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0000722885 ptf:C000063163Member country:HK 2026-03-31 0000722885 ptf:C000063163Member country:IT 2026-03-31 0000722885 ptf:C000063163Member country:KR 2026-03-31 0000722885 ptf:C000063163Member country:SG 2026-03-31 0000722885 ptf:C000063163Member country:DK 2026-03-31 0000722885 ptf:C000063163Member country:ZA 2026-03-31 0000722885 ptf:C000063163Member country:ES 2026-03-31 0000722885 ptf:C000177800Member country:FR 2026-03-31 0000722885 ptf:C000177800Member country:JP 2026-03-31 0000722885 ptf:C000177800Member country:NO 2026-03-31 0000722885 ptf:C000177800Member country:GB 2026-03-31 0000722885 ptf:C000177800Member country:TH 2026-03-31 0000722885 ptf:C000177800Member country:TW 2026-03-31 0000722885 ptf:C000177800Member country:BR 2026-03-31 0000722885 ptf:C000177800Member country:SE 2026-03-31 0000722885 ptf:C000177800Member country:BE 2026-03-31 0000722885 ptf:C000177800Member country:CN 2026-03-31 0000722885 ptf:C000177800Member country:DE 2026-03-31 0000722885 ptf:C000177800Member country:CA 2026-03-31 0000722885 ptf:C000177800Member country:IN 2026-03-31 0000722885 ptf:C000177800Member country:PT 2026-03-31 0000722885 ptf:C000177800Member country:IE 2026-03-31 0000722885 ptf:C000177800Member country:NL 2026-03-31 0000722885 ptf:C000177800Member country:HK 2026-03-31 0000722885 ptf:C000177800Member country:IT 2026-03-31 0000722885 ptf:C000177800Member country:KR 2026-03-31 0000722885 ptf:C000177800Member country:DK 2026-03-31 0000722885 ptf:C000177800Member country:ZA 2026-03-31 0000722885 ptf:C000177800Member country:ES 2026-03-31 0000722885 ptf:C000209789Member country:HK 2026-03-31 0000722885 ptf:C000209789Member country:TW 2026-03-31 0000722885 ptf:C000209789Member country:BE 2026-03-31 0000722885 ptf:C000209789Member country:JP 2026-03-31 0000722885 ptf:C000209789Member country:GB 2026-03-31 0000722885 ptf:C000209789Member country:CN 2026-03-31 0000722885 ptf:C000209789Member country:IT 2026-03-31 0000722885 ptf:C000209789Member country:FR 2026-03-31 0000722885 ptf:C000209789Member country:ZA 2026-03-31 0000722885 ptf:C000209789Member country:TH 2026-03-31 0000722885 ptf:C000209789Member country:NO 2026-03-31 0000722885 ptf:C000209789Member country:BR 2026-03-31 0000722885 ptf:C000209789Member country:AU 2026-03-31 0000722885 ptf:C000209789Member country:CA 2026-03-31 0000722885 ptf:C000209789Member country:ID 2026-03-31 0000722885 ptf:C000209789Member country:IE 2026-03-31 0000722885 ptf:C000209789Member country:CH 2026-03-31 0000722885 ptf:C000209789Member country:MX 2026-03-31 0000722885 ptf:C000209789Member country:PT 2026-03-31 0000722885 ptf:C000209789Member country:IN 2026-03-31 0000722885 ptf:C000209789Member country:MY 2026-03-31 0000722885 ptf:C000209789Member country:KR 2026-03-31 0000722885 ptf:C000209789Member country:PE 2026-03-31 0000722885 ptf:C000209789Member country:US 2026-03-31 iso4217:USD pure ptf:Holdings false N-1A 0000722885 N-CSR Pear Tree Funds 2026-03-31 annual shareholder report Pear Tree Polaris Small Cap Fund Ordinary Shares USBNX This <span id="xdx_90B_eoef--ShareholderReportAnnualOrSemiAnnual_c20250401__20260331__oef--ClassAxis__custom--C000025972Member_zrugg8qRGjTg">annual shareholder report</span> contains information about Pear Tree Polaris Small Cap Fund (the "Fund") for the period April 1, 2025 to March 31, 2026. annual shareholder report You may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span id="xdx_90E_eoef--AddlInfoWebsite_c20250401__20260331__oef--ClassAxis__custom--C000025972Member_zjEfv3vvbqG6">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_902_eoef--AddlInfoPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000025972Member_zMlyCHqGTVu5">1‑800‑326‑2151</span> or <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_901_eoef--AddlInfoEmail_c20250401__20260331__oef--ClassAxis__custom--C000025972Member_zCcTS38DL2ia">info@peartreefunds.com</span></span> or by contacting your financial intermediary. www.peartreefunds.com/fund-documents/ 1‑800‑326‑2151 info@peartreefunds.com <p id="xdx_80F_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000025972Member_dD_zOhAoJY8Wuo2" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What were the Fund's costs for the last year?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 5pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(based on hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: -2pt 0 7pt; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div></th></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ordinary Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_90F_eoef--ExpensesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000025972Member_zrMC27if08g2">144</span></span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_903_eoef--ExpenseRatioPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000025972Member_zaaY7is94HE6">1.35</span>%</span></div></td></tr> </table></div></div></div> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -8pt; margin-bottom: 0"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -4pt; margin-bottom: 0"> </p> 144 0.0135 <p id="xdx_806_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000025972Member_dU_zH4VXA7RVUi2" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0"><b style="box-sizing: border-box">What affected the Fund’s performance this period?</b></p> <div style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; min-height: 143.9px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">The Fund delivered a strong absolute return but trailed the Russell 2000. Results came from bottom-up stock selection in Consumer Discretionary, Information Technology, Consumer Staples and Utilities. Information Technology was the standout, anchored by MKS Inc., which rallied on double-digit sales across semiconductor, advanced packaging and photonics end markets, while electronics distributors Arrow Electronics and Avnet beat consensus as the industry recovered from the 2023–2024 inventory correction. In Consumer Discretionary, for‑profit education companies Laureate Education and Perdoceo Education gained on organic enrollment growth, while American Eagle Outfitters and Buckle Inc. rallied on strong same‑store sales. Ingles Markets continued its post‑COVID margin recovery in Consumer Staples, Black Hills Corp. supported returns in Utilities, and CVR Energy and Diamondback Energy benefited from firmer oil prices. Lundin Mining capitalized on tight copper supply and strong execution at its Caserones mine, while Bermuda‑domiciled Bank of N.T. Butterfield added meaningfully in Financials. Key detractors included Graphic Packaging, which was sold during the year; Progress Software, weighed by a broader software derating; office‑furniture maker HNI Corp.; and Puerto Rico’s EVERTEC, which was exited on macro concerns.</p></div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; color: #000; line-height: 1pt; margin-top: -4pt; margin-bottom: 0"> </p> <p id="xdx_80B_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000025972Member_dU_zexVXqlhJaX5" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 1pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How did the Fund perform over the past 10 years?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 15px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="box-sizing: border-box; color: #00549e"><span style="box-sizing: border-box; font-size: 9pt">CUMULATIVE PERFORMANCE</span></span></span> | March 31, 2016 through March 31, 2026</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(Initial Investment of $10,000)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Date</div></td> <td id="xdx_4B6_oef--ClassAxis_custom--C000025972Member_zoCCnSnxRg0e" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pear Tree Polaris Small Cap Fund Ordinary Shares</div></td> <td id="xdx_4B9_oef--BroadBasedIndexAxis_custom--Russell2000OneMember_zNhNSSJOEQj5" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Russell 2000</div></td> <td id="xdx_4B3_oef--BroadBasedIndexAxis_custom--SandP500TotalReturnIndexMember_z8m0uJt0jKt8" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">S&amp;P 500® Total Return Index</div></td></tr> <tr id="xdx_431_c20160331__20160331_eoef--AccmVal_pid_zxJ5W2kvkruj" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3/31/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10000</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10000</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10000</div></td></tr> <tr id="xdx_437_c20160331__20160630_eoef--AccmVal_pid_z7VsM2r7ySLb" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">6/30/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10255</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10379</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10246</div></td></tr> <tr id="xdx_43D_c20160331__20160930_eoef--AccmVal_zE6wUs7RF5L9" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">9/30/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10963</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11318</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10640</div></td></tr> <tr id="xdx_434_c20160331__20161231_eoef--AccmVal_zifA5dQbOOm5" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12200</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12318</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11047</div></td></tr> <tr id="xdx_438_c20160331__20170331_eoef--AccmVal_zPJ5YDAOc3rj" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3/31/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12336</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12622</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11717</div></td></tr> <tr id="xdx_43E_c20160331__20170630_eoef--AccmVal_zLsILsW3Q3Ui" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">6/30/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12448</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12932</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12080</div></td></tr> <tr id="xdx_434_c20160331__20170930_eoef--AccmVal_zjE9kQJSLELi" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">9/30/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12570</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13666</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12621</div></td></tr> <tr id="xdx_43F_c20160331__20171231_eoef--AccmVal_zqlAJIecIW57" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12983</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14122</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13459</div></td></tr> <tr id="xdx_439_c20160331__20180331_eoef--AccmVal_zPM5pubtQN03" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3/31/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12674</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14111</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13356</div></td></tr> <tr id="xdx_43D_c20160331__20180630_eoef--AccmVal_zsBr3cgulTz6" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">6/30/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13649</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15204</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13815</div></td></tr> <tr id="xdx_43E_c20160331__20180930_eoef--AccmVal_zQNLtwEzPlk" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">9/30/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14191</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15749</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14880</div></td></tr> <tr id="xdx_431_c20160331__20181231_eoef--AccmVal_zeLkGr1qG221" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11570</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12568</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12868</div></td></tr> <tr id="xdx_432_c20160331__20190331_eoef--AccmVal_zvmJVPsZqgb6" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12911</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14400</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14624</div></td></tr> <tr id="xdx_431_c20160331__20190630_eoef--AccmVal_zthlPwA3GCef" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">6/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13110</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14702</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15253</div></td></tr> <tr id="xdx_439_c20160331__20190930_eoef--AccmVal_zIqQ9ytzazJb" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">9/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12969</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14349</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15513</div></td></tr> <tr id="xdx_432_c20160331__20191231_eoef--AccmVal_zOLCRr3fJC8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14287</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15776</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16920</div></td></tr> <tr id="xdx_43F_c20160331__20200331_eoef--AccmVal_zG87sZeXCfa4" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">9002</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10947</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13603</div></td></tr> <tr id="xdx_43B_c20160331__20200630_eoef--AccmVal_zF48izVGMmv4" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">6/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10855</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13729</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16397</div></td></tr> <tr id="xdx_43C_c20160331__20200930_eoef--AccmVal_zSoTPD64Uvg4" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">9/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10540</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14406</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">17862</div></td></tr> <tr id="xdx_432_c20160331__20201231_eoef--AccmVal_zYLjvDzvaOT" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13604</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">18926</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">20032</div></td></tr> <tr id="xdx_435_c20160331__20210331_eoef--AccmVal_zkgz7WstnA5d" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16091</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">21329</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">21268</div></td></tr> <tr id="xdx_43D_c20160331__20210630_eoef--AccmVal_zUxLDckoZyC4" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">6/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16408</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">22244</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">23086</div></td></tr> <tr id="xdx_439_c20160331__20210930_eoef--AccmVal_zSNLKEamTsOb" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">9/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16044</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">21274</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">23220</div></td></tr> <tr id="xdx_43E_c20160331__20211231_eoef--AccmVal_zkM5uSpG9mra" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16899</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">21730</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">25781</div></td></tr> <tr id="xdx_433_c20160331__20220331_eoef--AccmVal_ztCqPXiDHxb2" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16556</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">20093</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">24595</div></td></tr> <tr id="xdx_43D_c20160331__20220630_eoef--AccmVal_zdPv1Th7vAK5" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">6/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14826</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16637</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">20636</div></td></tr> <tr id="xdx_439_c20160331__20220930_eoef--AccmVal_z17K7ShRmgi8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">9/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14113</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16273</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">19629</div></td></tr> <tr id="xdx_43B_c20160331__20221231_eoef--AccmVal_ziHmZMMmqNq8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16038</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">17287</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">21113</div></td></tr> <tr id="xdx_431_c20160331__20230331_eoef--AccmVal_zDZhjLYcJiH9" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15996</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">17760</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">22696</div></td></tr> <tr id="xdx_434_c20160331__20230630_eoef--AccmVal_zAafVyhWtfb2" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">6/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16326</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">18686</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">24680</div></td></tr> <tr id="xdx_430_c20160331__20230930_eoef--AccmVal_ztpH2WbmHfja" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">9/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16304</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">17727</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">23873</div></td></tr> <tr id="xdx_435_c20160331__20231231_eoef--AccmVal_zf1UWoCioUuf" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">18098</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">20214</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">26663</div></td></tr> <tr id="xdx_434_c20160331__20240331_eoef--AccmVal_zUq0yGWNJ4x" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">19375</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">21261</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">29479</div></td></tr> <tr id="xdx_43C_c20160331__20240630_eoef--AccmVal_zBvDiAaJCQ2b" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">6/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">18473</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">20564</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">30741</div></td></tr> <tr id="xdx_43A_c20160331__20240930_eoef--AccmVal_zj5bEazwPkle" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">9/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">20167</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">22470</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">32551</div></td></tr> <tr id="xdx_436_c20160331__20241231_eoef--AccmVal_z8ZFVeDfCj09" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">19672</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">22544</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">33336</div></td></tr> <tr id="xdx_437_c20160331__20250331_eoef--AccmVal_z87Frz3ymxcd" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">19120</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">20407</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">31912</div></td></tr> <tr id="xdx_439_c20160331__20250630_eoef--AccmVal_zLUiYQywK862" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">6/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">19848</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">22142</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">35403</div></td></tr> <tr id="xdx_431_c20160331__20250930_eoef--AccmVal_z091wYHcbzM4" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">9/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">20743</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">24885</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">38278</div></td></tr> <tr id="xdx_431_c20160331__20251231_eoef--AccmVal_zHwQl44ODMac" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">21258</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">25430</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">39296</div></td></tr> <tr id="xdx_433_c20160331__20260331_eoef--AccmVal_zzdIAuETgjnk" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3/31/2026</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">21895</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">25656</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">37595</div></td></tr> </table></div></div><img alt="line" src="qesb1txzf1mpfraq6x.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> 10000 10000 10000 10255 10379 10246 10963 11318 10640 12200 12318 11047 12336 12622 11717 12448 12932 12080 12570 13666 12621 12983 14122 13459 12674 14111 13356 13649 15204 13815 14191 15749 14880 11570 12568 12868 12911 14400 14624 13110 14702 15253 12969 14349 15513 14287 15776 16920 9002 10947 13603 10855 13729 16397 10540 14406 17862 13604 18926 20032 16091 21329 21268 16408 22244 23086 16044 21274 23220 16899 21730 25781 16556 20093 24595 14826 16637 20636 14113 16273 19629 16038 17287 21113 15996 17760 22696 16326 18686 24680 16304 17727 23873 18098 20214 26663 19375 21261 29479 18473 20564 30741 20167 22470 32551 19672 22544 33336 19120 20407 31912 19848 22142 35403 20743 24885 38278 21258 25430 39296 21895 25656 37595 <p id="xdx_804_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000025972Member_dU_zgSyuXiFurqg" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 1pt; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0"><b style="box-sizing: border-box">AVERAGE ANNUAL TOTAL RETURNS</b></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">One Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Five Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ten Year</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box; font-weight: 100"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: 700; font-style: normal">Pear Tree Polaris Small Cap Fund Ordinary Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_909_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000025972Member_zs0Wla9rqFoa">14.51</span>%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90D_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--ClassAxis__custom--C000025972Member_zlHCXRX1Lzw5">6.35</span>%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_905_eoef--AvgAnnlRtrPct_dp_c20160401__20260331__oef--ClassAxis__custom--C000025972Member_zQJqxKuqteh">8.15</span>%</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box; font-weight: 700"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Russell 2000</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_901_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--BroadBasedIndexAxis__custom--Russell2000Member_zK7esEWhqBqh">25.73</span>%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90B_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--BroadBasedIndexAxis__custom--Russell2000Member_zpE7WheEPeQk">3.77</span>%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_904_eoef--AvgAnnlRtrPct_dp_c20160401__20260331__oef--BroadBasedIndexAxis__custom--Russell2000Member_zkWlSMFaxw18">9.88</span>%</span></div></td></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box; font-weight: 700"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">S&amp;P 500</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_902_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--BroadBasedIndexAxis__custom--SandP500TotalReturnIndexMember_zoFWxf5Cj4Dc">17.80</span>%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_906_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--BroadBasedIndexAxis__custom--SandP500TotalReturnIndexMember_zIR1FQ4EzoM7">12.06</span>%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90C_eoef--AvgAnnlRtrPct_dp_c20160401__20260331__oef--BroadBasedIndexAxis__custom--SandP500TotalReturnIndexMember_zWEcP3tLvRBe">14.16</span>%</span></div></td></tr> </table></div></div></div> 0.1451 0.0635 0.0815 0.2573 0.0377 0.0988 0.1780 0.1206 0.1416 Neither the Fund’s returns nor the index returns reflect the deduction of taxes that a shareholder would pay on fund distributions or redemptions of Fund shares. <span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt">Visit </span><span style="box-sizing: border-box; font-size: 8pt"><span style="box-sizing: border-box; font-family: Kohinoor Medium, Arial">www.peartreefunds.com/pricesandperformance/</span></span><span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt"> for more recent performance information.</span></span></span> The Fund's past performance is not a good predictor of the Fund's future performance. <p id="xdx_808_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000025972Member_dD_zil2RxtFpyZ5" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">Key Fund Statistics</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Net Assets</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eus-gaap--AssetsNet_iE_c20250401__20260331__oef--ClassAxis__custom--C000025972Member_z0wwcRvubShb" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$92,052,337</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Holdings</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--HoldingsCount_iE_uHoldings_c20250401__20260331__oef--ClassAxis__custom--C000025972Member_za73ol8Labd8" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">50</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Advisory Fee</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--AdvisoryFeesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000025972Member_zkD8AXSmcvhl" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$733,315</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portfolio Turnover</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250401__20260331__oef--ClassAxis__custom--C000025972Member_zWFkH0XL6yKe" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">37%</span></div></td></tr> </table></div></div></div> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 12pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p> 92052337 50 733315 0.37 <div id="xdx_80E_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000025972Member_dD_zpeqFqblNpFi" style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What did the Fund invest in?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p></div><div style="margin: 0; padding: 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">SECTOR ALLOCATION</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Financials</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025972Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zgC3tTytqre3" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">25.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Industrials</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025972Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zACqlmCsCTKa" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">21.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Information Technology</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025972Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zeotLtZL5NGi" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">9.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Real Estate</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025972Member__oef--IndustrySectorAxis__us-gaap--RealEstateMember_zQT2GnKdkGd3" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.7</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Health Care</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025972Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_zuFLCT0g7n15" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Consumer Discretionary</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025972Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zRNMUxHXJEt" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Materials</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025972Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zeI1m3Cnvzw9" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Consumer Staples</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025972Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zMZLwPKI1VFb" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.9</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Energy</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025972Member__oef--IndustrySectorAxis__us-gaap--EnergySectorMember_zWVuQTIYnvT2" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.7</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Utilities</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025972Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zRi4eMaVgAdb" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Cash and Other Assets (Net)</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025972Member__oef--IndustrySectorAxis__custom--CashandOtherAssetsNetSectorMember_zBEn071gy1Hg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.6</span></div></td></tr> </table></div></div></div></div></div></div> 0.250 0.213 0.092 0.087 0.085 0.084 0.052 0.049 0.047 0.025 0.016 <p id="xdx_80A_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000025972Member_dD_z5PGJ19RsP3d" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">TOP TEN HOLDINGS</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Laureate Education, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025972Member__oef--LargestHoldingAxis__custom--LaureateEducationIncMember_zgolfKqpIlef" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Lantheus Holdings, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025972Member__oef--LargestHoldingAxis__custom--LantheusHoldingsIncMember_zvHOFKuToHVj" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Northeast Bancorp</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025972Member__oef--LargestHoldingAxis__custom--NortheastBancorpMember_zZhh6aXtShah" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ingles Markets Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025972Member__oef--LargestHoldingAxis__custom--InglesMarketsIncMember_zIUPnf9cm6Mj" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">The Bank of N.T. Butterfield &amp; Son Limited</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025972Member__oef--LargestHoldingAxis__custom--TheBankofNTButterfieldandSonLimitedMember_zuGYK8yGvc97" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">V2X, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025972Member__oef--LargestHoldingAxis__custom--V2XIncMember_zQrbpil2HBI2" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Black Hills Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025972Member__oef--LargestHoldingAxis__custom--BlackHillsCorporationMember_zNA8RhEvXQwk" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">BOK Financial Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025972Member__oef--LargestHoldingAxis__custom--BOKFinancialCorporationMember_zdNg7FfNucUi" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Plains Financial, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025972Member__oef--LargestHoldingAxis__custom--SouthPlainsFinancialIncMember_z4FvlpaiT76e" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Perdoceo Education Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025972Member__oef--LargestHoldingAxis__custom--PerdoceoEducationCorporationMember_zdWlqRn9Z3C" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div></td></tr> </table></div></div></div> 0.027 0.027 0.026 0.026 0.026 0.026 0.025 0.025 0.025 0.025 <p id="xdx_80B_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000025972Member_dD_z1J0unAafbDb" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 8pt 0 4pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How has the Fund changed?</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 57.56px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_900_eoef--UpdProspectusWebAddress_c20250401__20260331__oef--ClassAxis__custom--C000025972Member_zg70wFQLMrWb">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_907_eoef--UpdProspectusPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000025972Member_z54eis3bUuW9">1-800-326-2151</span> or <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_907_eoef--UpdProspectusEmailAddress_c20250401__20260331__oef--ClassAxis__custom--C000025972Member_zhVvX2P0tvKg">info@peartreefunds.com</span></span></span> or by contacting your financial intermediary.</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; min-height: 14.39px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">During the reporting period, there were no changes to the Ordinary Share Class.</p> <p style="font: normal 300 9pt/1pt Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p><p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 44.01px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">The Russell and the S&amp;P do not accept any liability for any errors or omissions in the indexes or data, and hereby expressly disclaim all warranties of originality, accuracy, completeness, timeliness, merchantability and fitness for a particular purpose. No party may rely on any indexes or data contained in this communication. Visit<span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"> <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"></span></span><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400">www.peartreefunds.com/fund-documents/</span></span> for additional legal notices &amp; disclaimers.</p> www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com Pear Tree Polaris Small Cap Fund Institutional Shares QBNAX This <span id="xdx_909_eoef--ShareholderReportAnnualOrSemiAnnual_c20250401__20260331__oef--ClassAxis__custom--C000025973Member_zkY9qC9vfsI5">annual shareholder report</span> contains information about Pear Tree Polaris Small Cap Fund (the "Fund") for the period April 1, 2025 to March 31, 2026. annual shareholder report You may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span id="xdx_904_eoef--AddlInfoWebsite_c20250401__20260331__oef--ClassAxis__custom--C000025973Member_z8eYtAHYOfPe">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_909_eoef--AddlInfoPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000025973Member_z5I5PlSYXI35">1‑800‑326‑2151</span> or <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_90B_eoef--AddlInfoEmail_c20250401__20260331__oef--ClassAxis__custom--C000025973Member_zfv0smjt7J21">info@peartreefunds.com</span></span> or by contacting your financial intermediary. www.peartreefunds.com/fund-documents/ 1‑800‑326‑2151 info@peartreefunds.com <p id="xdx_807_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000025973Member_dD_zih7MjQDqidd" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What were the Fund's costs for the last year?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 5pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(based on hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: -2pt 0 7pt; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div></th></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Institutional Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_903_eoef--ExpensesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000025973Member_zlAIIQhZ3Byd">105</span></span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_904_eoef--ExpenseRatioPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000025973Member_zWXHMuvd5Zg7">0.97</span>%</span></div></td></tr> </table></div></div></div> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -8pt; margin-bottom: 0"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -4pt; margin-bottom: 0"> </p> 105 0.0097 <p id="xdx_806_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000025973Member_dU_zjSg6ySWCwOb" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0"><b style="box-sizing: border-box">What affected the Fund’s performance this period?</b></p> <div style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; min-height: 143.9px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">The Fund delivered a strong absolute return but trailed the Russell 2000. Results came from bottom-up stock selection in Consumer Discretionary, Information Technology, Consumer Staples and Utilities. Information Technology was the standout, anchored by MKS Inc., which rallied on double-digit sales across semiconductor, advanced packaging and photonics end markets, while electronics distributors Arrow Electronics and Avnet beat consensus as the industry recovered from the 2023–2024 inventory correction. In Consumer Discretionary, for‑profit education companies Laureate Education and Perdoceo Education gained on organic enrollment growth, while American Eagle Outfitters and Buckle Inc. rallied on strong same‑store sales. Ingles Markets continued its post‑COVID margin recovery in Consumer Staples, Black Hills Corp. supported returns in Utilities, and CVR Energy and Diamondback Energy benefited from firmer oil prices. Lundin Mining capitalized on tight copper supply and strong execution at its Caserones mine, while Bermuda‑domiciled Bank of N.T. Butterfield added meaningfully in Financials. Key detractors included Graphic Packaging, which was sold during the year; Progress Software, weighed by a broader software derating; office‑furniture maker HNI Corp.; and Puerto Rico’s EVERTEC, which was exited on macro concerns.</p></div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; color: #000; line-height: 1pt; margin-top: -4pt; margin-bottom: 0"> </p> <p id="xdx_80B_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000025973Member_dU_zHckvf7ZVvn5" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 1pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How did the Fund perform over the past 10 years?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 15px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="box-sizing: border-box; color: #00549e"><span style="box-sizing: border-box; font-size: 9pt">CUMULATIVE PERFORMANCE</span></span></span> | March 31, 2016 through March 31, 2026</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(Initial Investment of $1,000,000)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Date</div></td> <td id="xdx_4B6_oef--ClassAxis_custom--C000025973Member_zHFA6WmVI1D6" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pear Tree Polaris Small Cap Fund Institutional Shares</div></td> <td id="xdx_4B7_oef--BroadBasedIndexAxis_custom--Russell2000Member_zhKWnqyF3CM" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Russell 2000</div></td> <td id="xdx_4B6_oef--BroadBasedIndexAxis_custom--SandP500TotalReturnIndexOneMember_zp910F1h7Vf9" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">S&amp;P 500</div></td></tr> <tr id="xdx_436_c20160331__20160331_eoef--AccmVal_pid_z9Yi7nJNSNk4" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1000000.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1000000.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1000000.0</div></td></tr> <tr id="xdx_43C_c20160331__20160630_eoef--AccmVal_pid_z2r8oxeVvOq5" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1026200.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1037900.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1024600.0</div></td></tr> <tr id="xdx_439_c20160331__20160930_eoef--AccmVal_pid_zIEqxrHrG7S9" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1097623.52</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1131829.95</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1064047.1</div></td></tr> <tr id="xdx_43E_c20160331__20161231_eoef--AccmVal_pid_zaAd188ieeB9" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1222533.08</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1231770.53</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1104693.7</div></td></tr> <tr id="xdx_436_c20160331__20170331_eoef--AccmVal_pid_zpUXM37VOBL7" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1236958.97</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1262195.27</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1171748.61</div></td></tr> <tr id="xdx_43E_c20160331__20170630_eoef--AccmVal_pid_zI2MKnqFeZC4" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1248957.47</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1293245.27</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1207955.64</div></td></tr> <tr id="xdx_43B_c20160331__20170930_eoef--AccmVal_pid_zC2k8BlQfDq4" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1262571.11</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1366572.28</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1262072.05</div></td></tr> <tr id="xdx_43C_c20160331__20171231_eoef--AccmVal_pid_zgituXQ99fyd" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1305246.01</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1412215.79</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1345873.64</div></td></tr> <tr id="xdx_430_c20160331__20180331_eoef--AccmVal_pid_z4zTaZ1WM3X3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1275094.83</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1411086.02</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1335645.0</div></td></tr> <tr id="xdx_431_c20160331__20180630_eoef--AccmVal_pid_zgiXEqvR8O5b" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1374679.73</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1520445.19</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1381457.62</div></td></tr> <tr id="xdx_435_c20160331__20180930_eoef--AccmVal_pid_zKCLVXZhIkjf" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1430629.2</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1574877.12</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1487968.0</div></td></tr> <tr id="xdx_43F_c20160331__20181231_eoef--AccmVal_pid_zlKNzpVx4E74" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1167822.61</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1256751.94</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1286794.73</div></td></tr> <tr id="xdx_436_c20160331__20190331_eoef--AccmVal_pid_zbYJQp2EYcCf" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1304341.08</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1439986.38</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1462442.21</div></td></tr> <tr id="xdx_43F_c20160331__20190630_eoef--AccmVal_pid_zA4eLKn41x24" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1325210.53</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1470226.09</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1525327.22</div></td></tr> <tr id="xdx_433_c20160331__20190930_eoef--AccmVal_pid_zYBdoZSwhKI4" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1312488.51</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1434940.67</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1551257.79</div></td></tr> <tr id="xdx_43C_c20160331__20191231_eoef--AccmVal_pid_z3C4LyCR30pl" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1446756.09</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1577573.77</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1691956.87</div></td></tr> <tr id="xdx_436_c20160331__20200331_eoef--AccmVal_pid_zp3Gy7LZOFa8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">912758.42</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1094678.44</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1360333.32</div></td></tr> <tr id="xdx_436_c20160331__20200630_eoef--AccmVal_pid_zh1gnr2L144i" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1101334.3</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1372945.7</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1639745.79</div></td></tr> <tr id="xdx_43C_c20160331__20200930_eoef--AccmVal_pid_z0UyRQ1wE8z3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1070607.08</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1440631.92</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1786175.08</div></td></tr> <tr id="xdx_436_c20160331__20201231_eoef--AccmVal_pid_zyQYnkxYVKAi" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1383545.53</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1892558.15</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2003195.36</div></td></tr> <tr id="xdx_43E_c20160331__20210331_eoef--AccmVal_pid_zBviz6QYCTwd" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1637702.84</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2132913.04</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2126792.51</div></td></tr> <tr id="xdx_435_c20160331__20210630_eoef--AccmVal_pid_z5LQtIvfrYZd" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1671603.29</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2224415.01</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2308633.27</div></td></tr> <tr id="xdx_430_c20160331__20210930_eoef--AccmVal_pid_ziOtlMVRbk95" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1635663.82</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2127430.51</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2322023.34</div></td></tr> <tr id="xdx_43B_c20160331__20211231_eoef--AccmVal_pid_zQOwl8uOCgVi" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1724971.06</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2172957.52</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2578142.52</div></td></tr> <tr id="xdx_43F_c20160331__20220331_eoef--AccmVal_pid_zEj0GXzdAEZ7" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1691334.13</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2009333.82</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2459547.96</div></td></tr> <tr id="xdx_43F_c20160331__20220630_eoef--AccmVal_pid_zBLI7HKOZHc3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1515942.78</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1663728.41</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2063560.74</div></td></tr> <tr id="xdx_433_c20160331__20220930_eoef--AccmVal_pid_zjHlPimqnzp2" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1444238.68</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1627292.75</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1962858.98</div></td></tr> <tr id="xdx_436_c20160331__20221231_eoef--AccmVal_pid_zShsxElSSiw9" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1643110.35</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1728673.09</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2111251.11</div></td></tr> <tr id="xdx_43F_c20160331__20230331_eoef--AccmVal_pid_zYso6SLnTFPh" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1640317.06</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1776038.73</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2269594.95</div></td></tr> <tr id="xdx_43C_c20160331__20230630_eoef--AccmVal_pid_zPKa17eNGRd2" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1675091.78</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1868570.35</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2467957.55</div></td></tr> <tr id="xdx_436_c20160331__20230930_eoef--AccmVal_pid_zGtjwC5MtiS3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1674589.26</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1772712.69</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2387255.33</div></td></tr> <tr id="xdx_433_c20160331__20231231_eoef--AccmVal_pid_zdGIRGcdgchh" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1860636.12</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2021424.28</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2666325.48</div></td></tr> <tr id="xdx_433_c20160331__20240331_eoef--AccmVal_pid_zx6mez7sh8E1" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1993671.61</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2126134.06</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2947889.45</div></td></tr> <tr id="xdx_433_c20160331__20240630_eoef--AccmVal_pid_zGPNMxNKc8Af" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1902760.18</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2056396.87</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3074059.12</div></td></tr> <tr id="xdx_438_c20160331__20240930_eoef--AccmVal_pid_zX1ozNA3LIOb" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2078955.77</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2247024.85</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3255121.21</div></td></tr> <tr id="xdx_435_c20160331__20241231_eoef--AccmVal_pid_zjwQoo18hvTf" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2029684.52</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2254440.04</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3333569.63</div></td></tr> <tr id="xdx_431_c20160331__20250331_eoef--AccmVal_pid_zZOt0dufHiR9" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1975086.01</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2040719.12</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3191226.2</div></td></tr> <tr id="xdx_439_c20160331__20250630_eoef--AccmVal_pid_zVXYhYbaXJi8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2052311.87</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2214180.25</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3540346.35</div></td></tr> <tr id="xdx_436_c20160331__20250930_eoef--AccmVal_pid_zC3PYSnVg481" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2066137.47</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2293564.22</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3450353.77</div></td></tr> <tr id="xdx_43B_c20160331__20251231_eoef--AccmVal_pid_z7u2GtTVuJ1l" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2105671.98</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2262670.79</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3634519.56</div></td></tr> <tr id="xdx_43D_c20160331__20260331_eoef--AccmVal_pid_zfTh7w0w8DCj" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2026</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2169894.98</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2282808.56</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3477144.87</div></td></tr> </table></div></div><img alt="line" src="qes3zqgh1mpfrafjb.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> 1000000.0 1000000.0 1000000.0 1026200.0 1037900.0 1024600.0 1097623.52 1131829.95 1064047.1 1222533.08 1231770.53 1104693.7 1236958.97 1262195.27 1171748.61 1248957.47 1293245.27 1207955.64 1262571.11 1366572.28 1262072.05 1305246.01 1412215.79 1345873.64 1275094.83 1411086.02 1335645.0 1374679.73 1520445.19 1381457.62 1430629.2 1574877.12 1487968.0 1167822.61 1256751.94 1286794.73 1304341.08 1439986.38 1462442.21 1325210.53 1470226.09 1525327.22 1312488.51 1434940.67 1551257.79 1446756.09 1577573.77 1691956.87 912758.42 1094678.44 1360333.32 1101334.3 1372945.7 1639745.79 1070607.08 1440631.92 1786175.08 1383545.53 1892558.15 2003195.36 1637702.84 2132913.04 2126792.51 1671603.29 2224415.01 2308633.27 1635663.82 2127430.51 2322023.34 1724971.06 2172957.52 2578142.52 1691334.13 2009333.82 2459547.96 1515942.78 1663728.41 2063560.74 1444238.68 1627292.75 1962858.98 1643110.35 1728673.09 2111251.11 1640317.06 1776038.73 2269594.95 1675091.78 1868570.35 2467957.55 1674589.26 1772712.69 2387255.33 1860636.12 2021424.28 2666325.48 1993671.61 2126134.06 2947889.45 1902760.18 2056396.87 3074059.12 2078955.77 2247024.85 3255121.21 2029684.52 2254440.04 3333569.63 1975086.01 2040719.12 3191226.2 2052311.87 2214180.25 3540346.35 2066137.47 2293564.22 3450353.77 2105671.98 2262670.79 3634519.56 2169894.98 2282808.56 3477144.87 <p id="xdx_804_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000025973Member_dU_zZZkvcW5Kkf" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 1pt; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0"><b style="box-sizing: border-box">AVERAGE ANNUAL TOTAL RETURNS</b></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">One Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Five Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ten Year</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Pear Tree Polaris Small Cap Fund Institutional Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_900_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000025973Member_zMrvNKUsAmT6">14.92</span>%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_908_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--ClassAxis__custom--C000025973Member_zhRucx3ocHCc">6.74</span>%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90F_eoef--AvgAnnlRtrPct_dp_c20160401__20260331__oef--ClassAxis__custom--C000025973Member_z8sJ5wSK16G2">8.54</span>%</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Russell 2000</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_904_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--BroadBasedIndexAxis__custom--Russell2000Member_zXpflYPrwBcl">25.73</span>%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_908_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--BroadBasedIndexAxis__custom--Russell2000Member_zKQ756lYkhM9">3.77</span>%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_907_eoef--AvgAnnlRtrPct_dp_c20160401__20260331__oef--BroadBasedIndexAxis__custom--Russell2000Member_z2j8PefPdRJ6">9.88</span>%</span></div></td></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">S&amp;P 500</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_908_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--BroadBasedIndexAxis__custom--SandP500TotalReturnIndexMember_zZ3t42ZEVA8a">17.80</span>%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90A_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--BroadBasedIndexAxis__custom--SandP500TotalReturnIndexMember_z02yJoVzoBE7">12.06</span>%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_902_eoef--AvgAnnlRtrPct_dp_c20160401__20260331__oef--BroadBasedIndexAxis__custom--SandP500TotalReturnIndexMember_zspiMhGlYfsd">14.16</span>%</span></div></td></tr> </table></div></div></div> 0.1492 0.0674 0.0854 0.2573 0.0377 0.0988 0.1780 0.1206 0.1416 Neither the Fund’s returns nor the index returns reflect the deduction of taxes that a shareholder would pay on fund distributions or redemptions of Fund shares. <span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt">Visit </span></span><span style="box-sizing: border-box; font-size: 8pt"><span style="box-sizing: border-box; font-family: Kohinoor Medium, Arial">www.peartreefunds.com/pricesandperformance/</span></span><span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt"> for more recent performance information.</span></span> The Fund's past performance is not a good predictor of the Fund's future performance. <p id="xdx_808_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000025973Member_dD_zG5XjoQsBLFa" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">Key Fund Statistics</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Net Assets</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eus-gaap--AssetsNet_iE_c20250401__20260331__oef--ClassAxis__custom--C000025973Member_zfxTtlbntKS3" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$92,052,337</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Holdings</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--HoldingsCount_iE_uHoldings_c20250401__20260331__oef--ClassAxis__custom--C000025973Member_zFtN9HlRg9mk" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">50</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Advisory Fee</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--AdvisoryFeesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000025973Member_zDXcrRMKnsOg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$733,315</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portfolio Turnover</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250401__20260331__oef--ClassAxis__custom--C000025973Member_z3uOgVQ6WFR" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">37%</span></div></td></tr> </table></div></div></div> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 12pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p> 92052337 50 733315 0.37 <div id="xdx_80E_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000025973Member_dD_zyO717xz7Tec" style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What did the Fund invest in?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p></div><div style="margin: 0; padding: 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">SECTOR ALLOCATION</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Financials</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025973Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zkZWiIyIm0u8" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">25.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Industrials</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025973Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zFYKXDMAehod" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">21.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Information Technology</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025973Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zKUIQRGc3Pzg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">9.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Real Estate</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025973Member__oef--IndustrySectorAxis__us-gaap--RealEstateMember_zbR8yrdUKfW3" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.7</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Health Care</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025973Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_zEteLRIE1Gnd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Consumer Discretionary</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025973Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zE2851w1LfY1" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Materials</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025973Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_z89bJ5GASOki" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Consumer Staples</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025973Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zTo4pJO6oYo5" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.9</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Energy</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025973Member__oef--IndustrySectorAxis__us-gaap--EnergySectorMember_z5kgrUQynK3a" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.7</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Utilities</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025973Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zMkYaQEep0D6" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Cash and Other Assets (Net)</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025973Member__oef--IndustrySectorAxis__custom--CashandOtherAssetsNetSectorMember_zoODzkTG0x4h" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.6</span></div></td></tr> </table></div></div></div></div></div></div> 0.250 0.213 0.092 0.087 0.085 0.084 0.052 0.049 0.047 0.025 0.016 <p id="xdx_808_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000025973Member_dD_zDdHMV61zgBf" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">TOP TEN HOLDINGS</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Laureate Education, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025973Member__oef--LargestHoldingAxis__custom--LaureateEducationIncMember_z1bXUyE6GdHl" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Lantheus Holdings, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025973Member__oef--LargestHoldingAxis__custom--LantheusHoldingsIncMember_zaq3MMmo02fe" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Northeast Bancorp</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025973Member__oef--LargestHoldingAxis__custom--NortheastBancorpMember_zR57cOrMuQUh" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ingles Markets Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025973Member__oef--LargestHoldingAxis__custom--InglesMarketsIncMember_zvQy7U9fEOpi" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">The Bank of N.T. Butterfield &amp; Son Limited</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025973Member__oef--LargestHoldingAxis__custom--TheBankofNTButterfieldandSonLimitedMember_zVHn8w4f3DLi" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">V2X, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025973Member__oef--LargestHoldingAxis__custom--V2XIncMember_zWfDMHaoPNzd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Black Hills Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025973Member__oef--LargestHoldingAxis__custom--BlackHillsCorporationMember_zlAsMTXpycYk" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">BOK Financial Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025973Member__oef--LargestHoldingAxis__custom--BOKFinancialCorporationMember_zU7PYu8R4WU9" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Plains Financial, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025973Member__oef--LargestHoldingAxis__custom--SouthPlainsFinancialIncMember_zM5jbIwXbi91" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Perdoceo Education Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025973Member__oef--LargestHoldingAxis__custom--PerdoceoEducationCorporationMember_z2kkF1y0bhr8" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div></td></tr> </table></div></div></div> 0.027 0.027 0.026 0.026 0.026 0.026 0.025 0.025 0.025 0.025 <p id="xdx_80F_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000025973Member_dD_zhYJxZSpeVh8" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 8pt 0 4pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How has the Fund changed?