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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_C000177799Member_lbl" xml:lang="en-US">Pear Tree Polaris Small Cap Fund (R6 Shares)</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_C000025969Member_lbl" xml:lang="en-US">Pear Tree Quality Fund (Ordinary Shares)</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_C000177798Member_lbl" xml:lang="en-US">Pear Tree Quality Fund (R6 Shares)</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_C000227704Member_lbl" xml:lang="en-US">Pear Tree Essex Environmental Opportunities Fund (R6 Shares)</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_C000025966Member_lbl" xml:lang="en-US">Pear Tree Polaris Foreign Value Fund (Ordinary Shares)</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_C000025967Member_lbl" xml:lang="en-US">Pear Tree Polaris Foreign Value Fund (Institutional Shares)</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_C000177797Member_lbl" xml:lang="en-US">Pear Tree Polaris Foreign Value Fund (R6 Shares)</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_C000209787Member_lbl" xml:lang="en-US">Pear Tree Polaris International Opportunities Fund (R6 Shares)</link:label>
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      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_GB" xlink:label="country_GB" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_GB" xlink:to="country_GB_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_GB_lbl" xml:lang="en-US">UNITED KINGDOM</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_NO" xlink:label="country_NO" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_NO" xlink:to="country_NO_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_NO_lbl" xml:lang="en-US">NORWAY</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_SE" xlink:label="country_SE" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_SE" xlink:to="country_SE_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_SE_lbl" xml:lang="en-US">SWEDEN</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_ES" xlink:label="country_ES" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_ES" xlink:to="country_ES_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_ES_lbl" xml:lang="en-US">SPAIN</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_IT" xlink:label="country_IT" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_IT" xlink:to="country_IT_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_IT_lbl" xml:lang="en-US">ITALY</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_PR" xlink:label="country_PR" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_PR" xlink:to="country_PR_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_PR_lbl" xml:lang="en-US">PUERTO RICO</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_SG" xlink:label="country_SG" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_SG" xlink:to="country_SG_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_SG_lbl" xml:lang="en-US">SINGAPORE</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_HK" xlink:label="country_HK" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_HK" xlink:to="country_HK_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_HK_lbl" xml:lang="en-US">HONG KONG</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_CL" xlink:label="country_CL" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_CL" xlink:to="country_CL_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_CL_lbl" xml:lang="en-US">CHILE</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_TW" xlink:label="country_TW" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_TW" xlink:to="country_TW_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_TW_lbl" xml:lang="en-US">TAIWAN</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_CA" xlink:label="country_CA" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_CA" xlink:to="country_CA_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_CA_lbl" xml:lang="en-US">CANADA</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_BE" xlink:label="country_BE" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_BE" xlink:to="country_BE_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_BE_lbl" xml:lang="en-US">BELGIUM</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_RU" xlink:label="country_RU" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_RU" xlink:to="country_RU_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_RU_lbl" xml:lang="en-US">RUSSIAN FEDERATION</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_TH" xlink:label="country_TH" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_TH" xlink:to="country_TH_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_TH_lbl" xml:lang="en-US">THAILAND</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_BR" xlink:label="country_BR" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_BR" xlink:to="country_BR_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_BR_lbl" xml:lang="en-US">BRAZIL</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_IN" xlink:label="country_IN" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_IN" xlink:to="country_IN_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_IN_lbl" xml:lang="en-US">INDIA</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_PT" xlink:label="country_PT" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_PT" xlink:to="country_PT_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_PT_lbl" xml:lang="en-US">PORTUGAL</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_DK" xlink:label="country_DK" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_DK" xlink:to="country_DK_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_DK_lbl" xml:lang="en-US">DENMARK</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_ZA" xlink:label="country_ZA" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_ZA" xlink:to="country_ZA_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_ZA_lbl" xml:lang="en-US">SOUTH