</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 57.56px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_902_eoef--UpdProspectusWebAddress_c20250401__20260331__oef--ClassAxis__custom--C000025973Member_zk233oNoMhY3">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_903_eoef--UpdProspectusPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000025973Member_zxzPJJWZReEa">1-800-326-2151</span> or <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_907_eoef--UpdProspectusEmailAddress_c20250401__20260331__oef--ClassAxis__custom--C000025973Member_zUGAwZ1bWnm1">info@peartrseefunds.com</span></span></span> or by contacting your financial intermediary.</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; min-height: 14.39px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">During the reporting period, there were no changes to the Institutional Share Class.</p> <p style="font: normal 300 9pt/1pt Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p><p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 44.01px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">The Russell and the S&amp;P do not accept any liability for any errors or omissions in the indexes or data, and hereby expressly disclaim all warranties of originality, accuracy, completeness, timeliness, merchantability and fitness for a particular purpose. No party may rely on any indexes or data contained in this communication. Visit<span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"> <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"></span></span><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400">www.peartreefunds.com/fund-documents/</span></span> for additional legal notices &amp; disclaimers.</p> www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartrseefunds.com Pear Tree Polaris Small Cap Fund R6 Shares QBNRX This report describes changes to the Fund that occurred during the reporting period. This <span id="xdx_900_eoef--ShareholderReportAnnualOrSemiAnnual_c20250401__20260331__oef--ClassAxis__custom--C000177799Member_ze0Zov3HRbm1">annual shareholder report</span> contains information about Pear Tree Polaris Small Cap Fund (the "Fund") for the period April 1, 2025 to March 31, 2026. annual shareholder report You may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span id="xdx_902_eoef--AddlInfoWebsite_c20250401__20260331__oef--ClassAxis__custom--C000177799Member_zljzx1l2IuH5">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_905_eoef--AddlInfoPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000177799Member_z7Nk5PkWuCN2">1‑800‑326‑2151</span> or <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_90F_eoef--AddlInfoEmail_c20250401__20260331__oef--ClassAxis__custom--C000177799Member_z9qhakB5Sxfl">info@peartreefunds.com</span></span> or by contacting your financial intermediary. www.peartreefunds.com/fund-documents/ 1‑800‑326‑2151 info@peartreefunds.com <p id="xdx_80A_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000177799Member_dD_zA51jctj3Moh" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What were the Fund's costs for the last year?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 5pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(based on hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: -2pt 0 7pt; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div></th></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">R6 Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_903_eoef--ExpensesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000177799Member_zisZTnMPdKha">101</span></span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90D_eoef--ExpenseRatioPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000177799Member_zLZgUkCCNPX6">0.94</span>%</span></div></td></tr> </table></div></div></div> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -8pt; margin-bottom: 0"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -4pt; margin-bottom: 0"> </p> 101 0.0094 <p id="xdx_806_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000177799Member_dU_z5mGKYU8Am32" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0"><b style="box-sizing: border-box">What affected the Fund’s performance this period?</b></p> <div style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; min-height: 143.9px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">The Fund delivered a strong absolute return but trailed the Russell 2000. Results came from bottom-up stock selection in Consumer Discretionary, Information Technology, Consumer Staples and Utilities. Information Technology was the standout, anchored by MKS Inc., which rallied on double-digit sales across semiconductor, advanced packaging and photonics end markets, while electronics distributors Arrow Electronics and Avnet beat consensus as the industry recovered from the 2023–2024 inventory correction. In Consumer Discretionary, for‑profit education companies Laureate Education and Perdoceo Education gained on organic enrollment growth, while American Eagle Outfitters and Buckle Inc. rallied on strong same‑store sales. Ingles Markets continued its post‑COVID margin recovery in Consumer Staples, Black Hills Corp. supported returns in Utilities, and CVR Energy and Diamondback Energy benefited from firmer oil prices. Lundin Mining capitalized on tight copper supply and strong execution at its Caserones mine, while Bermuda‑domiciled Bank of N.T. Butterfield added meaningfully in Financials. Key detractors included Graphic Packaging, which was sold during the year; Progress Software, weighed by a broader software derating; office‑furniture maker HNI Corp.; and Puerto Rico’s EVERTEC, which was exited on macro concerns.</p></div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; color: #000; line-height: 1pt; margin-top: -4pt; margin-bottom: 0"> </p> <p id="xdx_80B_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000177799Member_dU_zSu9eI3wt1U2" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 1pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How did the Fund perform since inception?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 15px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="box-sizing: border-box; color: #00549e"><span style="box-sizing: border-box; font-size: 9pt">CUMULATIVE PERFORMANCE</span></span></span> | November 1, 2024 (Commencement of Operations) through March 31, 2026</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(Initial Investment of $100,000)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Date</div></td> <td id="xdx_4B6_oef--ClassAxis_custom--C000177799Member_zv0UdyV7DnD5" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pear Tree Polaris Small Cap Fund R6 Shares</div></td> <td id="xdx_4B7_oef--BroadBasedIndexAxis_custom--Russell2000Member_zGUrP8hg9Wx7" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Russell 2000</div></td> <td id="xdx_4BB_oef--BroadBasedIndexAxis_custom--SandP500TotalReturnIndexMember_zYw6DBCyJmD" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">S&amp;P 500</div></td></tr> <tr id="xdx_43D_c20241101__20241101_eoef--AccmVal_pid_zIy89bpdWd27" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11/01/24</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">100000.00</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">100000.00</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">100000.00</div></td></tr> <tr id="xdx_434_c20241101__20241130_eoef--AccmVal_pid_z6GYnmO9fCVh" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11/30/24</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">109100.00</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">110289.53</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">105434.10</div></td></tr> <tr id="xdx_43B_c20241101__20241231_eoef--AccmVal_pid_zgJCOPtUJe61" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">99902.87</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">101179.61</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">102924.77</div></td></tr> <tr id="xdx_432_c20241101__20250131_eoef--AccmVal_pid_zArHJxfYho8i" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">103849.03</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">103830.52</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">105786.08</div></td></tr> <tr id="xdx_435_c20241101__20250228_eoef--AccmVal_pid_zLTkt8blchKh" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">02/28/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">100017.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">98275.59</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">104410.86</div></td></tr> <tr id="xdx_430_c20241101__20250331_eoef--AccmVal_pid_zNhUgacqr0T1" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">97196.52</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">91583.02</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">98532.53</div></td></tr> <tr id="xdx_43C_c20241101__20250430_eoef--AccmVal_pid_zNvkGfYAZip8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">04/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">93707.17</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">89467.45</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">97862.51</div></td></tr> <tr id="xdx_433_c20241101__20250531_eoef--AccmVal_pid_zt3YEYD0mG79" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">05/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">99001.62</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">94245.01</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">104018.06</div></td></tr> <tr id="xdx_43A_c20241101__20250630_eoef--AccmVal_pid_zE8awlBbuI9" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">100912.36</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">99371.94</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">109312.58</div></td></tr> <tr id="xdx_439_c20241101__20250731_eoef--AccmVal_pid_zKiKHCU1tHMg" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">07/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">100801.35</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">101091.08</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">111761.18</div></td></tr> <tr id="xdx_43C_c20241101__20250831_eoef--AccmVal_pid_zABS0UR6wtzg" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">08/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">107111.52</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">108308.98</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">114029.93</div></td></tr> <tr id="xdx_432_c20241101__20250930_eoef--AccmVal_pid_z5zsWz4WWhJ" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">105644.09</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">111677.39</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">118192.02</div></td></tr> <tr id="xdx_438_c20241101__20251031_eoef--AccmVal_pid_zV3xhBLzlo3h" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">102601.54</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">113698.75</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">120957.72</div></td></tr> <tr id="xdx_43F_c20241101__20251130_eoef--AccmVal_pid_z4pDjf66Ltm7" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">106541.44</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">114790.26</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">121260.11</div></td></tr> <tr id="xdx_436_c20241101__20251231_eoef--AccmVal_pid_zX8oFarCf2Qf" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">108853.39</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">114124.48</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">121332.87</div></td></tr> <tr id="xdx_43A_c20241101__20260131_eoef--AccmVal_pid_zW8oIjXZx23d" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">01/31/2026</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">115275.74</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">120230.13</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">123092.19</div></td></tr> <tr id="xdx_438_c20241101__20260228_eoef--AccmVal_pid_zObH6Qd94tQ" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">02/28/2026</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">115529.34</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">121191.98</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">122156.69</div></td></tr> <tr id="xdx_432_c20241101__20260331_eoef--AccmVal_pid_z0lSiuSgRgk3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2026</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">112202.1</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">115132.38</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">116073.29</div></td></tr> </table></div></div><img alt="line" src="qes3zqgh1mpfrjzks.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> 100000.00 100000.00 100000.00 109100.00 110289.53 105434.10 99902.87 101179.61 102924.77 103849.03 103830.52 105786.08 100017.0 98275.59 104410.86 97196.52 91583.02 98532.53 93707.17 89467.45 97862.51 99001.62 94245.01 104018.06 100912.36 99371.94 109312.58 100801.35 101091.08 111761.18 107111.52 108308.98 114029.93 105644.09 111677.39 118192.02 102601.54 113698.75 120957.72 106541.44 114790.26 121260.11 108853.39 114124.48 121332.87 115275.74 120230.13 123092.19 115529.34 121191.98 122156.69 112202.1 115132.38 116073.29 <p id="xdx_804_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000177799Member_dU_zXQDlrbUypa4" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 1pt; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0"><b style="box-sizing: border-box">AVERAGE ANNUAL TOTAL RETURNS</b></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">One Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Since Inception</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Pear Tree Polaris Small Cap Fund R6 Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_908_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000177799Member_zN4nl0o022E6">15.45</span>%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_902_eoef--AvgAnnlRtrPct_dp_c20241101__20260331__oef--ClassAxis__custom--C000177799Member_zILGloADBZT3">8.51</span>%</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Russell 2000</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_908_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--BroadBasedIndexAxis__custom--Russell2000Member_z51wHj8radV1">25.73</span>%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90B_eoef--AvgAnnlRtrPct_dp_c20241101__20260331__oef--BroadBasedIndexAxis__custom--Russell2000Member_z8TyH5eN1Da5">10.52</span>%</span></div></td></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">S&amp;P 500</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_903_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--BroadBasedIndexAxis__custom--SandP500TotalReturnIndexMember_zBQjvc1Xmsma">17.80</span>%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_900_eoef--AvgAnnlRtrPct_dp_c20241101__20260331__oef--BroadBasedIndexAxis__custom--SandP500TotalReturnIndexMember_z8YpEFIdoH3">11.14</span>%</span></div></td></tr> </table></div></div></div> 0.1545 0.0851 0.2573 0.1052 0.1780 0.1114 Neither the Fund’s returns nor the index returns reflect the deduction of taxes that a shareholder would pay on fund distributions or redemptions of Fund shares. <span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt">Visit </span></span><span style="box-sizing: border-box; font-family: Kohinoor Medium, Arial"><span style="box-sizing: border-box; font-size: 8pt">www.peartreefunds.com/pricesandperformance/</span></span><span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt"> for more recent performance information.</span></span> The Fund's past performance is not a good predictor of the Fund's future performance. <p id="xdx_808_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000177799Member_dD_zINW8wvKq8Pg" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">Key Fund Statistics</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Net Assets</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eus-gaap--AssetsNet_iE_c20250401__20260331__oef--ClassAxis__custom--C000177799Member_zHYu7tPQwFBf" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$92,052,337</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Holdings</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--HoldingsCount_iE_uHoldings_c20250401__20260331__oef--ClassAxis__custom--C000177799Member_z8SWpWCIT5H1" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">50</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Advisory Fee</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--AdvisoryFeesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000177799Member_ztGP8C7ZbYA5" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$733,315</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portfolio Turnover</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250401__20260331__oef--ClassAxis__custom--C000177799Member_z7RmFvIv5jqc" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">37%</span></div></td></tr> </table></div></div></div> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 12pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p> 92052337 50 733315 0.37 <div id="xdx_80E_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000177799Member_dD_zQlAYhMFU0S7" style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What did the Fund invest in?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p></div><div style="margin: 0; padding: 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">SECTOR ALLOCATION</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Financials</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177799Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_z7e4Z7A47VN7" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">25.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Industrials</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177799Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zHkFrsdWKkhd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">21.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Information Technology</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177799Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zRYdsEkfQeVe" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">9.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Real Estate</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177799Member__oef--IndustrySectorAxis__us-gaap--RealEstateMember_zesfOvROzTVl" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.7</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Health Care</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177799Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_zETcwzma7SE3" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Consumer Discretionary</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177799Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zpOWtPvmTRMf" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Materials</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177799Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zZAuBOXceBx6" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Consumer Staples</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177799Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zOAWiKqgrDD" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.9</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Energy</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177799Member__oef--IndustrySectorAxis__us-gaap--EnergySectorMember_zLdAkNKSE6cc" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.7</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Utilities</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177799Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zM4b4SNiqVR1" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Cash and Other Assets (Net)</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177799Member__oef--IndustrySectorAxis__custom--CashandOtherAssetsNetSectorMember_zjYbKFYivf2d" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.6</span></div></td></tr> </table></div></div></div></div></div></div> 0.250 0.213 0.092 0.087 0.085 0.084 0.052 0.049 0.047 0.025 0.016 <p id="xdx_806_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000177799Member_dD_znOJO0qktNi6" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">TOP TEN HOLDINGS</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Laureate Education, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177799Member__oef--LargestHoldingAxis__custom--LaureateEducationIncMember_zi2Q1UTXg0cl" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Lantheus Holdings, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177799Member__oef--LargestHoldingAxis__custom--LantheusHoldingsIncMember_z8KWZmr3Am76" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Northeast Bancorp</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177799Member__oef--LargestHoldingAxis__custom--NortheastBancorpMember_zWje2Rzpcd4h" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ingles Markets Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177799Member__oef--LargestHoldingAxis__custom--InglesMarketsIncMember_zNBS5gwEPAYg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">The Bank of N.T. Butterfield &amp; Son Limited</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177799Member__oef--LargestHoldingAxis__custom--TheBankofNTButterfieldandSonLimitedMember_zkrrK2FrjF5i" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">V2X, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177799Member__oef--LargestHoldingAxis__custom--V2XIncMember_z2vdjONgzEB2" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Black Hills Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177799Member__oef--LargestHoldingAxis__custom--BlackHillsCorporationMember_z8e2khCpNH8g" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">BOK Financial Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177799Member__oef--LargestHoldingAxis__custom--BOKFinancialCorporationMember_zc8ikRcx0iA1" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Plains Financial, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177799Member__oef--LargestHoldingAxis__custom--SouthPlainsFinancialIncMember_zHmbi38ASjVh" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Perdoceo Education Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177799Member__oef--LargestHoldingAxis__custom--PerdoceoEducationCorporationMember_zWLLChDjTlMc" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div></td></tr> </table></div></div></div> 0.027 0.027 0.026 0.026 0.026 0.026 0.025 0.025 0.025 0.025 <p id="xdx_802_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000177799Member_dD_zZ9Un6dLR0Ml" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 8pt 0 4pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How has the Fund changed?</p> <p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 58.68px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_903_eoef--UpdProspectusWebAddress_c20250401__20260331__oef--ClassAxis__custom--C000177799Member_zVs6J0nVHtQf">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_906_eoef--UpdProspectusPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000177799Member_zPi8n6WW3rog">1-800-326-2151</span> or <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_90C_eoef--UpdProspectusEmailAddress_c20250401__20260331__oef--ClassAxis__custom--C000177799Member_zgNlob2UUooi">info@peartreefunds.com</span></span></span> or by contacting your financial intermediary.</p> <p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 73.35px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">Effective December 5, 2025, a reverse stock split (the "Reverse Stock Split") of the issued and outstanding shares of Class R6 took place. As a result of the Reverse Stock Split, for each Class R6 share of the Fund a shareholder held, the shareholder received a proportional number of shares of Class R6 of the Fund with the same aggregate dollar value. The total dollar value of a shareholder's investment in Class R6 shares of the Fund was unchanged and each shareholder continued to own the same percentage (by value) of the Fund immediately following the Reverse Stock Split as the shareholder did immediately prior to the Reverse Stock Split. The Reverse Stock Split Ratio was 3.861 to 1.</p> <p style="font: normal 300 9pt/10pt Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p><p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 44.01px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">The Russell and the S&amp;P do not accept any liability for any errors or omissions in the indexes or data, and hereby expressly disclaim all warranties of originality, accuracy, completeness, timeliness, merchantability and fitness for a particular purpose. No party may rely on any indexes or data contained in this communication. Visit<span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"> <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"></span></span><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400">www.peartreefunds.com/fund-documents/</span></span> for additional legal notices &amp; disclaimers.</p> www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com Pear Tree Quality Fund Ordinary Shares USBOX This <span id="xdx_901_eoef--ShareholderReportAnnualOrSemiAnnual_c20250401__20260331__oef--ClassAxis__custom--C000025969Member_z3TjbIjSvxvc">annual shareholder report</span> contains information about Pear Tree Quality Fund (the "Fund") for the period April 1, 2025 to March 31, 2026. annual shareholder report You may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span id="xdx_90E_eoef--AddlInfoWebsite_c20250401__20260331__oef--ClassAxis__custom--C000025969Member_z62uOTt0cgL5">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_906_eoef--AddlInfoPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000025969Member_zwJjkANqbtT4">1-800-326-2151</span> or <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_906_eoef--AddlInfoEmail_c20250401__20260331__oef--ClassAxis__custom--C000025969Member_zqadJV94plh1">info@peartreefunds.com</span></span> or by contacting your financial intermediary. www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com <p id="xdx_805_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000025969Member_dD_zsoF7puVr8Bi" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What were the Fund's costs for the last year?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 5pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(based on hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: -2pt 0 7pt; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div></th></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ordinary Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_905_eoef--ExpensesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000025969Member_zJx8pbJ3efG1">117</span></span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_900_eoef--ExpenseRatioPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000025969Member_zP1i4Zr9LoG4">1.12</span>%</span></div></td></tr> </table></div></div></div> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -8pt; margin-bottom: 0"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -4pt; margin-bottom: 0"> </p> 117 0.0112 <p id="xdx_806_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000025969Member_dU_ztywBClN7Iel" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0"><b style="box-sizing: border-box">What affected the Fund’s performance this period?</b></p> <div style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; min-height: 57.56px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">Health Care, one of the most heavily weighted sectors in the portfolio, represented approximately 25% of total holdings. The significant overweight position in the sector, combined with weak performance from several holdings, detracted roughly 240 basis points from relative results during the period. Notable detractors within Health Care included UnitedHealth Group, which declined 47%, and Elevance Health, which fell 31%.</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; min-height: 28.78px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">In addition, three positions in the Information Technology sector contributed meaningfully to underperformance. In descending order, these were SAP (35.6%), Accenture (35%), and Salesforce (30%).</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; min-height: 14.39px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">The portfolio benefited from favorable performance in the Communication Services, Financials, and Real Estate sectors during the period.</p></div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; color: #000; line-height: 1pt; margin-top: -4pt; margin-bottom: 0"> </p> <p id="xdx_80B_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000025969Member_dU_zFZbtAIFzoBg" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 1pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How did the Fund perform over the past 10 years?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 15px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="box-sizing: border-box; color: #00549e"><span style="box-sizing: border-box; font-size: 9pt">CUMULATIVE PERFORMANCE</span></span></span> | March 31, 2016 through March 31, 2026</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(Initial Investment of $10,000)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Date</div></td> <td id="xdx_4B6_oef--ClassAxis_custom--C000025969Member_zePliercZFma" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pear Tree Quality Fund Ordinary Shares</div></td> <td id="xdx_4B3_oef--BroadBasedIndexAxis_custom--SandP500TotalReturnIndexMember_zzNrhpwvzxQ4" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">S&amp;P 500</div></td></tr> <tr id="xdx_439_c20160331__20160331_eoef--AccmVal_pid_zQvVf8CgqQSl" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10000.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10000.0</div></td></tr> <tr id="xdx_43B_c20160331__20160630_eoef--AccmVal_pid_zedyKbbtw4J9" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10251.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10246.0</div></td></tr> <tr id="xdx_43F_c20160331__20160930_eoef--AccmVal_pid_zr95jl2fm0wg" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10582.11</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10640.47</div></td></tr> <tr id="xdx_431_c20160331__20161231_eoef--AccmVal_pid_zz7doDtnbFj2" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10432.9</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11046.94</div></td></tr> <tr id="xdx_432_c20160331__20170331_eoef--AccmVal_pid_zpTQJqvuPDy3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11403.16</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11717.49</div></td></tr> <tr id="xdx_433_c20160331__20170630_eoef--AccmVal_pid_zjWGcGEhyCy3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12105.59</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12079.56</div></td></tr> <tr id="xdx_43D_c20160331__20170930_eoef--AccmVal_pid_zWbia8jI1Pd7" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12437.29</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12620.72</div></td></tr> <tr id="xdx_432_c20160331__20171231_eoef--AccmVal_pid_z7qKIX48Xl9c" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13401.18</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13458.74</div></td></tr> <tr id="xdx_436_c20160331__20180331_eoef--AccmVal_pid_z4FJtGDdAJmj" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13102.33</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13356.45</div></td></tr> <tr id="xdx_43E_c20160331__20180630_eoef--AccmVal_pid_z0OLrDt6yZbk" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13596.29</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13814.58</div></td></tr> <tr id="xdx_43D_c20160331__20180930_eoef--AccmVal_pid_zUKV9w57BY2a" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15036.14</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14879.68</div></td></tr> <tr id="xdx_437_c20160331__20181231_eoef--AccmVal_pid_zZzBDdhRN3pl" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13177.67</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12867.95</div></td></tr> <tr id="xdx_43E_c20160331__20190331_eoef--AccmVal_pid_zXroV1VujMpe" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14956.65</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14624.42</div></td></tr> <tr id="xdx_431_c20160331__20190630_eoef--AccmVal_pid_zy9OpuJBgb91" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15453.22</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15253.27</div></td></tr> <tr id="xdx_436_c20160331__20190930_eoef--AccmVal_pid_zLI2RzovT9F8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15765.37</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15512.58</div></td></tr> <tr id="xdx_43F_c20160331__20191231_eoef--AccmVal_pid_zxTyC0rPZkvc" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">17285.15</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16919.57</div></td></tr> <tr id="xdx_436_c20160331__20200331_eoef--AccmVal_pid_zqcdBQzfwSka" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14510.89</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13603.33</div></td></tr> <tr id="xdx_439_c20160331__20200630_eoef--AccmVal_pid_zNqTdFAwviLg" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16697.68</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16397.46</div></td></tr> <tr id="xdx_432_c20160331__20200930_eoef--AccmVal_pid_zJ6wl3KtF6Og" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">17911.6</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">17861.75</div></td></tr> <tr id="xdx_430_c20160331__20201231_eoef--AccmVal_pid_zflHwUYA509l" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">20508.78</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">20031.95</div></td></tr> <tr id="xdx_433_c20160331__20210331_eoef--AccmVal_pid_zgsJvq6nS9Mh" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">22030.53</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">21267.93</div></td></tr> <tr id="xdx_431_c20160331__20210630_eoef--AccmVal_pid_ztkQkgNW6LQa" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">24011.07</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">23086.33</div></td></tr> <tr id="xdx_438_c20160331__20210930_eoef--AccmVal_pid_zIswyU6Na0ek" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">23958.25</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">23220.23</div></td></tr> <tr id="xdx_430_c20160331__20211231_eoef--AccmVal_pid_zBWluyrthInl" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">26260.64</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">25781.43</div></td></tr> <tr id="xdx_438_c20160331__20220331_eoef--AccmVal_pid_zXHz1hQyEek3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">24377.75</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">24595.48</div></td></tr> <tr id="xdx_434_c20160331__20220630_eoef--AccmVal_pid_zq8PPyK3dnA7" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">21398.79</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">20635.61</div></td></tr> <tr id="xdx_435_c20160331__20220930_eoef--AccmVal_pid_zXZmlradfLHc" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">19920.13</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">19628.59</div></td></tr> <tr id="xdx_439_c20160331__20221231_eoef--AccmVal_pid_z5DQJI3G1vek" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">21967.92</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">21112.51</div></td></tr> <tr id="xdx_437_c20160331__20230331_eoef--AccmVal_pid_zh3QpytSzRYd" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">23942.84</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">22695.95</div></td></tr> <tr id="xdx_43F_c20160331__20230630_eoef--AccmVal_pid_zdgAZ8rBWYn" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">26483.17</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">24679.58</div></td></tr> <tr id="xdx_436_c20160331__20230930_eoef--AccmVal_pid_zP27WP2CLBOl" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">25325.86</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">23872.55</div></td></tr> <tr id="xdx_435_c20160331__20231231_eoef--AccmVal_pid_zUi7jgVhIcAf" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">28387.75</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">26663.25</div></td></tr> <tr id="xdx_439_c20160331__20240331_eoef--AccmVal_pid_zidhLKWALkJl" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">31385.5</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">29478.89</div></td></tr> <tr id="xdx_432_c20160331__20240630_eoef--AccmVal_pid_zYtP51765FOb" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">32553.04</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">30740.59</div></td></tr> <tr id="xdx_433_c20160331__20240930_eoef--AccmVal_pid_zLzPGlN3b7Wj" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">34340.2</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">32551.21</div></td></tr> <tr id="xdx_434_c20160331__20241231_eoef--AccmVal_pid_zua9GPUUZRdf" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">33498.87</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">33335.7</div></td></tr> <tr id="xdx_434_c20160331__20250331_eoef--AccmVal_pid_zmCzR0Cb2tB2" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">33230.88</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">31912.26</div></td></tr> <tr id="xdx_43D_c20160331__20250630_eoef--AccmVal_pid_zyx4sQfLhzk" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">35633.47</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">35403.46</div></td></tr> <tr id="xdx_432_c20160331__20250930_eoef--AccmVal_pid_zxlfgmVw3lOb" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">37272.61</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">38278.22</div></td></tr> <tr id="xdx_433_c20160331__20251231_eoef--AccmVal_pid_z5ZiEMFBEgCc" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">38897.7</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">39296.43</div></td></tr> <tr id="xdx_43B_c20160331__20260331_eoef--AccmVal_pid_zImQd1evTbI9" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2026</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">36225.42</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">37594.89</div></td></tr> </table></div></div><img alt="line" src="qesb1txzf1mpfqgaso.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> 10000.0 10000.0 10251.0 10246.0 10582.11 10640.47 10432.9 11046.94 11403.16 11717.49 12105.59 12079.56 12437.29 12620.72 13401.18 13458.74 13102.33 13356.45 13596.29 13814.58 15036.14 14879.68 13177.67 12867.95 14956.65 14624.42 15453.22 15253.27 15765.37 15512.58 17285.15 16919.57 14510.89 13603.33 16697.68 16397.46 17911.6 17861.75 20508.78 20031.95 22030.53 21267.93 24011.07 23086.33 23958.25 23220.23 26260.64 25781.43 24377.75 24595.48 21398.79 20635.61 19920.13 19628.59 21967.92 21112.51 23942.84 22695.95 26483.17 24679.58 25325.86 23872.55 28387.75 26663.25 31385.5 29478.89 32553.04 30740.59 34340.2 32551.21 33498.87 33335.7 33230.88 31912.26 35633.47 35403.46 37272.61 38278.22 38897.7 39296.43 36225.42 37594.89 <p id="xdx_804_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000025969Member_dU_z3Lkvw8m7Rii" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 1pt; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0"><b style="box-sizing: border-box">AVERAGE ANNUAL TOTAL RETURNS</b></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">One Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Five Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ten Year</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Pear Tree Quality Fund Ordinary Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90F_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000025969Member_zngVKbZAu8ai">9.01</span>%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90C_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--ClassAxis__custom--C000025969Member_z8LbarCHupyk">10.46</span>%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_906_eoef--AvgAnnlRtrPct_dp_c20160401__20260331__oef--ClassAxis__custom--C000025969Member_zuKH9Ixbvqn8">13.74</span>%</span></div></td></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">S&amp;P 500</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_906_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--BroadBasedIndexAxis__custom--SandP500TotalReturnIndexMember_zISrZFC8no0d">17.80</span>%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90B_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--BroadBasedIndexAxis__custom--SandP500TotalReturnIndexMember_zuLl8RM1hezb">12.06</span>%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_900_eoef--AvgAnnlRtrPct_dp_c20160401__20260331__oef--BroadBasedIndexAxis__custom--SandP500TotalReturnIndexMember_zXsVofsl6uK6">14.16</span>%</span></div></td></tr> </table></div></div></div> 0.0901 0.1046 0.1374 0.1780 0.1206 0.1416 Neither the Fund’s returns nor the index returns reflect the deduction of taxes that a shareholder would pay on fund distributions or redemptions of Fund shares. <span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt">Visit </span></span><span style="box-sizing: border-box; font-family: Kohinoor Medium, Arial"><span style="box-sizing: border-box; font-size: 8pt">www.peartreefunds.com/pricesandperformance/</span></span><span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt"> for more recent performance information.</span></span> The Fund's past performance is not a good predictor of the Fund's future performance. <p id="xdx_808_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000025969Member_dD_zvu7mHUuOCld" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">Key Fund Statistics</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Net Assets</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eus-gaap--AssetsNet_iE_c20250401__20260331__oef--ClassAxis__custom--C000025969Member_zuPAxaoYrRh" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$267,720,984</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Holdings</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--HoldingsCount_iE_uHoldings_c20250401__20260331__oef--ClassAxis__custom--C000025969Member_zKJAHYhEIES9" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">45</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Advisory Fee</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--AdvisoryFeesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000025969Member_zORLZ4EWpGKe" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$1,906,587</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portfolio Turnover</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250401__20260331__oef--ClassAxis__custom--C000025969Member_zuy0Xx7ziDY1" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">53%</span></div></td></tr> </table></div></div></div> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 12pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p> 267720984 45 1906587 0.53 <div id="xdx_80E_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000025969Member_dD_zcFHAmdWmmr" style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What did the Fund invest in?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p></div><div style="margin: 0; padding: 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">SECTOR ALLOCATION</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Information Technology</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025969Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_z6Fb9g0muP06" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">39.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Health Care</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025969Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_zQ1An0DJbH3d" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">24.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Communication Services</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025969Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zaByxdA603wg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">10.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Consumer Discretionary</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025969Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zmSTVuAVNkp2" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">10.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Consumer Staples</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025969Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zyPPwAh3zvth" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Financials</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025969Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zEyL8ZHMrcA1" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Industrials</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025969Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_ze0OhOXRhY0a" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Cash and Other Assets (Net)</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025969Member__oef--IndustrySectorAxis__custom--CashandOtherAssetsNetSectorMember_zNCaT6B7qqEb" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.2</span></div></td></tr> </table></div></div></div></div></div></div> 0.398 0.248 0.104 0.104 0.074 0.042 0.018 0.012 <p id="xdx_80B_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000025969Member_dD_zao4zeSPKw6j" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">TOP TEN HOLDINGS</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Microsoft Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025969Member__oef--LargestHoldingAxis__custom--MicrosoftCorporationMember_zYXrNFdxjtGl" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alphabet, Inc. Class A</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025969Member__oef--LargestHoldingAxis__custom--AlphabetIncClassAMember_zHLJd6vfZqKa" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Meta Platforms, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025969Member__oef--LargestHoldingAxis__custom--MetaPlatformsIncMember_zaLPMAPAExJc" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan Semiconductor Manufacturing Co., Ltd.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025969Member__oef--LargestHoldingAxis__custom--TaiwanSemiconductorManufacturingCoLtdMember_zF7GSekfJlN1" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Apple, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025969Member__oef--LargestHoldingAxis__custom--AppleIncMember_zfy44hbanBv1" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Johnson &amp; Johnson</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025969Member__oef--LargestHoldingAxis__custom--JohnsonandJohnsonMember_z3s2Gzsc42a2" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Lam Research Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025969Member__oef--LargestHoldingAxis__custom--LamResearchCorporationMember_zGC7NaospAk1" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Amazon.com, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025969Member__oef--LargestHoldingAxis__custom--AmazoncomIncMember_zGb0Sg39uhkl" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Thermo Fisher Scientific, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025969Member__oef--LargestHoldingAxis__custom--ThermoFisherScientificIncMember_zin3I43BoSa7" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Accenture Plc</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025969Member__oef--LargestHoldingAxis__custom--AccenturePlcMember_zdKd5GHLagq6" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div></td></tr> </table></div></div></div> 0.056 0.056 0.048 0.046 0.044 0.041 0.040 0.038 0.038 0.028 <p id="xdx_808_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000025969Member_dD_z6zJ1hB3pU72" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 8pt 0 4pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How has the Fund changed?</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 57.56px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_901_eoef--UpdProspectusWebAddress_c20250401__20260331__oef--ClassAxis__custom--C000025969Member_zI2jF0V8JVqc">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_90C_eoef--UpdProspectusPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000025969Member_zBZTYfczlm6g">1-800-326-2151</span> or <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_90B_eoef--UpdProspectusEmailAddress_c20250401__20260331__oef--ClassAxis__custom--C000025969Member_z6dgzY9k96ij">info@peartreefunds.com</span></span></span> or by contacting your financial intermediary.</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; min-height: 14.39px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">During the reporting period, there were no changes to the Ordinary Share Class.</p> <p style="font: normal 300 9pt/1pt Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p><p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; text-align-last: auto; display: block; min-height: 44.01px; align-content: center; box-sizing: border-box; color: #000; margin-left: 0; text-indent: 0; margin-right: 0; margin-top: 0">The S&amp;P does not accept any liability for any errors or omissions in the indexes or data, and hereby expressly disclaims all warranties of originality, accuracy, completeness, timeliness, merchantability and fitness for a particular purpose. No party may rely on any indexes or data contained in this communication. Visit <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400">www.peartreefunds.com/fund-documents/</span></span> for additional legal notices &amp; disclaimers.</p> www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com Pear Tree Quality Fund Institutional Shares QGIAX This <span id="xdx_90E_eoef--ShareholderReportAnnualOrSemiAnnual_c20250401__20260331__oef--ClassAxis__custom--C000025970Member_zs0rsDRATTs6">annual shareholder report</span> contains information about Pear Tree Quality Fund (the "Fund") for the period April 1, 2025 to March 31, 2026. annual shareholder report You may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span id="xdx_90D_eoef--AddlInfoWebsite_c20250401__20260331__oef--ClassAxis__custom--C000025970Member_zOCxU1wkV0Z3">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_905_eoef--AddlInfoPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000025970Member_zDQk9oFC2hR8">1-800-326-2151</span> or <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_905_eoef--AddlInfoEmail_c20250401__20260331__oef--ClassAxis__custom--C000025970Member_z9OksIUsGQAc">info@peartreefunds.com</span></span> or by contacting your financial intermediary. www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com <p id="xdx_804_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000025970Member_dD_zOdAhy3VbP9e" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What were the Fund's costs for the last year?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 5pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(based on hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: -2pt 0 7pt; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div></th></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Institutional Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_905_eoef--ExpensesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000025970Member_z2uiolH5WB7i">79</span></span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90B_eoef--ExpenseRatioPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000025970Member_zJMVPoKqLeJ8">0.75</span>%</span></div></td></tr> </table></div></div></div> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -8pt; margin-bottom: 0"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -4pt; margin-bottom: 0"> </p> 79 0.0075 <p id="xdx_80E_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000025970Member_dD_zR6YVsm5ewHd" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0"><b style="box-sizing: border-box">What affected the Fund’s performance this period?</b></p> <div style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; min-height: 57.56px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">Health Care, one of the most heavily weighted sectors in the portfolio, represented approximately 25% of total holdings. The significant overweight position in the sector, combined with weak performance from several holdings, detracted roughly 240 basis points from relative results during the period. Notable detractors within Health Care included UnitedHealth Group, which declined 47%, and Elevance Health, which fell 31%.</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; min-height: 28.78px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">In addition, three positions in the Information Technology sector contributed meaningfully to underperformance. In descending order, these were SAP (35.6%), Accenture (35%), and Salesforce (30%).</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; min-height: 14.39px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">The portfolio benefited from favorable performance in the Communication Services, Financials, and Real Estate sectors during the period.</p></div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; color: #000; line-height: 1pt; margin-top: -4pt; margin-bottom: 0"> </p> <p id="xdx_802_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000025970Member_dD_zSSWsFbKUcq" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 1pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How did the Fund perform over the past 10 years?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 15px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="box-sizing: border-box; color: #00549e"><span style="box-sizing: border-box; font-size: 9pt">CUMULATIVE PERFORMANCE</span></span></span> | March 31, 2016 through March 31, 2026</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(Initial Investment of $1,000,000)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Date</div></td> <td id="xdx_4B6_oef--ClassAxis_custom--C000025970Member_z93zYMeeeoo9" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pear Tree Quality Fund Institutional Shares</div></td> <td id="xdx_4B3_oef--BroadBasedIndexAxis_custom--SandP500TotalReturnIndexTwoMember_zjpVhBzZK8kh" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">S&amp;P 500</div></td></tr> <tr id="xdx_431_c20160331__20160331_eoef--AccmVal_pid_zEwTOjSonEue" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1000000.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1000000.0</div></td></tr> <tr id="xdx_437_c20160331__20160630_eoef--AccmVal_pid_z29lYk7ZZcKd" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1026000.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1024600.0</div></td></tr> <tr id="xdx_438_c20160331__20160930_eoef--AccmVal_pid_zyaaSKMFg3J8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1059550.2</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1064047.1</div></td></tr> <tr id="xdx_431_c20160331__20161231_eoef--AccmVal_pid_zzvO3ljRTwrl" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1045564.14</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1104693.7</div></td></tr> <tr id="xdx_43E_c20160331__20170331_eoef--AccmVal_pid_zQnHbGno0PLb" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1143010.71</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1171748.61</div></td></tr> <tr id="xdx_434_c20160331__20170630_eoef--AccmVal_pid_zMJUQt4OtXnc" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1214677.49</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1207955.64</div></td></tr> <tr id="xdx_433_c20160331__20170930_eoef--AccmVal_pid_zJeVtBsVJRO" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1249052.86</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1262072.05</div></td></tr> <tr id="xdx_434_c20160331__20171231_eoef--AccmVal_pid_zCACrnpOFyyc" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1347728.04</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1345873.64</div></td></tr> <tr id="xdx_43D_c20160331__20180331_eoef--AccmVal_pid_zZZtuJY8eHi" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1318347.56</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1335645.0</div></td></tr> <tr id="xdx_430_c20160331__20180630_eoef--AccmVal_pid_zd3Jlcz6erMg" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1370026.79</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1381457.62</div></td></tr> <tr id="xdx_431_c20160331__20180930_eoef--AccmVal_pid_zpKtdjS3JHhj" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1515934.64</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1487968.0</div></td></tr> <tr id="xdx_43A_c20160331__20181231_eoef--AccmVal_pid_z7HedHwe4hbg" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1329626.27</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1286794.73</div></td></tr> <tr id="xdx_43A_c20160331__20190331_eoef--AccmVal_pid_zp4dUIMbcHC6" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1510854.34</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1462442.21</div></td></tr> <tr id="xdx_43C_c20160331__20190630_eoef--AccmVal_pid_zBAaSglpImhl" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1562525.55</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1525327.22</div></td></tr> <tr id="xdx_439_c20160331__20190930_eoef--AccmVal_pid_zV4pT0A0F0zd" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1595494.84</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1551257.79</div></td></tr> <tr id="xdx_436_c20160331__20191231_eoef--AccmVal_pid_zqOVWEUKg0ri" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1750736.49</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1691956.87</div></td></tr> <tr id="xdx_430_c20160331__20200331_eoef--AccmVal_pid_zaLRkDmwnt18" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1471318.95</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1360333.32</div></td></tr> <tr id="xdx_43E_c20160331__20200630_eoef--AccmVal_pid_zx72f4cDmBuj" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1694665.16</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1639745.79</div></td></tr> <tr id="xdx_438_c20160331__20200930_eoef--AccmVal_pid_zhsSUXQX47g7" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1819223.05</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1786175.08</div></td></tr> <tr id="xdx_43D_c20160331__20201231_eoef--AccmVal_pid_zmMTbl25p45l" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2085193.46</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2003195.36</div></td></tr> <tr id="xdx_43C_c20160331__20210331_eoef--AccmVal_pid_zyGvuEomhjB" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2242417.05</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2126792.51</div></td></tr> <tr id="xdx_43B_c20160331__20210630_eoef--AccmVal_pid_zoOJ3aaZdADa" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2446701.24</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2308633.27</div></td></tr> <tr id="xdx_434_c20160331__20210930_eoef--AccmVal_pid_zs6maf6HAMVg" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2443765.2</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2322023.34</div></td></tr> <tr id="xdx_434_c20160331__20211231_eoef--AccmVal_pid_zflNZHr1MdMf" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2680077.3</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2578142.52</div></td></tr> <tr id="xdx_43F_c20160331__20220331_eoef--AccmVal_pid_zdOF72FMYo2h" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2491131.85</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2459547.96</div></td></tr> <tr id="xdx_438_c20160331__20220630_eoef--AccmVal_pid_zEoOHJctucNe" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2189206.67</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2063560.74</div></td></tr> <tr id="xdx_437_c20160331__20220930_eoef--AccmVal_pid_zRqcMnhc5pe8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2039246.01</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1962858.98</div></td></tr> <tr id="xdx_43B_c20160331__20221231_eoef--AccmVal_pid_zxtjt6mbRin" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2250919.75</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2111251.11</div></td></tr> <tr id="xdx_433_c20160331__20230331_eoef--AccmVal_pid_zBFEAPTtP6Mi" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2456878.9</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2269594.95</div></td></tr> <tr id="xdx_438_c20160331__20230630_eoef--AccmVal_pid_zVwfO1CPGPVi" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2720010.63</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2467957.55</div></td></tr> <tr id="xdx_43C_c20160331__20230930_eoef--AccmVal_pid_z8DaEchwgRg7" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2603322.18</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2387255.33</div></td></tr> <tr id="xdx_43F_c20160331__20231231_eoef--AccmVal_pid_zaAYEFpa0ht1" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2920146.49</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2666325.48</div></td></tr> <tr id="xdx_43C_c20160331__20240331_eoef--AccmVal_pid_zG65Utksghe2" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3232602.16</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2947889.45</div></td></tr> <tr id="xdx_43F_c20160331__20240630_eoef--AccmVal_pid_z6DtCBKYjYyi" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3356734.08</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3074059.12</div></td></tr> <tr id="xdx_430_c20160331__20240930_eoef--AccmVal_pid_zcuCncRObDh9" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3544039.85</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3255121.21</div></td></tr> <tr id="xdx_430_c20160331__20241231_eoef--AccmVal_pid_zUuvdlCPdIE" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3460400.51</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3333569.63</div></td></tr> <tr id="xdx_437_c20160331__20250331_eoef--AccmVal_pid_z1k28xLAPl08" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3436177.7</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3191226.2</div></td></tr> <tr id="xdx_430_c20160331__20250630_eoef--AccmVal_pid_zyBimuPK3BPa" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3687705.91</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3540346.35</div></td></tr> <tr id="xdx_431_c20160331__20250930_eoef--AccmVal_pid_zviRxgCDMTm" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3860290.55</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3827822.47</div></td></tr> <tr id="xdx_439_c20160331__20251231_eoef--AccmVal_pid_zdgswmwWXUpb" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">4032845.53</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3929642.55</div></td></tr> <tr id="xdx_432_c20160331__20260331_eoef--AccmVal_pid_zuvtO6Zn27Jk" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2026</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3759418.61</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">3759489.03</div></td></tr> </table></div></div><img alt="line" src="qesb1txzf1mpfqwcj3.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> 1000000.0 1000000.0 1026000.0 1024600.0 1059550.2 1064047.1 1045564.14 1104693.7 1143010.71 1171748.61 1214677.49 1207955.64 1249052.86 1262072.05 1347728.04 1345873.64 1318347.56 1335645.0 1370026.79 1381457.62 1515934.64 1487968.0 1329626.27 1286794.73 1510854.34 1462442.21 1562525.55 1525327.22 1595494.84 1551257.79 1750736.49 1691956.87 1471318.95 1360333.32 1694665.16 1639745.79 1819223.05 1786175.08 2085193.46 2003195.36 2242417.05 2126792.51 2446701.24 2308633.27 2443765.2 2322023.34 2680077.3 2578142.52 2491131.85 2459547.96 2189206.67 2063560.74 2039246.01 1962858.98 2250919.75 2111251.11 2456878.9 2269594.95 2720010.63 2467957.55 2603322.18 2387255.33 2920146.49 2666325.48 3232602.16 2947889.45 3356734.08 3074059.12 3544039.85 3255121.21 3460400.51 3333569.63 3436177.7 3191226.2 3687705.91 3540346.35 3860290.55 3827822.47 4032845.53 3929642.55 3759418.61 3759489.03 <p id="xdx_804_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000025970Member_dU_zm75kpZEUeE7" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 1pt; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0"><b style="box-sizing: border-box">AVERAGE ANNUAL TOTAL RETURNS</b></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">One Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Five Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ten Year</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Pear Tree Quality Fund Institutional Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_907_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000025970Member_z4yt0ypiiebc">9.41</span>%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90D_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--ClassAxis__custom--C000025970Member_zZYxN5ZBmaM9">10.89</span>%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90F_eoef--AvgAnnlRtrPct_dp_c20160401__20260331__oef--ClassAxis__custom--C000025970Member_zt8Rg5QK6Q8i">14.16</span>%</span></div></td></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">S&amp;P 500</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_905_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--BroadBasedIndexAxis__custom--SandP500TotalReturnIndexMember_zSKcIZv34RA">17.80</span>%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_900_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--BroadBasedIndexAxis__custom--SandP500TotalReturnIndexMember_z0LqL1XcbiJ3">12.06</span>%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_901_eoef--AvgAnnlRtrPct_dp_c20160401__20260331__oef--BroadBasedIndexAxis__custom--SandP500TotalReturnIndexMember_z8Ahaw38tHG4">14.16</span>%</span></div></td></tr> </table></div></div></div> 0.0941 0.1089 0.1416 0.1780 0.1206 0.1416 Neither the Fund’s returns nor the index returns reflect the deduction of taxes that a shareholder would pay on fund distributions or redemptions of Fund shares. <span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt">Visit </span></span><span style="box-sizing: border-box; font-family: Kohinoor Medium, Arial"><span style="box-sizing: border-box; font-size: 8pt">www.peartreefunds.com/pricesandperformance/</span></span><span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt"> for more recent performance information.</span></span> The Fund's past performance is not a good predictor of the Fund's future performance. <p id="xdx_800_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000025970Member_dD_z1MJNabI2OY4" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">Key Fund Statistics</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Net Assets</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eus-gaap--AssetsNet_iE_c20250401__20260331__oef--ClassAxis__custom--C000025970Member_zGtOvhZgs4k6" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$267,720,984</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Holdings</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--HoldingsCount_iE_uHoldings_c20250401__20260331__oef--ClassAxis__custom--C000025970Member_zW8UQ27OblO" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">45</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Advisory Fee</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--AdvisoryFeesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000025970Member_zxTA6r27ZmWe" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$1,906,587</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portfolio Turnover</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250401__20260331__oef--ClassAxis__custom--C000025970Member_zF6qDX1Chy2c" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">53%</span></div></td></tr> </table></div></div></div> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 12pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p> 267720984 45 1906587 0.53 <div id="xdx_80E_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000025970Member_dD_zhrrVUsilwU9" style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What did the Fund invest in?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p></div><div style="margin: 0; padding: 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">SECTOR ALLOCATION</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Information Technology</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025970Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zR3fn9hzDlK" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">39.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Health Care</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025970Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_zFSrCVpxWxw3" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">24.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Communication Services</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025970Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zb5diLR6bnPg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">10.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Consumer Discretionary</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025970Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zV3wMfVMMNoj" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">10.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Consumer Staples</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025970Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zvmhZBHjqrVd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Financials</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025970Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_z6maI3SUHzf6" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Industrials</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025970Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_z3pokuFER1Zi" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Cash and Other Assets (Net)</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025970Member__oef--IndustrySectorAxis__custom--CashandOtherAssetsNetSectorMember_z2cHSYTgkQs3" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.2</span></div></td></tr> </table></div></div></div></div></div></div> 0.398 0.248 0.104 0.104 0.074 0.042 0.018 0.012 <p id="xdx_80B_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000025970Member_dD_zoJEPo3sTy3d" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">TOP TEN HOLDINGS</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Microsoft Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025970Member__oef--LargestHoldingAxis__custom--MicrosoftCorporationMember_zm5HKdJNdUF2" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alphabet, Inc. Class A</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025970Member__oef--LargestHoldingAxis__custom--AlphabetIncClassAMember_zQ9yY0gRXw0f" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Meta Platforms, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025970Member__oef--LargestHoldingAxis__custom--MetaPlatformsIncMember_zCB1qKngoRRj" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan Semiconductor Manufacturing Co., Ltd.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025970Member__oef--LargestHoldingAxis__custom--TaiwanSemiconductorManufacturingCoLtdMember_zWMNsiMlAevd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Apple, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025970Member__oef--LargestHoldingAxis__custom--AppleIncMember_zZMy8fviTdQ7" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Johnson &amp; Johnson</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025970Member__oef--LargestHoldingAxis__custom--JohnsonandJohnsonMember_zzmcZKvkfn96" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Lam Research Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025970Member__oef--LargestHoldingAxis__custom--LamResearchCorporationMember_zrjpK18wn8S7" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Amazon.com, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025970Member__oef--LargestHoldingAxis__custom--AmazoncomIncMember_zjJVJVlyRCf6" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Thermo Fisher Scientific, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025970Member__oef--LargestHoldingAxis__custom--ThermoFisherScientificIncMember_zS4YiqRVB3o1" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Accenture Plc</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025970Member__oef--LargestHoldingAxis__custom--AccenturePlcMember_zu3VhY5eKLx4" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div></td></tr> </table></div></div></div> 0.056 0.056 0.048 0.046 0.044 0.041 0.040 0.038 0.038 0.028 <p id="xdx_807_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000025970Member_dD_znkPhO27f2w6" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 8pt 0 4pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How has the Fund changed?</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 57.56px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_901_eoef--UpdProspectusWebAddress_c20250401__20260331__oef--ClassAxis__custom--C000025970Member_zGyDmSGDmhAk">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_906_eoef--UpdProspectusPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000025970Member_zH6QZctZ1ybi">1-800-326-2151</span> or <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_90C_eoef--UpdProspectusEmailAddress_c20250401__20260331__oef--ClassAxis__custom--C000025970Member_zf2oIIczCrPf">info@peartreefunds.com</span></span></span> or by contacting your financial intermediary.</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; min-height: 14.39px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">During the reporting period, there were no changes to the Institutional Share Class.</p> <p style="font: normal 300 9pt/1pt Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p><p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; text-align-last: auto; display: block; min-height: 44.01px; align-content: center; box-sizing: border-box; color: #000; margin-left: 0; text-indent: 0; margin-right: 0; margin-top: 0">The S&amp;P does not accept any liability for any errors or omissions in the indexes or data, and hereby expressly disclaims all warranties of originality, accuracy, completeness, timeliness, merchantability and fitness for a particular purpose. No party may rely on any indexes or data contained in this communication. Visit <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400">www.peartreefunds.com/fund-documents/</span></span> for additional legal notices &amp; disclaimers.</p> www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com Pear Tree Quality Fund R6 Shares QGIRX This report describes changes to the Fund that occurred during the reporting period. This <span id="xdx_90D_eoef--ShareholderReportAnnualOrSemiAnnual_c20250401__20260331__oef--ClassAxis__custom--C000177798Member_zaYUWnwfDw6j">annual shareholder report</span> contains information about Pear Tree Quality Fund (the "Fund") for the period April 1, 2025 to March 31, 2026. annual shareholder report You may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span id="xdx_908_eoef--AddlInfoWebsite_c20250401__20260331__oef--ClassAxis__custom--C000177798Member_zCayboRcELCb">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_909_eoef--AddlInfoPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000177798Member_zfSWO4gMEEbk">1-800-326-2151</span> or <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_90B_eoef--AddlInfoEmail_c20250401__20260331__oef--ClassAxis__custom--C000177798Member_znM6vBkZgtig">info@peartreefunds.com</span></span> or by contacting your financial intermediary. www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com <p id="xdx_802_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000177798Member_dD_zZvY6bCUdjc2" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What were the Fund's costs for the last year?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 5pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(based on hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: -2pt 0 7pt; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div></th></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">R6 Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_901_eoef--ExpensesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000177798Member_zemFhbtO8SEf">67</span></span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90F_eoef--ExpenseRatioPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000177798Member_zc7bu5Md92al">0.64</span>%</span></div></td></tr> </table></div></div></div> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -8pt; margin-bottom: 0"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -4pt; margin-bottom: 0"> </p> 67 0.0064 <p id="xdx_802_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000177798Member_dD_z9fKeBPnv8La" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0"><b style="box-sizing: border-box">What affected the Fund’s performance this period?</b></p> <div style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; min-height: 57.56px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">Health Care, one of the most heavily weighted sectors in the portfolio, represented approximately 25% of total holdings. The significant overweight position in the sector, combined with weak performance from several holdings, detracted roughly 240 basis points from relative results during the period. Notable detractors within Health Care included UnitedHealth Group, which declined 47%, and Elevance Health, which fell 31%.</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; min-height: 28.78px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">In addition, three positions in the Information Technology sector contributed meaningfully to underperformance. In descending order, these were SAP (35.6%), Accenture (35%), and Salesforce (30%).</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; min-height: 14.39px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">The portfolio benefited from favorable performance in the Communication Services, Financials, and Real Estate sectors during the period.</p></div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; color: #000; line-height: 1pt; margin-top: -4pt; margin-bottom: 0"> </p> <p id="xdx_80D_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000177798Member_dD_z5PKat3nxqw8" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 1pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How did the Fund perform since inception?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 15px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="box-sizing: border-box; color: #00549e"><span style="box-sizing: border-box; font-size: 9pt">CUMULATIVE PERFORMANCE</span></span></span> | November 1, 2024 (Commencement of Operations) through March 31, 2026</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(Initial Investment of $100,000)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Date</div></td> <td id="xdx_4B2_oef--ClassAxis_custom--C000177798Member_zPo276S52vFb" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pear Tree Quality Fund R6 Shares</div></td> <td id="xdx_4B4_oef--BroadBasedIndexAxis_custom--SandP500TotalReturnIndexMember_zi05QVUw64B5" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">S&amp;P 500</div></td></tr> <tr id="xdx_435_c20241101__20241101_eoef--AccmVal_pid_zZLx9AWjrFi6" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11/01/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">100000.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">100000.00</div></td></tr> <tr id="xdx_434_c20241101__20241130_eoef--AccmVal_pid_zd0JOd2jYiIh" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">102600.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">105434.10</div></td></tr> <tr id="xdx_43A_c20241101__20241231_eoef--AccmVal_pid_zWoRGLXqVjQc" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">99932.4</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">102924.77</div></td></tr> <tr id="xdx_430_c20241101__20250131_eoef--AccmVal_pid_zf5UJJPn4aLi" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">105348.74</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">105786.08</div></td></tr> <tr id="xdx_431_c20241101__20250228_eoef--AccmVal_pid_zxcjOM3K193" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">02/28/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">103968.67</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">104410.86</div></td></tr> <tr id="xdx_43F_c20241101__20250331_eoef--AccmVal_pid_z96hCoVBmwZ8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">99310.87</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">98532.53</div></td></tr> <tr id="xdx_430_c20241101__20250430_eoef--AccmVal_pid_z1S5T0JavRfe" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">04/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">98307.83</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">97862.51</div></td></tr> <tr id="xdx_436_c20241101__20250531_eoef--AccmVal_pid_zBfHLQELSOK7" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">05/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">101958.98</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">104018.06</div></td></tr> <tr id="xdx_43F_c20241101__20250630_eoef--AccmVal_pid_zABiEXMTE9Dk" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">106618.51</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">109312.58</div></td></tr> <tr id="xdx_433_c20241101__20250731_eoef--AccmVal_pid_zj0yvYbdBNlk" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">07/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">104603.42</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">111761.18</div></td></tr> <tr id="xdx_431_c20241101__20250831_eoef--AccmVal_pid_zP2R7DDYIohk" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">08/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">107751.98</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">114029.93</div></td></tr> <tr id="xdx_433_c20241101__20250930_eoef--AccmVal_pid_z5zuZuxonXH7" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">111652.6</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">118192.02</div></td></tr> <tr id="xdx_434_c20241101__20251031_eoef--AccmVal_pid_z7VSdfqbOW76" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">114041.97</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">120957.72</div></td></tr> <tr id="xdx_432_c20241101__20251130_eoef--AccmVal_pid_zXjMO8z2QPT1" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">115547.32</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">121260.11</div></td></tr> <tr id="xdx_437_c20241101__20251231_eoef--AccmVal_pid_zHcmKphVstXa" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">116772.13</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">121332.87</div></td></tr> <tr id="xdx_43E_c20241101__20260131_eoef--AccmVal_pid_zb9xiLgTu3T4" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">01/31/2026</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">118803.96</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">123092.19</div></td></tr> <tr id="xdx_435_c20241101__20260228_eoef--AccmVal_pid_zYaGKG1yHWO2" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">02/28/2026</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">117782.25</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">122156.69</div></td></tr> <tr id="xdx_43C_c20241101__20260331_eoef--AccmVal_pid_zlXsXvCsunQi" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2026</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">108925.02</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">116073.29</div></td></tr> </table></div></div><img alt="line" src="qesb1txzf1mpfrqwo1.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> 100000.0 100000.00 102600.0 105434.10 99932.4 102924.77 105348.74 105786.08 103968.67 104410.86 99310.87 98532.53 98307.83 97862.51 101958.98 104018.06 106618.51 109312.58 104603.42 111761.18 107751.98 114029.93 111652.6 118192.02 114041.97 120957.72 115547.32 121260.11 116772.13 121332.87 118803.96 123092.19 117782.25 122156.69 108925.02 116073.29 <p style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 1pt; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0"><b style="box-sizing: border-box">AVERAGE ANNUAL TOTAL RETURNS</b></p> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">One Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Since Inception</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Pear Tree Quality Fund R6 Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_903_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000177798Member_zQyWmDheMXEe">9.68</span>%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_908_eoef--AvgAnnlRtrPct_dp_c20241101__20260331__oef--ClassAxis__custom--C000177798Member_zWvugugd7Ec8">6.24</span>%</span></div></td></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">S&amp;P 500</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90D_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--BroadBasedIndexAxis__custom--SandP500TotalReturnIndexMember_zC5dRTjpj504">17.80</span>%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90B_eoef--AvgAnnlRtrPct_dp_c20241101__20260331__oef--BroadBasedIndexAxis__custom--SandP500TotalReturnIndexMember_zVY3UgyF6pO4">11.14</span>%</span></div></td></tr> </table> 0.0968 0.0624 0.1780 0.1114 Neither the Fund’s returns nor the index returns reflect the deduction of taxes that a shareholder would pay on fund distributions or redemptions of Fund shares. <span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt">Visit </span></span><span style="box-sizing: border-box; font-family: Kohinoor Medium, Arial"><span style="box-sizing: border-box; font-size: 8pt">www.peartreefunds.com/pricesandperformance/</span></span><span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt"> for more recent performance information.</span></span> The Fund's past performance is not a good predictor of the Fund's future performance. <p id="xdx_808_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000177798Member_dD_z8oMG85mDDKd" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">Key Fund Statistics</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Net Assets</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eus-gaap--AssetsNet_iE_c20250401__20260331__oef--ClassAxis__custom--C000177798Member_zz5sPoHJoDo4" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$267,720,984</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Holdings</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--HoldingsCount_iE_uHoldings_c20250401__20260331__oef--ClassAxis__custom--C000177798Member_zAbWCtVnFSD2" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">45</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Advisory Fee</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--AdvisoryFeesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000177798Member_zYU37Keg1O2e" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$1,906,587</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portfolio Turnover</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250401__20260331__oef--ClassAxis__custom--C000177798Member_z7Fij6BuutE5" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">53%</span></div></td></tr> </table></div></div></div> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 12pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p> 267720984 45 1906587 0.53 <div id="xdx_80E_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000177798Member_dD_zPPqUa1g4Ga6" style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What did the Fund invest in?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p></div><div style="margin: 0; padding: 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">SECTOR ALLOCATION</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Information Technology</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177798Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zrJq72vmUfOb" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">39.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Health Care</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177798Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_zq2qnyWYzn6h" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">24.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Communication Services</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177798Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zmGi5JKOksF5" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">10.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Consumer Discretionary</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177798Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zvweBoNfySuh" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">10.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Consumer Staples</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177798Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_z1U4IagE8NP8" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Financials</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177798Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zcBEw6Tu1Xwj" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Industrials</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177798Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zFkuK7cu4BY4" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Cash and Other Assets (Net)</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177798Member__oef--IndustrySectorAxis__custom--CashandOtherAssetsNetSectorMember_zOIWHtCGjmH2" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.2</span></div></td></tr> </table></div></div></div></div></div></div> 0.398 0.248 0.104 0.104 0.074 0.042 0.018 0.012 <p id="xdx_807_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000177798Member_dD_zgqUaUjIZe5l" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">TOP TEN HOLDINGS</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Microsoft Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177798Member__oef--LargestHoldingAxis__custom--MicrosoftCorporationMember_zcBYd7sB4Yd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alphabet, Inc. Class A</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177798Member__oef--LargestHoldingAxis__custom--AlphabetIncClassAMember_zlPp8D65ol9f" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Meta Platforms, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177798Member__oef--LargestHoldingAxis__custom--MetaPlatformsIncMember_z24DjlijUKda" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan Semiconductor Manufacturing Co., Ltd.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177798Member__oef--LargestHoldingAxis__custom--TaiwanSemiconductorManufacturingCoLtdMember_z2nWXeIqqm6e" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Apple, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177798Member__oef--LargestHoldingAxis__custom--AppleIncMember_z9nYWWBoP1Oi" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Johnson &amp; Johnson</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177798Member__oef--LargestHoldingAxis__custom--JohnsonandJohnsonMember_zBDvHZRqrqti" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Lam Research Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177798Member__oef--LargestHoldingAxis__custom--LamResearchCorporationMember_zG6RXpF7PSZf" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Amazon.com, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177798Member__oef--LargestHoldingAxis__custom--AmazoncomIncMember_zd3uxKCsTvqc" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Thermo Fisher Scientific, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177798Member__oef--LargestHoldingAxis__custom--ThermoFisherScientificIncMember_zBFtU5jAaLSg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Accenture Plc</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177798Member__oef--LargestHoldingAxis__custom--AccenturePlcMember_zd1ahCLUHxNd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.8</span></div></td></tr> </table></div></div></div> 0.056 0.056 0.048 0.046 0.044 0.041 0.040 0.038 0.038 0.028 <p id="xdx_80C_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000177798Member_dD_zSCiVQHvMkxj" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 8pt 0 4pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How has the Fund changed?</p> <p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 58.68px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_902_eoef--UpdProspectusWebAddress_c20250401__20260331__oef--ClassAxis__custom--C000177798Member_zGrw6f5d0Wa8">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_90B_eoef--UpdProspectusPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000177798Member_zYFhghzXtDi4">1-800-326-2151</span> or <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_909_eoef--UpdProspectusEmailAddress_c20250401__20260331__oef--ClassAxis__custom--C000177798Member_zsyJh1lOINgh">info@peartreefunds.com</span></span></span> or by contacting your financial intermediary.</p> <p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 73.35px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">Effective December 5, 2025, a reverse stock split (the "Reverse Stock Split") of the issued and outstanding shares of Class R6 took place. As a result of the Reverse Stock Split, for each Class R6 share of the Fund a shareholder held, the shareholder received a proportional number of shares of Class R6 of the Fund with the same aggregate dollar value. The total dollar value of a shareholder's investment in Class R6 shares of the Fund was unchanged and each shareholder continued to own the same percentage (by value) of the Fund immediately following the Reverse Stock Split as the shareholder did immediately prior to the Reverse Stock Split. The Reverse Stock Split Ratio was 3.258 to 1.</p> <p style="font: normal 300 9pt/10pt Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p><p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; text-align-last: auto; display: block; min-height: 44.01px; align-content: center; box-sizing: border-box; color: #000; margin-left: 0; text-indent: 0; margin-right: 0; margin-top: 0">The S&amp;P does not accept any liability for any errors or omissions in the indexes or data, and hereby expressly disclaims all warranties of originality, accuracy, completeness, timeliness, merchantability and fitness for a particular purpose. No party may rely on any indexes or data contained in this communication. Visit <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400">www.peartreefunds.com/fund-documents/</span></span> for additional legal notices &amp; disclaimers.</p> www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com Pear Tree Essex Environmental Opportunities Fund Ordinary Shares EEOFX This <span id="xdx_90E_eoef--ShareholderReportAnnualOrSemiAnnual_c20250401__20260331__oef--ClassAxis__custom--C000227703Member_zdxAxjjnbpY8">annual shareholder report</span> contains information about Pear Tree Essex Environmental Opportunities Fund (the "Fund") for the period April 1, 2025 to March 31, 2026. annual shareholder report You may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span id="xdx_904_eoef--AddlInfoWebsite_c20250401__20260331__oef--ClassAxis__custom--C000227703Member_zcT1YmqvZzr7">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_90E_eoef--AddlInfoPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000227703Member_zQTeImK3UWB4">1-800-326-2151</span> or <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_906_eoef--AddlInfoEmail_c20250401__20260331__oef--ClassAxis__custom--C000227703Member_zAVIpGsxhUgg">info@peartreefunds.com</span></span> or by contacting your financial intermediary. www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com <p id="xdx_805_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000227703Member_dD_zbWIh7fTOUO" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What were the Fund's costs for the last year?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 5pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(based on hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: -2pt 0 7pt; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div></th></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ordinary Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_904_eoef--ExpensesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000227703Member_zfXxJex6N24l">144</span></span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90B_eoef--ExpenseRatioPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000227703Member_zLr25hq6QtIl">1.22</span>%</span></div></td></tr> </table></div></div></div> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -8pt; margin-bottom: 0"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -4pt; margin-bottom: 0"> </p> 144 0.0122 <p id="xdx_80D_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000227703Member_dD_ze4wG016FNMh" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0"><b style="box-sizing: border-box">What affected the Fund’s performance this period?</b></p> <div style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; min-height: 100.73px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">The rapid advance of artificial intelligence has driven a significant uptick in energy demand, highlighting the need to increase our energy supply and upgrade and strengthen our electrical grid. The list of top contributors to the Fund’s performance over the past year were beneficiaries: turbine suppliers, electrical equipment suppliers, electrical grid and renewable energy contractors, and energy storage companies. Additionally, the continuation of the de-globalization of our economy due to tariff wars, national security concerns and other nationalistic behaviors has helped the Fund’s positions in companies that improve energy security, provide domestic sources of key materials and improve the efficiency of our supply chains. Most of the detractors to Fund performance were companies negatively impacted by fears that AI would disrupt their business models or companies experiencing slowdowns in their end markets due to economic uncertainty.</p></div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; color: #000; line-height: 1pt; margin-top: -4pt; margin-bottom: 0"> </p> <p id="xdx_80A_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000227703Member_dD_zwO2ok2LCdRg" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 1pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How did the Fund perform since inception?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 15px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="box-sizing: border-box; color: #00549e"><span style="box-sizing: border-box; font-size: 9pt">CUMULATIVE PERFORMANCE</span></span></span> | September 1, 2017 (Commencement of Operations) through March 31, 2026*</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(Initial Investment of $10,000)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Date</div></td> <td id="xdx_4B0_oef--ClassAxis_custom--C000227703Member_zGTIBcaiWL64" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pear Tree Essex Environmental Opportunities Fund Ordinary Shares</div></td> <td id="xdx_4B5_oef--BroadBasedIndexAxis_custom--MSCIWorldMember_zEHq8kF9Gg06" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">MSCI World</div></td></tr> <tr id="xdx_433_c20170901__20170901_eoef--AccmVal_pid_zo41CWUurXaj" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/01/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10000.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10000.0</div></td></tr> <tr id="xdx_438_c20170901__20170930_eoef--AccmVal_pid_zASMFD5LR0D3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10480.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10196.29</div></td></tr> <tr id="xdx_431_c20170901__20171231_eoef--AccmVal_pid_zK2nev2vYDW4" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10319.66</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10769.32</div></td></tr> <tr id="xdx_436_c20170901__20180331_eoef--AccmVal_pid_zKoKqWlu0Xsf" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10049.28</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10645.47</div></td></tr> <tr id="xdx_43C_c20170901__20180630_eoef--AccmVal_pid_zOq06bKfqjAf" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10049.28</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10850.93</div></td></tr> <tr id="xdx_43C_c20170901__20180930_eoef--AccmVal_pid_zizCBVExqiC8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10629.12</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11404.33</div></td></tr> <tr id="xdx_432_c20170901__20181231_eoef--AccmVal_pid_zonoAg3Rkaka" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">8689.31</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">9886.41</div></td></tr> <tr id="xdx_432_c20170901__20190331_eoef--AccmVal_pid_zH36spTakmWh" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">9979.67</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11137.04</div></td></tr> <tr id="xdx_43A_c20170901__20190630_eoef--AccmVal_pid_zh3ymw2QvUNa" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10619.37</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11604.8</div></td></tr> <tr id="xdx_430_c20170901__20190930_eoef--AccmVal_pid_z6sF5qExgmX6" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10419.72</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11681.39</div></td></tr> <tr id="xdx_434_c20170901__20191231_eoef--AccmVal_pid_zmBHGYNFO5Na" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10900.07</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12695.34</div></td></tr> <tr id="xdx_436_c20170901__20200331_eoef--AccmVal_pid_zRH2EHISi9T9" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">8360.36</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10038.2</div></td></tr> <tr id="xdx_432_c20170901__20200630_eoef--AccmVal_pid_zo7LWD0mNcq1" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10490.58</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11999.67</div></td></tr> <tr id="xdx_43E_c20170901__20200930_eoef--AccmVal_pid_zBHXCWvK5Dg7" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12860.4</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12965.64</div></td></tr> <tr id="xdx_439_c20170901__20201231_eoef--AccmVal_pid_zzkqJ9AZfml5" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">17740.92</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14789.91</div></td></tr> <tr id="xdx_431_c20170901__20210331_eoef--AccmVal_pid_zRRApPkxHQh1" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">18686.51</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15535.32</div></td></tr> <tr id="xdx_434_c20170901__20210630_eoef--AccmVal_pid_zmB6jEUV3oS4" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">20151.53</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16761.05</div></td></tr> <tr id="xdx_435_c20170901__20210930_eoef--AccmVal_pid_z3kHq2EJ374i" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">19206.42</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16776.14</div></td></tr> <tr id="xdx_43A_c20170901__20211231_eoef--AccmVal_pid_zCXrFcr8twdk" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">19675.06</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">18094.74</div></td></tr> <tr id="xdx_431_c20170901__20220331_eoef--AccmVal_pid_zHd8MLrgp8tj" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">17455.71</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">17182.77</div></td></tr> <tr id="xdx_438_c20170901__20220630_eoef--AccmVal_pid_zMSLiwa3L51e" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13603.24</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14424.93</div></td></tr> <tr id="xdx_433_c20170901__20220930_eoef--AccmVal_pid_zmEls3SprZ6c" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14057.59</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13547.9</div></td></tr> <tr id="xdx_434_c20170901__20221231_eoef--AccmVal_pid_zjdU8AzIqBcl" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14188.32</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14887.79</div></td></tr> <tr id="xdx_433_c20170901__20230331_eoef--AccmVal_pid_zfqtvkJ5Ca0c" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15011.24</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16060.94</div></td></tr> <tr id="xdx_43C_c20170901__20230630_eoef--AccmVal_pid_zidItOxD0j2l" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15746.79</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">17185.21</div></td></tr> <tr id="xdx_438_c20170901__20230930_eoef--AccmVal_pid_zVRJAvSPVgA9" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12910.8</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16607.79</div></td></tr> <tr id="xdx_433_c20170901__20231231_eoef--AccmVal_pid_zitC2swmgMdg" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13970.77</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">18522.66</div></td></tr> <tr id="xdx_431_c20170901__20240331_eoef--AccmVal_pid_zyAD7azU6rfb" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13765.4</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">20191.56</div></td></tr> <tr id="xdx_434_c20170901__20240630_eoef--AccmVal_pid_zMwUmycJkAS" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14274.72</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">20752.88</div></td></tr> <tr id="xdx_434_c20170901__20240930_eoef--AccmVal_pid_z89c6WqOJzPa" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15313.92</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">22093.52</div></td></tr> <tr id="xdx_433_c20170901__20241231_eoef--AccmVal_pid_zEZq2q1bcLYc" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14156.19</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">22078.05</div></td></tr> <tr id="xdx_43C_c20170901__20250331_eoef--AccmVal_pid_zcwa6KqvNT8b" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13030.77</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">21704.93</div></td></tr> <tr id="xdx_43A_c20170901__20250630_eoef--AccmVal_pid_zKYtEqTYbjfc" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15205.61</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">24229.22</div></td></tr> <tr id="xdx_430_c20170901__20250930_eoef--AccmVal_pid_zBRvO3BtvQb7" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">17358.72</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">26012.49</div></td></tr> <tr id="xdx_43A_c20170901__20251231_eoef--AccmVal_pid_zV8mjHxWjo0k" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">17478.5</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">26844.89</div></td></tr> <tr id="xdx_43E_c20170901__20260331_eoef--AccmVal_pid_zNAHkzFBgzhf" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2026</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">17543.17</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">25913.37</div></td></tr> </table></div></div><img alt="line" src="qesb1txzf1mpfr8pxd.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> 10000.0 10000.0 10480.0 10196.29 10319.66 10769.32 10049.28 10645.47 10049.28 10850.93 10629.12 11404.33 8689.31 9886.41 9979.67 11137.04 10619.37 11604.8 10419.72 11681.39 10900.07 12695.34 8360.36 10038.2 10490.58 11999.67 12860.4 12965.64 17740.92 14789.91 18686.51 15535.32 20151.53 16761.05 19206.42 16776.14 19675.06 18094.74 17455.71 17182.77 13603.24 14424.93 14057.59 13547.9 14188.32 14887.79 15011.24 16060.94 15746.79 17185.21 12910.8 16607.79 13970.77 18522.66 13765.4 20191.56 14274.72 20752.88 15313.92 22093.52 14156.19 22078.05 13030.77 21704.93 15205.61 24229.22 17358.72 26012.49 17478.5 26844.89 17543.17 25913.37 <p id="xdx_80C_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000227703Member_dD_ztkHH79qwsll" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 1pt; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0"><b style="box-sizing: border-box">AVERAGE ANNUAL TOTAL RETURNS</b>*</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">One Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Five Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Since Inception</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Pear Tree Essex Environmental Opportunities Fund Ordinary Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000227703Member_fKg_____zk34QF4V7hP6" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">34.63%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--ClassAxis__custom--C000227703Member_fKg_____zz6ixWhc9HP" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(1.26%)</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--AvgAnnlRtrPct_dp_c20170901__20260331__oef--ClassAxis__custom--C000227703Member_fKg_____zveEVQ7ElO0j" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.77%</span></div></td></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">MSCI World</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--BroadBasedIndexAxis__custom--MSCIWorldMember_fKg_____zlFfn1YUBi29" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">19.39%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--BroadBasedIndexAxis__custom--MSCIWorldMember_fKg_____zwnc4XHZc2sd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">10.77%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--AvgAnnlRtrPct_dp_c20170901__20260331__oef--BroadBasedIndexAxis__custom--MSCIWorldMember_fKg_____zvdX0KEEM7t3" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">11.73%</span></div></td></tr> </table></div></div></div> <div style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 4pt 0 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; display: block"> <table border="0" cellpadding="0" cellspacing="0" style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; width: 100%; color: #000"> <tr style="vertical-align: top"> <td id="xdx_F01_zli9IWYzGGEa">*</td> <td id="xdx_F16_zdJkC1jK7Stb">Performance for periods prior to September 1, 2021 represent the performance of Essex Environmental Opportunities Fund, the predecessor of the Fund.</td></tr> </table> </div> 0.3463 -0.0126 0.0677 0.1939 0.1077 0.1173 Neither the Fund’s returns nor the index returns reflect the deduction of taxes that a shareholder would pay on fund distributions or redemptions of Fund shares. <span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt">Visit </span></span><span style="box-sizing: border-box; font-family: Kohinoor Medium, Arial"><span style="box-sizing: border-box; font-size: 8pt">www.peartreefunds.com/pricesandperformance/</span></span><span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt"> for more recent performance information.</span></span> The Fund's past performance is not a good predictor of the Fund's future performance. <p id="xdx_801_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000227703Member_dD_zbo3tziGats9" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">Key Fund Statistics</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Net Assets</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eus-gaap--AssetsNet_iE_c20250401__20260331__oef--ClassAxis__custom--C000227703Member_zRmGSIcmnYo5" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$26,956,298</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Holdings</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--HoldingsCount_iE_uHoldings_c20250401__20260331__oef--ClassAxis__custom--C000227703Member_zKKWlZnuzSfa" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">38</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Advisory Fee</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--AdvisoryFeesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000227703Member_zvnbL93tNh8j" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$175,110</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portfolio Turnover</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250401__20260331__oef--ClassAxis__custom--C000227703Member_zGhdgHb6yryl" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">56%</span></div></td></tr> </table></div></div></div> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 12pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p> 26956298 38 175110 0.56 <div id="xdx_804_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000227703Member_dD_zGgP1pg2J4Uh" style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What did the Fund invest in?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p></div><div style="margin: 0; padding: 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">COUNTRY ALLOCATION</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: -2pt 0 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227703Member__oef--GeographicRegionAxis__country--US_zAdLZ3d1O4H7" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">69.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japan</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227703Member__oef--GeographicRegionAxis__country--JP_zVsAAwaBnfcb" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">11.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Germany</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227703Member__oef--GeographicRegionAxis__country--DE_zYuVoAtqWH84" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ireland</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227703Member__oef--GeographicRegionAxis__country--IE_z9c7ozcS3GPe" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Switzerland</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227703Member__oef--GeographicRegionAxis__country--CH_zEHo7hTid5Bb" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227703Member__oef--GeographicRegionAxis__country--CN_z08p3FSJbJci" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Netherlands</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227703Member__oef--GeographicRegionAxis__country--NL_z7zg1PnIPvLe" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.3</span></div></td></tr> </table></div></div></div></div></div></div> 0.692 0.114 0.076 0.036 0.029 0.027 0.013 <p id="xdx_80D_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000227703Member_dD_ziJPpc2CDct" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">TOP TEN HOLDINGS</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Infineon Technologies AG</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227703Member__oef--LargestHoldingAxis__custom--InfineonTechnologiesAGMember_zfmdbQ33hFv6" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Corteva, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227703Member__oef--LargestHoldingAxis__custom--CortevaIncMember_zLLG5wKmPi4c" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Badger Meter, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227703Member__oef--LargestHoldingAxis__custom--BadgerMeterIncMember_z4CaATMdDGM9" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Kingspan Group plc</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227703Member__oef--LargestHoldingAxis__custom--KingspanGroupplcMember_zk6hweyPysDb" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Advanced Drainage Systems, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227703Member__oef--LargestHoldingAxis__custom--AdvancedDrainageSystemsIncMember_zAiIHD4UfOUb" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Enphase Energy, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227703Member__oef--LargestHoldingAxis__custom--EnphaseEnergyIncMember_zW3MKfCtJ1rj" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Primoris Services Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227703Member__oef--LargestHoldingAxis__custom--PrimorisServicesCorporationMember_zP6aWp6k0pK5" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Keyence Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227703Member__oef--LargestHoldingAxis__custom--KeyenceCorporationMember_zUnFLX24tTFh" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Toray Industries, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227703Member__oef--LargestHoldingAxis__custom--TorayIndustriesIncMember_zYiNhPnbS5s1" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Cognex Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227703Member__oef--LargestHoldingAxis__custom--CognexCorporationMember_zcRvjHr6Sng" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div></td></tr> </table></div></div></div> 0.055 0.041 0.036 0.036 0.036 0.035 0.034 0.034 0.033 0.033 <p id="xdx_80C_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000227703Member_dD_zRgOAzGFGPP9" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 8pt 0 4pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How has the Fund changed?</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 57.56px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_903_eoef--UpdProspectusWebAddress_c20250401__20260331__oef--ClassAxis__custom--C000227703Member_zO1A96vnAKz2">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000227703Member_zEHlmMa0wmYf">1-800-326-2151</span> or <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_903_eoef--UpdProspectusEmailAddress_c20250401__20260331__oef--ClassAxis__custom--C000227703Member_zlZxGiRb4Bgj">info@peartreefunds.com</span></span></span> or by contacting your financial intermediary.</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; min-height: 14.39px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">During the reporting period, there were no changes to the Ordinary Share Class.</p> <p style="font: normal 300 9pt/1pt Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p><p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 44.01px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">The MSCI does not accept any liability for any errors or omissions in the indexes or data, and hereby expressly disclaims all warranties of originality, accuracy, completeness, timeliness, merchantability and fitness for a particular purpose. No party may rely on any indexes or data contained in this communication. Visit <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"></span><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"></span></span><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400">www.peartreefunds.com/fund-documents/</span></span> for additional legal notices &amp; disclaimers.