AFRICA</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_AU" xlink:label="country_AU" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_AU" xlink:to="country_AU_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_AU_lbl" xml:lang="en-US">AUSTRALIA</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_ID" xlink:label="country_ID" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_ID" xlink:to="country_ID_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_ID_lbl" xml:lang="en-US">INDONESIA</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_MX" xlink:label="country_MX" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_MX" xlink:to="country_MX_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_MX_lbl" xml:lang="en-US">MEXICO</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_MY" xlink:label="country_MY" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_MY" xlink:to="country_MY_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_MY_lbl" xml:lang="en-US">MALAYSIA</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_PE" xlink:label="country_PE" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_PE" xlink:to="country_PE_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_PE_lbl" xml:lang="en-US">PERU</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_LaureateEducationIncMember" xlink:label="ptf_LaureateEducationIncMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_LaureateEducationIncMember" xlink:to="ptf_LaureateEducationIncMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_LaureateEducationIncMember_lbl" xml:lang="en-US">Laureate Education, Inc. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_LantheusHoldingsIncMember" xlink:label="ptf_LantheusHoldingsIncMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_LantheusHoldingsIncMember" xlink:to="ptf_LantheusHoldingsIncMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_LantheusHoldingsIncMember_lbl" xml:lang="en-US">Lantheus Holdings, Inc. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_NortheastBancorpMember" xlink:label="ptf_NortheastBancorpMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_NortheastBancorpMember" xlink:to="ptf_NortheastBancorpMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_NortheastBancorpMember_lbl" xml:lang="en-US">Northeast Bancorp [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_InglesMarketsIncMember" xlink:label="ptf_InglesMarketsIncMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_InglesMarketsIncMember" xlink:to="ptf_InglesMarketsIncMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_InglesMarketsIncMember_lbl" xml:lang="en-US">Ingles Markets Inc. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_TheBankofNTButterfieldandSonLimitedMember" xlink:label="ptf_TheBankofNTButterfieldandSonLimitedMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_TheBankofNTButterfieldandSonLimitedMember" xlink:to="ptf_TheBankofNTButterfieldandSonLimitedMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_TheBankofNTButterfieldandSonLimitedMember_lbl" xml:lang="en-US">The Bank of N.T. Butterfield &amp; Son Limited [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_V2XIncMember" xlink:label="ptf_V2XIncMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_V2XIncMember" xlink:to="ptf_V2XIncMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_V2XIncMember_lbl" xml:lang="en-US">V2X, Inc. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_BlackHillsCorporationMember" xlink:label="ptf_BlackHillsCorporationMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_BlackHillsCorporationMember" xlink:to="ptf_BlackHillsCorporationMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_BlackHillsCorporationMember_lbl" xml:lang="en-US">Black Hills Corporation [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_BOKFinancialCorporationMember" xlink:label="ptf_BOKFinancialCorporationMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_BOKFinancialCorporationMember" xlink:to="ptf_BOKFinancialCorporationMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_BOKFinancialCorporationMember_lbl" xml:lang="en-US">BOK Financial Corporation [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_SouthPlainsFinancialIncMember" xlink:label="ptf_SouthPlainsFinancialIncMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_SouthPlainsFinancialIncMember" xlink:to="ptf_SouthPlainsFinancialIncMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_SouthPlainsFinancialIncMember_lbl" xml:lang="en-US">South Plains Financial, Inc. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_PerdoceoEducationCorporationMember" xlink:label="ptf_PerdoceoEducationCorporationMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_PerdoceoEducationCorporationMember" xlink:to="ptf_PerdoceoEducationCorporationMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_PerdoceoEducationCorporationMember_lbl" xml:lang="en-US">Perdoceo Education Corporation [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_MicrosoftCorporationMember" xlink:label="ptf_MicrosoftCorporationMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_MicrosoftCorporationMember" xlink:to="ptf_MicrosoftCorporationMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_MicrosoftCorporationMember_lbl" xml:lang="en-US">Microsoft Corporation [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_AlphabetIncClassAMember" xlink:label="ptf_AlphabetIncClassAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_AlphabetIncClassAMember" xlink:to="ptf_AlphabetIncClassAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_AlphabetIncClassAMember_lbl" xml:lang="en-US">Alphabet, Inc. Class A [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_MetaPlatformsIncMember" xlink:label="ptf_MetaPlatformsIncMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_MetaPlatformsIncMember" xlink:to="ptf_MetaPlatformsIncMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_MetaPlatformsIncMember_lbl" xml:lang="en-US">Meta Platforms, Inc.