</p> www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com Pear Tree Essex Environmental Opportunities Fund Institutional Shares GEOSX This <span id="xdx_90F_eoef--ShareholderReportAnnualOrSemiAnnual_c20250401__20260331__oef--ClassAxis__custom--C000227702Member_zXlIbKRUXdX3">annual shareholder report</span> contains information about Pear Tree Essex Environmental Opportunities Fund (the "Fund") for the period April 1, 2025 to March 31, 2026. annual shareholder report You may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span id="xdx_905_eoef--AddlInfoWebsite_c20250401__20260331__oef--ClassAxis__custom--C000227702Member_zDXEd8L1LIo5">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000227702Member_zRZkTakSRaec">1-800-326-2151</span> or <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_904_eoef--AddlInfoEmail_c20250401__20260331__oef--ClassAxis__custom--C000227702Member_zIzTVhDkcWe1">info@peartreefunds.com</span></span> or by contacting your financial intermediary. www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com <p id="xdx_80A_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000227702Member_dD_z3AMESHJbMSc" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What were the Fund's costs for the last year?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 5pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(based on hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: -2pt 0 7pt; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div></th></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Institutional Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_904_eoef--ExpensesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000227702Member_zyIjYOdpWPI9">115</span></span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_906_eoef--ExpenseRatioPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000227702Member_zJoA8etQ0Yl">0.98</span>%</span></div></td></tr> </table></div></div></div> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -8pt; margin-bottom: 0"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -4pt; margin-bottom: 0"> </p> 115 0.0098 <p id="xdx_804_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000227702Member_dD_z44y1FlJRdb7" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0"><b style="box-sizing: border-box">What affected the Fund’s performance this period?</b></p> <div style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; min-height: 100.73px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">The rapid advance of artificial intelligence has driven a significant uptick in energy demand, highlighting the need to increase our energy supply and upgrade and strengthen our electrical grid. The list of top contributors to the Fund’s performance over the past year were beneficiaries: turbine suppliers, electrical equipment suppliers, electrical grid and renewable energy contractors, and energy storage companies. Additionally, the continuation of the de-globalization of our economy due to tariff wars, national security concerns and other nationalistic behaviors has helped the Fund’s positions in companies that improve energy security, provide domestic sources of key materials and improve the efficiency of our supply chains. Most of the detractors to Fund performance were companies negatively impacted by fears that AI would disrupt their business models or companies experiencing slowdowns in their end markets due to economic uncertainty.</p></div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; color: #000; line-height: 1pt; margin-top: -4pt; margin-bottom: 0"> </p> <p id="xdx_801_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000227702Member_dD_ziGBBI5aQ6S8" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 1pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How did the Fund perform since inception?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 15px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="box-sizing: border-box; color: #00549e"><span style="box-sizing: border-box; font-size: 9pt">CUMULATIVE PERFORMANCE</span></span></span> | September 1, 2017 (Commencement of Operations) through March 31, 2026*</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(Initial Investment of $1,000,000)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Date</div></td> <td id="xdx_4BF_oef--ClassAxis_custom--C000227702Member_zniN0mqjbX3e" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pear Tree Essex Environmental Opportunities Fund Institutional Shares</div></td> <td id="xdx_4B1_oef--BroadBasedIndexAxis_custom--MSCIWorldOneMember_z5hIm8HrOaYk" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">MSCI World</div></td></tr> <tr id="xdx_433_c20170901__20170901_eoef--AccmVal_pid_zg2YX3KJCnp" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/01/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1000000.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1000000.0</div></td></tr> <tr id="xdx_438_c20170901__20170930_eoef--AccmVal_pid_zOs7hlS9tiO7" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1047000.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1019629.0</div></td></tr> <tr id="xdx_431_c20170901__20171231_eoef--AccmVal_pid_zDnulYgGv3ai" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1032027.9</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1076932.15</div></td></tr> <tr id="xdx_436_c20170901__20180331_eoef--AccmVal_pid_zANXHyXQY0e" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1006020.8</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1064547.43</div></td></tr> <tr id="xdx_43C_c20170901__20180630_eoef--AccmVal_pid_zQ89wAT9uVJ3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1006020.8</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1085093.2</div></td></tr> <tr id="xdx_43C_c20170901__20180930_eoef--AccmVal_pid_zQTUjr0FYCO4" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1065074.22</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1140432.95</div></td></tr> <tr id="xdx_432_c20170901__20181231_eoef--AccmVal_pid_zDXOsSlq2Zpf" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">871017.7</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">988641.32</div></td></tr> <tr id="xdx_432_c20170901__20190331_eoef--AccmVal_pid_zSLxgzOZYSSf" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1002018.76</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1113704.45</div></td></tr> <tr id="xdx_43A_c20170901__20190630_eoef--AccmVal_pid_ziPs3gv45H63" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1067049.77</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1160480.04</div></td></tr> <tr id="xdx_430_c20170901__20190930_eoef--AccmVal_pid_zgLbNrV3op02" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1047095.94</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1168139.21</div></td></tr> <tr id="xdx_434_c20170901__20191231_eoef--AccmVal_pid_zLxowlY4jUVe" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1096100.03</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1269533.69</div></td></tr> <tr id="xdx_436_c20170901__20200331_eoef--AccmVal_pid_zZlU5ugp9HJe" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">841037.56</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1003820.29</div></td></tr> <tr id="xdx_432_c20170901__20200630_eoef--AccmVal_pid_zXPMaFGMgrr" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1056090.86</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1199966.77</div></td></tr> <tr id="xdx_43E_c20170901__20200930_eoef--AccmVal_pid_zDROmHuvvdKe" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1296140.31</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1296564.1</div></td></tr> <tr id="xdx_439_c20170901__20201231_eoef--AccmVal_pid_zPburcGtSmUf" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1788284.79</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1478990.67</div></td></tr> <tr id="xdx_431_c20170901__20210331_eoef--AccmVal_pid_zPZLLxfis9Vi" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1884852.17</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1553531.79</div></td></tr> <tr id="xdx_434_c20170901__20210630_eoef--AccmVal_pid_zBIOnSVd1Vz2" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2033378.52</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1676105.45</div></td></tr> <tr id="xdx_435_c20170901__20210930_eoef--AccmVal_pid_zAHWhtud63of" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1940859.79</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1677613.95</div></td></tr> <tr id="xdx_43A_c20170901__20211231_eoef--AccmVal_pid_zaQhklxBJrL3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1987828.6</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1809474.4</div></td></tr> <tr id="xdx_431_c20170901__20220331_eoef--AccmVal_pid_z89a2vkkOhHd" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1764993.01</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1718276.89</div></td></tr> <tr id="xdx_438_c20170901__20220630_eoef--AccmVal_pid_zQYqIvE8fp5j" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1375635.56</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1442493.45</div></td></tr> <tr id="xdx_433_c20170901__20220930_eoef--AccmVal_pid_z9CzS3hCN4l1" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1423232.55</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1354789.85</div></td></tr> <tr id="xdx_434_c20170901__20221231_eoef--AccmVal_pid_zFBKoa5O5c8a" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1437322.55</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1488778.57</div></td></tr> <tr id="xdx_433_c20170901__20230331_eoef--AccmVal_pid_ziRegessqHY8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1521693.38</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1606094.32</div></td></tr> <tr id="xdx_43C_c20170901__20230630_eoef--AccmVal_pid_zHwgTdlqwR53" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1597473.71</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1718520.92</div></td></tr> <tr id="xdx_438_c20170901__20230930_eoef--AccmVal_pid_zBK8D6sDTj6h" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1310886.93</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1660778.62</div></td></tr> <tr id="xdx_433_c20170901__20231231_eoef--AccmVal_pid_zWm0ThPY8Sqb" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1419035.1</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1852266.39</div></td></tr> <tr id="xdx_431_c20170901__20240331_eoef--AccmVal_pid_zs0dnhRR9lTa" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1399594.32</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2019155.59</div></td></tr> <tr id="xdx_434_c20170901__20240630_eoef--AccmVal_pid_znPULT6yHrl4" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1451519.27</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2075288.12</div></td></tr> <tr id="xdx_434_c20170901__20240930_eoef--AccmVal_pid_zSaPJhTbcOU3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1558641.39</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2209351.73</div></td></tr> <tr id="xdx_433_c20170901__20241231_eoef--AccmVal_pid_zuEjGJDLpdec" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1441899.15</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2207805.19</div></td></tr> <tr id="xdx_43C_c20170901__20250331_eoef--AccmVal_pid_zyTxfUrd89gd" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1329431.02</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2170493.28</div></td></tr> <tr id="xdx_43D_c20170901__20250630_eoef--AccmVal_pid_zH4rLsekZlE1" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1551180.11</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2422921.65</div></td></tr> <tr id="xdx_436_c20170901__20250930_eoef--AccmVal_pid_zDClR91a7t73" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1771913.04</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2601248.68</div></td></tr> <tr id="xdx_43C_c20170901__20251231_eoef--AccmVal_pid_zg4mjVDQHwu8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1785025.2</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2684488.64</div></td></tr> <tr id="xdx_43A_c20170901__20260331_eoef--AccmVal_pid_zD1LJHEtMUpl" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2026</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1792522.3</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2591336.88</div></td></tr> </table></div></div><img alt="line" src="qes3zqgh1mpfr88ey.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> 1000000.0 1000000.0 1047000.0 1019629.0 1032027.9 1076932.15 1006020.8 1064547.43 1006020.8 1085093.2 1065074.22 1140432.95 871017.7 988641.32 1002018.76 1113704.45 1067049.77 1160480.04 1047095.94 1168139.21 1096100.03 1269533.69 841037.56 1003820.29 1056090.86 1199966.77 1296140.31 1296564.1 1788284.79 1478990.67 1884852.17 1553531.79 2033378.52 1676105.45 1940859.79 1677613.95 1987828.6 1809474.4 1764993.01 1718276.89 1375635.56 1442493.45 1423232.55 1354789.85 1437322.55 1488778.57 1521693.38 1606094.32 1597473.71 1718520.92 1310886.93 1660778.62 1419035.1 1852266.39 1399594.32 2019155.59 1451519.27 2075288.12 1558641.39 2209351.73 1441899.15 2207805.19 1329431.02 2170493.28 1551180.11 2422921.65 1771913.04 2601248.68 1785025.2 2684488.64 1792522.3 2591336.88 <p id="xdx_807_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000227702Member_dD_z1jxu7Ybg6j" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 1pt; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0"><b style="box-sizing: border-box">AVERAGE ANNUAL TOTAL RETURNS</b>*</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">One Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Five Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Since Inception</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Pear Tree Essex Environmental Opportunities Fund Institutional Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000227702Member_fKg_____z276iCKIMsQ7" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">34.83%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--ClassAxis__custom--C000227702Member_fKg_____zUe6J7WvUsu7" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(1.00%)</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--AvgAnnlRtrPct_dp_c20170901__20260331__oef--ClassAxis__custom--C000227702Member_fKg_____zjRzFmSGNvdi" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.04%</span></div></td></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">MSCI World</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--BroadBasedIndexAxis__custom--MSCIWorldMember_fKg_____zoZg04pvgsE2" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">19.39%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--BroadBasedIndexAxis__custom--MSCIWorldMember_fKg_____zzAQASUm7Qle" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">10.77%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--AvgAnnlRtrPct_dp_c20170901__20260331__oef--BroadBasedIndexAxis__custom--MSCIWorldMember_fKg_____zYSA4erCiVvh" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">11.73%</span></div></td></tr> </table></div></div></div> <div style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 4pt 0 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; display: block"> <table border="0" cellpadding="0" cellspacing="0" style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; width: 100%; color: #000"> <tr style="vertical-align: top"> <td id="xdx_F0B_zWEljn5fPYTa">*</td> <td id="xdx_F12_zl2jdH6kGGn3">Performance for periods prior to September 1, 2021 represent the performance of Essex Environmental Opportunities Fund, the predecessor of the Fund.</td></tr> </table> </div> 0.3483 -0.0100 0.0704 0.1939 0.1077 0.1173 Neither the Fund’s returns nor the index returns reflect the deduction of taxes that a shareholder would pay on fund distributions or redemptions of Fund shares. <span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt">Visit </span></span><span style="box-sizing: border-box; font-family: Kohinoor Medium, Arial"><span style="box-sizing: border-box; font-size: 8pt">www.peartreefunds.com/pricesandperformance/</span></span><span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt"> for more recent performance information.</span></span> The Fund's past performance is not a good predictor of the Fund's future performance. <p id="xdx_80D_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000227702Member_dD_zhB9DihaO1m3" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">Key Fund Statistics</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Net Assets</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eus-gaap--AssetsNet_iE_c20250401__20260331__oef--ClassAxis__custom--C000227702Member_znnLG8NFWwna" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$26,956,298</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Holdings</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_984_eoef--HoldingsCount_iE_uHoldings_c20250401__20260331__oef--ClassAxis__custom--C000227702Member_z2TBoM8B1v9g" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">38</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Advisory Fee</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--AdvisoryFeesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000227702Member_zbo8iRISWGig" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$175,110</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portfolio Turnover</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_984_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250401__20260331__oef--ClassAxis__custom--C000227702Member_z1Ckta344h4c" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">56%</span></div></td></tr> </table></div></div></div> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 12pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p> 26956298 38 175110 0.56 <div id="xdx_808_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000227702Member_dD_z14lIjETGEDa" style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What did the Fund invest in?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p></div><div style="margin: 0; padding: 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">COUNTRY ALLOCATION</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: -2pt 0 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227702Member__oef--GeographicRegionAxis__country--US_zKBRzgC0KlO3" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">69.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japan</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227702Member__oef--GeographicRegionAxis__country--JP_zzMY8pHU9d22" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">11.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Germany</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227702Member__oef--GeographicRegionAxis__country--DE_zMJHwe8vyasa" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ireland</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227702Member__oef--GeographicRegionAxis__country--IE_zNVxMsD0LPjg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Switzerland</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227702Member__oef--GeographicRegionAxis__country--CH_zvUh2vyasDY8" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227702Member__oef--GeographicRegionAxis__country--CN_z3hmQqXCaYC6" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Netherlands</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227702Member__oef--GeographicRegionAxis__country--NL_zsf4jZTs8aw1" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.3</span></div></td></tr> </table></div></div></div></div></div></div> 0.692 0.114 0.076 0.036 0.029 0.027 0.013 <p id="xdx_805_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000227702Member_dD_z88mnppeBJfh" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">TOP TEN HOLDINGS</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Infineon Technologies AG</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227702Member__oef--LargestHoldingAxis__custom--InfineonTechnologiesAGMember_zlwN0FXza9S6" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Corteva, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227702Member__oef--LargestHoldingAxis__custom--CortevaIncMember_zk2bGkvZ1GDd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Badger Meter, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227702Member__oef--LargestHoldingAxis__custom--BadgerMeterIncMember_zZgBww4t4JK7" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Kingspan Group plc</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227702Member__oef--LargestHoldingAxis__custom--KingspanGroupplcMember_z5N9FkgUgrH9" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Advanced Drainage Systems, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227702Member__oef--LargestHoldingAxis__custom--AdvancedDrainageSystemsIncMember_z5PQWuQDHx3d" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Enphase Energy, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227702Member__oef--LargestHoldingAxis__custom--EnphaseEnergyIncMember_zDxABfP8u811" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Primoris Services Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227702Member__oef--LargestHoldingAxis__custom--PrimorisServicesCorporationMember_zl2nblHE2Rxh" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Keyence Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227702Member__oef--LargestHoldingAxis__custom--KeyenceCorporationMember_zkGycdQG9D8b" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Toray Industries, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227702Member__oef--LargestHoldingAxis__custom--TorayIndustriesIncMember_zFXwr1GoLVG" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Cognex Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227702Member__oef--LargestHoldingAxis__custom--CognexCorporationMember_z27MFSJesNPf" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div></td></tr> </table></div></div></div> 0.055 0.041 0.036 0.036 0.036 0.035 0.034 0.034 0.033 0.033 <p id="xdx_806_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000227702Member_dD_zqzwqJ2nFfpl" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 8pt 0 4pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How has the Fund changed?</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 57.56px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_903_eoef--UpdProspectusWebAddress_c20250401__20260331__oef--ClassAxis__custom--C000227702Member_zMc7hXkhkXC3">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_909_eoef--UpdProspectusPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000227702Member_zA745NXi30L4">1-800-326-2151</span> or <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_90C_eoef--UpdProspectusEmailAddress_c20250401__20260331__oef--ClassAxis__custom--C000227702Member_zOZQlUyDFOre">info@peartreefunds.com</span></span></span> or by contacting your financial intermediary.</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; min-height: 14.39px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">During the reporting period, there were no changes to the Institutional Share Class.</p> <p style="font: normal 300 9pt/1pt Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p><p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 44.01px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">The MSCI does not accept any liability for any errors or omissions in the indexes or data, and hereby expressly disclaims all warranties of originality, accuracy, completeness, timeliness, merchantability and fitness for a particular purpose. No party may rely on any indexes or data contained in this communication. Visit <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"></span><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"></span></span><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400">www.peartreefunds.com/fund-documents/</span></span> for additional legal notices &amp; disclaimers.</p> www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com Pear Tree Essex Environmental Opportunities Fund R6 Shares GEORX This report describes changes to the Fund that occurred during the reporting period. This <span id="xdx_901_eoef--ShareholderReportAnnualOrSemiAnnual_c20250401__20260331__oef--ClassAxis__custom--C000227704Member_z9QBXGxJmrA5">annual shareholder report</span> contains information about Pear Tree Essex Environmental Opportunities Fund (the "Fund") for the period April 1, 2025 to March 31, 2026. annual shareholder report You may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span id="xdx_907_eoef--AddlInfoWebsite_c20250401__20260331__oef--ClassAxis__custom--C000227704Member_zjNbs2VA6utc">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_906_eoef--AddlInfoPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000227704Member_zRHpyX1vvoB6">1-800-326-2151</span> or <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_90B_eoef--AddlInfoEmail_c20250401__20260331__oef--ClassAxis__custom--C000227704Member_zbn01F1KxIT5">info@peartreefunds.com</span></span> or by contacting your financial intermediary. www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com <p id="xdx_807_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000227704Member_dD_z3Nbg87QQRda" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What were the Fund's costs for the last year?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 5pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(based on hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: -2pt 0 7pt; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div></th></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">R6 Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_900_eoef--ExpensesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000227704Member_zJH6968qqmp6">109</span></span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_905_eoef--ExpenseRatioPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000227704Member_zkfU7BUl8QI">0.92</span>%</span></div></td></tr> </table></div></div></div> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -8pt; margin-bottom: 0"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -4pt; margin-bottom: 0"> </p> 109 0.0092 <p id="xdx_806_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000227704Member_dD_zv7JzAdDnIwl" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0"><b style="box-sizing: border-box">What affected the Fund’s performance this period?</b></p> <div style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; min-height: 100.73px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">The rapid advance of artificial intelligence has driven a significant uptick in energy demand, highlighting the need to increase our energy supply and upgrade and strengthen our electrical grid. The list of top contributors to the Fund’s performance over the past year were beneficiaries: turbine suppliers, electrical equipment suppliers, electrical grid and renewable energy contractors, and energy storage companies. Additionally, the continuation of the de-globalization of our economy due to tariff wars, national security concerns and other nationalistic behaviors has helped the Fund’s positions in companies that improve energy security, provide domestic sources of key materials and improve the efficiency of our supply chains. Most of the detractors to Fund performance were companies negatively impacted by fears that AI would disrupt their business models or companies experiencing slowdowns in their end markets due to economic uncertainty.</p></div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; color: #000; line-height: 1pt; margin-top: -4pt; margin-bottom: 0"> </p> <p id="xdx_801_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000227704Member_dD_zpOfpESUDZDc" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 1pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How did the Fund perform since inception?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 15px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="box-sizing: border-box; color: #00549e"><span style="box-sizing: border-box; font-size: 9pt">CUMULATIVE PERFORMANCE</span></span></span> | September 1, 2021 (Commencement of Operations) through March 31, 2026</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(Initial Investment of $100,000)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Date</div></td> <td id="xdx_4B0_oef--ClassAxis_custom--C000227704Member_z0mpf4KxFRnk" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pear Tree Essex Environmental Opportunities Fund R6 Shares</div></td> <td id="xdx_4BA_oef--BroadBasedIndexAxis_custom--MSCIWorldMember_zpjyqMENF9j3" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">MSCI World</div></td></tr> <tr id="xdx_432_c20210901__20210901_eoef--AccmVal_pid_zoxmqcfXlim4" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/01/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">100000.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">100000.0</div></td></tr> <tr id="xdx_434_c20210901__20210930_eoef--AccmVal_pid_zvHHNVcCH8V5" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">93400.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">95891.83</div></td></tr> <tr id="xdx_435_c20210901__20211231_eoef--AccmVal_pid_zqiB6XXwhKyh" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">95716.32</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">103428.93</div></td></tr> <tr id="xdx_43F_c20210901__20220331_eoef--AccmVal_pid_zXSXRqi3RL8h" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">85005.66</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">98216.11</div></td></tr> <tr id="xdx_431_c20210901__20220630_eoef--AccmVal_pid_zBWY8kYjDCS8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">66202.41</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">82452.42</div></td></tr> <tr id="xdx_43D_c20210901__20220930_eoef--AccmVal_pid_zDzGDgW209P9" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">68592.32</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">77439.32</div></td></tr> <tr id="xdx_434_c20210901__20221231_eoef--AccmVal_pid_zJ16zocj060d" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">69168.49</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">85098.07</div></td></tr> <tr id="xdx_434_c20210901__20230331_eoef--AccmVal_pid_zYl9RkWyUeme" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">73270.19</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">91803.79</div></td></tr> <tr id="xdx_43F_c20210901__20230630_eoef--AccmVal_pid_zVwxVfymsA12" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">76919.04</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">98230.06</div></td></tr> <tr id="xdx_43F_c20210901__20230930_eoef--AccmVal_pid_zJtFWWsNOCM3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">63127.46</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">94929.53</div></td></tr> <tr id="xdx_43A_c20210901__20231231_eoef--AccmVal_pid_zMlURz4mu8b7" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">68367.04</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">105874.9</div></td></tr> <tr id="xdx_434_c20210901__20240331_eoef--AccmVal_pid_zHwXApvzRqbd" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">67457.75</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">115414.23</div></td></tr> <tr id="xdx_436_c20210901__20240630_eoef--AccmVal_pid_zwwIKZJo2Ck8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">69967.18</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">118622.75</div></td></tr> <tr id="xdx_438_c20210901__20240930_eoef--AccmVal_pid_zDhsoKXCCGW8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">75095.78</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">126285.78</div></td></tr> <tr id="xdx_43D_c20210901__20241231_eoef--AccmVal_pid_zwc2q1X06CW3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">69508.65</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">126197.38</div></td></tr> <tr id="xdx_439_c20210901__20250331_eoef--AccmVal_pid_z8VuigjEwpif" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">64038.32</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">124064.64</div></td></tr> <tr id="xdx_431_c20210901__20250630_eoef--AccmVal_pid_zvDxDFdvtVvl" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">74751.93</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">138493.36</div></td></tr> <tr id="xdx_43D_c20210901__20250930_eoef--AccmVal_pid_z3643YDMsu8i" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">85463.88</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">148686.47</div></td></tr> <tr id="xdx_431_c20210901__20251231_eoef--AccmVal_pid_zakckI3vxkli" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">86327.07</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">153444.44</div></td></tr> <tr id="xdx_43A_c20210901__20260331_eoef--AccmVal_pid_z77plRnPnDnk" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2026</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">86741.44</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">148119.92</div></td></tr> </table></div></div><img alt="line" src="qesb1txzf1mpfruqpz.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> 100000.0 100000.0 93400.0 95891.83 95716.32 103428.93 85005.66 98216.11 66202.41 82452.42 68592.32 77439.32 69168.49 85098.07 73270.19 91803.79 76919.04 98230.06 63127.46 94929.53 68367.04 105874.9 67457.75 115414.23 69967.18 118622.75 75095.78 126285.78 69508.65 126197.38 64038.32 124064.64 74751.93 138493.36 85463.88 148686.47 86327.07 153444.44 86741.44 148119.92 <p id="xdx_802_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000227704Member_dD_zCHXANRl1pQb" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 1pt; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0"><b style="box-sizing: border-box">AVERAGE ANNUAL TOTAL RETURNS</b></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">One Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Since Inception</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Pear Tree Essex Environmental Opportunities Fund R6 Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000227704Member_zChU43xuxEyg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">35.46%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--AvgAnnlRtrPct_dp_c20210901__20260331__oef--ClassAxis__custom--C000227704Member_z5aIP11AZrqd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(3.06%)</span></div></td></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">MSCI World</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--BroadBasedIndexAxis__custom--MSCIWorldMember_zHUzpNpHfJZ" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">19.39%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--AvgAnnlRtrPct_dp_c20210901__20260331__oef--BroadBasedIndexAxis__custom--MSCIWorldMember_zXsoPy0sVIS5" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.88%</span></div></td></tr> </table></div></div></div> 0.3546 -0.0306 0.1939 0.0888 Neither the Fund’s returns nor the index returns reflect the deduction of taxes that a shareholder would pay on fund distributions or redemptions of Fund shares. <span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt">Visit </span></span><span style="box-sizing: border-box; font-family: Kohinoor Medium, Arial"><span style="box-sizing: border-box; font-size: 8pt">www.peartreefunds.com/pricesandperformance/</span></span><span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt"> for more recent performance information.</span></span> The Fund's past performance is not a good predictor of the Fund's future performance. <p id="xdx_803_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000227704Member_dD_zujJeSZVBQw7" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">Key Fund Statistics</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Net Assets</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eus-gaap--AssetsNet_iE_c20250401__20260331__oef--ClassAxis__custom--C000227704Member_zBV8OiJbPpUc" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$26,956,298</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Holdings</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--HoldingsCount_iE_uHoldings_c20250401__20260331__oef--ClassAxis__custom--C000227704Member_zj6GJAHV8QZ6" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">38</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Advisory Fee</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--AdvisoryFeesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000227704Member_zh7ukW0w963f" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$175,110</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portfolio Turnover</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250401__20260331__oef--ClassAxis__custom--C000227704Member_zZ87FLXoCKZg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">56%</span></div></td></tr> </table></div></div></div> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 12pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p> 26956298 38 175110 0.56 <div id="xdx_800_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000227704Member_dD_znB6vcvEcsv1" style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What did the Fund invest in?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p></div><div style="margin: 0; padding: 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">COUNTRY ALLOCATION</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: -2pt 0 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227704Member__oef--GeographicRegionAxis__country--US_zuxTkdJVJWkl" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">69.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japan</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227704Member__oef--GeographicRegionAxis__country--JP_zVh8FXGGiCxk" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">11.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Germany</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227704Member__oef--GeographicRegionAxis__country--DE_zMnbwyNbVBZc" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ireland</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227704Member__oef--GeographicRegionAxis__country--IE_zp5mvXsoBm8e" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Switzerland</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227704Member__oef--GeographicRegionAxis__country--CH_zBHqUOcuWJOg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227704Member__oef--GeographicRegionAxis__country--CN_ztJoFn5rfFPf" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Netherlands</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227704Member__oef--GeographicRegionAxis__country--NL_zrVjmO2u6Iq9" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.3</span></div></td></tr> </table></div></div></div></div></div></div> 0.692 0.114 0.076 0.036 0.029 0.027 0.013 <p id="xdx_805_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000227704Member_dD_zksar9HHhuc8" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">TOP TEN HOLDINGS</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Infineon Technologies AG</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227704Member__oef--LargestHoldingAxis__custom--InfineonTechnologiesAGMember_zHhll4hgAqfg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Corteva, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227704Member__oef--LargestHoldingAxis__custom--CortevaIncMember_zdnoJr0Ti7k9" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Badger Meter, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227704Member__oef--LargestHoldingAxis__custom--BadgerMeterIncMember_zUnxaqO8yQ64" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Kingspan Group plc</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227704Member__oef--LargestHoldingAxis__custom--KingspanGroupplcMember_zCBJYMTe3GO1" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Advanced Drainage Systems, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227704Member__oef--LargestHoldingAxis__custom--AdvancedDrainageSystemsIncMember_zZrzVk98ZL44" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Enphase Energy, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227704Member__oef--LargestHoldingAxis__custom--EnphaseEnergyIncMember_zNaIhmp9bfzk" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Primoris Services Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227704Member__oef--LargestHoldingAxis__custom--PrimorisServicesCorporationMember_zAxyAHoD2lgc" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Keyence Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227704Member__oef--LargestHoldingAxis__custom--KeyenceCorporationMember_z6yHXSaPisg3" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Toray Industries, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227704Member__oef--LargestHoldingAxis__custom--TorayIndustriesIncMember_zGMsFAlFPkUj" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Cognex Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000227704Member__oef--LargestHoldingAxis__custom--CognexCorporationMember_zsQl551p86Tj" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div></td></tr> </table></div></div></div> 0.055 0.041 0.036 0.036 0.036 0.035 0.034 0.034 0.033 0.033 <p id="xdx_805_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000227704Member_dD_zWEUUgaPl9c1" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 8pt 0 4pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How has the Fund changed?</p> <p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 58.68px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_905_eoef--UpdProspectusWebAddress_c20250401__20260331__oef--ClassAxis__custom--C000227704Member_zKfTOs3NiEL1">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_900_eoef--UpdProspectusPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000227704Member_zBcYN0gbMdpd">1-800-326-2151</span> or <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_90C_eoef--UpdProspectusEmailAddress_c20250401__20260331__oef--ClassAxis__custom--C000227704Member_zFodtNikm3nj">info@peartreefunds.com</span></span></span> or by contacting your financial intermediary.</p> <p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 73.35px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">Effective December 5, 2025, a reverse stock split (the "Reverse Stock Split") of the issued and outstanding shares of Class R6 took place. As a result of the Reverse Stock Split, for each Class R6 share of the Fund a shareholder held, the shareholder received a proportional number of shares of Class R6 of the Fund with the same aggregate dollar value. The total dollar value of a shareholder's investment in Class R6 shares of the Fund was unchanged and each shareholder continued to own the same percentage (by value) of the Fund immediately following the Reverse Stock Split as the shareholder did immediately prior to the Reverse Stock Split. The Reverse Stock Split Ratio was 2.188 to 1.</p> <p style="font: normal 300 9pt/10pt Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p><p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 44.01px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">The MSCI does not accept any liability for any errors or omissions in the indexes or data, and hereby expressly disclaims all warranties of originality, accuracy, completeness, timeliness, merchantability and fitness for a particular purpose. No party may rely on any indexes or data contained in this communication. Visit <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"></span><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"></span></span><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400">www.peartreefunds.com/fund-documents/</span></span> for additional legal notices &amp; disclaimers.</p> www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com Pear Tree Polaris Foreign Value Fund Ordinary Shares QFVOX This <span id="xdx_90D_eoef--ShareholderReportAnnualOrSemiAnnual_c20250401__20260331__oef--ClassAxis__custom--C000025966Member_zBcNN0Cf8fH3">annual shareholder report</span> contains information about Pear Tree Polaris Foreign Value Fund (the "Fund") for the period April 1, 2025 to March 31, 2026. annual shareholder report You may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span id="xdx_907_eoef--AddlInfoWebsite_c20250401__20260331__oef--ClassAxis__custom--C000025966Member_ziolRKryKSih">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_909_eoef--AddlInfoPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000025966Member_zwl4pLSvQiRh">1-800-326-2151</span> or <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_90F_eoef--AddlInfoEmail_c20250401__20260331__oef--ClassAxis__custom--C000025966Member_zGXFQl2XBY1e">info@peartreefunds.com</span></span> or by contacting your financial intermediary. www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com <p id="xdx_804_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000025966Member_dD_zsqvFSpOPbv5" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What were the Fund's costs for the last year?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 5pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(based on hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div></th></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ordinary Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_903_eoef--ExpensesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000025966Member_z8w9E8e6THl4">174</span></span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_900_eoef--ExpenseRatioPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000025966Member_fKg_____zbLCMgokwWH7">1.50</span>%*</span></div></td></tr> </table></div></div></div> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; width: 100%; margin-top: 4pt; margin-bottom: 4pt; color: #000"> <tr style="vertical-align: top"> <td id="xdx_F06_zILSWAwiYaa7">*</td> <td id="xdx_F1E_zfufjvHQ9yM5">The percentage would have been 1.45% if the Trust did not engage a third party to assist in reclaiming EU tax overpayments made by the Fund.</td></tr> </table> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -4pt; margin-bottom: 0"> </p> 174 0.0150 <p id="xdx_806_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000025966Member_dD_z4O3GaCPAzLe" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0"><b style="box-sizing: border-box">What affected the Fund’s performance this period?</b></p> <div style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; min-height: 129.51px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">The Fund’s performance was led by strong stock selection in Information Technology (“IT”), Industrials, Financials and Materials.IT was the standout sector contributor, driven by the AI‑fueled shortage in advanced chips and memory; SK Hynix and Samsung Electronics were the top two contributors overall as supply‑demand dynamics favored memory manufacturers. Industrials and Financials also drove results, with Marubeni closing in on guidance targets through new investments and a richer non‑resource profit mix, while Shinhan Financial and Mitsubishi UFJ benefited from strong quarterly results and earnings momentum. Materials contributed meaningfully: Lundin Mining posted record revenues on higher copper prices, and Yara International gained share after the Strait of Hormuz closure disrupted roughly 30% of global nitrogen supply. By country, South Korea dominated, followed by Japan, Canada and Norway. Key laggards included Teleperformance, pressured by fears that generative AI will disrupt customer service outsourcing; Nomad Foods, which cut full‑year guidance; Alibaba, amid skepticism over its sizeable AI and cloud capex; and Sanofi, following mixed COPD Phase 3 trial results.</p></div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; color: #000; line-height: 1pt; margin-top: -4pt; margin-bottom: 0"> </p> <p id="xdx_806_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000025966Member_dD_zS0kaqXXsbCe" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 1pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How did the Fund perform over the past 10 years?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 15px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="box-sizing: border-box; color: #00549e"><span style="box-sizing: border-box; font-size: 9pt">CUMULATIVE PERFORMANCE</span></span></span> | March 31, 2016 through March 31, 2026</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(Initial Investment of $10,000)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Date</div></td> <td id="xdx_4B7_oef--ClassAxis_custom--C000025966Member_zLDcfNtyU9ql" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pear Tree Polaris Foreign Value Fund Ordinary Shares</div></td> <td id="xdx_4B0_oef--BroadBasedIndexAxis_custom--MSCIFAFEMember_zPLu30qPf6l1" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">MSCI EAFE</div></td></tr> <tr id="xdx_434_c20160331__20160331_eoef--AccmVal_pid_z2FW9GGLExri" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10000.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10000.0</div></td></tr> <tr id="xdx_435_c20160331__20160630_eoef--AccmVal_pid_zGc3ysHvkWkk" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">9336.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">9881.0</div></td></tr> <tr id="xdx_43D_c20160331__20160930_eoef--AccmVal_pid_z0LRA5u02WO2" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10557.15</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10523.27</div></td></tr> <tr id="xdx_43E_c20160331__20161231_eoef--AccmVal_pid_zKyx91ajdgz3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10563.48</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10451.71</div></td></tr> <tr id="xdx_435_c20160331__20170331_eoef--AccmVal_pid_zrbmEmBEkmyb" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11357.86</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11224.09</div></td></tr> <tr id="xdx_437_c20160331__20170630_eoef--AccmVal_pid_zipuFRIqKD6" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12040.46</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11939.06</div></td></tr> <tr id="xdx_433_c20160331__20170930_eoef--AccmVal_pid_zYyUKFlnRje3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12634.06</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12592.13</div></td></tr> <tr id="xdx_43A_c20160331__20171231_eoef--AccmVal_pid_zUplmH3IPGwb" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13230.39</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13129.81</div></td></tr> <tr id="xdx_438_c20160331__20180331_eoef--AccmVal_pid_zADzJv1WSyN9" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12980.33</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12944.68</div></td></tr> <tr id="xdx_43C_c20160331__20180630_eoef--AccmVal_pid_znAmYaQQySg" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13093.26</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12819.12</div></td></tr> <tr id="xdx_436_c20160331__20180930_eoef--AccmVal_pid_ztmoWcu96UBe" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13296.21</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13001.15</div></td></tr> <tr id="xdx_437_c20160331__20181231_eoef--AccmVal_pid_zgGWLIK8HzCf" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11474.63</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11376.01</div></td></tr> <tr id="xdx_431_c20160331__20190331_eoef--AccmVal_pid_zGUqEJqUgmgl" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12517.67</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12528.4</div></td></tr> <tr id="xdx_432_c20160331__20190630_eoef--AccmVal_pid_zVrp1uzMwN92" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12729.22</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13025.77</div></td></tr> <tr id="xdx_434_c20160331__20190930_eoef--AccmVal_pid_zcqT8laKtAA1" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12374.07</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12895.52</div></td></tr> <tr id="xdx_432_c20160331__20191231_eoef--AccmVal_pid_zObd72mZAsye" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13533.52</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13954.24</div></td></tr> <tr id="xdx_43B_c20160331__20200331_eoef--AccmVal_pid_znxHGA5ARHvh" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">9044.45</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10783.83</div></td></tr> <tr id="xdx_439_c20160331__20200630_eoef--AccmVal_pid_zOeRR6AQeOx6" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10611.86</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12410.04</div></td></tr> <tr id="xdx_43C_c20160331__20200930_eoef--AccmVal_pid_z9CK4FryKkUi" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10929.15</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13015.65</div></td></tr> <tr id="xdx_432_c20160331__20201231_eoef--AccmVal_pid_zk45pJ1VoAo6" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13892.05</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15109.86</div></td></tr> <tr id="xdx_43B_c20160331__20210331_eoef--AccmVal_pid_zKD40R9gFN47" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15082.59</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15653.82</div></td></tr> <tr id="xdx_433_c20160331__20210630_eoef--AccmVal_pid_z27KiTEjIqfj" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15281.68</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16496.0</div></td></tr> <tr id="xdx_43A_c20160331__20210930_eoef--AccmVal_pid_zN2sbYxlJgba" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14947.02</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16438.26</div></td></tr> <tr id="xdx_439_c20160331__20211231_eoef--AccmVal_pid_zFPTxdR2d57i" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15053.14</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16888.67</div></td></tr> <tr id="xdx_431_c20160331__20220331_eoef--AccmVal_pid_zbgo8Z8PJ2yf" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14201.13</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15910.81</div></td></tr> <tr id="xdx_433_c20160331__20220630_eoef--AccmVal_pid_zj6Wf0IhUVI3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12059.6</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13637.16</div></td></tr> <tr id="xdx_437_c20160331__20220930_eoef--AccmVal_pid_zWO3HkIxHpL7" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10613.65</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12370.27</div></td></tr> <tr id="xdx_43F_c20160331__20221231_eoef--AccmVal_pid_zkqIG2c4meee" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12479.54</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14522.69</div></td></tr> <tr id="xdx_439_c20160331__20230331_eoef--AccmVal_pid_zL9g4WvYwUGl" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13476.65</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15774.55</div></td></tr> <tr id="xdx_437_c20160331__20230630_eoef--AccmVal_pid_zUDLVo3W7Q04" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13717.88</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16284.07</div></td></tr> <tr id="xdx_43A_c20160331__20230930_eoef--AccmVal_pid_zudG9jOGNMVd" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13406.49</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15624.56</div></td></tr> <tr id="xdx_43C_c20160331__20231231_eoef--AccmVal_pid_zeIUPUGg4KL8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14960.3</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">17260.45</div></td></tr> <tr id="xdx_43E_c20160331__20240331_eoef--AccmVal_pid_zlk1aAVj8ese" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15452.49</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">18284.0</div></td></tr> <tr id="xdx_432_c20160331__20240630_eoef--AccmVal_pid_z9SmxXvdiGVe" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15472.58</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">18252.92</div></td></tr> <tr id="xdx_430_c20160331__20240930_eoef--AccmVal_pid_z6hBEnsm17qj" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16352.97</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">19590.85</div></td></tr> <tr id="xdx_439_c20160331__20241231_eoef--AccmVal_pid_zLZmiVoO6ko1" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14858.31</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">18009.87</div></td></tr> <tr id="xdx_43E_c20160331__20250331_eoef--AccmVal_pid_zA1aNYnAw4wb" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15650.26</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">19272.36</div></td></tr> <tr id="xdx_43A_c20160331__20250630_eoef--AccmVal_pid_zF52KCV95Apc" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">17603.41</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">21598.54</div></td></tr> <tr id="xdx_439_c20160331__20250930_eoef--AccmVal_pid_zHJW46Q8DEY1" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">18421.97</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">22641.75</div></td></tr> <tr id="xdx_437_c20160331__20251231_eoef--AccmVal_pid_zm8Zo8dO4rTb" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">19886.51</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">23753.46</div></td></tr> <tr id="xdx_432_c20160331__20260331_eoef--AccmVal_pid_zFUKTT8NIBYl" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2026</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">20717.77</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">23487.42</div></td></tr> </table></div></div><img alt="line" src="qesb1txzf1mpfr3glq.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div></div> 10000.0 10000.0 9336.0 9881.0 10557.15 10523.27 10563.48 10451.71 11357.86 11224.09 12040.46 11939.06 12634.06 12592.13 13230.39 13129.81 12980.33 12944.68 13093.26 12819.12 13296.21 13001.15 11474.63 11376.01 12517.67 12528.4 12729.22 13025.77 12374.07 12895.52 13533.52 13954.24 9044.45 10783.83 10611.86 12410.04 10929.15 13015.65 13892.05 15109.86 15082.59 15653.82 15281.68 16496.0 14947.02 16438.26 15053.14 16888.67 14201.13 15910.81 12059.6 13637.16 10613.65 12370.27 12479.54 14522.69 13476.65 15774.55 13717.88 16284.07 13406.49 15624.56 14960.3 17260.45 15452.49 18284.0 15472.58 18252.92 16352.97 19590.85 14858.31 18009.87 15650.26 19272.36 17603.41 21598.54 18421.97 22641.75 19886.51 23753.46 20717.77 23487.42 <p id="xdx_804_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000025966Member_dD_zmwZ075WObR5" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 1pt; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0"><b style="box-sizing: border-box">AVERAGE ANNUAL TOTAL RETURNS</b></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">One Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Five Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ten Year</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Pear Tree Polaris Foreign Value Fund Ordinary Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000025966Member_z222upUFo594" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">32.38%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--ClassAxis__custom--C000025966Member_zs5iMe6eogJ1" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.56%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--AvgAnnlRtrPct_dp_c20160401__20260331__oef--ClassAxis__custom--C000025966Member_zTcwYzngMp05" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.56%</span></div></td></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">MSCI EAFE</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--BroadBasedIndexAxis__custom--MSCIFAFEMember_zA3wRxx2MYte" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">21.88%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--BroadBasedIndexAxis__custom--MSCIFAFEMember_zqLjU4UXsgkh" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.45%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--AvgAnnlRtrPct_dp_c20160401__20260331__oef--BroadBasedIndexAxis__custom--MSCIFAFEMember_zOBIltGSIM7k" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.91%</span></div></td></tr> </table></div></div></div> 0.3238 0.0656 0.0756 0.2188 0.0845 0.0891 Neither the Fund’s returns nor the index returns reflect the deduction of taxes that a shareholder would pay on fund distributions or redemptions of Fund shares. <span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt">Visit </span></span><span style="box-sizing: border-box; font-family: Kohinoor Medium, Arial"><span style="box-sizing: border-box; font-size: 8pt">www.peartreefunds.com/pricesandperformance/</span></span><span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt"> for more recent performance information.</span></span> The Fund's past performance is not a good predictor of the Fund's future performance. <p id="xdx_800_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000025966Member_dD_zYyVsugZebuj" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">Key Fund Statistics</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Net Assets</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eus-gaap--AssetsNet_iE_c20250401__20260331__oef--ClassAxis__custom--C000025966Member_zoSwkaprsHBk" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$1,398,714,960</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Holdings</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--HoldingsCount_iE_uHoldings_c20250401__20260331__oef--ClassAxis__custom--C000025966Member_zSlUTX5aAt01" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">59</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Advisory Fee</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--AdvisoryFeesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000025966Member_z7IYSKO5TiWi" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$14,679,283</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portfolio Turnover</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250401__20260331__oef--ClassAxis__custom--C000025966Member_zydigO2QUcGc" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">29%</span></div></td></tr> </table></div></div></div> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 12pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p> 1398714960 59 14679283 0.29 <p id="xdx_805_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000025966Member_dD_zq1kE7ySoExg" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What did the Fund invest in?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p><div style="margin: 0; padding: 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">COUNTRY ALLOCATION</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: -2pt 0 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japan</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--GeographicRegionAxis__country--JP_zIVNub3FEO8l" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">14.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Korea</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--GeographicRegionAxis__country--KR_zZHwxISj3LN1" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">13.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">France</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--GeographicRegionAxis__country--FR_zXpJ4sCvrOpe" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">10.9</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Germany</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--GeographicRegionAxis__country--DE_zrbFXOSBu35b" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">9.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--GeographicRegionAxis__country--GB_z33hHzd9Qm4a" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ireland</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--GeographicRegionAxis__country--IE_zDwBgOxZv38h" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Norway</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--GeographicRegionAxis__country--NO_zEgUmmIj5sta" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Sweden</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--GeographicRegionAxis__country--SE_zZm06k0iRkT6" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Spain</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--GeographicRegionAxis__country--ES_z7AIsijdIznk" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--GeographicRegionAxis__country--CN_zIgDMKXvNK65" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Italy</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--GeographicRegionAxis__country--IT_zLlrv2w7j1N1" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Switzerland</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--GeographicRegionAxis__country--CH_zJbtKzQbevk8" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Netherlands</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--GeographicRegionAxis__country--NL_zPZ3CfGI2nwk" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Puerto Rico</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--GeographicRegionAxis__country--PR_zmMK8iK9s9ye" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Singapore</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--GeographicRegionAxis__country--SG_zlNpPLU0G77" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hong Kong</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--GeographicRegionAxis__country--HK_zmretYdCK345" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Chile</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--GeographicRegionAxis__country--CL_zIpyGU4Zgt3i" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--GeographicRegionAxis__country--TW_zOhbhXCm3Xa7" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Canada</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--GeographicRegionAxis__country--CA_zxKshjK6o6wa" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Belgium</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--GeographicRegionAxis__country--BE_zPjfLl0Vx5rh" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.9</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Russia</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--GeographicRegionAxis__country--RU_z0o5kwhZcKSc" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">&lt;0.1</span></div></td></tr> </table></div></div></div></div></div></div> 0.143 0.138 0.109 0.092 0.070 0.065 0.060 0.036 0.035 0.035 0.023 0.022 0.022 0.021 0.020 0.020 0.020 0.012 0.010 0.009 0.001 <p id="xdx_801_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000025966Member_dD_zbzvf6aCu232" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">TOP TEN HOLDINGS</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SK Hynix, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--LargestHoldingAxis__custom--SKHynixIncMember_z9YyqHyiztri" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.9</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Samsung Electronics Company Limited</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--LargestHoldingAxis__custom--SamsungElectronicsCompanyLimitedMember_zN8qclh3zlyg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Marubeni Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--LargestHoldingAxis__custom--MarubeniCorporationMember_z8gUUObnHHJb" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">TotalEnergies SE</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--LargestHoldingAxis__custom--TotalEnergiesSEMember_z27GIyyGk7R8" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Endesa, S.A.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--LargestHoldingAxis__custom--EndesaSAMember_zLEwKIq2RZ63" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Barry Callebaut AG</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--LargestHoldingAxis__custom--BarryCallebautAGMember_z68OeUiqOdPc" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Jazz Pharmaceuticals plc</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--LargestHoldingAxis__custom--JazzPharmaceuticalsplcMember_zO7dHYtlo0fb" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Koninklijke Ahold Delhaize N.V.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--LargestHoldingAxis__custom--KoninklijkeAholdDelhaizeNVMember_zYKBv1Kkk5Qh" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">DNB Bank ASA</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--LargestHoldingAxis__custom--DNBBankASAMember_z6iYzKtR5Rqj" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">ORIX Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025966Member__oef--LargestHoldingAxis__custom--ORIXCorporationMember_zv4B87Al8bvd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div></td></tr> </table></div></div></div> 0.039 0.038 0.025 0.024 0.023 0.022 0.022 0.022 0.021 0.021 <p id="xdx_800_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000025966Member_dD_zrgw9HmhXsGb" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 8pt 0 4pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How has the Fund changed?</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 57.56px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_908_eoef--UpdProspectusWebAddress_c20250401__20260331__oef--ClassAxis__custom--C000025966Member_zjVVIo1lgEw5">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_903_eoef--UpdProspectusPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000025966Member_zIAFOTxRQYRa">1-800-326-2151</span> or <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_909_eoef--UpdProspectusEmailAddress_c20250401__20260331__oef--ClassAxis__custom--C000025966Member_zyzm5l49C2zb">info@peartreefunds.com</span></span></span> or by contacting your financial intermediary.</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; min-height: 14.39px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">During the reporting period, there were no changes to the Ordinary Share Class.</p> <p style="font: normal 300 9pt/1pt Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p><p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 44.01px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">The MSCI does not accept any liability for any errors or omissions in the indexes or data, and hereby expressly disclaims all warranties of originality, accuracy, completeness, timeliness, merchantability and fitness for a particular purpose. No party may rely on any indexes or data contained in this communication. Visit <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"></span><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"></span></span><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400">www.peartreefunds.com/fund-documents/</span></span> for additional legal notices &amp; disclaimers.</p> www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com Pear Tree Polaris Foreign Value Fund Institutional Shares QFVIX This <span id="xdx_90B_eoef--ShareholderReportAnnualOrSemiAnnual_c20250401__20260331__oef--ClassAxis__custom--C000025967Member_zOtPK6QmYta6">annual shareholder report</span> contains information about Pear Tree Polaris Foreign Value Fund (the "Fund") for the period April 1, 2025 to March 31, 2026. annual shareholder report You may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span id="xdx_90E_eoef--AddlInfoWebsite_c20250401__20260331__oef--ClassAxis__custom--C000025967Member_z0luQOwrxVuf">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_905_eoef--AddlInfoPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000025967Member_z26PRO03w2Zf">1-800-326-2151</span> or <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_904_eoef--AddlInfoEmail_c20250401__20260331__oef--ClassAxis__custom--C000025967Member_zaTgMpJKbzK6">info@peartreefunds.com</span></span> or by contacting your financial intermediary. www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com <p id="xdx_80C_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000025967Member_dD_zZUmyrgi91L3" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What were the Fund's costs for the last year?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 5pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(based on hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div></th></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Institutional Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_90E_eoef--ExpensesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000025967Member_ziL2bZ9MsFY9">129</span></span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_904_eoef--ExpenseRatioPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000025967Member_fKg_____zeixt8Bk8I65">1.11</span>%*</span></div></td></tr> </table></div></div></div> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; width: 100%; margin-top: 4pt; margin-bottom: 4pt; color: #000"> <tr style="vertical-align: top"> <td id="xdx_F06_zKh0aHupA4T4">*</td> <td id="xdx_F12_zA2gW6P4a9Nk">The percentage would have been 1.08% if the Trust did not engage a third party to assist in reclaiming EU tax overpayments made by the Fund.</td></tr> </table> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -4pt; margin-bottom: 0"> </p> 129 0.0111 <p id="xdx_800_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000025967Member_dD_zoUwMpJGUBlh" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0"><b style="box-sizing: border-box">What affected the Fund’s performance this period?</b></p> <div style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; min-height: 129.51px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">The Fund’s performance was led by strong stock selection in Information Technology (“IT”), Industrials, Financials and Materials.IT was the standout sector contributor, driven by the AI‑fueled shortage in advanced chips and memory; SK Hynix and Samsung Electronics were the top two contributors overall as supply‑demand dynamics favored memory manufacturers. Industrials and Financials also drove results, with Marubeni closing in on guidance targets through new investments and a richer non‑resource profit mix, while Shinhan Financial and Mitsubishi UFJ benefited from strong quarterly results and earnings momentum. Materials contributed meaningfully: Lundin Mining posted record revenues on higher copper prices, and Yara International gained share after the Strait of Hormuz closure disrupted roughly 30% of global nitrogen supply. By country, South Korea dominated, followed by Japan, Canada and Norway. Key laggards included Teleperformance, pressured by fears that generative AI will disrupt customer service outsourcing; Nomad Foods, which cut full‑year guidance; Alibaba, amid skepticism over its sizeable AI and cloud capex; and Sanofi, following mixed COPD Phase 3 trial results.</p></div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; color: #000; line-height: 1pt; margin-top: -4pt; margin-bottom: 0"> </p> <p id="xdx_809_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000025967Member_dD_zhBBUWGdvDla" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 1pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How did the Fund perform over the past 10 years?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 15px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="box-sizing: border-box; color: #00549e"><span style="box-sizing: border-box; font-size: 9pt">CUMULATIVE PERFORMANCE</span></span></span> | March 31, 2016 through March 31, 2026</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(Initial Investment of $1,000,000)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Date</div></td> <td id="xdx_4B7_oef--ClassAxis_custom--C000025967Member_zvk7IwmP01Q1" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pear Tree Polaris Foreign Value Fund Institutional Shares</div></td> <td id="xdx_4B6_oef--BroadBasedIndexAxis_custom--MSCIFAFEOneMember_z4E1P9HJy9Hi" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">MSCI EAFE</div></td></tr> <tr id="xdx_437_c20160331__20160331_eoef--AccmVal_pid_zj4O2kdwQF84" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1000000.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1000000.0</div></td></tr> <tr id="xdx_434_c20160331__20160630_eoef--AccmVal_pid_zN40JR7pjwMd" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">934100.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">988100.0</div></td></tr> <tr id="xdx_435_c20160331__20160930_eoef--AccmVal_pid_z5RgAO00F6Ki" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1057027.56</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1052326.5</div></td></tr> <tr id="xdx_43F_c20160331__20161231_eoef--AccmVal_pid_znvAZgp0oZX8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1058295.99</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1045170.68</div></td></tr> <tr id="xdx_439_c20160331__20170331_eoef--AccmVal_pid_zJwi2dCI4Sx3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1138197.34</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1122408.79</div></td></tr> <tr id="xdx_435_c20160331__20170630_eoef--AccmVal_pid_zHkufIhM7CJd" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1207968.84</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1193906.23</div></td></tr> <tr id="xdx_43A_c20160331__20170930_eoef--AccmVal_pid_zfSlnLOcdeM8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1268729.67</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1259212.9</div></td></tr> <tr id="xdx_435_c20160331__20171231_eoef--AccmVal_pid_z0k2mqyzP8K4" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1330263.06</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1312981.3</div></td></tr> <tr id="xdx_43F_c20160331__20180331_eoef--AccmVal_pid_zMrnlnYnCGri" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1306185.3</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1294468.26</div></td></tr> <tr id="xdx_43C_c20160331__20180630_eoef--AccmVal_pid_zBb7oQO4S3ch" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1318855.3</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1281911.92</div></td></tr> <tr id="xdx_43C_c20160331__20180930_eoef--AccmVal_pid_zZY94nA3XKFe" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1341143.95</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1300115.07</div></td></tr> <tr id="xdx_432_c20160331__20181231_eoef--AccmVal_pid_zbp6W6bsLCj1" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1158211.91</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1137600.68</div></td></tr> <tr id="xdx_43F_c20160331__20190331_eoef--AccmVal_pid_zLLA9CfqyQV2" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1264419.95</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1252839.63</div></td></tr> <tr id="xdx_434_c20160331__20190630_eoef--AccmVal_pid_zKtAdpUxGXD" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1287053.06</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1302577.37</div></td></tr> <tr id="xdx_437_c20160331__20190930_eoef--AccmVal_pid_zbiXiAxI5DY3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1252302.63</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1289551.59</div></td></tr> <tr id="xdx_435_c20160331__20191231_eoef--AccmVal_pid_zjfWX8MKHL8j" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1370269.54</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1395423.78</div></td></tr> <tr id="xdx_43E_c20160331__20200331_eoef--AccmVal_pid_ztwNObx5l1gb" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">916847.35</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1078383.5</div></td></tr> <tr id="xdx_431_c20160331__20200630_eoef--AccmVal_pid_zTzEbN61qCw2" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1076928.9</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1241003.73</div></td></tr> <tr id="xdx_439_c20160331__20200930_eoef--AccmVal_pid_zup5rP2LOlQj" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1110421.38</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1301564.71</div></td></tr> <tr id="xdx_43C_c20160331__20201231_eoef--AccmVal_pid_zXhkPEF1tzw6" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1412900.17</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1510986.47</div></td></tr> <tr id="xdx_43D_c20160331__20210331_eoef--AccmVal_pid_z62SvTdT63A7" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1535116.03</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1565381.98</div></td></tr> <tr id="xdx_43E_c20160331__20210630_eoef--AccmVal_pid_zKoMddqUiyTk" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1556607.66</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1649599.53</div></td></tr> <tr id="xdx_43B_c20160331__20210930_eoef--AccmVal_pid_zZ1sDFCJ1AL1" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1523763.24</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1643825.93</div></td></tr> <tr id="xdx_432_c20160331__20211231_eoef--AccmVal_pid_zaIDZjapjDw6" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1536562.85</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1688866.77</div></td></tr> <tr id="xdx_43C_c20160331__20220331_eoef--AccmVal_pid_zhSGloxAPQng" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1450515.33</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1591081.38</div></td></tr> <tr id="xdx_437_c20160331__20220630_eoef--AccmVal_pid_zj1RgkmMsfuf" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1232792.98</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1363715.85</div></td></tr> <tr id="xdx_431_c20160331__20220930_eoef--AccmVal_pid_zwsqQO6rBJq7" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1086337.17</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1237026.65</div></td></tr> <tr id="xdx_431_c20160331__20221231_eoef--AccmVal_pid_znFb3tIBsLEa" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1278184.32</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1452269.28</div></td></tr> <tr id="xdx_430_c20160331__20230331_eoef--AccmVal_pid_z6ulnz6WrJDe" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1381589.43</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1577454.9</div></td></tr> <tr id="xdx_438_c20160331__20230630_eoef--AccmVal_pid_zqAUdYf3LWF8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1407701.47</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1628406.69</div></td></tr> <tr id="xdx_436_c20160331__20230930_eoef--AccmVal_pid_zyL9I85VdTsb" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1377013.58</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1562456.22</div></td></tr> <tr id="xdx_431_c20160331__20231231_eoef--AccmVal_pid_zCtkYm5sFqTf" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1538261.87</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1726045.39</div></td></tr> <tr id="xdx_433_c20160331__20240331_eoef--AccmVal_pid_zSxJPpksPSMl" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1590408.94</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1828399.88</div></td></tr> <tr id="xdx_434_c20160331__20240630_eoef--AccmVal_pid_zXY9msVHnnBl" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1593112.64</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1825291.6</div></td></tr> <tr id="xdx_439_c20160331__20240930_eoef--AccmVal_pid_zYotZSwYmEp6" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1686150.42</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1959085.47</div></td></tr> <tr id="xdx_433_c20160331__20241231_eoef--AccmVal_pid_z6MNDvk3Bwfa" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1532879.34</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1800987.27</div></td></tr> <tr id="xdx_43A_c20160331__20250331_eoef--AccmVal_pid_zRAIAKmVG2T2" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1616574.56</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1927236.48</div></td></tr> <tr id="xdx_435_c20160331__20250630_eoef--AccmVal_pid_zlvklbzFWMN4" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1820262.95</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2159853.92</div></td></tr> <tr id="xdx_430_c20160331__20250930_eoef--AccmVal_pid_zao2LCT9txha" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1905997.34</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2264174.87</div></td></tr> <tr id="xdx_433_c20160331__20251231_eoef--AccmVal_pid_zsHqmtd7kPid" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2059430.12</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2375345.86</div></td></tr> <tr id="xdx_439_c20160331__20260331_eoef--AccmVal_pid_zI1IKohhLmy2" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2026</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2148191.56</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2348741.98</div></td></tr> </table></div></div><img alt="line" src="qes3zqgh1mpfr3544.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> 1000000.0 1000000.0 934100.0 988100.0 1057027.56 1052326.5 1058295.99 1045170.68 1138197.34 1122408.79 1207968.84 1193906.23 1268729.67 1259212.9 1330263.06 1312981.3 1306185.3 1294468.26 1318855.3 1281911.92 1341143.95 1300115.07 1158211.91 1137600.68 1264419.95 1252839.63 1287053.06 1302577.37 1252302.63 1289551.59 1370269.54 1395423.78 916847.35 1078383.5 1076928.9 1241003.73 1110421.38 1301564.71 1412900.17 1510986.47 1535116.03 1565381.98 1556607.66 1649599.53 1523763.24 1643825.93 1536562.85 1688866.77 1450515.33 1591081.38 1232792.98 1363715.85 1086337.17 1237026.65 1278184.32 1452269.28 1381589.43 1577454.9 1407701.47 1628406.69 1377013.58 1562456.22 1538261.87 1726045.39 1590408.94 1828399.88 1593112.64 1825291.6 1686150.42 1959085.47 1532879.34 1800987.27 1616574.56 1927236.48 1820262.95 2159853.92 1905997.34 2264174.87 2059430.12 2375345.86 2148191.56 2348741.98 <p id="xdx_806_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000025967Member_dD_zQF8nZFEtZke" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 1pt; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0"><b style="box-sizing: border-box">AVERAGE ANNUAL TOTAL RETURNS</b></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">One Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Five Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ten Year</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Pear Tree Polaris Foreign Value Fund Institutional Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000025967Member_zl5qMi5pphOh" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">32.87%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--ClassAxis__custom--C000025967Member_zzzcSDfuUqRd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.95%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--AvgAnnlRtrPct_dp_c20160401__20260331__oef--ClassAxis__custom--C000025967Member_zOrEd5ZUMUf8" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.94%</span></div></td></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">MSCI EAFE</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--BroadBasedIndexAxis__custom--MSCIFAFEMember_zxGNclX9dJDk" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">21.88%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--BroadBasedIndexAxis__custom--MSCIFAFEMember_zFcKhU3QD8fk" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.45%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--AvgAnnlRtrPct_dp_c20160401__20260331__oef--BroadBasedIndexAxis__custom--MSCIFAFEMember_z7HzgWsgowie" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.91%</span></div></td></tr> </table></div></div></div> 0.3287 0.0695 0.0794 0.2188 0.0845 0.0891 Neither the Fund’s returns nor the index returns reflect the deduction of taxes that a shareholder would pay on fund distributions or redemptions of Fund shares. <span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt">Visit </span></span><span style="box-sizing: border-box; font-family: Kohinoor Medium, Arial"><span style="box-sizing: border-box; font-size: 8pt">www.peartreefunds.com/pricesandperformance/</span></span><span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt"> for more recent performance information.</span></span> The Fund's past performance is not a good predictor of the Fund's future performance. <p id="xdx_80A_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000025967Member_dD_zgNt8GWcRfqc" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">Key Fund Statistics</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Net Assets</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eus-gaap--AssetsNet_iE_c20250401__20260331__oef--ClassAxis__custom--C000025967Member_zbe9n1FFPld5" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$1,398,714,960</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Holdings</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--HoldingsCount_iE_uHoldings_c20250401__20260331__oef--ClassAxis__custom--C000025967Member_zVRZvGhlh6Ld" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">59</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Advisory Fee</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--AdvisoryFeesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000025967Member_zqqpZ3lpBlU9" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$14,679,283</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portfolio Turnover</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250401__20260331__oef--ClassAxis__custom--C000025967Member_zZXfhqHpfYS2" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">29%</span></div></td></tr> </table></div></div></div> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 12pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p> 1398714960 59 14679283 0.29 <div id="xdx_800_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000025967Member_dD_zKdqEMkEU8qa" style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What did the Fund invest in?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p></div><div style="margin: 0; padding: 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">COUNTRY ALLOCATION</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: -2pt 0 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japan</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--GeographicRegionAxis__country--JP_zVAssjaOL4Wc" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">14.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Korea</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--GeographicRegionAxis__country--KR_zkr8qWG17qW9" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">13.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">France</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--GeographicRegionAxis__country--FR_z3NRZIUNHgjl" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">10.9</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Germany</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--GeographicRegionAxis__country--DE_z0btPEBNxly1" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">9.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--GeographicRegionAxis__country--GB_zPDZvxHlq2o1" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ireland</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--GeographicRegionAxis__country--IE_z3MQTHP8sSfh" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Norway</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--GeographicRegionAxis__country--NO_zbiTsy9ISIEe" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Sweden</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--GeographicRegionAxis__country--SE_zJ1amWbu1dNe" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Spain</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--GeographicRegionAxis__country--ES_zMOGyhB9LSe4" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--GeographicRegionAxis__country--CN_z0jOCtXa7aab" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Italy</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--GeographicRegionAxis__country--IT_zRVFeY8F8zA3" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Switzerland</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--GeographicRegionAxis__country--CH_znGnqlHoYSu6" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Netherlands</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--GeographicRegionAxis__country--NL_z8IbV8HTI4Bj" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Puerto Rico</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--GeographicRegionAxis__country--PR_ziti3QpbKVka" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Singapore</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--GeographicRegionAxis__country--SG_zyghVsZ0WPqf" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hong Kong</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--GeographicRegionAxis__country--HK_zlb8FyW18m3k" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Chile</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--GeographicRegionAxis__country--CL_zAV8AxIG1K49" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--GeographicRegionAxis__country--TW_z33g7AbvMBIc" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Canada</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--GeographicRegionAxis__country--CA_zTneMQErR1z9" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Belgium</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--GeographicRegionAxis__country--BE_zlvwpfC8CEXj" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.9</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Russia</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--GeographicRegionAxis__country--RU_ztcJRVSwO0I4" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">&lt;0.1</span></div></td></tr> </table></div></div></div></div></div></div> 0.143 0.138 0.109 0.092 0.070 0.065 0.060 0.036 0.035 0.035 0.023 0.022 0.022 0.021 0.020 0.020 0.020 0.012 0.010 0.009 0.001 <p id="xdx_801_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000025967Member_dD_ziHyeAB9xNR6" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">TOP TEN HOLDINGS</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SK Hynix, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--LargestHoldingAxis__custom--SKHynixIncMember_zX8LwFnGihWb" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.9</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Samsung Electronics Company Limited</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--LargestHoldingAxis__custom--SamsungElectronicsCompanyLimitedMember_zRTIhJRW7A18" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Marubeni Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--LargestHoldingAxis__custom--MarubeniCorporationMember_zGXOiNUU4LCb" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">TotalEnergies SE</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--LargestHoldingAxis__custom--TotalEnergiesSEMember_zcstEYCC0CZf" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Endesa, S.A.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--LargestHoldingAxis__custom--EndesaSAMember_zLffoWUuaqb6" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Barry Callebaut AG</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--LargestHoldingAxis__custom--BarryCallebautAGMember_zJCAvNMpEBL9" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Jazz Pharmaceuticals plc</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--LargestHoldingAxis__custom--JazzPharmaceuticalsplcMember_zOqlRQJUsVHl" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Koninklijke Ahold Delhaize N.V.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--LargestHoldingAxis__custom--KoninklijkeAholdDelhaizeNVMember_z2H2g73Hu4Nb" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">DNB Bank ASA</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--LargestHoldingAxis__custom--DNBBankASAMember_zWJNNnkB0Etl" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">ORIX Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000025967Member__oef--LargestHoldingAxis__custom--ORIXCorporationMember_zOp9cCm13SK1" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div></td></tr> </table></div></div></div> 0.039 0.038 0.025 0.024 0.023 0.022 0.022 0.022 0.021 0.021 <p id="xdx_80C_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000025967Member_dD_zzNUV4Fuwoqf" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 8pt 0 4pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How has the Fund changed?</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 57.56px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_90B_eoef--UpdProspectusWebAddress_c20250401__20260331__oef--ClassAxis__custom--C000025967Member_zfKYCuRqopx4">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_90F_eoef--UpdProspectusPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000025967Member_z2EKIxOKSfqh">1-800-326-2151</span> or <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_900_eoef--UpdProspectusEmailAddress_c20250401__20260331__oef--ClassAxis__custom--C000025967Member_zYOHqLlY9um9">info@peartreefunds.com</span></span></span> or by contacting your financial intermediary.</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; min-height: 14.39px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">During the reporting period, there were no changes to the Institutional Share Class.</p> <p style="font: normal 300 9pt/1pt Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p><p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 44.01px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">The MSCI does not accept any liability for any errors or omissions in the indexes or data, and hereby expressly disclaims all warranties of originality, accuracy, completeness, timeliness, merchantability and fitness for a particular purpose. No party may rely on any indexes or data contained in this communication. Visit <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"></span><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"></span></span><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400">www.peartreefunds.com/fund-documents/</span></span> for additional legal notices &amp; disclaimers.</p> www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com Pear Tree Polaris Foreign Value Fund R6 Shares QFVRX This report describes changes to the Fund that occurred during the reporting period. This <span id="xdx_90C_eoef--ShareholderReportAnnualOrSemiAnnual_c20250401__20260331__oef--ClassAxis__custom--C000177797Member_zot9LoevEZJb">annual shareholder report</span> contains information about Pear Tree Polaris Foreign Value Fund (the "Fund") for the period April 1, 2025 to March 31, 2026. annual shareholder report You may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span id="xdx_909_eoef--AddlInfoWebsite_c20250401__20260331__oef--ClassAxis__custom--C000177797Member_zWmF94C75Bq6">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_90A_eoef--AddlInfoPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000177797Member_zD9aaQEOvvIj">1-800-326-2151</span> or <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_900_eoef--AddlInfoEmail_c20250401__20260331__oef--ClassAxis__custom--C000177797Member_zvt3g2iJ0Pjk">info@peartreefunds.com</span></span> or by contacting your financial intermediary. www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com <p id="xdx_805_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000177797Member_dU_zQuEG25k5rD3" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What were the Fund's costs for the last year?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 5pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(based on hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div></th></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">R6 Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_906_eoef--ExpensesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000177797Member_zCBQcPfSJx96">115</span></span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_901_eoef--ExpenseRatioPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000177797Member_fKg_____z8CWq76GFXB9">0.98</span>%*</span></div></td></tr> </table></div></div></div> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; width: 100%; margin-top: 4pt; margin-bottom: 4pt; color: #000"> <tr style="vertical-align: top"> <td id="xdx_F06_zTymfdWH77k6">*</td> <td id="xdx_F1D_zeQ25JCPPYj9">The percentage would have been 0.94% if the Trust did not engage a third party to assist in reclaiming EU tax overpayments made by the Fund.</td></tr> </table> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -4pt; margin-bottom: 0"> </p> 115 0.0098 <p id="xdx_80D_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000177797Member_dD_zCgiWwckSClc" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0"><b style="box-sizing: border-box">What affected the Fund’s performance this period?</b></p> <div style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; min-height: 129.51px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">The Fund’s performance was led by strong stock selection in Information Technology (“IT”), Industrials, Financials and Materials.IT was the standout sector contributor, driven by the AI‑fueled shortage in advanced chips and memory; SK Hynix and Samsung Electronics were the top two contributors overall as supply‑demand dynamics favored memory manufacturers. Industrials and Financials also drove results, with Marubeni closing in on guidance targets through new investments and a richer non‑resource profit mix, while Shinhan Financial and Mitsubishi UFJ benefited from strong quarterly results and earnings momentum. Materials contributed meaningfully: Lundin Mining posted record revenues on higher copper prices, and Yara International gained share after the Strait of Hormuz closure disrupted roughly 30% of global nitrogen supply. By country, South Korea dominated, followed by Japan, Canada and Norway. Key laggards included Teleperformance, pressured by fears that generative AI will disrupt customer service outsourcing; Nomad Foods, which cut full‑year guidance; Alibaba, amid skepticism over its sizeable AI and cloud capex; and Sanofi, following mixed COPD Phase 3 trial results.</p></div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; color: #000; line-height: 1pt; margin-top: -4pt; margin-bottom: 0"> </p> <p id="xdx_80F_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000177797Member_dD_zdi127tB8wz3" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 1pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How did the Fund perform since inception?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 15px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="box-sizing: border-box; color: #00549e"><span style="box-sizing: border-box; font-size: 9pt">CUMULATIVE PERFORMANCE</span></span></span> | February 6, 2017 (Commencement of Operations) through March 31, 2026</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(Initial Investment of $100,000)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Date</div></td> <td id="xdx_4B0_oef--ClassAxis_custom--C000177797Member_zU8XX6lbj4lg" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pear Tree Polaris Foreign Value Fund R6 Shares</div></td> <td id="xdx_4B0_oef--BroadBasedIndexAxis_custom--MSCIFAFEMember_zTZQo1HQRtsh" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">MSCI EAFE</div></td></tr> <tr id="xdx_437_c20170301__20170301_eoef--AccmVal_pid_zAEdX6tNsuVc" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/01/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">100000.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">100000.0</div></td></tr> <tr id="xdx_43C_c20170301__20170331_eoef--AccmVal_pid_z5rVjviMsVW9" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">103400.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">102867.33</div></td></tr> <tr id="xdx_431_c20170301__20170630_eoef--AccmVal_pid_zfWc1Lxp5Xe2" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">109697.06</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">109419.98</div></td></tr> <tr id="xdx_43A_c20170301__20170930_eoef--AccmVal_pid_z0pDypFCnEkj" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">115192.88</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">115405.25</div></td></tr> <tr id="xdx_436_c20170301__20171231_eoef--AccmVal_pid_z4buLFMLk00i" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">120825.81</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">120333.06</div></td></tr> <tr id="xdx_437_c20170301__20180331_eoef--AccmVal_pid_zjbJscO9Nqkc" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">118687.2</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">118636.36</div></td></tr> <tr id="xdx_430_c20170301__20180630_eoef--AccmVal_pid_zUaPxW3sIix1" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">119802.86</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">117485.59</div></td></tr> <tr id="xdx_43F_c20170301__20180930_eoef--AccmVal_pid_zAN6MLe24kX6" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">121839.51</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">119153.88</div></td></tr> <tr id="xdx_43D_c20170301__20181231_eoef--AccmVal_pid_zCtLvx4p1oOf" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">105196.23</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">104259.65</div></td></tr> <tr id="xdx_439_c20170301__20190331_eoef--AccmVal_pid_zjESYklRRKY7" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">114937.4</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">114821.15</div></td></tr> <tr id="xdx_43F_c20170301__20190630_eoef--AccmVal_pid_zED3cypPexS2" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">117029.26</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">119379.55</div></td></tr> <tr id="xdx_438_c20170301__20190930_eoef--AccmVal_pid_zy35QnpJhhz6" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">113775.85</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">118185.75</div></td></tr> <tr id="xdx_432_c20170301__20191231_eoef--AccmVal_pid_zvqMhR6j3JJb" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">124664.2</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">127888.8</div></td></tr> <tr id="xdx_436_c20170301__20200331_eoef--AccmVal_pid_zaa3api85hu3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">83400.35</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">98832.47</div></td></tr> <tr id="xdx_430_c20170301__20200630_eoef--AccmVal_pid_z3zADB8AEaJi" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">97987.07</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">113736.4</div></td></tr> <tr id="xdx_43C_c20170301__20200930_eoef--AccmVal_pid_zrandpMBhFAi" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">101014.87</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">119286.74</div></td></tr> <tr id="xdx_432_c20170301__20201231_eoef--AccmVal_pid_zfGql6f57rDh" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">128591.93</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">138479.98</div></td></tr> <tr id="xdx_43B_c20170301__20210331_eoef--AccmVal_pid_zSTtB5oR2S1i" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">139715.13</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">143465.26</div></td></tr> <tr id="xdx_43C_c20170301__20210630_eoef--AccmVal_pid_z1K9ajXSybAl" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">141741.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">151183.69</div></td></tr> <tr id="xdx_43B_c20170301__20210930_eoef--AccmVal_pid_z4XCi6PK1rkg" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">138821.13</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">150654.54</div></td></tr> <tr id="xdx_430_c20170301__20211231_eoef--AccmVal_pid_zkfnXPqmGARe" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">139959.47</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">154782.48</div></td></tr> <tr id="xdx_436_c20170301__20220331_eoef--AccmVal_pid_zbf9xdqwKiv8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">132093.75</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">145820.57</div></td></tr> <tr id="xdx_43B_c20170301__20220630_eoef--AccmVal_pid_znpcSjNh015i" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">112319.31</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">124982.81</div></td></tr> <tr id="xdx_436_c20170301__20220930_eoef--AccmVal_pid_ztN8oLuUdH87" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">99020.71</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">113371.91</div></td></tr> <tr id="xdx_437_c20170301__20221231_eoef--AccmVal_pid_zqfE1WjuGZG5" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">116567.17</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">133098.62</div></td></tr> <tr id="xdx_433_c20170301__20230331_eoef--AccmVal_pid_z57odLjsgYs3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">126055.74</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">144571.72</div></td></tr> <tr id="xdx_439_c20170301__20230630_eoef--AccmVal_pid_zKblQcf8vqB1" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">128463.41</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">149241.39</div></td></tr> <tr id="xdx_432_c20170301__20230930_eoef--AccmVal_pid_zquyG0tpcz0i" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">125701.44</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">143197.11</div></td></tr> <tr id="xdx_43F_c20170301__20231231_eoef--AccmVal_pid_zZ5eWP2ZWJRk" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">140395.94</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">158189.85</div></td></tr> <tr id="xdx_432_c20170301__20240331_eoef--AccmVal_pid_zkbqRx1Fg0N" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">145183.44</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">167570.51</div></td></tr> <tr id="xdx_430_c20170301__20240630_eoef--AccmVal_pid_zbZUE4aHkzMe" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">145560.92</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">167285.64</div></td></tr> <tr id="xdx_43D_c20170301__20240930_eoef--AccmVal_pid_zQrhwKChuvGk" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">154003.45</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">179547.68</div></td></tr> <tr id="xdx_43D_c20170301__20241231_eoef--AccmVal_pid_zkUoQAOQI8gh" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">140004.54</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">165058.18</div></td></tr> <tr id="xdx_439_c20170301__20250331_eoef--AccmVal_pid_zP2RavRU21bj" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">147690.79</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">176628.76</div></td></tr> <tr id="xdx_432_c20170301__20250630_eoef--AccmVal_pid_z0BQAkfi3CGj" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">166388.44</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">197947.85</div></td></tr> <tr id="xdx_437_c20170301__20250930_eoef--AccmVal_pid_zLNd98xifKEl" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">174341.81</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">207508.73</div></td></tr> <tr id="xdx_43E_c20170301__20251231_eoef--AccmVal_pid_zDYIyoR4eVj6" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">188324.02</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">217697.41</div></td></tr> <tr id="xdx_43C_c20170301__20260331_eoef--AccmVal_pid_zVEo8t4KIqO6" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2026</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">196440.79</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">215259.2</div></td></tr> </table></div></div><img alt="line" src="qesb1txzf1mpfr2q1d.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> 100000.0 100000.0 103400.0 102867.33 109697.06 109419.98 115192.88 115405.25 120825.81 120333.06 118687.2 118636.36 119802.86 117485.59 121839.51 119153.88 105196.23 104259.65 114937.4 114821.15 117029.26 119379.55 113775.85 118185.75 124664.2 127888.8 83400.35 98832.47 97987.07 113736.4 101014.87 119286.74 128591.93 138479.98 139715.13 143465.26 141741.0 151183.69 138821.13 150654.54 139959.47 154782.48 132093.75 145820.57 112319.31 124982.81 99020.71 113371.91 116567.17 133098.62 126055.74 144571.72 128463.41 149241.39 125701.44 143197.11 140395.94 158189.85 145183.44 167570.51 145560.92 167285.64 154003.45 179547.68 140004.54 165058.18 147690.79 176628.76 166388.44 197947.85 174341.81 207508.73 188324.02 217697.41 196440.79 215259.2 <p id="xdx_800_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000177797Member_dD_zcPWjw8iTt48" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 1pt; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0"><b style="box-sizing: border-box">AVERAGE ANNUAL TOTAL RETURNS</b></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">One Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Five Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Since Inception</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Pear Tree Polaris Foreign Value Fund R6 Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000177797Member_zj1ivsnnPiFh" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">33.00%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--ClassAxis__custom--C000177797Member_zeNzX9s2vFX" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.05%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--AvgAnnlRtrPct_dp_c20170301__20260331__oef--ClassAxis__custom--C000177797Member_zJHTMJf18Cdj" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.66%</span></div></td></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">MSCI EAFE</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--BroadBasedIndexAxis__custom--MSCIFAFEMember_zS6uXk8u2qg8" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">21.88%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--BroadBasedIndexAxis__custom--MSCIFAFEMember_zZjU8wpvCcHl" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.45%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--AvgAnnlRtrPct_dp_c20170301__20260331__oef--BroadBasedIndexAxis__custom--MSCIFAFEMember_zrQXRALw6N04" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.92%</span></div></td></tr> </table></div></div></div> 0.3300 0.0705 0.0766 0.2188 0.0845 0.0892 Neither the Fund’s returns nor the index returns reflect the deduction of taxes that a shareholder would pay on fund distributions or redemptions of Fund shares. <span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt">Visit </span></span><span style="box-sizing: border-box; font-size: 8pt"><span style="box-sizing: border-box; font-family: Kohinoor Medium, Arial">www.peartreefunds.com/pricesandperformance/</span></span><span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt"> for more recent performance information.</span></span> The Fund's past performance is not a good predictor of the Fund's future performance. <p id="xdx_80F_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000177797Member_dD_zzNR6aGMT62k" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">Key Fund Statistics</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Net Assets</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eus-gaap--AssetsNet_iE_c20250401__20260331__oef--ClassAxis__custom--C000177797Member_zofKaUsNwl6l" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$1,398,714,960</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Holdings</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--HoldingsCount_iE_uHoldings_c20250401__20260331__oef--ClassAxis__custom--C000177797Member_znGjUhuQeQZ6" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">59</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Advisory Fee</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--AdvisoryFeesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000177797Member_zUrJDraHs7i8" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$14,679,283</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portfolio Turnover</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250401__20260331__oef--ClassAxis__custom--C000177797Member_zADZXB1q7PKg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">29%</span></div></td></tr> </table></div></div></div> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 12pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p> 1398714960 59 14679283 0.29 <p id="xdx_803_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000177797Member_dD_zQzqBlFjd2m4" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What did the Fund invest in?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p><div style="margin: 0; padding: 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">COUNTRY ALLOCATION</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: -2pt 0 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japan</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--GeographicRegionAxis__country--JP_zXtLS4BYA8I7" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">14.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Korea</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--GeographicRegionAxis__country--KR_zYTocqCLZhc" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">13.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">France</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--GeographicRegionAxis__country--FR_zXilEGGwYP99" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">10.9</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Germany</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--GeographicRegionAxis__country--DE_zHZzOlKDtrWj" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">9.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--GeographicRegionAxis__country--GB_zamAJnQBZF51" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ireland</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--GeographicRegionAxis__country--IE_zyK2pEjrxw13" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Norway</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--GeographicRegionAxis__country--NO_znlMAK2n3BW" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Sweden</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--GeographicRegionAxis__country--SE_zV8BKvhNM9Y" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Spain</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--GeographicRegionAxis__country--ES_zuyhBoFUVgZg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--GeographicRegionAxis__country--CN_zCfYU6AB1ayh" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Italy</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--GeographicRegionAxis__country--IT_zPRsZE8HP7O7" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Switzerland</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--GeographicRegionAxis__country--CH_znN0zL0HvChd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Netherlands</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--GeographicRegionAxis__country--NL_zM3tPDIwfAo9" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Puerto Rico</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--GeographicRegionAxis__country--PR_zrdqoQFoBJYk" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Singapore</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--GeographicRegionAxis__country--SG_zKZS5EehyUJl" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hong Kong</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--GeographicRegionAxis__country--HK_zgZFvOMFQkZi" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Chile</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--GeographicRegionAxis__country--CL_zJVXyEE9bqK9" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--GeographicRegionAxis__country--TW_zkAZs7feA5le" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Canada</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--GeographicRegionAxis__country--CA_zwHT5ir4oHJ9" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Belgium</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--GeographicRegionAxis__country--BE_zN2qXqFeTUa4" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.9</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Russia</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--GeographicRegionAxis__country--RU_zJMkcNC4cNi" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">&lt;0.1</span></div></td></tr> </table></div></div></div></div></div></div> 0.143 0.138 0.109 0.092 0.070 0.065 0.060 0.036 0.035 0.035 0.023 0.022 0.022 0.021 0.020 0.020 0.020 0.012 0.010 0.009 0.001 <p id="xdx_808_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000177797Member_dD_zspZdTHK30H4" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">TOP TEN HOLDINGS</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SK Hynix, Inc.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--LargestHoldingAxis__custom--SKHynixIncMember_zZLjkBlUyobe" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.9</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Samsung Electronics Company Limited</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--LargestHoldingAxis__custom--SamsungElectronicsCompanyLimitedMember_zLcy2AgQyOm1" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Marubeni Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--LargestHoldingAxis__custom--MarubeniCorporationMember_zPZxTjyuxkie" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">TotalEnergies SE</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--LargestHoldingAxis__custom--TotalEnergiesSEMember_zb6YiCwrp9fg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Endesa, S.A.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--LargestHoldingAxis__custom--EndesaSAMember_zxQyjum6K6Ke" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Barry Callebaut AG</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--LargestHoldingAxis__custom--BarryCallebautAGMember_z3gVGCmoQ1hb" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Jazz Pharmaceuticals plc</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--LargestHoldingAxis__custom--JazzPharmaceuticalsplcMember_zsNBXojhDxSl" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Koninklijke Ahold Delhaize N.V.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--LargestHoldingAxis__custom--KoninklijkeAholdDelhaizeNVMember_zgaVNnz7GyX3" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">DNB Bank ASA</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--LargestHoldingAxis__custom--DNBBankASAMember_zBcl0LTO9IY2" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">ORIX Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177797Member__oef--LargestHoldingAxis__custom--ORIXCorporationMember_zqtNp1iEcGy3" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.1</span></div></td></tr> </table></div></div></div> 0.039 0.038 0.025 0.024 0.023 0.022 0.022 0.022 0.021 0.021 <p id="xdx_807_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000177797Member_dD_zyStkKWqJilg" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 8pt 0 4pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How has the Fund changed?</p> <p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 58.68px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_905_eoef--UpdProspectusWebAddress_c20250401__20260331__oef--ClassAxis__custom--C000177797Member_zaOUH3hwZADi">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_900_eoef--UpdProspectusPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000177797Member_z6Ty4GDtZD8c">1-800-326-2151</span> or <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_90F_eoef--UpdProspectusEmailAddress_c20250401__20260331__oef--ClassAxis__custom--C000177797Member_zjAX6dM5WoC3">info@peartreefunds.com</span></span></span> or by contacting your financial intermediary.</p> <p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 73.35px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">Effective December 5, 2025, a reverse stock split (the "Reverse Stock Split") of the issued and outstanding shares of Class R6 took place. As a result of the Reverse Stock Split, for each Class R6 share of the Fund a shareholder held, the shareholder received a proportional number of shares of Class R6 of the Fund with the same aggregate dollar value. The total dollar value of a shareholder's investment in Class R6 shares of the Fund was unchanged and each shareholder continued to own the same percentage (by value) of the Fund immediately following the Reverse Stock Split as the shareholder did immediately prior to the Reverse Stock Split. The Reverse Stock Split Ratio was 2.119 to 1.</p> <p style="font: normal 300 9pt/10pt Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p><p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 44.01px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">The MSCI does not accept any liability for any errors or omissions in the indexes or data, and hereby expressly disclaims all warranties of originality, accuracy, completeness, timeliness, merchantability and fitness for a particular purpose. No party may rely on any indexes or data contained in this communication. Visit <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"></span><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"></span></span><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400">www.peartreefunds.com/fund-documents/</span></span> for additional legal notices &amp; disclaimers.</p> www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com Pear Tree Polaris Foreign Value Small Cap Fund Ordinary Shares QUSOX This <span id="xdx_905_eoef--ShareholderReportAnnualOrSemiAnnual_c20250401__20260331__oef--ClassAxis__custom--C000063163Member_zNk72InShcU5">annual shareholder report</span> contains information about Pear Tree Polaris Foreign Value Small Cap Fund (the "Fund") for the period April 1, 2025 to March 31, 2026. annual shareholder report You may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span id="xdx_909_eoef--AddlInfoWebsite_c20250401__20260331__oef--ClassAxis__custom--C000063163Member_zGUoDu8DtHl2">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_904_eoef--AddlInfoPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000063163Member_z5dIgCJPtDD6">1-800-326-2151</span> or <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_900_eoef--AddlInfoEmail_c20250401__20260331__oef--ClassAxis__custom--C000063163Member_zeNyArldtiZd">info@peartreefunds.com</span></span> or by contacting your financial intermediary. www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com <p id="xdx_806_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000063163Member_dD_zmiuUjiaFgLf" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What were the Fund's costs for the last year?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 5pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(based on hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div></th></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ordinary Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_906_eoef--ExpensesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000063163Member_zzuW3GQRAUM5">160</span></span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90A_eoef--ExpenseRatioPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000063163Member_fKg_____zUrSuIC7ofzi">1.48</span>%*</span></div></td></tr> </table></div></div></div> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; width: 100%; margin-top: 4pt; margin-bottom: 4pt; color: #000"> <tr style="vertical-align: top"> <td id="xdx_F06_zO0OYZE78erb">*</td> <td id="xdx_F14_zzVSKndrNwva">The percentage would have been 1.44% if the Trust did not engage a third party to assist in reclaiming EU tax overpayments made by the Fund.</td></tr> </table> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -4pt; margin-bottom: 0"> </p> 160 0.0148 <p id="xdx_803_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000063163Member_dD_zewl0UOZfPm3" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0"><b style="box-sizing: border-box">What affected the Fund’s performance this period?</b></p> <div style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; min-height: 161.39px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">The Fund delivered a strong absolute return but trailed the MSCI ACWI ex USA Small Cap Index, which was lifted by sharp rallies in metals &amp; mining and other capital‑intensive sectors where the Fund is structurally underweight, as well as outsized gains in markets such as Taiwan, South Korea and Canada where positioning differed materially from the benchmark. Stock selection was strong in the sectors the Fund does emphasize: Utilities, Consumer Staples and Industrials, with Japan, Norway, the United Kingdom and France the largest country contributors. Utilities was the standout sector. Brazil’s Equatorial Energia posted robust earnings on volume growth, tariff adjustments and the profitable sale of transmission assets, while France’s Rubis and Portugal’s Redes Energéticas Nacionais rallied on rising electricity demand and grid‑investment tailwinds. Ireland’s Glanbia surged on strong whey protein demand tied to GLP‑1 adoption and functional nutrition, anchoring the Consumer Staples contribution. In Japan, Kanematsu Corp. benefited from sustained momentum in IT services and mobile retail, and Kraftia Corporation was sold at its target valuation. Norwegian regional banks Sparebanken Norge and SpareBank 1 Sør‑Norge gained as Norges Bank held policy rates at 4%, supporting net interest margins. Key detractors included goeasy Ltd., Zhongsheng Group, Hikma Pharmaceuticals and Sopra Steria.</p></div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; color: #000; line-height: 1pt; margin-top: -4pt; margin-bottom: 0"> </p> <p id="xdx_804_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000063163Member_dD_zzXLu1kw5kE1" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 1pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How did the Fund perform over the past 10 years?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 15px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="box-sizing: border-box; color: #00549e"><span style="box-sizing: border-box; font-size: 9pt">CUMULATIVE PERFORMANCE</span></span></span> | March 31, 2016 through March 31, 2026</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(Initial Investment of $10,000)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Date</div></td> <td id="xdx_4BE_oef--ClassAxis_custom--C000063163Member_zepnMGGQZ9Ih" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pear Tree Polaris Foreign Value Small Cap Fund Ordinary Shares</div></td> <td id="xdx_4B3_oef--BroadBasedIndexAxis_custom--MSCIACWIExUSASmallCapMember_zJci6phPmxi8" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">MSCI ACWI ex USA Small Cap</div></td> <td id="xdx_4BB_oef--BroadBasedIndexAxis_custom--MSCIACWIExUSAMember_z0iEpmLUdM9g" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">MSCI ACWI ex USA</div></td></tr> <tr id="xdx_434_c20160331__20160331_eoef--AccmVal_pid_ztxG6KsoLsY2" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10000.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10000.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10000.0</div></td></tr> <tr id="xdx_435_c20160331__20160630_eoef--AccmVal_pid_zjAZXURGHF6e" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">9760.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">9928.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">9960.0</div></td></tr> <tr id="xdx_43D_c20160331__20160930_eoef--AccmVal_pid_zG8owQ0OHYhd" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10606.19</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10722.24</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10657.2</div></td></tr> <tr id="xdx_43E_c20160331__20161231_eoef--AccmVal_pid_zKvKHhTXa78d" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10451.34</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10350.18</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10529.31</div></td></tr> <tr id="xdx_435_c20160331__20170331_eoef--AccmVal_pid_zmvvmNnncWM7" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11573.82</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11267.2</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11369.55</div></td></tr> <tr id="xdx_437_c20160331__20170630_eoef--AccmVal_pid_z9SLw6U45kIi" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12367.78</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11988.31</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12050.59</div></td></tr> <tr id="xdx_433_c20160331__20170930_eoef--AccmVal_pid_zEaMqI6Ca3oc" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13406.67</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12826.29</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12803.75</div></td></tr> <tr id="xdx_43A_c20160331__20171231_eoef--AccmVal_pid_zPjC2CtCpi6j" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13906.74</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13674.11</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13451.62</div></td></tr> <tr id="xdx_434_c20160331__20180331_eoef--AccmVal_pid_zdq3kzLuN3Zh" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13559.07</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13635.82</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13306.34</div></td></tr> <tr id="xdx_43C_c20160331__20180630_eoef--AccmVal_pid_zOiJNOis4dv6" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13290.6</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13303.1</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12988.32</div></td></tr> <tr id="xdx_436_c20160331__20180930_eoef--AccmVal_pid_zNa1iLxB0Mf2" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12995.55</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13114.2</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13092.23</div></td></tr> <tr id="xdx_437_c20160331__20181231_eoef--AccmVal_pid_zvj9Y42WBqz5" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11252.85</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11228.38</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11598.4</div></td></tr> <tr id="xdx_431_c20160331__20190331_eoef--AccmVal_pid_zg6chKqKPm9g" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12295.99</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12390.51</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12809.28</div></td></tr> <tr id="xdx_432_c20160331__20190630_eoef--AccmVal_pid_zwuZBWFMNWH9" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12277.54</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12562.74</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13221.74</div></td></tr> <tr id="xdx_434_c20160331__20190930_eoef--AccmVal_pid_zH6ibrbFKVDk" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12050.41</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12425.81</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12996.97</div></td></tr> <tr id="xdx_432_c20160331__20191231_eoef--AccmVal_pid_zL5tyaoXnhWd" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13530.2</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13801.35</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14165.39</div></td></tr> <tr id="xdx_43B_c20160331__20200331_eoef--AccmVal_pid_z2BcX39SkZdh" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">9376.43</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">9807.24</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10870.52</div></td></tr> <tr id="xdx_439_c20160331__20200630_eoef--AccmVal_pid_zIICzwVBHV5h" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11087.63</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12060.94</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12642.42</div></td></tr> <tr id="xdx_43C_c20160331__20200930_eoef--AccmVal_pid_zuw7z2PcUCRi" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11691.9</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13340.61</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13446.48</div></td></tr> <tr id="xdx_432_c20160331__20201231_eoef--AccmVal_pid_zxVhlzu8TqH" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14375.19</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15827.29</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15743.14</div></td></tr> <tr id="xdx_43B_c20160331__20210331_eoef--AccmVal_pid_zYUd9oUohvMh" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15946.4</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16715.21</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16309.89</div></td></tr> <tr id="xdx_433_c20160331__20210630_eoef--AccmVal_pid_zLqIfI5p9Z4a" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16678.34</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">17800.02</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">17229.77</div></td></tr> <tr id="xdx_43A_c20160331__20210930_eoef--AccmVal_pid_zM7TISpX8WX7" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16293.07</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">17816.04</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16733.55</div></td></tr> <tr id="xdx_439_c20160331__20211231_eoef--AccmVal_pid_zIZ6UcQF45p4" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16545.61</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">17940.75</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">17048.14</div></td></tr> <tr id="xdx_431_c20160331__20220331_eoef--AccmVal_pid_zTHbFSuUKCKa" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15511.51</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16787.16</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16139.47</div></td></tr> <tr id="xdx_433_c20160331__20220630_eoef--AccmVal_pid_zeroPBmc7CM7" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13307.33</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13869.55</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13954.19</div></td></tr> <tr id="xdx_437_c20160331__20220930_eoef--AccmVal_pid_z9lcMNiSntya" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11840.86</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12725.32</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12586.68</div></td></tr> <tr id="xdx_43F_c20160331__20221231_eoef--AccmVal_pid_z9NxLruc9jm8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13633.57</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14429.24</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14395.38</div></td></tr> <tr id="xdx_439_c20160331__20230331_eoef--AccmVal_pid_z1bevc9Vb6li" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14587.92</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15123.28</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15403.06</div></td></tr> <tr id="xdx_437_c20160331__20230630_eoef--AccmVal_pid_zfoOlgZlRGC5" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15050.35</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15463.56</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15814.32</div></td></tr> <tr id="xdx_43A_c20160331__20230930_eoef--AccmVal_pid_zq0uK2CjPYxa" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14752.36</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15219.23</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15232.36</div></td></tr> <tr id="xdx_43C_c20160331__20231231_eoef--AccmVal_pid_z7poSQePslz4" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16466.58</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16771.59</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16728.17</div></td></tr> <tr id="xdx_43E_c20160331__20240331_eoef--AccmVal_pid_zmMfQ5E0N825" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16749.81</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">17142.25</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">17532.8</div></td></tr> <tr id="xdx_432_c20160331__20240630_eoef--AccmVal_pid_zeqW1rqZ8ffg" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16749.81</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">17287.96</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">17737.93</div></td></tr> <tr id="xdx_430_c20160331__20240930_eoef--AccmVal_pid_zd35MuazWSKa" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">17778.24</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">18849.06</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">19187.12</div></td></tr> <tr id="xdx_439_c20160331__20241231_eoef--AccmVal_pid_zYHnYmFErs9h" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16087.53</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">17418.41</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">17748.09</div></td></tr> <tr id="xdx_43E_c20160331__20250331_eoef--AccmVal_pid_zwEAFukiKoQ2" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16872.6</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">17550.79</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">18699.38</div></td></tr> <tr id="xdx_43A_c20160331__20250630_eoef--AccmVal_pid_zx4h4RyEyFZ3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">19774.69</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">20562.51</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">20999.41</div></td></tr> <tr id="xdx_439_c20160331__20250930_eoef--AccmVal_pid_zPoPUWNqZnub" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">20344.2</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">21960.76</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">22475.67</div></td></tr> <tr id="xdx_437_c20160331__20251231_eoef--AccmVal_pid_zlV8YWNUfSi8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">20262.83</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">22623.98</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">23624.17</div></td></tr> <tr id="xdx_432_c20160331__20260331_eoef--AccmVal_pid_zsKHc2SIwxc9" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2026</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">19612.39</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">22538.01</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">23482.43</div></td></tr> </table></div></div><img alt="line" src="qes3zqgh1mpfr14j2.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> 10000.0 10000.0 10000.0 9760.0 9928.0 9960.0 10606.19 10722.24 10657.2 10451.34 10350.18 10529.31 11573.82 11267.2 11369.55 12367.78 11988.31 12050.59 13406.67 12826.29 12803.75 13906.74 13674.11 13451.62 13559.07 13635.82 13306.34 13290.6 13303.1 12988.32 12995.55 13114.2 13092.23 11252.85 11228.38 11598.4 12295.99 12390.51 12809.28 12277.54 12562.74 13221.74 12050.41 12425.81 12996.97 13530.2 13801.35 14165.39 9376.43 9807.24 10870.52 11087.63 12060.94 12642.42 11691.9 13340.61 13446.48 14375.19 15827.29 15743.14 15946.4 16715.21 16309.89 16678.34 17800.02 17229.77 16293.07 17816.04 16733.55 16545.61 17940.75 17048.14 15511.51 16787.16 16139.47 13307.33 13869.55 13954.19 11840.86 12725.32 12586.68 13633.57 14429.24 14395.38 14587.92 15123.28 15403.06 15050.35 15463.56 15814.32 14752.36 15219.23 15232.36 16466.58 16771.59 16728.17 16749.81 17142.25 17532.8 16749.81 17287.96 17737.93 17778.24 18849.06 19187.12 16087.53 17418.41 17748.09 16872.6 17550.79 18699.38 19774.69 20562.51 20999.41 20344.2 21960.76 22475.67 20262.83 22623.98 23624.17 19612.39 22538.01 23482.43 <p id="xdx_80A_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000063163Member_dD_zQROwlCAChZc" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 1pt; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0"><b style="box-sizing: border-box">AVERAGE ANNUAL TOTAL RETURNS</b></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">One Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Five Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ten Year</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Pear Tree Polaris Foreign Value Small Cap Fund Ordinary Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000063163Member_zwQDunWtuD5c" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">16.37%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_984_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--ClassAxis__custom--C000063163Member_zaMtLhczLbG6" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.25%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--AvgAnnlRtrPct_dp_c20160401__20260331__oef--ClassAxis__custom--C000063163Member_z7La76y3Awed" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.99%</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">MSCI ACWI ex USA Small Cap</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--BroadBasedIndexAxis__custom--MSCIACWIExUSASmallCapMember_zpmTJuaoO0y7" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">28.41%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--BroadBasedIndexAxis__custom--MSCIACWIExUSASmallCapMember_zLpgaS5IHLgh" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.16%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_984_eoef--AvgAnnlRtrPct_dp_c20160401__20260331__oef--BroadBasedIndexAxis__custom--MSCIACWIExUSASmallCapMember_zkF6yoiyyrw5" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.47%</span></div></td></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">MSCI ACWI ex USA</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--BroadBasedIndexAxis__custom--MSCIACWIExUSAMember_zCQYSsTdglOd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">25.58%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--BroadBasedIndexAxis__custom--MSCIACWIExUSAMember_zjlV1Zw1Lw6i" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.56%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--AvgAnnlRtrPct_dp_c20160401__20260331__oef--BroadBasedIndexAxis__custom--MSCIACWIExUSAMember_zXPP61S88dsg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.91%</span></div></td></tr> </table></div></div></div> 0.1637 0.0425 0.0699 0.2841 0.0616 0.0847 0.2558 0.0756 0.0891 Neither the Fund’s returns nor the index returns reflect the deduction of taxes that a shareholder would pay on fund distributions or redemptions of Fund shares. <span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt">Visit </span></span><span style="box-sizing: border-box; font-family: Kohinoor Medium, Arial"><span style="box-sizing: border-box; font-size: 8pt">www.peartreefunds.com/pricesandperformance/</span></span><span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt"> for more recent performance information.</span></span> The Fund's past performance is not a good predictor of the Fund's future performance. <p id="xdx_80B_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000063163Member_dD_zdHtogjrMTD6" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">Key Fund Statistics</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Net Assets</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eus-gaap--AssetsNet_iE_c20250401__20260331__oef--ClassAxis__custom--C000063163Member_zLcUGvLKFtve" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$617,081,836</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Holdings</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--HoldingsCount_iE_uHoldings_c20250401__20260331__oef--ClassAxis__custom--C000063163Member_zCPBYkDAvy04" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">56</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Advisory Fee</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--AdvisoryFeesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000063163Member_zgMrIM2ql4k2" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$6,344,470</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portfolio Turnover</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250401__20260331__oef--ClassAxis__custom--C000063163Member_zdW8RVAgIwfd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">27%</span></div></td></tr> </table></div></div></div> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 12pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p> 617081836 56 6344470 0.27 <p id="xdx_80A_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000063163Member_dD_zdPNVPMKBc57" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What did the Fund invest in?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p><div style="margin: 0; padding: 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">COUNTRY ALLOCATION</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: -2pt 0 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">France</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--GeographicRegionAxis__country--FR_zR5Tw8D7mVAg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">14.9</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japan</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--GeographicRegionAxis__country--JP_zZrw9Fte7MN7" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">11.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Norway</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--GeographicRegionAxis__country--NO_zYNM4CyUK5ge" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--GeographicRegionAxis__country--GB_zkRS7IOIMxGl" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Thailand</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--GeographicRegionAxis__country--TH_zYAF1XTIn2dl" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--GeographicRegionAxis__country--TW_zsHIwEJl4U8b" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Brazil</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--GeographicRegionAxis__country--BR_zVe8Q6jZCKjd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Sweden</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--GeographicRegionAxis__country--SE_z3Tqdhq7vbx6" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Belgium</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--GeographicRegionAxis__country--BE_zEYZ6XDqGFLa" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--GeographicRegionAxis__country--CN_z6cVxKzzcRzl" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Germany</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--GeographicRegionAxis__country--DE_zVeml4mFlJG4" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Canada</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--GeographicRegionAxis__country--CA_zaY7sOyqPS7g" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">India</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--GeographicRegionAxis__country--IN_zM3T8sLDDG8j" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portugal</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--GeographicRegionAxis__country--PT_zvnkkseOCJ7j" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ireland</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--GeographicRegionAxis__country--IE_zeu8hEo99Ym4" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Netherlands</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--GeographicRegionAxis__country--NL_zckwyoLNwD5l" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hong Kong</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--GeographicRegionAxis__country--HK_z4IPz30vAVKc" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Italy</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--GeographicRegionAxis__country--IT_zp2mJsKZjs11" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.9</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Korea</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--GeographicRegionAxis__country--KR_zgh8JajkBQ9i" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Singapore</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--GeographicRegionAxis__country--SG_z1JNsxWQp8ha" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Denmark</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--GeographicRegionAxis__country--DK_zIvOnStkglW5" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Africa</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--GeographicRegionAxis__country--ZA_zUWuzDVlzRVi" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Spain</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--GeographicRegionAxis__country--ES_zTSvU8RtdD52" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.5</span></div></td></tr> </table></div></div></div></div></div></div> 0.149 0.110 0.081 0.078 0.072 0.063 0.044 0.044 0.042 0.033 0.032 0.029 0.025 0.024 0.023 0.023 0.022 0.019 0.013 0.013 0.012 0.011 0.005 <p id="xdx_808_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000063163Member_dD_zUcQJPDYOl6h" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">TOP TEN HOLDINGS</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Equatorial Energia S.A.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--LargestHoldingAxis__custom--EquatorialEnergiaSAMember_z7Ogj5SYxIG7" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">D'Ieteren S.A.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--LargestHoldingAxis__custom--DIeterenSAMember_zgEgWzWbRSOe" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Rubis</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--LargestHoldingAxis__custom--RubisMember_zI1bR5gMYsLa" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Krungthai Card Public Company Limited</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--LargestHoldingAxis__custom--KrungthaiCardPublicCompanyLimitedMember_z8f6ZVtDog92" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Redes Energéticas Nacionais, SGPS, S.A.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--LargestHoldingAxis__custom--RedesEnergeticasNacionaisSGPSSAMember_zF3XKu2r6tW4" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">TISCO Financial Group</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--LargestHoldingAxis__custom--TISCOFinancialGroupMember_zKJW40uO9Yak" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Elis S.A.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--LargestHoldingAxis__custom--ElisSAMember_z24uTzRBJNzk" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ipsos</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--LargestHoldingAxis__custom--IpsosMember_zdTTA484nfGb" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Mizuho Leasing Company, Limited</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--LargestHoldingAxis__custom--MizuhoLeasingCompanyLimitedMember_zlBltHwrZ3y1" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Glanbia plc</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063163Member__oef--LargestHoldingAxis__custom--GlanbiaplcMember_zoZP0eSArCDl" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.3</span></div></td></tr> </table></div></div></div> 0.044 0.036 0.026 0.025 0.024 0.024 0.024 0.024 0.024 0.023 <p id="xdx_805_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000063163Member_dD_zHVlEA7wuvtf" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 8pt 0 4pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How has the Fund changed?</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 57.56px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_90A_eoef--UpdProspectusWebAddress_c20250401__20260331__oef--ClassAxis__custom--C000063163Member_zZWLaRciF0Pj">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_900_eoef--UpdProspectusPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000063163Member_zqj0pPR8k8ea">1-800-326-2151</span> or <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_90C_eoef--UpdProspectusEmailAddress_c20250401__20260331__oef--ClassAxis__custom--C000063163Member_zaany34o6cHc">info@peartreefunds.com</span></span></span> or by contacting your financial intermediary.</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; min-height: 14.39px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">During the reporting period, there were no changes to the Ordinary Share Class.</p> <p style="font: normal 300 9pt/1pt Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p><p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 44.01px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">The MSCI does not accept any liability for any errors or omissions in the indexes or data, and hereby expressly disclaims all warranties of originality, accuracy, completeness, timeliness, merchantability and fitness for a particular purpose. No party may rely on any indexes or data contained in this communication. Visit <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"></span><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"></span></span><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400">www.peartreefunds.com/fund-documents/</span></span> for additional legal notices &amp; disclaimers.</p> www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com Pear Tree Polaris Foreign Value Small Cap Fund Institutional Shares QUSIX This <span id="xdx_908_eoef--ShareholderReportAnnualOrSemiAnnual_c20250401__20260331__oef--ClassAxis__custom--C000063164Member_z8ZDsKpphTV8">annual shareholder report</span> contains information about Pear Tree Polaris Foreign Value Small Cap Fund (the "Fund") for the period April 1, 2025 to March 31, 2026. annual shareholder report You may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span id="xdx_90C_eoef--AddlInfoWebsite_c20250401__20260331__oef--ClassAxis__custom--C000063164Member_zAjnU9RnqQmk">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_901_eoef--AddlInfoPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000063164Member_zCw8yVzapjT4">1-800-326-2151</span> or <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_907_eoef--AddlInfoEmail_c20250401__20260331__oef--ClassAxis__custom--C000063164Member_zCes7kNrsXh4">info@peartreefunds.com</span></span> or by contacting your financial intermediary. www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com <p id="xdx_80D_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000063164Member_dD_zwEo8RSSltYg" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What were the Fund's costs for the last year?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 5pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(based on hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div></th></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Institutional Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_909_eoef--ExpensesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000063164Member_zv8JrLALQdh3">121</span></span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90D_eoef--ExpenseRatioPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000063164Member_fKg_____zFcOQ5CPcDpd">1.11</span>%*</span></div></td></tr> </table></div></div></div> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; width: 100%; margin-top: 4pt; margin-bottom: 4pt; color: #000"> <tr style="vertical-align: top"> <td id="xdx_F0D_ztHXhoOiNSVc">*</td> <td id="xdx_F14_zOjLeX0hDiu3">The percentage would have been 1.07% if the Trust did not engage a third party to assist in reclaiming EU tax overpayments made by the Fund.</td></tr> </table> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -4pt; margin-bottom: 0"> </p> 121 0.0111 <p id="xdx_80B_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000063164Member_dD_zgGezdjEKzQe" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0"><b style="box-sizing: border-box">What affected the Fund’s performance this period?</b></p> <div style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; min-height: 161.39px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">The Fund delivered a strong absolute return but trailed the MSCI ACWI ex USA Small Cap Index, which was lifted by sharp rallies in metals &amp; mining and other capital‑intensive sectors where the Fund is structurally underweight, as well as outsized gains in markets such as Taiwan, South Korea and Canada where positioning differed materially from the benchmark. Stock selection was strong in the sectors the Fund does emphasize: Utilities, Consumer Staples and Industrials, with Japan, Norway, the United Kingdom and France the largest country contributors. Utilities was the standout sector. Brazil’s Equatorial Energia posted robust earnings on volume growth, tariff adjustments and the profitable sale of transmission assets, while France’s Rubis and Portugal’s Redes Energéticas Nacionais rallied on rising electricity demand and grid‑investment tailwinds. Ireland’s Glanbia surged on strong whey protein demand tied to GLP‑1 adoption and functional nutrition, anchoring the Consumer Staples contribution. In Japan, Kanematsu Corp. benefited from sustained momentum in IT services and mobile retail, and Kraftia Corporation was sold at its target valuation. Norwegian regional banks Sparebanken Norge and SpareBank 1 Sør‑Norge gained as Norges Bank held policy rates at 4%, supporting net interest margins. Key detractors included goeasy Ltd., Zhongsheng Group, Hikma Pharmaceuticals and Sopra Steria.</p></div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; color: #000; line-height: 1pt; margin-top: -4pt; margin-bottom: 0"> </p> <p id="xdx_806_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000063164Member_dD_zG24Iv2Dt2rb" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 1pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How did the Fund perform over the past 10 years?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 15px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="box-sizing: border-box; color: #00549e"><span style="box-sizing: border-box; font-size: 9pt">CUMULATIVE PERFORMANCE</span></span></span> | March 31, 2016 through March 31, 2026</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(Initial Investment of $1,000,000)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Date</div></td> <td id="xdx_4BA_oef--ClassAxis_custom--C000063164Member_zFu3DIP42tG3" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pear Tree Polaris Foreign Value Small Cap Fund Institutional Shares</div></td> <td id="xdx_4BD_oef--BroadBasedIndexAxis_custom--MSCIACWIExUSASmallCapOneMember_z0K1DKKBbpHl" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">MSCI ACWI ex USA Small Cap</div></td> <td id="xdx_4B6_oef--BroadBasedIndexAxis_custom--MSCIACWIExUSAOneMember_zdnYlMSOUd7e" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">MSCI ACWI ex USA</div></td></tr> <tr id="xdx_434_c20160331__20160331_eoef--AccmVal_pid_zp4zuEWs5Lk2" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1000000.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1000000.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1000000.0</div></td></tr> <tr id="xdx_435_c20160331__20160630_eoef--AccmVal_pid_z5vdL8UBq3Ue" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">977600.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">992800.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">996000.0</div></td></tr> <tr id="xdx_43D_c20160331__20160930_eoef--AccmVal_pid_zaPG7zDYCs4f" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1062064.64</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1072224.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1065720.0</div></td></tr> <tr id="xdx_43E_c20160331__20161231_eoef--AccmVal_pid_zHFb9VHbZ5Gi" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2016</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1047832.97</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1035017.83</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1052931.36</div></td></tr> <tr id="xdx_435_c20160331__20170331_eoef--AccmVal_pid_zCjts2o51bQl" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1161208.5</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1126720.41</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1136955.28</div></td></tr> <tr id="xdx_437_c20160331__20170630_eoef--AccmVal_pid_zUtHZPLareoi" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1242376.98</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1198830.51</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1205058.9</div></td></tr> <tr id="xdx_433_c20160331__20170930_eoef--AccmVal_pid_zzK0Uuc2eBu3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1346363.93</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1282628.77</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1280375.09</div></td></tr> <tr id="xdx_43A_c20160331__20171231_eoef--AccmVal_pid_zVJaGHrShbG1" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1398198.94</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1367410.53</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1345162.06</div></td></tr> <tr id="xdx_438_c20160331__20180331_eoef--AccmVal_pid_zEVoSjczLES3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1365061.63</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1363581.78</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1330634.31</div></td></tr> <tr id="xdx_43C_c20160331__20180630_eoef--AccmVal_pid_zTJZMwryCYd5" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1338852.44</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1330310.38</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1298832.15</div></td></tr> <tr id="xdx_436_c20160331__20180930_eoef--AccmVal_pid_zEcP0cNqrYLi" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1310067.11</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1311419.97</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1309222.81</div></td></tr> <tr id="xdx_437_c20160331__20181231_eoef--AccmVal_pid_zGkkEi8ANWw3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1135697.18</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1122837.78</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1159840.49</div></td></tr> <tr id="xdx_431_c20160331__20190331_eoef--AccmVal_pid_zltduaYXlPX8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1242907.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1239051.49</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1280927.84</div></td></tr> <tr id="xdx_432_c20160331__20190630_eoef--AccmVal_pid_zWm0PUpkEEO" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1242036.96</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1256274.31</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1322173.71</div></td></tr> <tr id="xdx_434_c20160331__20190930_eoef--AccmVal_pid_zu71v2OimG01" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1220052.91</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1242580.92</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1299696.76</div></td></tr> <tr id="xdx_432_c20160331__20191231_eoef--AccmVal_pid_zimwxUzmbf4g" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1371095.46</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1380134.63</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1416539.5</div></td></tr> <tr id="xdx_43B_c20160331__20200331_eoef--AccmVal_pid_zhIsvQ11UCu5" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">950854.7</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">980723.67</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1087052.41</div></td></tr> <tr id="xdx_439_c20160331__20200630_eoef--AccmVal_pid_zPWnuuqDiQdb" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1125336.54</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1206093.96</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1264241.95</div></td></tr> <tr id="xdx_43C_c20160331__20200930_eoef--AccmVal_pid_zeFdQWOyRRWc" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1187567.65</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1334060.53</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1344647.74</div></td></tr> <tr id="xdx_432_c20160331__20201231_eoef--AccmVal_pid_z4r6r0mtnj12" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1460826.96</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1582729.42</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1574313.58</div></td></tr> <tr id="xdx_43B_c20160331__20210331_eoef--AccmVal_pid_zWWvIedCgvF" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1622686.59</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1671520.54</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1630988.86</div></td></tr> <tr id="xdx_433_c20160331__20210630_eoef--AccmVal_pid_zqRWHRdWqon" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1699277.4</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1780002.22</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1722976.64</div></td></tr> <tr id="xdx_43A_c20160331__20210930_eoef--AccmVal_pid_zRchnvk5Fcci" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1661043.65</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1781604.22</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1673354.91</div></td></tr> <tr id="xdx_439_c20160331__20211231_eoef--AccmVal_pid_zLXDZdfQF5kb" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1688284.77</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1794075.45</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1704813.98</div></td></tr> <tr id="xdx_431_c20160331__20220331_eoef--AccmVal_pid_z0ZtSXUEwPu4" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1585805.89</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1678716.4</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1613947.4</div></td></tr> <tr id="xdx_433_c20160331__20220630_eoef--AccmVal_pid_znbhKErI6UBd" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1361572.93</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1386955.49</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1395418.92</div></td></tr> <tr id="xdx_437_c20160331__20220930_eoef--AccmVal_pid_zYpir3uMFM1k" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1211799.91</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1272531.66</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1258667.87</div></td></tr> <tr id="xdx_43F_c20160331__20221231_eoef--AccmVal_pid_zBybDQV3Ww8f" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1396235.86</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1442923.65</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1439538.44</div></td></tr> <tr id="xdx_439_c20160331__20230331_eoef--AccmVal_pid_zACuHkJdrnd8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1496206.34</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1512328.28</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1540306.13</div></td></tr> <tr id="xdx_437_c20160331__20230630_eoef--AccmVal_pid_zMdrOBZnkuod" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1544683.43</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1546355.67</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1581432.3</div></td></tr> <tr id="xdx_43A_c20160331__20230930_eoef--AccmVal_pid_zuS2ewYD8ujb" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1516261.25</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1521923.25</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1523235.59</div></td></tr> <tr id="xdx_43C_c20160331__20231231_eoef--AccmVal_pid_zro5xKNyat2i" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1693512.2</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1677159.42</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1672817.33</div></td></tr> <tr id="xdx_43E_c20160331__20240331_eoef--AccmVal_pid_z6JKTSdA4H6l" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1723826.06</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1714224.64</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1753279.84</div></td></tr> <tr id="xdx_432_c20160331__20240630_eoef--AccmVal_pid_zrXtlkbqmsIk" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1726067.04</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1728795.55</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1773793.22</div></td></tr> <tr id="xdx_430_c20160331__20240930_eoef--AccmVal_pid_zl8MqU531GN4" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1833083.19</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1884905.79</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1918712.12</div></td></tr> <tr id="xdx_439_c20160331__20241231_eoef--AccmVal_pid_zWdicrVX8uj3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1660773.37</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1741841.44</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1774808.71</div></td></tr> <tr id="xdx_43E_c20160331__20250331_eoef--AccmVal_pid_zEi0lYahoHQ" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1744476.35</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1755079.43</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1869938.46</div></td></tr> <tr id="xdx_43A_c20160331__20250630_eoef--AccmVal_pid_zW183tBuncE1" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2045572.97</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2056251.06</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2099940.89</div></td></tr> <tr id="xdx_439_c20160331__20250930_eoef--AccmVal_pid_zsrP7KgrqJT" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2106940.16</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2196076.14</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2247566.73</div></td></tr> <tr id="xdx_437_c20160331__20251231_eoef--AccmVal_pid_zI0DFMFvizy2" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2099776.56</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2262397.64</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2362417.39</div></td></tr> <tr id="xdx_432_c20160331__20260331_eoef--AccmVal_pid_zdIHaDuKGA4i" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2026</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2035523.4</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2253800.52</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">2348242.89</div></td></tr> </table></div></div><img alt="line" src="qes3zqgh1mpfr0dw7.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div></div> 1000000.0 1000000.0 1000000.0 977600.0 992800.0 996000.0 1062064.64 1072224.0 1065720.0 1047832.97 1035017.83 1052931.36 1161208.5 1126720.41 1136955.28 1242376.98 1198830.51 1205058.9 1346363.93 1282628.77 1280375.09 1398198.94 1367410.53 1345162.06 1365061.63 1363581.78 1330634.31 1338852.44 1330310.38 1298832.15 1310067.11 1311419.97 1309222.81 1135697.18 1122837.78 1159840.49 1242907.0 1239051.49 1280927.84 1242036.96 1256274.31 1322173.71 1220052.91 1242580.92 1299696.76 1371095.46 1380134.63 1416539.5 950854.7 980723.67 1087052.41 1125336.54 1206093.96 1264241.95 1187567.65 1334060.53 1344647.74 1460826.96 1582729.42 1574313.58 1622686.59 1671520.54 1630988.86 1699277.4 1780002.22 1722976.64 1661043.65 1781604.22 1673354.91 1688284.77 1794075.45 1704813.98 1585805.89 1678716.4 1613947.4 1361572.93 1386955.49 1395418.92 1211799.91 1272531.66 1258667.87 1396235.86 1442923.65 1439538.44 1496206.34 1512328.28 1540306.13 1544683.43 1546355.67 1581432.3 1516261.25 1521923.25 1523235.59 1693512.2 1677159.42 1672817.33 1723826.06 1714224.64 1753279.84 1726067.04 1728795.55 1773793.22 1833083.19 1884905.79 1918712.12 1660773.37 1741841.44 1774808.71 1744476.35 1755079.43 1869938.46 2045572.97 2056251.06 2099940.89 2106940.16 2196076.14 2247566.73 2099776.56 2262397.64 2362417.39 2035523.4 2253800.52 2348242.89 <p id="xdx_80F_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000063164Member_dD_z9awFVJ6Lojf" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 1pt; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0"><b style="box-sizing: border-box">AVERAGE ANNUAL TOTAL RETURNS</b></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">One Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Five Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ten Year</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Pear Tree Polaris Foreign Value Small Cap Fund Institutional Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000063164Member_zd1oCrk3jrei" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">16.82%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--ClassAxis__custom--C000063164Member_zlttqXOdsWR5" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.65%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--AvgAnnlRtrPct_dp_c20160401__20260331__oef--ClassAxis__custom--C000063164Member_zMwUyjcJtRMc" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.39%</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">MSCI ACWI ex USA Small Cap</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--BroadBasedIndexAxis__custom--MSCIACWIExUSASmallCapMember_zpHcADV6SMIh" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">28.41%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--BroadBasedIndexAxis__custom--MSCIACWIExUSASmallCapMember_zRgfRUPWmyib" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.16%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--AvgAnnlRtrPct_dp_c20160401__20260331__oef--BroadBasedIndexAxis__custom--MSCIACWIExUSASmallCapMember_z1M4ssvi3Ar5" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.47%</span></div></td></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">MSCI ACWI ex USA</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--BroadBasedIndexAxis__custom--MSCIACWIExUSAMember_zBkp147hFKgg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">25.58%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--BroadBasedIndexAxis__custom--MSCIACWIExUSAMember_zW1GKpF9gQ9l" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.56%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--AvgAnnlRtrPct_dp_c20160401__20260331__oef--BroadBasedIndexAxis__custom--MSCIACWIExUSAMember_z22NcM6A8Jxi" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.91%</span></div></td></tr> </table></div></div></div> 0.1682 0.0465 0.0739 0.2841 0.0616 0.0847 0.2558 0.0756 0.0891 Neither the Fund’s returns nor the index returns reflect the deduction of taxes that a shareholder would pay on fund distributions or redemptions of Fund shares. <span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt">Visit </span></span><span style="box-sizing: border-box; font-family: Kohinoor Medium, Arial"><span style="box-sizing: border-box; font-size: 8pt">www.peartreefunds.com/pricesandperformance/</span></span><span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt"> for more recent performance information.</span></span> The Fund's past performance is not a good predictor of the Fund's future performance. <p id="xdx_809_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000063164Member_dD_zOrqOIFTjTYe" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">Key Fund Statistics</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Net Assets</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eus-gaap--AssetsNet_iE_c20250401__20260331__oef--ClassAxis__custom--C000063164Member_zPftjx0GXhol" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$617,081,836</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Holdings</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--HoldingsCount_iE_uHoldings_c20250401__20260331__oef--ClassAxis__custom--C000063164Member_zKMwdLBXDnOe" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">56</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Advisory Fee</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--AdvisoryFeesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000063164Member_znPygmfljQP" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$6,344,470</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portfolio Turnover</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250401__20260331__oef--ClassAxis__custom--C000063164Member_zz8e7NkqRiQh" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">27%</span></div></td></tr> </table></div></div></div> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 12pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p> 617081836 56 6344470 0.27 <div id="xdx_801_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000063164Member_dD_z5m86ueaGG9i" style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What did the Fund invest in?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p></div><div style="margin: 0; padding: 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">COUNTRY ALLOCATION</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: -2pt 0 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">France</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--GeographicRegionAxis__country--FR_zrXER2UPg258" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">14.9</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japan</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--GeographicRegionAxis__country--JP_z4lIYpCf89ti" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">11.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Norway</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--GeographicRegionAxis__country--NO_zhIjrko7lcw7" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--GeographicRegionAxis__country--GB_zJcylm9J1FYa" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Thailand</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--GeographicRegionAxis__country--TH_zPX1G6BUpENi" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--GeographicRegionAxis__country--TW_zyqW8Bjnb56g" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Brazil</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--GeographicRegionAxis__country--BR_z4CPPuT9m4zd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Sweden</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--GeographicRegionAxis__country--SE_zsijVhVljJoe" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Belgium</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--GeographicRegionAxis__country--BE_zUKtkkIBGy82" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--GeographicRegionAxis__country--CN_z2EcJvxxeYMe" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Germany</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--GeographicRegionAxis__country--DE_zNKXw5rOIaAb" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Canada</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--GeographicRegionAxis__country--CA_z7zpGCeCcKkl" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">India</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--GeographicRegionAxis__country--IN_zXraOA1J9aVl" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portugal</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--GeographicRegionAxis__country--PT_zftknmE0Sa0g" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ireland</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--GeographicRegionAxis__country--IE_zO4mhJdTIzsc" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Netherlands</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--GeographicRegionAxis__country--NL_zvgGtZshEpi6" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hong Kong</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--GeographicRegionAxis__country--HK_zQCy2Jr8HpI3" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Italy</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--GeographicRegionAxis__country--IT_zJMn6TofSvBd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.9</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Korea</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--GeographicRegionAxis__country--KR_zAnjfhtbtQ6g" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Singapore</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--GeographicRegionAxis__country--SG_zDlY0qSUpZKc" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Denmark</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--GeographicRegionAxis__country--DK_zuxdnkAPkmJh" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Africa</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--GeographicRegionAxis__country--ZA_zAp6yzdmgIQ" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Spain</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--GeographicRegionAxis__country--ES_zXeWEL6rrA7d" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.5</span></div></td></tr> </table></div></div></div></div></div></div> 0.149 0.110 0.081 0.078 0.072 0.063 0.044 0.044 0.042 0.033 0.032 0.029 0.025 0.024 0.023 0.023 0.022 0.019 0.013 0.013 0.012 0.011 0.005 <p id="xdx_80E_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000063164Member_dD_z7mAHy98H35" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">TOP TEN HOLDINGS</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Equatorial Energia S.A.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--LargestHoldingAxis__custom--EquatorialEnergiaSAMember_zwmhSjrMGOYi" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">D'Ieteren S.A.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--LargestHoldingAxis__custom--DIeterenSAMember_zXkah8ksGxHf" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Rubis</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--LargestHoldingAxis__custom--RubisMember_zo7awGRsHBL2" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Krungthai Card Public Company Limited</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--LargestHoldingAxis__custom--KrungthaiCardPublicCompanyLimitedMember_zMErAQ49EsPb" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Redes Energéticas Nacionais, SGPS, S.A.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--LargestHoldingAxis__custom--RedesEnergeticasNacionaisSGPSSAMember_zQpQPhTTkT55" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">TISCO Financial Group</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--LargestHoldingAxis__custom--TISCOFinancialGroupMember_zxjL0K1ydFgg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Elis S.A.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--LargestHoldingAxis__custom--ElisSAMember_zaVI2MIfWhA7" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ipsos</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--LargestHoldingAxis__custom--IpsosMember_zTivtPIHqOm8" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Mizuho Leasing Company, Limited</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--LargestHoldingAxis__custom--MizuhoLeasingCompanyLimitedMember_z3KzQkoKKE6i" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Glanbia plc</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000063164Member__oef--LargestHoldingAxis__custom--GlanbiaplcMember_zz5rRJoL0Uyd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.3</span></div></td></tr> </table></div></div></div> 0.044 0.036 0.026 0.025 0.024 0.024 0.024 0.024 0.024 0.023 <p id="xdx_80D_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000063164Member_dD_zVja5azLckG3" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 8pt 0 4pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How has the Fund changed?</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 57.56px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_908_eoef--UpdProspectusWebAddress_c20250401__20260331__oef--ClassAxis__custom--C000063164Member_z02w5Ruhnea">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_901_eoef--UpdProspectusPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000063164Member_zFEU4ITurID">1-800-326-2151</span> or <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_900_eoef--UpdProspectusEmailAddress_c20250401__20260331__oef--ClassAxis__custom--C000063164Member_z5PfBO5vOFUa">info@peartreefunds.com</span></span></span> or by contacting your financial intermediary.</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; min-height: 14.39px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">During the reporting period, there were no changes to the Institutional Share Class.</p> <p style="font: normal 300 9pt/1pt Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p><p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 44.01px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">The MSCI does not accept any liability for any errors or omissions in the indexes or data, and hereby expressly disclaims all warranties of originality, accuracy, completeness, timeliness, merchantability and fitness for a particular purpose. No party may rely on any indexes or data contained in this communication. Visit <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"></span><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"></span></span><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400">www.peartreefunds.com/fund-documents/</span></span> for additional legal notices &amp; disclaimers.</p> www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com Pear Tree Polaris Foreign Value Small Cap Fund R6 Shares QUSRX This report describes changes to the Fund that occurred during the reporting period. This <span id="xdx_90E_eoef--ShareholderReportAnnualOrSemiAnnual_c20250401__20260331__oef--ClassAxis__custom--C000177800Member_zHT1cjg86ACf">annual shareholder report</span> contains information about Pear Tree Polaris Foreign Value Small Cap Fund (the "Fund") for the period April 1, 2025 to March 31, 2026. annual shareholder report You may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span id="xdx_901_eoef--AddlInfoWebsite_c20250401__20260331__oef--ClassAxis__custom--C000177800Member_zraNfWrZTEd9">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_903_eoef--AddlInfoPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000177800Member_zA8moFIy5Njk">1-800-326-2151</span> or <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_90F_eoef--AddlInfoEmail_c20250401__20260331__oef--ClassAxis__custom--C000177800Member_zqjrixIEwkWl">info@peartreefunds.com</span></span> or by contacting your financial intermediary. www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com <p id="xdx_80B_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000177800Member_dU_zAL4pp5HUvMh" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What were the Fund's costs for the last year?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: -1pt 0 3pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(based on hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div></th></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">R6 Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_903_eoef--ExpensesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000177800Member_zzBpZJEBl2Lf">117</span></span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_905_eoef--ExpenseRatioPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000177800Member_fKg_____zo6D0j6v4Nh5">1.08</span>%*</span></div></td></tr> </table></div></div></div> <table border="0" cellpadding="0" cellspacing="0" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; width: 100%; margin-top: 2pt; margin-bottom: 2pt; color: #000"> <tr style="vertical-align: top"> <td id="xdx_F0D_zzlYkT9Sl0sd">*</td> <td id="xdx_F1B_z5KM0D8gEBJb">The percentage would have been 1.03% if the Trust did not engage a third party to assist in reclaiming EU tax overpayments made by the Fund.</td></tr> </table> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -4pt; margin-bottom: 0"> </p> 117 0.0108 <p id="xdx_80C_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000177800Member_dD_zUEPtiI1M968" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0"><b style="box-sizing: border-box">What affected the Fund’s performance this period?</b></p> <div style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; min-height: 161.39px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">The Fund delivered a strong absolute return but trailed the MSCI ACWI ex USA Small Cap Index, which was lifted by sharp rallies in metals &amp; mining and other capital‑intensive sectors where the Fund is structurally underweight, as well as outsized gains in markets such as Taiwan, South Korea and Canada where positioning differed materially from the benchmark. Stock selection was strong in the sectors the Fund does emphasize: Utilities, Consumer Staples and Industrials, with Japan, Norway, the United Kingdom and France the largest country contributors. Utilities was the standout sector. Brazil’s Equatorial Energia posted robust earnings on volume growth, tariff adjustments and the profitable sale of transmission assets, while France’s Rubis and Portugal’s Redes Energéticas Nacionais rallied on rising electricity demand and grid‑investment tailwinds. Ireland’s Glanbia surged on strong whey protein demand tied to GLP‑1 adoption and functional nutrition, anchoring the Consumer Staples contribution. In Japan, Kanematsu Corp. benefited from sustained momentum in IT services and mobile retail, and Kraftia Corporation was sold at its target valuation. Norwegian regional banks Sparebanken Norge and SpareBank 1 Sør‑Norge gained as Norges Bank held policy rates at 4%, supporting net interest margins. Key detractors included goeasy Ltd., Zhongsheng Group, Hikma Pharmaceuticals and Sopra Steria.</p></div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; color: #000; line-height: 1pt; margin-top: -4pt; margin-bottom: 0"> </p> <p id="xdx_804_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000177800Member_dD_zFaU8OwPKygg" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 1pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How did the Fund perform since inception?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 15px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="box-sizing: border-box; color: #00549e"><span style="box-sizing: border-box; font-size: 9pt">CUMULATIVE PERFORMANCE</span></span></span> | February 6, 2017 (Commencement of Operations) through March 31, 2026</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(Initial Investment of $100,000)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Date</div></td> <td id="xdx_4BD_oef--ClassAxis_custom--C000177800Member_zigE0kBiWRrg" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pear Tree Polaris Foreign Value Small Cap Fund R6 Shares</div></td> <td id="xdx_4B7_oef--BroadBasedIndexAxis_custom--MSCIACWIExUSASmallCapMember_zdaMv6hFUWu8" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">MSCI ACWI ex USA Small Cap</div></td> <td id="xdx_4B6_oef--BroadBasedIndexAxis_custom--MSCIACWIExUSAMember_zjqgmRtxIPpg" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">MSCI ACWI ex USA</div></td></tr> <tr id="xdx_432_c20170301__20170301_eoef--AccmVal_pid_zxy9i1HZRQM5" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/01/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">100000.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">100000.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">100000.0</div></td></tr> <tr id="xdx_43B_c20170301__20170331_eoef--AccmVal_pid_zfkaJyV0hskh" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">106300.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">102131.34</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">102628.08</div></td></tr> <tr id="xdx_439_c20170301__20170630_eoef--AccmVal_pid_zpWZxwn7FgR1" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">113698.48</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">108667.75</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">108775.5</div></td></tr> <tr id="xdx_436_c20170301__20170930_eoef--AccmVal_pid_zY7Ja9QQcLw8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">123294.63</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">116263.62</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">115573.97</div></td></tr> <tr id="xdx_43F_c20170301__20171231_eoef--AccmVal_pid_zBN8LqbbsSXh" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2017</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">128090.79</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">123948.65</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">121422.01</div></td></tr> <tr id="xdx_43A_c20170301__20180331_eoef--AccmVal_pid_zRHOrJFb6jOb" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">125067.85</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">123601.59</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">120110.66</div></td></tr> <tr id="xdx_431_c20170301__20180630_eoef--AccmVal_pid_zBwdoLgRqVCb" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">122679.05</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">120585.71</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">117240.01</div></td></tr> <tr id="xdx_434_c20170301__20180930_eoef--AccmVal_pid_zwB2Lk4DrhLb" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">120078.26</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">118873.39</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">118177.93</div></td></tr> <tr id="xdx_432_c20170301__20181231_eoef--AccmVal_pid_zP8BYKJ0uFl4" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2018</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">103987.77</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">101779.4</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">104693.83</div></td></tr> <tr id="xdx_43C_c20170301__20190331_eoef--AccmVal_pid_zsGIzh5SrGmf" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">113877.01</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">112313.57</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">115623.87</div></td></tr> <tr id="xdx_43C_c20170301__20190630_eoef--AccmVal_pid_zGRXW73HeUd" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">113763.13</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">113874.73</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">119346.95</div></td></tr> <tr id="xdx_43C_c20170301__20190930_eoef--AccmVal_pid_zFcOgKwW1Sok" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">111760.9</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">112633.49</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">117319.25</div></td></tr> <tr id="xdx_434_c20170301__20191231_eoef--AccmVal_pid_z7NT6dXKdzig" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">125585.72</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">125102.02</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">127866.25</div></td></tr> <tr id="xdx_432_c20170301__20200331_eoef--AccmVal_pid_zKNCyasnexPa" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">87156.49</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">88897.5</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">98124.56</div></td></tr> <tr id="xdx_43B_c20170301__20200630_eoef--AccmVal_pid_zy2CX6dN6Qye" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">103106.13</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">109326.14</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">114118.86</div></td></tr> <tr id="xdx_43F_c20170301__20200930_eoef--AccmVal_pid_z8DjSx6OpTLh" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">108766.66</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">120925.64</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">121376.82</div></td></tr> <tr id="xdx_437_c20170301__20201231_eoef--AccmVal_pid_zDHZVkCd3nTh" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">133870.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">143466.18</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">142107.98</div></td></tr> <tr id="xdx_437_c20170301__20210331_eoef--AccmVal_pid_z85MdlV7lQy2" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">148742.96</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">151514.64</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">147223.87</div></td></tr> <tr id="xdx_430_c20170301__20210630_eoef--AccmVal_pid_zPi1QV71kkbg" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">155808.25</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">161347.94</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">155527.3</div></td></tr> <tr id="xdx_436_c20170301__20210930_eoef--AccmVal_pid_zeNvgNCKM696" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">152271.4</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">161493.15</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">151048.11</div></td></tr> <tr id="xdx_439_c20170301__20211231_eoef--AccmVal_pid_zgjlECKiEPYb" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">154875.24</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">162623.6</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">153887.82</div></td></tr> <tr id="xdx_43E_c20170301__20220331_eoef--AccmVal_pid_zucFvzCRXsui" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">145412.37</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">152166.9</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">145685.6</div></td></tr> <tr id="xdx_435_c20170301__20220630_eoef--AccmVal_pid_zzomIv9keoc4" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">124851.06</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">125720.3</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">125959.77</div></td></tr> <tr id="xdx_43F_c20170301__20220930_eoef--AccmVal_pid_z31K8aV34Ji3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">111104.96</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">115348.37</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">113615.71</div></td></tr> <tr id="xdx_43D_c20170301__20221231_eoef--AccmVal_pid_zis1JmVi98Me" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">128137.35</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">130793.52</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">129942.29</div></td></tr> <tr id="xdx_439_c20170301__20230331_eoef--AccmVal_pid_zhHuE7qFAmi2" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">137286.35</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">137084.69</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">139038.25</div></td></tr> <tr id="xdx_43E_c20170301__20230630_eoef--AccmVal_pid_zyPux0GVdkmh" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">141720.7</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">140169.09</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">142750.57</div></td></tr> <tr id="xdx_43A_c20170301__20230930_eoef--AccmVal_pid_zts6FSp7rR6h" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">139028.01</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">137954.42</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">137497.35</div></td></tr> <tr id="xdx_434_c20170301__20231231_eoef--AccmVal_pid_zY4LD0TYuQrj" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">155405.51</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">152025.77</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">150999.59</div></td></tr> <tr id="xdx_437_c20170301__20240331_eoef--AccmVal_pid_z1V1QfyFmhLi" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">158047.4</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">155385.54</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">158262.67</div></td></tr> <tr id="xdx_433_c20170301__20240630_eoef--AccmVal_pid_zQSQw410BXI9" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">158331.89</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">156706.32</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">160114.34</div></td></tr> <tr id="xdx_433_c20170301__20240930_eoef--AccmVal_pid_zV71Ntm9cOD3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">168227.63</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">170856.9</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">173195.68</div></td></tr> <tr id="xdx_43F_c20170301__20241231_eoef--AccmVal_pid_zH5g9CFj3uak" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">152330.12</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">157888.86</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">160206.0</div></td></tr> <tr id="xdx_432_c20170301__20250331_eoef--AccmVal_pid_zXXCMojVfzzj" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">160068.49</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">159088.81</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">168793.05</div></td></tr> <tr id="xdx_438_c20170301__20250630_eoef--AccmVal_pid_z3Fudcvf2bA6" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">187648.29</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">186388.46</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">189554.59</div></td></tr> <tr id="xdx_435_c20170301__20250930_eoef--AccmVal_pid_zJ6InJtR2061" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">193183.91</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">199062.87</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">202880.28</div></td></tr> <tr id="xdx_437_c20170301__20251231_eoef--AccmVal_pid_zcFIYCtSDuF8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">192952.09</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">205074.57</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">213247.46</div></td></tr> <tr id="xdx_435_c20170301__20260331_eoef--AccmVal_pid_zNALFBD1QLHf" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2026</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">187067.05</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">204295.29</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">211967.98</div></td></tr> </table></div></div><img alt="line" src="qesb1txzf1mpfqzebx.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> 100000.0 100000.0 100000.0 106300.0 102131.34 102628.08 113698.48 108667.75 108775.5 123294.63 116263.62 115573.97 128090.79 123948.65 121422.01 125067.85 123601.59 120110.66 122679.05 120585.71 117240.01 120078.26 118873.39 118177.93 103987.77 101779.4 104693.83 113877.01 112313.57 115623.87 113763.13 113874.73 119346.95 111760.9 112633.49 117319.25 125585.72 125102.02 127866.25 87156.49 88897.5 98124.56 103106.13 109326.14 114118.86 108766.66 120925.64 121376.82 133870.0 143466.18 142107.98 148742.96 151514.64 147223.87 155808.25 161347.94 155527.3 152271.4 161493.15 151048.11 154875.24 162623.6 153887.82 145412.37 152166.9 145685.6 124851.06 125720.3 125959.77 111104.96 115348.37 113615.71 128137.35 130793.52 129942.29 137286.35 137084.69 139038.25 141720.7 140169.09 142750.57 139028.01 137954.42 137497.35 155405.51 152025.77 150999.59 158047.4 155385.54 158262.67 158331.89 156706.32 160114.34 168227.63 170856.9 173195.68 152330.12 157888.86 160206.0 160068.49 159088.81 168793.05 187648.29 186388.46 189554.59 193183.91 199062.87 202880.28 192952.09 205074.57 213247.46 187067.05 204295.29 211967.98 <p id="xdx_80E_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000177800Member_dD_zyWSQzqZNKs7" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 1pt; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0"><b style="box-sizing: border-box">AVERAGE ANNUAL TOTAL RETURNS</b></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">One Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Five Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Since Inception</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Pear Tree Polaris Foreign Value Small Cap Fund R6 Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000177800Member_zjLA5VObwXy2" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">17.00%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--ClassAxis__custom--C000177800Member_zDwcU8MaUyla" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.72%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--AvgAnnlRtrPct_dp_c20170301__20260331__oef--ClassAxis__custom--C000177800Member_zdB3eH6tIfQd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.12%</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">MSCI ACWI ex USA Small Cap</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--BroadBasedIndexAxis__custom--MSCIACWIExUSASmallCapMember_zTdloVTWET71" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">28.41%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--BroadBasedIndexAxis__custom--MSCIACWIExUSASmallCapMember_zAskTFYLdF9" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.16%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--AvgAnnlRtrPct_dp_c20170301__20260331__oef--BroadBasedIndexAxis__custom--MSCIACWIExUSASmallCapMember_zJb2OkR6lf14" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.34%</span></div></td></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">MSCI ACWI ex USA</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--BroadBasedIndexAxis__custom--MSCIACWIExUSAMember_zoGoGdRG4l3f" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">25.58%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--BroadBasedIndexAxis__custom--MSCIACWIExUSAMember_zIaI3iQHOJnc" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.56%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--AvgAnnlRtrPct_dp_c20170301__20260331__oef--BroadBasedIndexAxis__custom--MSCIACWIExUSAMember_zTi4AxgcjhT1" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.72%</span></div></td></tr> </table></div></div></div> 0.1700 0.0472 0.0712 0.2841 0.0616 0.0834 0.2558 0.0756 0.0872 Neither the Fund’s returns nor the index returns reflect the deduction of taxes that a shareholder would pay on fund distributions or redemptions of Fund shares. <span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt">Visit </span></span><span style="box-sizing: border-box; font-family: Kohinoor Medium, Arial"><span style="box-sizing: border-box; font-size: 8pt">www.peartreefunds.com/pricesandperformance/</span></span><span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt"> for more recent performance information.</span></span> The Fund's past performance is not a good predictor of the Fund's future performance. <p id="xdx_80E_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000177800Member_dD_z07pZN2DIMdh" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">Key Fund Statistics</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Net Assets</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_984_eus-gaap--AssetsNet_iE_c20250401__20260331__oef--ClassAxis__custom--C000177800Member_zuRD7tOYIaV8" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$617,081,836</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Holdings</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--HoldingsCount_iE_uHoldings_c20250401__20260331__oef--ClassAxis__custom--C000177800Member_zga9Dx1Fog35" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">56</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Advisory Fee</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--AdvisoryFeesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000177800Member_ziQgwXtKOa25" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$6,344,470</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portfolio Turnover</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250401__20260331__oef--ClassAxis__custom--C000177800Member_zbXC9BUV0PC8" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">27%</span></div></td></tr> </table></div></div></div> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 12pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p> 617081836 56 6344470 0.27 <p id="xdx_806_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000177800Member_dD_ztRGuCm6BEW1" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What did the Fund invest in?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p><div style="margin: 0; padding: 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">COUNTRY ALLOCATION</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: -2pt 0 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">France</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--GeographicRegionAxis__country--FR_zOFfUNadjan" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">14.9</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japan</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--GeographicRegionAxis__country--JP_z928HV0VI7t" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">11.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Norway</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--GeographicRegionAxis__country--NO_zA6fmmq5fIcj" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--GeographicRegionAxis__country--GB_zRjSbI4XgdP2" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Thailand</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--GeographicRegionAxis__country--TH_zHckQqIxVJfl" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--GeographicRegionAxis__country--TW_zJXpogPmZkjd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Brazil</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--GeographicRegionAxis__country--BR_zLib8sqbrde8" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Sweden</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--GeographicRegionAxis__country--SE_zcLAeuti2wo7" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Belgium</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--GeographicRegionAxis__country--BE_zew6ugYZW4R3" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--GeographicRegionAxis__country--CN_zS8U9HdUtp98" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Germany</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--GeographicRegionAxis__country--DE_zlOgfHpt96ai" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Canada</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--GeographicRegionAxis__country--CA_zBxtGc379MJ5" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.9</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">India</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--GeographicRegionAxis__country--IN_zbV7ozd1ovCa" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portugal</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--GeographicRegionAxis__country--PT_zBKrgjX6tAih" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ireland</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--GeographicRegionAxis__country--IE_zIUXBOeOvxQ6" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Netherlands</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--GeographicRegionAxis__country--NL_zf2M5G7gfvi9" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hong Kong</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--GeographicRegionAxis__country--HK_zGMmmrAJyfk4" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Italy</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--GeographicRegionAxis__country--IT_zGBDrMEcGJW5" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.9</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Korea</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--GeographicRegionAxis__country--KR_z7Ar4rdoxrbe" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Singapore</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Denmark</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--GeographicRegionAxis__country--DK_zzV8iYRMNaQ6" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.2</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Africa</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--GeographicRegionAxis__country--ZA_zQgkmi4SS2l6" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Spain</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--GeographicRegionAxis__country--ES_z5Fep6iBppu4" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.5</span></div></td></tr> </table></div></div></div></div></div></div> 0.149 0.110 0.081 0.078 0.072 0.063 0.044 0.044 0.042 0.033 0.032 0.029 0.025 0.024 0.023 0.023 0.022 0.019 0.013 0.012 0.011 0.005 <p id="xdx_800_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000177800Member_dD_zpchFJ1zqlB4" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">TOP TEN HOLDINGS</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Equatorial Energia S.A.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--LargestHoldingAxis__custom--EquatorialEnergiaSAMember_z1gwhh5Fy89h" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">D'Ieteren S.A.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--LargestHoldingAxis__custom--DIeterenSAMember_zQHjvyQ0fg55" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Rubis</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--LargestHoldingAxis__custom--RubisMember_z8Pzfmaqq3xg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Krungthai Card Public Company Limited</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--LargestHoldingAxis__custom--KrungthaiCardPublicCompanyLimitedMember_zRWbo2urzX08" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Redes Energéticas Nacionais, SGPS, S.A.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--LargestHoldingAxis__custom--RedesEnergeticasNacionaisSGPSSAMember_zBdJ2U4XCiw2" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">TISCO Financial Group</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--LargestHoldingAxis__custom--TISCOFinancialGroupMember_zwMLs0zss0kc" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Elis S.A.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--LargestHoldingAxis__custom--ElisSAMember_zZehslymXczd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ipsos</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--LargestHoldingAxis__custom--IpsosMember_zsVs9Dut7G5b" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Mizuho Leasing Company, Limited</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--LargestHoldingAxis__custom--MizuhoLeasingCompanyLimitedMember_zlzGCEylm86l" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Glanbia plc</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000177800Member__oef--LargestHoldingAxis__custom--GlanbiaplcMember_z1n1k6X548v3" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.3</span></div></td></tr> </table></div></div></div> 0.044 0.036 0.026 0.025 0.024 0.024 0.024 0.024 0.024 0.023 <p id="xdx_80D_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000177800Member_dD_z4j62z8dWGP7" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 8pt 0 4pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How has the Fund changed?</p> <p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 58.68px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_905_eoef--UpdProspectusWebAddress_c20250401__20260331__oef--ClassAxis__custom--C000177800Member_zLOsMIHmdz95">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_907_eoef--UpdProspectusPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000177800Member_zXwhrpWWVkU3">1-800-326-2151</span> or <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_90E_eoef--UpdProspectusEmailAddress_c20250401__20260331__oef--ClassAxis__custom--C000177800Member_zUaTzP28CDwc">info@peartreefunds.com</span></span></span> or by contacting your financial intermediary.</p> <p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 73.35px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">Effective December 5, 2025, a reverse stock split (the "Reverse Stock Split") of the issued and outstanding shares of Class R6 took place. As a result of the Reverse Stock Split, for each Class R6 share of the Fund a shareholder held, the shareholder received a proportional number of shares of Class R6 of the Fund with the same aggregate dollar value. The total dollar value of a shareholder's investment in Class R6 shares of the Fund was unchanged and each shareholder continued to own the same percentage (by value) of the Fund immediately following the Reverse Stock Split as the shareholder did immediately prior to the Reverse Stock Split. The Reverse Stock Split Ratio was 1.429 to 1.</p> <p style="font: normal 300 9pt/10pt Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p><p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 44.01px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">The MSCI does not accept any liability for any errors or omissions in the indexes or data, and hereby expressly disclaims all warranties of originality, accuracy, completeness, timeliness, merchantability and fitness for a particular purpose. No party may rely on any indexes or data contained in this communication. Visit <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"></span><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"></span></span><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400">www.peartreefunds.com/fund-documents/</span></span> for additional legal notices &amp; disclaimers.</p> www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com Pear Tree Polaris International Opportunities Fund Ordinary Shares QISOX This <span id="xdx_90E_eoef--ShareholderReportAnnualOrSemiAnnual_c20250401__20260331__oef--ClassAxis__custom--C000209789Member_zOQZgPXqX1Kg">annual shareholder report</span> contains information about Pear Tree Polaris International Opportunities Fund (the "Fund") for the period April 1, 2025 to March 31, 2026. annual shareholder report You may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span id="xdx_907_eoef--AddlInfoWebsite_c20250401__20260331__oef--ClassAxis__custom--C000209789Member_zf0cW0ef2Ogj">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_906_eoef--AddlInfoPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000209789Member_zvSNLbkdYafi">1-800-326-2151</span> or <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_909_eoef--AddlInfoEmail_c20250401__20260331__oef--ClassAxis__custom--C000209789Member_zvsm19pTqlE1">info@peartreefunds.com</span></span> or by contacting your financial intermediary. www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com <p id="xdx_802_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000209789Member_dD_zGNJ3dihLKLb" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What were the Fund's costs for the last year?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 5pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(based on hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: -2pt 0 7pt; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div></th></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ordinary Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_900_eoef--ExpensesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000209789Member_zns3CRscq4Bi">152</span></span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_905_eoef--ExpenseRatioPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000209789Member_zvETlP356FBa">1.44</span>%</span></div></td></tr> </table></div></div></div> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -8pt; margin-bottom: 0"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -4pt; margin-bottom: 0"> </p> 152 0.0144 <p id="xdx_80C_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000209789Member_dD_zvjf7JR8MeX" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0"><b style="box-sizing: border-box">What affected the Fund’s performance this period?</b></p> <div style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; min-height: 143.9px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">The Fund delivered a strong absolute return but trailed the MSCI ACWI ex USA Index, which was lifted by sharp rallies in headline AI semiconductor names and in Energy, an area where the Fund had limited exposure. Stock selection was strong in the sectors the Fund does emphasize: Materials, Consumer Staples and Utilities, with Taiwan, Italy, Norway and Brazil the largest country contributors. Italy’s SOL S.p.A. led contributors, extending a multi‑year run of robust earnings as its European home‑care services division grew alongside the core industrial gas business. Taiwan’s Yageo Corporation and Hong Kong’s Kingboard Laminates rallied as IT components benefited from AI infrastructure demand, with Kingboard’s copper‑clad laminates a key input for printed circuit boards used in AI and server chips. Norway’s Sparebanken Norge gained as Norges Bank held policy rates at 4%, supporting net interest margins, while Peru’s Credicorp Ltd. expanded margins on loan growth and lower funding costs. Brazil’s Equatorial Energia anchored Utilities on volume growth, tariff adjustments and the profitable sale of its transmission assets. Key detractors included Canada’s goeasy Ltd.; France’s Neurones; Switzerland’s ALSO Holding; China’s Zhongsheng Group; and Thailand’s Krungthai Card.</p></div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; color: #000; line-height: 1pt; margin-top: -4pt; margin-bottom: 0"> </p> <p id="xdx_80E_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000209789Member_dD_z1H2nFnzcmI6" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 1pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How did the Fund perform since inception?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 15px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="box-sizing: border-box; color: #00549e"><span style="box-sizing: border-box; font-size: 9pt">CUMULATIVE PERFORMANCE</span></span></span> | January 30, 2019 (Commencement of Operations) through March 31, 2026</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(Initial Investment of $10,000)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Date</div></td> <td id="xdx_4BC_oef--ClassAxis_custom--C000209789Member_zlNKy4HjDl15" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pear Tree Polaris International Opportunities Fund Ordinary Shares</div></td> <td id="xdx_4B9_oef--BroadBasedIndexAxis_custom--MSCIACWIExUSAMember_zwkWO8TJPbJh" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">MSCI ACWI ex USA</div></td></tr> <tr id="xdx_437_c20190301__20190301_eoef--AccmVal_pid_zVIjAM9vJ1xk" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/01/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10000.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10000.0</div></td></tr> <tr id="xdx_433_c20190301__20190331_eoef--AccmVal_pid_zF2SnC8xf6Q" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10600.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10266.11</div></td></tr> <tr id="xdx_433_c20190301__20190630_eoef--AccmVal_pid_zbWpBOqMkfT9" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10990.08</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10596.68</div></td></tr> <tr id="xdx_43B_c20190301__20190930_eoef--AccmVal_pid_z34SbhDFatK6" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10000.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10416.64</div></td></tr> <tr id="xdx_438_c20190301__20191231_eoef--AccmVal_pid_z8JoPYKxLaOf" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11155.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11353.09</div></td></tr> <tr id="xdx_435_c20190301__20200331_eoef--AccmVal_pid_z83pBtUKEMw5" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">7487.24</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">8712.36</div></td></tr> <tr id="xdx_43D_c20190301__20200630_eoef--AccmVal_pid_zBhMPMA4B7G2" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">9166.62</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10132.48</div></td></tr> <tr id="xdx_437_c20190301__20200930_eoef--AccmVal_pid_z9OFbGn4bqp" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10048.45</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10776.91</div></td></tr> <tr id="xdx_43D_c20190301__20201231_eoef--AccmVal_pid_zpiMMYSAZ2Ah" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12633.92</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12617.6</div></td></tr> <tr id="xdx_432_c20190301__20210331_eoef--AccmVal_pid_zc7PfUHsabB5" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13182.23</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13071.83</div></td></tr> <tr id="xdx_438_c20190301__20210630_eoef--AccmVal_pid_zkiMHOIkao5" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13654.15</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13809.09</div></td></tr> <tr id="xdx_43B_c20190301__20210930_eoef--AccmVal_pid_zG8ojwlGBNKc" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13729.25</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13411.38</div></td></tr> <tr id="xdx_432_c20190301__20211231_eoef--AccmVal_pid_z6C2RVeKoF2j" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14289.41</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13663.52</div></td></tr> <tr id="xdx_43E_c20190301__20220331_eoef--AccmVal_pid_zijSMEf0BQbb" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13432.04</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12935.25</div></td></tr> <tr id="xdx_43E_c20190301__20220630_eoef--AccmVal_pid_zdGPuOpasO0h" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10955.17</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11183.82</div></td></tr> <tr id="xdx_431_c20190301__20220930_eoef--AccmVal_pid_zFM4TCJpNRQl" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">9896.9</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">10087.81</div></td></tr> <tr id="xdx_430_c20190301__20221231_eoef--AccmVal_pid_zur6kMAghYi4" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11493.27</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11537.42</div></td></tr> <tr id="xdx_435_c20190301__20230331_eoef--AccmVal_pid_z8DruM8ejYw2" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12534.56</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12345.04</div></td></tr> <tr id="xdx_438_c20190301__20230630_eoef--AccmVal_pid_z9M7pGzoc5id" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12609.77</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12674.65</div></td></tr> <tr id="xdx_437_c20190301__20230930_eoef--AccmVal_pid_zq9EBTt4dZC7" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">11879.67</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12208.23</div></td></tr> <tr id="xdx_43E_c20190301__20231231_eoef--AccmVal_pid_zd8J2koXC4Hj" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13324.23</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">13407.08</div></td></tr> <tr id="xdx_436_c20190301__20240331_eoef--AccmVal_pid_z2nOsUKmiLq3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12999.12</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14051.96</div></td></tr> <tr id="xdx_43D_c20190301__20240630_eoef--AccmVal_pid_zrMmbn2ZGoDg" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12923.73</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14216.36</div></td></tr> <tr id="xdx_430_c20190301__20240930_eoef--AccmVal_pid_zypX9yXk1rn3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14106.25</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15377.84</div></td></tr> <tr id="xdx_43E_c20190301__20241231_eoef--AccmVal_pid_zPBs6FMesysg" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12577.13</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14224.5</div></td></tr> <tr id="xdx_43D_c20190301__20250331_eoef--AccmVal_pid_zkgBKjIgyfV" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12974.57</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14986.94</div></td></tr> <tr id="xdx_430_c20190301__20250630_eoef--AccmVal_pid_zIJgLAiQDKNe" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14519.84</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">16830.33</div></td></tr> <tr id="xdx_437_c20190301__20250930_eoef--AccmVal_pid_zuckr5Jvt3pf" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">15038.2</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">18013.5</div></td></tr> <tr id="xdx_430_c20190301__20251231_eoef--AccmVal_pid_zbCHVzfALjGh" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14788.56</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">18933.99</div></td></tr> <tr id="xdx_43D_c20190301__20260331_eoef--AccmVal_pid_z2YbDnQjvGKi" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2026</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">14441.03</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">18820.39</div></td></tr> </table></div></div><img alt="line" src="qesb1txzf1mpfs4tl4.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> 10000.0 10000.0 10600.0 10266.11 10990.08 10596.68 10000.0 10416.64 11155.0 11353.09 7487.24 8712.36 9166.62 10132.48 10048.45 10776.91 12633.92 12617.6 13182.23 13071.83 13654.15 13809.09 13729.25 13411.38 14289.41 13663.52 13432.04 12935.25 10955.17 11183.82 9896.9 10087.81 11493.27 11537.42 12534.56 12345.04 12609.77 12674.65 11879.67 12208.23 13324.23 13407.08 12999.12 14051.96 12923.73 14216.36 14106.25 15377.84 12577.13 14224.5 12974.57 14986.94 14519.84 16830.33 15038.2 18013.5 14788.56 18933.99 14441.03 18820.39 <p id="xdx_80D_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000209789Member_dD_zLgA0fyDMDQ9" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 1pt; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0"><b style="box-sizing: border-box">AVERAGE ANNUAL TOTAL RETURNS</b></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">One Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Five Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Since Inception</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Pear Tree Polaris International Opportunities Fund Ordinary Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000209789Member_zUrOqqCswCVf" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">11.31%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--ClassAxis__custom--C000209789Member_zHIQBLcpbLxg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.84%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--AvgAnnlRtrPct_dp_c20190301__20260331__oef--ClassAxis__custom--C000209789Member_zMsWzraw4yMd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.25%</span></div></td></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">MSCI ACWI ex USA</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--BroadBasedIndexAxis__custom--MSCIACWIExUSAMember_zW1CIpuZnTx9" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">25.58%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--BroadBasedIndexAxis__custom--MSCIACWIExUSAMember_z9HuR1Rz2Io7" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.56%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--AvgAnnlRtrPct_dp_c20190301__20260331__oef--BroadBasedIndexAxis__custom--MSCIACWIExUSAMember_zeW1GcTrgBZj" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">9.22%</span></div></td></tr> </table></div></div></div> 0.1131 0.0184 0.0625 0.2558 0.0756 0.0922 Neither the Fund’s returns nor the index returns reflect the deduction of taxes that a shareholder would pay on fund distributions or redemptions of Fund shares. <span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt">Visit </span></span><span style="box-sizing: border-box; font-family: Kohinoor Medium, Arial"><span style="box-sizing: border-box; font-size: 8pt">www.peartreefunds.com/pricesandperformance/</span></span><span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt"> for more recent performance information.</span></span> The Fund's past performance is not a good predictor of the Fund's future performance. <p id="xdx_805_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000209789Member_dD_z2iCZh0S2x67" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">Key Fund Statistics</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Net Assets</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eus-gaap--AssetsNet_iE_c20250401__20260331__oef--ClassAxis__custom--C000209789Member_z6IFCgZBXgtl" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$64,877,205</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Holdings</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--HoldingsCount_iE_uHoldings_c20250401__20260331__oef--ClassAxis__custom--C000209789Member_zskzlqqJeZA2" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">50</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Advisory Fee</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--AdvisoryFeesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000209789Member_zNJS32PgrGhc" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$496,856</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portfolio Turnover</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250401__20260331__oef--ClassAxis__custom--C000209789Member_zaFA6Ghlh5s5" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">46%</span></div></td></tr> </table></div></div></div> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 12pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p> 64877205 50 496856 0.46 <p id="xdx_80B_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000209789Member_dD_zPKPiRk4PUr4" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What did the Fund invest in?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p><div style="margin: 0; padding: 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">COUNTRY ALLOCATION</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: -2pt 0 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hong Kong</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--GeographicRegionAxis__country--HK_z46GMXu8cbf7" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">10.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--GeographicRegionAxis__country--TW_zwBnvuTc8lId" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">9.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Belgium</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--GeographicRegionAxis__country--BE_zyfzoeLL4W7d" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japan</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--GeographicRegionAxis__country--JP_zXAgnfKbTR8a" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--GeographicRegionAxis__country--GB_zp9Msl80uow8" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--GeographicRegionAxis__country--CN_ziHTGk8xmoNf" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Italy</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--GeographicRegionAxis__country--IT_zqgy45fljAf4" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">France</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--GeographicRegionAxis__country--FR_zktX76BXlt0a" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.9</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Africa</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--GeographicRegionAxis__country--ZA_zHsWrBcwmIo3" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Thailand</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--GeographicRegionAxis__country--TH_zTOdHql5e7F9" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Norway</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--GeographicRegionAxis__country--NO_z0t9fdeBN79l" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Brazil</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--GeographicRegionAxis__country--BR_zyLTtvM6yKVl" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Australia</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--GeographicRegionAxis__country--AU_zqYmsXYNdBMi" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Canada</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--GeographicRegionAxis__country--CA_z4l7dSJVn2t7" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Indonesia</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--GeographicRegionAxis__country--ID_zp9y5xOfCObh" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ireland</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--GeographicRegionAxis__country--IE_zMNKRVwTKK74" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Switzerland</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--GeographicRegionAxis__country--CH_zN9eEiN2EMF6" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Mexico</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--GeographicRegionAxis__country--MX_zyJi5fgWRuYf" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portugal</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--GeographicRegionAxis__country--PT_zzMPymrRqOG3" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">India</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--GeographicRegionAxis__country--IN_zJlcEYqsKp74" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Malaysia</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--GeographicRegionAxis__country--MY_zcO04b0IHOM1" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Korea</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--GeographicRegionAxis__country--KR_z9a8csJ3sXM6" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Peru</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--GeographicRegionAxis__country--PE_zMnaSUlUxJxh" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--GeographicRegionAxis__country--US_zkxBOe7cNqG" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.5</span></div></td></tr> </table></div></div></div></div></div></div> 0.105 0.098 0.065 0.064 0.054 0.051 0.051 0.049 0.044 0.043 0.040 0.038 0.037 0.031 0.030 0.030 0.030 0.027 0.025 0.020 0.020 0.015 0.011 0.005 <p id="xdx_806_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000209789Member_dD_zxEyEOfG4kUe" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">TOP TEN HOLDINGS</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SOL S.p.A.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--LargestHoldingAxis__custom--SOLSpaMember_zefGxjE0ws7k" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Cranswick plc</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--LargestHoldingAxis__custom--CranswickplcMember_zpejDPTS8ip5" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Kingboard Laminates Holdings, Ltd.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--LargestHoldingAxis__custom--KingboardLaminatesHoldingsLtdMember_z5GZbj4LYnTk" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Sparebanken Norge</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--LargestHoldingAxis__custom--SparebankenNorgeMember_zzhpHark7R9a" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Yageo Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--LargestHoldingAxis__custom--YageoCorporationMember_zuSTOtmI63B2" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Chailease Holding Co., Ltd.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--LargestHoldingAxis__custom--ChaileaseHoldingCoLtdMember_zKXlOTiosKn2" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Equatorial Energia S.A.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--LargestHoldingAxis__custom--EquatorialEnergiaSAMember_ziZYDkm2I11d" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Macquarie Group Limited</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--LargestHoldingAxis__custom--MacquarieGroupLimitedMember_zI9u0le5ejI1" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">JAC Recruitment Co., Ltd.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--LargestHoldingAxis__custom--JACRecruitmentCoLtdMember_zEOQWP48i3K3" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">VSTECS Holdings Limited</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209789Member__oef--LargestHoldingAxis__custom--VSTECSHoldingsLimitedMember_zg08rCuIb6hg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div></td></tr> </table></div></div></div> 0.051 0.045 0.041 0.040 0.040 0.038 0.038 0.034 0.034 0.033 <p id="xdx_809_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000209789Member_dD_zRrkt90r78Ge" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 8pt 0 4pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How has the Fund changed?</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 57.56px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_90D_eoef--UpdProspectusWebAddress_c20250401__20260331__oef--ClassAxis__custom--C000209789Member_zOppEAoMwuok">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_902_eoef--UpdProspectusPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000209789Member_zCkm9nnb5LW3">1-800-326-2151</span> or <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_909_eoef--UpdProspectusEmailAddress_c20250401__20260331__oef--ClassAxis__custom--C000209789Member_z1x4yE8ervNd">info@peartreefunds.com</span></span></span> or by contacting your financial intermediary.</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; min-height: 14.39px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">During the reporting period, there were no changes to the Ordinary Share Class.</p> <p style="font: normal 300 9pt/1pt Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p><p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 44.01px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">The MSCI does not accept any liability for any errors or omissions in the indexes or data, and hereby expressly disclaims all warranties of originality, accuracy, completeness, timeliness, merchantability and fitness for a particular purpose. No party may rely on any indexes or data contained in this communication. Visit <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"></span><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"></span></span><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400">www.peartreefunds.com/fund-documents/</span></span> for additional legal notices &amp; disclaimers.</p> www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com Pear Tree Polaris International Opportunities Fund Institutional Shares QISIX This report describes changes to the Fund that occurred during the reporting period. This <span id="xdx_904_eoef--ShareholderReportAnnualOrSemiAnnual_c20250401__20260331__oef--ClassAxis__custom--C000209788Member_zDiDiovYGqji">annual shareholder report</span> contains information about Pear Tree Polaris International Opportunities Fund (the "Fund") for the period April 1, 2025 to March 31, 2026. annual shareholder report You may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span id="xdx_900_eoef--AddlInfoWebsite_c20250401__20260331__oef--ClassAxis__custom--C000209788Member_zSUNo6jaz6x7">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_906_eoef--AddlInfoPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000209788Member_zFdulZtN1jug">1-800-326-2151</span> or <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_908_eoef--AddlInfoEmail_c20250401__20260331__oef--ClassAxis__custom--C000209788Member_ztbO6EYRAjnf">info@peartreefunds.com</span></span> or by contacting your financial intermediary. www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com <p id="xdx_801_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000209788Member_dD_zZfTEY6Q01ei" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What were the Fund's costs for the last year?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 5pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(based on hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: -2pt 0 7pt; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div></th></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Institutional Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_904_eoef--ExpensesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000209788Member_zURaNLZUGxKh">105</span></span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_906_eoef--ExpenseRatioPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000209788Member_zOE4t51GRKri">0.99</span>%</span></div></td></tr> </table></div></div></div> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -8pt; margin-bottom: 0"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -4pt; margin-bottom: 0"> </p> 105 0.0099 <p id="xdx_804_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000209788Member_dD_zbKhkRXcosK9" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0"><b style="box-sizing: border-box">What affected the Fund’s performance this period?</b></p> <div style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; min-height: 143.9px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">The Fund delivered a strong absolute return but trailed the MSCI ACWI ex USA Index, which was lifted by sharp rallies in headline AI semiconductor names and in Energy, an area where the Fund had limited exposure. Stock selection was strong in the sectors the Fund does emphasize: Materials, Consumer Staples and Utilities, with Taiwan, Italy, Norway and Brazil the largest country contributors. Italy’s SOL S.p.A. led contributors, extending a multi‑year run of robust earnings as its European home‑care services division grew alongside the core industrial gas business. Taiwan’s Yageo Corporation and Hong Kong’s Kingboard Laminates rallied as IT components benefited from AI infrastructure demand, with Kingboard’s copper‑clad laminates a key input for printed circuit boards used in AI and server chips. Norway’s Sparebanken Norge gained as Norges Bank held policy rates at 4%, supporting net interest margins, while Peru’s Credicorp Ltd. expanded margins on loan growth and lower funding costs. Brazil’s Equatorial Energia anchored Utilities on volume growth, tariff adjustments and the profitable sale of its transmission assets. Key detractors included Canada’s goeasy Ltd.; France’s Neurones; Switzerland’s ALSO Holding; China’s Zhongsheng Group; and Thailand’s Krungthai Card.</p></div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; color: #000; line-height: 1pt; margin-top: -4pt; margin-bottom: 0"> </p> <p id="xdx_80D_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000209788Member_dD_z4vorJRcoYI8" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 1pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How did the Fund perform since inception?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 15px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="box-sizing: border-box; color: #00549e"><span style="box-sizing: border-box; font-size: 9pt">CUMULATIVE PERFORMANCE</span></span></span> | January 30, 2019 (Commencement of Operations) through March 31, 2026</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(Initial Investment of $1,000,000)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Date</div></td> <td id="xdx_4B4_oef--ClassAxis_custom--C000209788Member_zEB8hNS3Ya8" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pear Tree Polaris International Opportunities Fund Institutional Shares</div></td> <td id="xdx_4B7_oef--BroadBasedIndexAxis_custom--MSCIACWIExUSAOneMember_zKqGhz2TZYV8" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">MSCI ACWI ex USA</div></td></tr> <tr id="xdx_43E_c20190301__20190301_eoef--AccmVal_pid_zsM77Y6eqby4" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/01/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1000000.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1000000.0</div></td></tr> <tr id="xdx_43B_c20190301__20190331_eoef--AccmVal_pid_zVGkHQRajBif" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1060000.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1026610.68</div></td></tr> <tr id="xdx_43D_c20190301__20190630_eoef--AccmVal_pid_zNIqmaBtMLi9" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1101022.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1059667.54</div></td></tr> <tr id="xdx_43E_c20190301__20190930_eoef--AccmVal_pid_zBFoiqEgdkC8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1072065.12</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1041663.79</div></td></tr> <tr id="xdx_439_c20190301__20191231_eoef--AccmVal_pid_z6DIKQAqlEYa" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1196746.3</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1135309.37</div></td></tr> <tr id="xdx_43E_c20190301__20200331_eoef--AccmVal_pid_zGU9CzzlhYc8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">804572.53</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">871236.41</div></td></tr> <tr id="xdx_431_c20190301__20200630_eoef--AccmVal_pid_zis6dyOeS0R5" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">986405.93</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1013247.94</div></td></tr> <tr id="xdx_43F_c20190301__20200930_eoef--AccmVal_pid_zIxV7KSOZZ7l" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1082876.43</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1077690.51</div></td></tr> <tr id="xdx_432_c20190301__20201231_eoef--AccmVal_pid_zymgYwxDkk4b" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1362691.7</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1261760.05</div></td></tr> <tr id="xdx_430_c20190301__20210331_eoef--AccmVal_pid_zWR0EN4gwdeh" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1422377.59</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1307183.41</div></td></tr> <tr id="xdx_436_c20190301__20210630_eoef--AccmVal_pid_zNI9o35X99ql" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1475005.56</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1380908.56</div></td></tr> <tr id="xdx_436_c20190301__20210930_eoef--AccmVal_pid_z3LA01skbzN3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1485183.1</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1341138.39</div></td></tr> <tr id="xdx_434_c20190301__20211231_eoef--AccmVal_pid_zqfbyPowFYi4" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1545778.57</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1366351.79</div></td></tr> <tr id="xdx_438_c20190301__20220331_eoef--AccmVal_pid_zzEWXguEv2nc" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1456123.41</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1293525.24</div></td></tr> <tr id="xdx_432_c20190301__20220630_eoef--AccmVal_pid_zxNNR8ehJwZh" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1188342.32</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1118381.92</div></td></tr> <tr id="xdx_439_c20190301__20220930_eoef--AccmVal_pid_zMmdNcoTKYZ1" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1075925.13</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1008780.5</div></td></tr> <tr id="xdx_43C_c20190301__20221231_eoef--AccmVal_pid_zWDPEW66OZue" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1250870.56</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1153742.25</div></td></tr> <tr id="xdx_430_c20190301__20230331_eoef--AccmVal_pid_z39G4NpYYsA8" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1364074.35</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1234504.21</div></td></tr> <tr id="xdx_438_c20190301__20230630_eoef--AccmVal_pid_ze0nFrh6srAh" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1374441.31</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1267465.47</div></td></tr> <tr id="xdx_43A_c20190301__20230930_eoef--AccmVal_pid_zmFtpDp0Uz31" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1294723.72</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1220822.74</div></td></tr> <tr id="xdx_435_c20190301__20231231_eoef--AccmVal_pid_zk6IW4dssUxh" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1455787.35</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1340707.54</div></td></tr> <tr id="xdx_433_c20190301__20240331_eoef--AccmVal_pid_ztdJFrkIdkba" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1421867.5</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1405195.57</div></td></tr> <tr id="xdx_43F_c20190301__20240630_eoef--AccmVal_pid_znXZEfJJeuMa" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1414900.35</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1421636.36</div></td></tr> <tr id="xdx_436_c20190301__20240930_eoef--AccmVal_pid_zoLqqKFSBnH7" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1547335.02</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1537784.05</div></td></tr> <tr id="xdx_43A_c20190301__20241231_eoef--AccmVal_pid_zJ509cNnO99c" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1382079.64</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1422450.25</div></td></tr> <tr id="xdx_432_c20190301__20250331_eoef--AccmVal_pid_zc6OlR8YO3sj" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1428102.9</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1498693.58</div></td></tr> <tr id="xdx_437_c20190301__20250630_eoef--AccmVal_pid_zt4zPYo9WBv1" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1599903.67</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1683032.89</div></td></tr> <tr id="xdx_433_c20190301__20250930_eoef--AccmVal_pid_zvbioRdZa0Q4" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1659260.1</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1801350.1</div></td></tr> <tr id="xdx_439_c20190301__20251231_eoef--AccmVal_pid_zTLXAP8vtang" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1633043.79</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1893399.09</div></td></tr> <tr id="xdx_43D_c20190301__20260331_eoef--AccmVal_pid_znvVJnMhc3hb" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2026</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1595973.7</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">1882038.7</div></td></tr> </table></div></div><img alt="line" src="qesb1txzf1mpfs68oi.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> 1000000.0 1000000.0 1060000.0 1026610.68 1101022.0 1059667.54 1072065.12 1041663.79 1196746.3 1135309.37 804572.53 871236.41 986405.93 1013247.94 1082876.43 1077690.51 1362691.7 1261760.05 1422377.59 1307183.41 1475005.56 1380908.56 1485183.1 1341138.39 1545778.57 1366351.79 1456123.41 1293525.24 1188342.32 1118381.92 1075925.13 1008780.5 1250870.56 1153742.25 1364074.35 1234504.21 1374441.31 1267465.47 1294723.72 1220822.74 1455787.35 1340707.54 1421867.5 1405195.57 1414900.35 1421636.36 1547335.02 1537784.05 1382079.64 1422450.25 1428102.9 1498693.58 1599903.67 1683032.89 1659260.1 1801350.1 1633043.79 1893399.09 1595973.7 1882038.7 <p id="xdx_809_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000209788Member_dD_zVp4iodhL425" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 1pt; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0"><b style="box-sizing: border-box">AVERAGE ANNUAL TOTAL RETURNS</b></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">One Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Five Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Since Inception</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Pear Tree Polaris International Opportunities Fund Institutional Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000209788Member_zRJ1JEyNUpMe" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">11.76%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--ClassAxis__custom--C000209788Member_zWw2pFVyULwf" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.33%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--AvgAnnlRtrPct_dp_c20190301__20260331__oef--ClassAxis__custom--C000209788Member_znQC0geGKdV9" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.72%</span></div></td></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">MSCI ACWI ex USA</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--BroadBasedIndexAxis__custom--MSCIACWIExUSAMember_zZdonUsINs61" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">25.58%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_984_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--BroadBasedIndexAxis__custom--MSCIACWIExUSAMember_zMMatvHqJ5lf" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.56%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--AvgAnnlRtrPct_dp_c20190301__20260331__oef--BroadBasedIndexAxis__custom--MSCIACWIExUSAMember_zHUse17dqD43" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">9.22%</span></div></td></tr> </table></div></div></div> 0.1176 0.0233 0.0672 0.2558 0.0756 0.0922 Neither the Fund’s returns nor the index returns reflect the deduction of taxes that a shareholder would pay on fund distributions or redemptions of Fund shares. <span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt">Visit </span></span><span style="box-sizing: border-box; font-size: 8pt"><span style="box-sizing: border-box; font-family: Kohinoor Medium, Arial">www.peartreefunds.com/pricesandperformance/</span></span><span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt"> for more recent performance information.</span></span> The Fund's past performance is not a good predictor of the Fund's future performance. <p id="xdx_806_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000209788Member_dD_zFGQMKjg1ip" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">Key Fund Statistics</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Net Assets</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eus-gaap--AssetsNet_iE_c20250401__20260331__oef--ClassAxis__custom--C000209788Member_z7QZFlAaZhE2" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$64,877,205</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Holdings</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--HoldingsCount_iE_uHoldings_c20250401__20260331__oef--ClassAxis__custom--C000209788Member_z3eg1vkoYhWf" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">50</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Advisory Fee</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--AdvisoryFeesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000209788Member_z9vymq0cAo45" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$496,856</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portfolio Turnover</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250401__20260331__oef--ClassAxis__custom--C000209788Member_zX1Lz1pWXzmb" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">46%</span></div></td></tr> </table></div></div></div> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 12pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p> 64877205 50 496856 0.46 <div id="xdx_808_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000209788Member_dD_zDC70QO9ODRc" style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What did the Fund invest in?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p></div><div style="margin: 0; padding: 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">COUNTRY ALLOCATION</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: -2pt 0 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hong Kong</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--GeographicRegionAxis__country--HK_zk2u5NPggWU4" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">10.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--GeographicRegionAxis__country--TW_z6OgyVIkseO8" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">9.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Belgium</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--GeographicRegionAxis__country--BE_z80FSPvVtm89" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japan</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--GeographicRegionAxis__country--JP_zaXRYZlOqtYc" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--GeographicRegionAxis__country--GB_ziEyTdHIFPeg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--GeographicRegionAxis__country--CN_zIchx3wdFgYl" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Italy</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--GeographicRegionAxis__country--IT_z377kmyZdwJb" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">France</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--GeographicRegionAxis__country--FR_zez6uRZVK6ik" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.9</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Africa</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--GeographicRegionAxis__country--ZA_z4YsvSPc35i8" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Thailand</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--GeographicRegionAxis__country--TH_zOkmdNlTSwPb" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Norway</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--GeographicRegionAxis__country--NO_zBEb0aSHVqk9" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Brazil</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--GeographicRegionAxis__country--BR_zP9T4VXZciq" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Australia</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--GeographicRegionAxis__country--AU_ztMHJMApkiB2" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Canada</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--GeographicRegionAxis__country--CA_ziHbzWXo5lUe" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Indonesia</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--GeographicRegionAxis__country--ID_zwgUgWPKqIKl" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ireland</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--GeographicRegionAxis__country--IE_zt6Vb2qjViJe" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Switzerland</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--GeographicRegionAxis__country--CH_zI1LUNyDHLP8" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Mexico</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--GeographicRegionAxis__country--MX_zK2mnB8o5En9" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portugal</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--GeographicRegionAxis__country--PT_z4jGQK8LoAJf" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">India</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--GeographicRegionAxis__country--IN_zz0z4TNruGT7" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Malaysia</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--GeographicRegionAxis__country--MY_zVcJAC9QlPta" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Korea</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--GeographicRegionAxis__country--KR_zDMLizyT03kg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Peru</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--GeographicRegionAxis__country--PE_zumbAUFhJQG7" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--GeographicRegionAxis__country--US_z6hX7AKhmhyc" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.5</span></div></td></tr> </table></div></div></div></div></div></div> 0.105 0.098 0.065 0.064 0.054 0.051 0.051 0.049 0.044 0.043 0.040 0.038 0.037 0.031 0.030 0.030 0.030 0.027 0.025 0.020 0.020 0.015 0.011 0.005 <p id="xdx_807_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000209788Member_dD_z9oB3RyMP7qd" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">TOP TEN HOLDINGS</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SOL S.p.A.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--LargestHoldingAxis__custom--SOLSpaMember_zmdmQDaUttpe" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Cranswick plc</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--LargestHoldingAxis__custom--CranswickplcMember_zpUCHdaZ18zh" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Kingboard Laminates Holdings, Ltd.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--LargestHoldingAxis__custom--KingboardLaminatesHoldingsLtdMember_ziLnHvB5DS5g" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Sparebanken Norge</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--LargestHoldingAxis__custom--SparebankenNorgeMember_zN401kHK6xDg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Yageo Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--LargestHoldingAxis__custom--YageoCorporationMember_zaNrX0Cby1Y4" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Chailease Holding Co., Ltd.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--LargestHoldingAxis__custom--ChaileaseHoldingCoLtdMember_zXGEx4vUhXm3" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Equatorial Energia S.A.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--LargestHoldingAxis__custom--EquatorialEnergiaSAMember_zQuK3WEqEHN" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Macquarie Group Limited</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--LargestHoldingAxis__custom--MacquarieGroupLimitedMember_zrGiVUBsCPxf" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">JAC Recruitment Co., Ltd.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--LargestHoldingAxis__custom--JACRecruitmentCoLtdMember_zRxoBya79cT5" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">VSTECS Holdings Limited</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209788Member__oef--LargestHoldingAxis__custom--VSTECSHoldingsLimitedMember_z3mb3Q7goY1i" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div></td></tr> </table></div></div></div> 0.051 0.045 0.041 0.040 0.040 0.038 0.038 0.034 0.034 0.033 <p id="xdx_809_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000209788Member_dD_zy4ii5H1wz85" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 8pt 0 4pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How has the Fund changed?</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 57.56px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_907_eoef--UpdProspectusWebAddress_c20250401__20260331__oef--ClassAxis__custom--C000209788Member_zzxMACuxZFH3">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_906_eoef--UpdProspectusPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000209788Member_zULm6pFqGMMe">1-800-326-2151</span> or <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_906_eoef--UpdProspectusEmailAddress_c20250401__20260331__oef--ClassAxis__custom--C000209788Member_zOnEbuuNrYfe">info@peartreefunds.com</span></span></span> or by contacting your financial intermediary.</p> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; min-height: 57.56px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block"><span id="xdx_90F_eoef--MaterialFundChngExpensesTextBlock_c20250401__20260331__oef--ClassAxis__custom--C000209788Member_zFUUqaL7bXQi">On July 31, 2025, a contractual agreement for the Manager to reimburse with respect to the Institutional Shares a portion of expenses in an amount equal to 0.10 percent per annum terminated and reimbursements terminated for all periods after that date. The contract to reimburse expenses of Institutional Shares, such that 'Total Annual Fund Operating Expenses after Fee Waiver and/or Expense Reimbursement', other than extraordinary expenses is not greater than 0.99 percent remains in place and was extended through July 31, 2026.</span></p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; display: block"></p></div> <p style="font: normal 300 9pt/1pt Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p><p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 44.01px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">The MSCI does not accept any liability for any errors or omissions in the indexes or data, and hereby expressly disclaims all warranties of originality, accuracy, completeness, timeliness, merchantability and fitness for a particular purpose. No party may rely on any indexes or data contained in this communication. Visit <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"></span><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"></span></span><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400">www.peartreefunds.com/fund-documents/</span></span> for additional legal notices &amp; disclaimers.</p> www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com On July 31, 2025, a contractual agreement for the Manager to reimburse with respect to the Institutional Shares a portion of expenses in an amount equal to 0.10 percent per annum terminated and reimbursements terminated for all periods after that date. The contract to reimburse expenses of Institutional Shares, such that 'Total Annual Fund Operating Expenses after Fee Waiver and/or Expense Reimbursement', other than extraordinary expenses is not greater than 0.99 percent remains in place and was extended through July 31, 2026. Pear Tree Polaris International Opportunities Fund R6 Shares QISRX This <span id="xdx_903_eoef--ShareholderReportAnnualOrSemiAnnual_c20250401__20260331__oef--ClassAxis__custom--C000209787Member_zc9mJfmgru31">annual shareholder report</span> contains information about Pear Tree Polaris International Opportunities Fund (the "Fund") for the period April 1, 2025 to March 31, 2026. annual shareholder report You may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span id="xdx_90A_eoef--AddlInfoWebsite_c20250401__20260331__oef--ClassAxis__custom--C000209787Member_zQyquC9lXww6">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_90E_eoef--AddlInfoPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000209787Member_zAY0faK5G0Ql">1-800-326-2151</span> or <span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_909_eoef--AddlInfoEmail_c20250401__20260331__oef--ClassAxis__custom--C000209787Member_z0WpJvf5DUQi">info@peartreefunds.com</span></span> or by contacting your financial intermediary. www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com <p id="xdx_80A_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000209787Member_dU_zMsa0Rip8mY" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What were the Fund's costs for the last year?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 5pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(based on hypothetical $10,000 investment)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: -2pt 0 7pt; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div></th></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">R6 Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_90E_eoef--ExpensesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000209787Member_zii8MY2fMwB1">102</span></span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_902_eoef--ExpenseRatioPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000209787Member_zBswnGJ45bo4">0.96</span>%</span></div></td></tr> </table></div></div></div> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -8pt; margin-bottom: 0"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; box-sizing: border-box; text-align-last: auto; display: block; color: #000; margin-right: 0; margin-top: -4pt; margin-bottom: 0"> </p> 102 0.0096 <p id="xdx_807_eoef--FactorsAffectingPerfTextBlock_hoef--ClassAxis__custom--C000209787Member_dD_zseHCSWgwtce" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0 0 2pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0"><b style="box-sizing: border-box">What affected the Fund’s performance this period?</b></p> <div style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; min-height: 143.9px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">The Fund delivered a strong absolute return but trailed the MSCI ACWI ex USA Index, which was lifted by sharp rallies in headline AI semiconductor names and in Energy, an area where the Fund had limited exposure. Stock selection was strong in the sectors the Fund does emphasize: Materials, Consumer Staples and Utilities, with Taiwan, Italy, Norway and Brazil the largest country contributors. Italy’s SOL S.p.A. led contributors, extending a multi‑year run of robust earnings as its European home‑care services division grew alongside the core industrial gas business. Taiwan’s Yageo Corporation and Hong Kong’s Kingboard Laminates rallied as IT components benefited from AI infrastructure demand, with Kingboard’s copper‑clad laminates a key input for printed circuit boards used in AI and server chips. Norway’s Sparebanken Norge gained as Norges Bank held policy rates at 4%, supporting net interest margins, while Peru’s Credicorp Ltd. expanded margins on loan growth and lower funding costs. Brazil’s Equatorial Energia anchored Utilities on volume growth, tariff adjustments and the profitable sale of its transmission assets. Key detractors included Canada’s goeasy Ltd.; France’s Neurones; Switzerland’s ALSO Holding; China’s Zhongsheng Group; and Thailand’s Krungthai Card.</p></div> <p style="box-sizing: border-box; text-align-last: auto; display: block; font-family: Times New Roman,Times,serif; color: #000; line-height: 1pt; margin-top: -4pt; margin-bottom: 0"> </p> <p id="xdx_80C_eoef--LineGraphTableTextBlock_hoef--ClassAxis__custom--C000209787Member_dD_zleiFDYEyyid" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 1pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How did the Fund perform since inception?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 15px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="box-sizing: border-box; color: #00549e"><span style="box-sizing: border-box; font-size: 9pt">CUMULATIVE PERFORMANCE</span></span></span> | January 30, 2019 (Commencement of Operations) through March 31, 2026</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(Initial Investment of $100,000)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Date</div></td> <td id="xdx_4BA_oef--ClassAxis_custom--C000209787Member_z8LY60pymj4h" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Pear Tree Polaris International Opportunities Fund R6 Shares</div></td> <td id="xdx_4BD_oef--BroadBasedIndexAxis_custom--MSCIACWIExUSATwoMember_zr37uIC1lnN7" style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">MSCI ACWI ex USA</div></td></tr> <tr id="xdx_431_c20190301__20190301_eoef--AccmVal_pid_zUbS9URnt0w7" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/01/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">100000.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">100000.0</div></td></tr> <tr id="xdx_439_c20190301__20190331_eoef--AccmVal_pid_z89PWeLjGSV4" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">106000.0</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">102661.07</div></td></tr> <tr id="xdx_434_c20190301__20190630_eoef--AccmVal_pid_zhcQQluwVAU" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">110102.2</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">105966.76</div></td></tr> <tr id="xdx_431_c20190301__20190930_eoef--AccmVal_pid_zYEfZmbmJu9e" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">107206.51</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">104166.38</div></td></tr> <tr id="xdx_438_c20190301__20191231_eoef--AccmVal_pid_zbYozCe9PvGa" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2019</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">119706.79</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">113530.94</div></td></tr> <tr id="xdx_43A_c20190301__20200331_eoef--AccmVal_pid_zdv441ULU9X5" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">80478.88</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">87123.64</div></td></tr> <tr id="xdx_434_c20190301__20200630_eoef--AccmVal_pid_zSwIS0QLDa1e" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">98667.1</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">101324.8</div></td></tr> <tr id="xdx_439_c20190301__20200930_eoef--AccmVal_pid_zy8IMq65yWek" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">108316.74</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">107769.05</div></td></tr> <tr id="xdx_433_c20190301__20201231_eoef--AccmVal_pid_zHXRvJUGIrub" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2020</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">136305.79</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">126176.01</div></td></tr> <tr id="xdx_43E_c20190301__20210331_eoef--AccmVal_pid_zOl3fLEwDUM3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">142371.4</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">130718.34</div></td></tr> <tr id="xdx_43C_c20190301__20210630_eoef--AccmVal_pid_zJFqSHgZwiql" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">147639.14</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">138090.86</div></td></tr> <tr id="xdx_436_c20190301__20210930_eoef--AccmVal_pid_zxxP3JSenqse" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">148554.5</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">134113.84</div></td></tr> <tr id="xdx_43A_c20190301__20211231_eoef--AccmVal_pid_zrTVGWJmsqtd" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2021</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">154778.94</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">136635.18</div></td></tr> <tr id="xdx_435_c20190301__20220331_eoef--AccmVal_pid_z35B9ATVmTrl" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">145585.07</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">129352.53</div></td></tr> <tr id="xdx_437_c20190301__20220630_eoef--AccmVal_pid_zWtDD4BXMt4d" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">118899.33</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">111838.19</div></td></tr> <tr id="xdx_43E_c20190301__20220930_eoef--AccmVal_pid_zhjbZcYHwArg" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">107544.44</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">100878.05</div></td></tr> <tr id="xdx_43F_c20190301__20221231_eoef--AccmVal_pid_zXgv1uzHBhyg" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2022</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">125084.94</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">115374.23</div></td></tr> <tr id="xdx_437_c20190301__20230331_eoef--AccmVal_pid_zl0qd8wrEuE7" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">136417.63</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">123450.42</div></td></tr> <tr id="xdx_434_c20190301__20230630_eoef--AccmVal_pid_zPsO16sX0Sfk" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">137454.41</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">126746.55</div></td></tr> <tr id="xdx_439_c20190301__20230930_eoef--AccmVal_pid_zrk3eMbDm4qi" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">129592.01</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">122082.28</div></td></tr> <tr id="xdx_437_c20190301__20231231_eoef--AccmVal_pid_zJL6fF0WdGNf" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2023</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">145881.73</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">134070.76</div></td></tr> <tr id="xdx_437_c20190301__20240331_eoef--AccmVal_pid_zU2X1C3ujgd9" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">142482.69</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">140519.56</div></td></tr> <tr id="xdx_43D_c20190301__20240630_eoef--AccmVal_pid_zd9iT8VVj1Mi" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">141784.52</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">142163.64</div></td></tr> <tr id="xdx_434_c20190301__20240930_eoef--AccmVal_pid_zeTkq7QhRgdk" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">154927.95</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">153778.41</div></td></tr> <tr id="xdx_432_c20190301__20241231_eoef--AccmVal_pid_zwJn6R6YE1w3" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2024</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">138397.13</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">142245.03</div></td></tr> <tr id="xdx_435_c20190301__20250331_eoef--AccmVal_pid_zBdT8UuTDSfj" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">142881.2</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">149869.36</div></td></tr> <tr id="xdx_434_c20190301__20250630_eoef--AccmVal_pid_z6vksSAbxCpd" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">06/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">160084.1</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">168303.29</div></td></tr> <tr id="xdx_43B_c20190301__20250930_eoef--AccmVal_pid_zmHram0dBnl9" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">09/30/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">166135.28</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">180135.01</div></td></tr> <tr id="xdx_437_c20190301__20251231_eoef--AccmVal_pid_zR44kBV5lNJ9" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">12/31/2025</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">163443.89</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">189339.91</div></td></tr> <tr id="xdx_438_c20190301__20260331_eoef--AccmVal_pid_zWCW7iWWsCf1" style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">03/31/2026</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">159864.47</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">188203.87</div></td></tr> </table></div></div><img alt="line" src="qesb1txzf1mpfs7h5e.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> 100000.0 100000.0 106000.0 102661.07 110102.2 105966.76 107206.51 104166.38 119706.79 113530.94 80478.88 87123.64 98667.1 101324.8 108316.74 107769.05 136305.79 126176.01 142371.4 130718.34 147639.14 138090.86 148554.5 134113.84 154778.94 136635.18 145585.07 129352.53 118899.33 111838.19 107544.44 100878.05 125084.94 115374.23 136417.63 123450.42 137454.41 126746.55 129592.01 122082.28 145881.73 134070.76 142482.69 140519.56 141784.52 142163.64 154927.95 153778.41 138397.13 142245.03 142881.2 149869.36 160084.1 168303.29 166135.28 180135.01 163443.89 189339.91 159864.47 188203.87 <p id="xdx_800_eoef--AvgAnnlRtrTableTextBlock_hoef--ClassAxis__custom--C000209787Member_dD_z0iWFdBSgEl1" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 1pt; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0"><b style="box-sizing: border-box">AVERAGE ANNUAL TOTAL RETURNS</b></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; background-color: #ebedf1; height: auto"> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">One Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Five Year</span></div></th> <th style="box-sizing: border-box"> <div style="font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Since Inception</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Pear Tree Polaris International Opportunities Fund R6 Shares</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--ClassAxis__custom--C000209787Member_zfvsSIK79ip5" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">11.90%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--ClassAxis__custom--C000209787Member_zymh7RqK6CDd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.34%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--AvgAnnlRtrPct_dp_c20190301__20260331__oef--ClassAxis__custom--C000209787Member_zr8iwDWelpk3" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.75%</span></div></td></tr> <tr style="border-bottom: #000 0.75pt solid; box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">MSCI ACWI ex USA</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_983_eoef--AvgAnnlRtrPct_dp_c20250401__20260331__oef--BroadBasedIndexAxis__custom--MSCIACWIExUSAMember_zWBGmbAaibt6" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">25.58%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_984_eoef--AvgAnnlRtrPct_dp_c20210401__20260331__oef--BroadBasedIndexAxis__custom--MSCIACWIExUSAMember_zCgTGFirUQlf" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">7.56%</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--AvgAnnlRtrPct_dp_c20190301__20260331__oef--BroadBasedIndexAxis__custom--MSCIACWIExUSAMember_zIWcj60y2XGg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">9.22%</span></div></td></tr> </table></div></div></div> 0.1190 0.0234 0.0675 0.2558 0.0756 0.0922 Neither the Fund’s returns nor the index returns reflect the deduction of taxes that a shareholder would pay on fund distributions or redemptions of Fund shares. <span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt">Visit </span></span><span style="box-sizing: border-box; font-size: 8pt"><span style="box-sizing: border-box; font-family: Kohinoor Medium, Arial">www.peartreefunds.com/pricesandperformance/</span></span><span style="box-sizing: border-box; font-family: Kohinoor Light,Roboto,sans-serif; font-weight: 300"><span style="box-sizing: border-box; font-size: 8pt"> for more recent performance information.</span></span> The Fund's past performance is not a good predictor of the Fund's future performance. <p id="xdx_806_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000209787Member_dD_zqDgXtbZRyBa" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 2pt 0 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">Key Fund Statistics</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Net Assets</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eus-gaap--AssetsNet_iE_c20250401__20260331__oef--ClassAxis__custom--C000209787Member_zoPEU2sNxa38" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$64,877,205</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Holdings</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--HoldingsCount_iE_uHoldings_c20250401__20260331__oef--ClassAxis__custom--C000209787Member_zyJl3vEnwvPb" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">50</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Advisory Fee</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--AdvisoryFeesPaidAmt_c20250401__20260331__oef--ClassAxis__custom--C000209787Member_zO5mzf5F9OWd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$496,856</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portfolio Turnover</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250401__20260331__oef--ClassAxis__custom--C000209787Member_zf0PQE1a1GX6" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">46%</span></div></td></tr> </table></div></div></div> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 12pt; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"><span style="box-sizing: border-box; display: block"></span></div></div> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p> 64877205 50 496856 0.46 <div id="xdx_80F_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000209787Member_dD_zW6vnqxiMPd8" style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">What did the Fund invest in?</p> <p style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 13.32px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">(as of March 31, 2026)</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p></div><div style="margin: 0; padding: 0; grid-column: 1 / 2; grid-row: 2 / 3; box-sizing: border-box; text-align-last: auto; height: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">COUNTRY ALLOCATION</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: -2pt 0 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Hong Kong</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--GeographicRegionAxis__country--HK_zX47C0f6TLO4" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">10.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Taiwan</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--GeographicRegionAxis__country--TW_zK6wIkrqcAP5" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">9.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Belgium</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--GeographicRegionAxis__country--BE_z1C7q0xEnIbj" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Japan</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--GeographicRegionAxis__country--JP_zmcMPX1eEJKb" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United Kingdom</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--GeographicRegionAxis__country--GB_zWZlr30WOgX7" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">China</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--GeographicRegionAxis__country--CN_zQW7u57ewPBj" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Italy</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--GeographicRegionAxis__country--IT_z1d6LDQYB46k" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">France</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--GeographicRegionAxis__country--FR_zFbmv5bSQJD9" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.9</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Africa</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--GeographicRegionAxis__country--ZA_zqpO3cNaDrGd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Thailand</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--GeographicRegionAxis__country--TH_zZHFCIgZXkKd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.3</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Norway</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--GeographicRegionAxis__country--NO_z9tnX6hKZye3" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Brazil</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--GeographicRegionAxis__country--BR_ztOl5shGYIEa" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Australia</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--GeographicRegionAxis__country--AU_zgFeYE7ejgUk" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.7</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Canada</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--GeographicRegionAxis__country--CA_zy1f4101kyX7" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Indonesia</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--GeographicRegionAxis__country--ID_zBhk4RFPvf99" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Ireland</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--GeographicRegionAxis__country--IE_z15za0KoiMUh" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Switzerland</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--GeographicRegionAxis__country--CH_zmCDp9je8vqc" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Mexico</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--GeographicRegionAxis__country--MX_z5nGMpIKQeia" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.7</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portugal</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--GeographicRegionAxis__country--PT_zpKVhhK7Xwpg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">India</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--GeographicRegionAxis__country--IN_zCYQ9oW7j2e5" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Malaysia</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--GeographicRegionAxis__country--MY_z6vVm0mAWGwg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">South Korea</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--GeographicRegionAxis__country--KR_zqrJyP6noCba" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Peru</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--GeographicRegionAxis__country--PE_zZABqmDLRSTf" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">United States</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--GeographicRegionAxis__country--US_zstFd1zlyNwd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.5</span></div></td></tr> </table></div></div></div></div></div></div> 0.105 0.098 0.065 0.064 0.054 0.051 0.051 0.049 0.044 0.043 0.040 0.038 0.037 0.031 0.030 0.030 0.030 0.027 0.025 0.020 0.020 0.015 0.011 0.005 <p id="xdx_808_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000209787Member_dD_zRYqsXhCEILl" style="font: 700 9pt/1.22 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.62px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">TOP TEN HOLDINGS</p> <p style="border-bottom: #00549e 1pt solid; font: 700 8pt/1.25 Kohinoor Semibold,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 14.32px; align-content: center; box-sizing: border-box; color: #00549e; text-indent: 0">(% of Fund’s net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #000; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">SOL S.p.A.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--LargestHoldingAxis__custom--SOLSpaMember_z2xQwgEwI4E1" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Cranswick plc</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--LargestHoldingAxis__custom--CranswickplcMember_zvjiaIp3S7rd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Kingboard Laminates Holdings, Ltd.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--LargestHoldingAxis__custom--KingboardLaminatesHoldingsLtdMember_zpBWJpNhiIB" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Sparebanken Norge</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--LargestHoldingAxis__custom--SparebankenNorgeMember_zvZ6igaRfcZj" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Yageo Corporation</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--LargestHoldingAxis__custom--YageoCorporationMember_z2pTWxOgTagg" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Chailease Holding Co., Ltd.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--LargestHoldingAxis__custom--ChaileaseHoldingCoLtdMember_zkrg35uANK9k" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Equatorial Energia S.A.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--LargestHoldingAxis__custom--EquatorialEnergiaSAMember_zWu6uXtDlzjj" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.8</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Macquarie Group Limited</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--LargestHoldingAxis__custom--MacquarieGroupLimitedMember_zxdti33Lbwjj" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">JAC Recruitment Co., Ltd.</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--LargestHoldingAxis__custom--JACRecruitmentCoLtdMember_zx0IHB4SLbvd" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">VSTECS Holdings Limited</span></div></td> <td style="border-bottom: #000 0.75pt dotted; box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260331__oef--ClassAxis__custom--C000209787Member__oef--LargestHoldingAxis__custom--VSTECSHoldingsLimitedMember_zGFSx5eEZE9h" style="font: 8pt/1.25 Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; color: #000; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.3</span></div></td></tr> </table></div></div></div> 0.051 0.045 0.041 0.040 0.040 0.038 0.038 0.034 0.034 0.033 <p id="xdx_809_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000209787Member_dD_z5YlCZi7UuHh" style="font: 700 12pt/1.17 Kohinoor Bold,Roboto,sans-serif; margin: 8pt 0 4pt; text-align-last: auto; display: block; min-height: 18.71px; align-content: center; box-sizing: border-box; color: #5e9732; text-indent: 0">How has the Fund changed?</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 57.56px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">This is a summary of certain changes to the Fund since April 1, 2025. For more complete information, you may find copies of the Fund’s prospectus, financial information on Form N-CSR (which includes any required tax information for dividends), holdings, proxy voting information, and other information at <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_90A_eoef--UpdProspectusWebAddress_c20250401__20260331__oef--ClassAxis__custom--C000209787Member_zY4oJF7XWnQb">www.peartreefunds.com/fund-documents/</span></span></span>. You also may request this information without charge by contacting Pear Tree Funds at <span id="xdx_903_eoef--UpdProspectusPhoneNumber_c20250401__20260331__oef--ClassAxis__custom--C000209787Member_zBeXklxXOzGc">1-800-326-2151</span> or <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span id="xdx_907_eoef--UpdProspectusEmailAddress_c20250401__20260331__oef--ClassAxis__custom--C000209787Member_zmrzToJDrnnb">info@peartreefunds.com</span></span></span> or by contacting your financial intermediary.</p> <p style="font: normal 300 9pt/1.2 Kohinoor Light,Roboto,sans-serif; margin: 0 0 8pt; text-align-last: auto; min-height: 14.39px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0; display: block">During the reporting period, there were no changes to the R6 Share Class.</p> <p style="font: normal 300 9pt/1pt Kohinoor Light,Roboto,sans-serif; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #000; text-indent: 0"> </p><p style="font: normal 300 9pt/11pt Kohinoor Light,Roboto,sans-serif; margin: 0; text-align-last: auto; display: block; min-height: 44.01px; align-content: center; box-sizing: border-box; color: #000; text-indent: 0">The MSCI does not accept any liability for any errors or omissions in the indexes or data, and hereby expressly disclaims all warranties of originality, accuracy, completeness, timeliness, merchantability and fitness for a particular purpose. No party may rely on any indexes or data contained in this communication. Visit <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"></span><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"></span></span><span style="margin: 0; box-sizing: border-box; font-family: Kohinoor Semibold,Roboto,sans-serif; font-weight: 700"><span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400">www.peartreefunds.com/fund-documents/</span></span> for additional legal notices &amp; disclaimers.</p> www.peartreefunds.com/fund-documents/ 1-800-326-2151 info@peartreefunds.com Performance for periods prior to September 1, 2021 represent the performance of Essex Environmental Opportunities Fund, the predecessor of the Fund. Performance for periods prior to September 1, 2021 represent the performance of Essex Environmental Opportunities Fund, the predecessor of the Fund. The percentage would have been 1.45% if the Trust did not engage a third party to assist in reclaiming EU tax overpayments made by the Fund. The percentage would have been 1.08% if the Trust did not engage a third party to assist in reclaiming EU tax overpayments made by the Fund. The percentage would have been 0.94% if the Trust did not engage a third party to assist in reclaiming EU tax overpayments made by the Fund. The percentage would have been 1.44% if the Trust did not engage a third party to assist in reclaiming EU tax overpayments made by the Fund. The percentage would have been 1.07% if the Trust did not engage a third party to assist in reclaiming EU tax overpayments made by the Fund. The percentage would have been 1.03% if the Trust did not engage a third party to assist in reclaiming EU tax overpayments made by the Fund.