</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_TaiwanSemiconductorManufacturingCoLtdMember" xlink:label="ptf_TaiwanSemiconductorManufacturingCoLtdMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_TaiwanSemiconductorManufacturingCoLtdMember" xlink:to="ptf_TaiwanSemiconductorManufacturingCoLtdMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_TaiwanSemiconductorManufacturingCoLtdMember_lbl" xml:lang="en-US">Taiwan Semiconductor Manufacturing Co., Ltd. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_AppleIncMember" xlink:label="ptf_AppleIncMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_AppleIncMember" xlink:to="ptf_AppleIncMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_AppleIncMember_lbl" xml:lang="en-US">Apple, Inc. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_JohnsonandJohnsonMember" xlink:label="ptf_JohnsonandJohnsonMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_JohnsonandJohnsonMember" xlink:to="ptf_JohnsonandJohnsonMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_JohnsonandJohnsonMember_lbl" xml:lang="en-US">Johnson &amp; Johnson [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_LamResearchCorporationMember" xlink:label="ptf_LamResearchCorporationMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_LamResearchCorporationMember" xlink:to="ptf_LamResearchCorporationMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_LamResearchCorporationMember_lbl" xml:lang="en-US">Lam Research Corporation [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_AmazoncomIncMember" xlink:label="ptf_AmazoncomIncMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_AmazoncomIncMember" xlink:to="ptf_AmazoncomIncMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_AmazoncomIncMember_lbl" xml:lang="en-US">Amazon.com, Inc. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_ThermoFisherScientificIncMember" xlink:label="ptf_ThermoFisherScientificIncMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_ThermoFisherScientificIncMember" xlink:to="ptf_ThermoFisherScientificIncMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_ThermoFisherScientificIncMember_lbl" xml:lang="en-US">Thermo Fisher Scientific, Inc. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_AccenturePlcMember" xlink:label="ptf_AccenturePlcMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_AccenturePlcMember" xlink:to="ptf_AccenturePlcMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_AccenturePlcMember_lbl" xml:lang="en-US">Accenture Plc [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_InfineonTechnologiesAGMember" xlink:label="ptf_InfineonTechnologiesAGMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_InfineonTechnologiesAGMember" xlink:to="ptf_InfineonTechnologiesAGMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_InfineonTechnologiesAGMember_lbl" xml:lang="en-US">Infineon Technologies AG [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_CortevaIncMember" xlink:label="ptf_CortevaIncMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_CortevaIncMember" xlink:to="ptf_CortevaIncMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_CortevaIncMember_lbl" xml:lang="en-US">Corteva, Inc. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_BadgerMeterIncMember" xlink:label="ptf_BadgerMeterIncMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_BadgerMeterIncMember" xlink:to="ptf_BadgerMeterIncMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_BadgerMeterIncMember_lbl" xml:lang="en-US">Badger Meter, Inc. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_KingspanGroupplcMember" xlink:label="ptf_KingspanGroupplcMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_KingspanGroupplcMember" xlink:to="ptf_KingspanGroupplcMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_KingspanGroupplcMember_lbl" xml:lang="en-US">Kingspan Group plc [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_AdvancedDrainageSystemsIncMember" xlink:label="ptf_AdvancedDrainageSystemsIncMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_AdvancedDrainageSystemsIncMember" xlink:to="ptf_AdvancedDrainageSystemsIncMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_AdvancedDrainageSystemsIncMember_lbl" xml:lang="en-US">Advanced Drainage Systems, Inc. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_EnphaseEnergyIncMember" xlink:label="ptf_EnphaseEnergyIncMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_EnphaseEnergyIncMember" xlink:to="ptf_EnphaseEnergyIncMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_EnphaseEnergyIncMember_lbl" xml:lang="en-US">Enphase Energy, Inc. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_PrimorisServicesCorporationMember" xlink:label="ptf_PrimorisServicesCorporationMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_PrimorisServicesCorporationMember" xlink:to="ptf_PrimorisServicesCorporationMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_PrimorisServicesCorporationMember_lbl" xml:lang="en-US">Primoris Services Corporation [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_KeyenceCorporationMember" xlink:label="ptf_KeyenceCorporationMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_KeyenceCorporationMember" xlink:to="ptf_KeyenceCorporationMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_KeyenceCorporationMember_lbl" xml:lang="en-US">Keyence Corporation [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_TorayIndustriesIncMember" xlink:label="ptf_TorayIndustriesIncMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_TorayIndustriesIncMember" xlink:to="ptf_TorayIndustriesIncMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_TorayIndustriesIncMember_lbl" xml:lang="en-US">Toray Industries, Inc. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_CognexCorporationMember" xlink:label="ptf_CognexCorporationMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_CognexCorporationMember" xlink:to="ptf_CognexCorporationMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_CognexCorporationMember_lbl" xml:lang="en-US">Cognex Corporation [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_SKHynixIncMember" xlink:label="ptf_SKHynixIncMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_SKHynixIncMember" xlink:to="ptf_SKHynixIncMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_SKHynixIncMember_lbl" xml:lang="en-US">SK Hynix, Inc. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_SamsungElectronicsCompanyLimitedMember" xlink:label="ptf_SamsungElectronicsCompanyLimitedMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_SamsungElectronicsCompanyLimitedMember" xlink:to="ptf_SamsungElectronicsCompanyLimitedMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_SamsungElectronicsCompanyLimitedMember_lbl" xml:lang="en-US">Samsung Electronics Company Limited [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_MarubeniCorporationMember" xlink:label="ptf_MarubeniCorporationMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_MarubeniCorporationMember" xlink:to="ptf_MarubeniCorporationMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_MarubeniCorporationMember_lbl" xml:lang="en-US">Marubeni Corporation [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_TotalEnergiesSEMember" xlink:label="ptf_TotalEnergiesSEMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_TotalEnergiesSEMember" xlink:to="ptf_TotalEnergiesSEMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_TotalEnergiesSEMember_lbl" xml:lang="en-US">TotalEnergies SE [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_EndesaSAMember" xlink:label="ptf_EndesaSAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_EndesaSAMember" xlink:to="ptf_EndesaSAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_EndesaSAMember_lbl" xml:lang="en-US">Endesa, S.A. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_BarryCallebautAGMember" xlink:label="ptf_BarryCallebautAGMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_BarryCallebautAGMember" xlink:to="ptf_BarryCallebautAGMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_BarryCallebautAGMember_lbl" xml:lang="en-US">Barry Callebaut AG [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_JazzPharmaceuticalsplcMember" xlink:label="ptf_JazzPharmaceuticalsplcMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_JazzPharmaceuticalsplcMember" xlink:to="ptf_JazzPharmaceuticalsplcMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_JazzPharmaceuticalsplcMember_lbl" xml:lang="en-US">Jazz Pharmaceuticals plc [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_KoninklijkeAholdDelhaizeNVMember" xlink:label="ptf_KoninklijkeAholdDelhaizeNVMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_KoninklijkeAholdDelhaizeNVMember" xlink:to="ptf_KoninklijkeAholdDelhaizeNVMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_KoninklijkeAholdDelhaizeNVMember_lbl" xml:lang="en-US">Koninklijke Ahold Delhaize N.V. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_DNBBankASAMember" xlink:label="ptf_DNBBankASAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_DNBBankASAMember" xlink:to="ptf_DNBBankASAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_DNBBankASAMember_lbl" xml:lang="en-US">DNB Bank ASA&#160;[Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_ORIXCorporationMember" xlink:label="ptf_ORIXCorporationMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_ORIXCorporationMember" xlink:to="ptf_ORIXCorporationMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_ORIXCorporationMember_lbl" xml:lang="en-US">ORIX Corporation [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_EquatorialEnergiaSAMember" xlink:label="ptf_EquatorialEnergiaSAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_EquatorialEnergiaSAMember" xlink:to="ptf_EquatorialEnergiaSAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_EquatorialEnergiaSAMember_lbl" xml:lang="en-US">Equatorial Energia S.A. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_DIeterenSAMember" xlink:label="ptf_DIeterenSAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_DIeterenSAMember" xlink:to="ptf_DIeterenSAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_DIeterenSAMember_lbl" xml:lang="en-US">D'Ieteren S.A. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_RubisMember" xlink:label="ptf_RubisMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_RubisMember" xlink:to="ptf_RubisMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_RubisMember_lbl" xml:lang="en-US">Rubis [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_KrungthaiCardPublicCompanyLimitedMember" xlink:label="ptf_KrungthaiCardPublicCompanyLimitedMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_KrungthaiCardPublicCompanyLimitedMember" xlink:to="ptf_KrungthaiCardPublicCompanyLimitedMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_KrungthaiCardPublicCompanyLimitedMember_lbl" xml:lang="en-US">Krungthai Card Public Company Limited [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_RedesEnergeticasNacionaisSGPSSAMember" xlink:label="ptf_RedesEnergeticasNacionaisSGPSSAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_RedesEnergeticasNacionaisSGPSSAMember" xlink:to="ptf_RedesEnergeticasNacionaisSGPSSAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_RedesEnergeticasNacionaisSGPSSAMember_lbl" xml:lang="en-US">Redes Energ&#233;ticas Nacionais, SGPS, S.A. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_TISCOFinancialGroupMember" xlink:label="ptf_TISCOFinancialGroupMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_TISCOFinancialGroupMember" xlink:to="ptf_TISCOFinancialGroupMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_TISCOFinancialGroupMember_lbl" xml:lang="en-US">TISCO Financial Group [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_ElisSAMember" xlink:label="ptf_ElisSAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_ElisSAMember" xlink:to="ptf_ElisSAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_ElisSAMember_lbl" xml:lang="en-US">Elis S.A. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_IpsosMember" xlink:label="ptf_IpsosMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_IpsosMember" xlink:to="ptf_IpsosMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_IpsosMember_lbl" xml:lang="en-US">Ipsos [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_MizuhoLeasingCompanyLimitedMember" xlink:label="ptf_MizuhoLeasingCompanyLimitedMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_MizuhoLeasingCompanyLimitedMember" xlink:to="ptf_MizuhoLeasingCompanyLimitedMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_MizuhoLeasingCompanyLimitedMember_lbl" xml:lang="en-US">Mizuho Leasing Company, Limited [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_GlanbiaplcMember" xlink:label="ptf_GlanbiaplcMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_GlanbiaplcMember" xlink:to="ptf_GlanbiaplcMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_GlanbiaplcMember_lbl" xml:lang="en-US">Glanbia plc [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_SOLSpaMember" xlink:label="ptf_SOLSpaMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_SOLSpaMember" xlink:to="ptf_SOLSpaMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_SOLSpaMember_lbl" xml:lang="en-US">SOL S.p.A. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_CranswickplcMember" xlink:label="ptf_CranswickplcMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_CranswickplcMember" xlink:to="ptf_CranswickplcMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_CranswickplcMember_lbl" xml:lang="en-US">Cranswick plc [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_KingboardLaminatesHoldingsLtdMember" xlink:label="ptf_KingboardLaminatesHoldingsLtdMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_KingboardLaminatesHoldingsLtdMember" xlink:to="ptf_KingboardLaminatesHoldingsLtdMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_KingboardLaminatesHoldingsLtdMember_lbl" xml:lang="en-US">Kingboard Laminates Holdings, Ltd. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_SparebankenNorgeMember" xlink:label="ptf_SparebankenNorgeMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_SparebankenNorgeMember" xlink:to="ptf_SparebankenNorgeMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_SparebankenNorgeMember_lbl" xml:lang="en-US">Sparebanken Norge [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_YageoCorporationMember" xlink:label="ptf_YageoCorporationMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_YageoCorporationMember" xlink:to="ptf_YageoCorporationMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_YageoCorporationMember_lbl" xml:lang="en-US">Yageo Corporation [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_ChaileaseHoldingCoLtdMember" xlink:label="ptf_ChaileaseHoldingCoLtdMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_ChaileaseHoldingCoLtdMember" xlink:to="ptf_ChaileaseHoldingCoLtdMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_ChaileaseHoldingCoLtdMember_lbl" xml:lang="en-US">Chailease Holding Co., Ltd. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_MacquarieGroupLimitedMember" xlink:label="ptf_MacquarieGroupLimitedMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_MacquarieGroupLimitedMember" xlink:to="ptf_MacquarieGroupLimitedMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_MacquarieGroupLimitedMember_lbl" xml:lang="en-US">Macquarie Group Limited [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_JACRecruitmentCoLtdMember" xlink:label="ptf_JACRecruitmentCoLtdMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_JACRecruitmentCoLtdMember" xlink:to="ptf_JACRecruitmentCoLtdMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_JACRecruitmentCoLtdMember_lbl" xml:lang="en-US">JAC Recruitment Co., Ltd. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_VSTECSHoldingsLimitedMember" xlink:label="ptf_VSTECSHoldingsLimitedMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_VSTECSHoldingsLimitedMember" xlink:to="ptf_VSTECSHoldingsLimitedMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_VSTECSHoldingsLimitedMember_lbl" xml:lang="en-US">VSTECS Holdings Limited [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_SandP500TotalReturnIndexTwoMember" xlink:label="ptf_SandP500TotalReturnIndexTwoMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_SandP500TotalReturnIndexTwoMember" xlink:to="ptf_SandP500TotalReturnIndexTwoMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_SandP500TotalReturnIndexTwoMember_lbl" xml:lang="en-US">S&amp;P 500 One [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_MSCIFAFEMember" xlink:label="ptf_MSCIFAFEMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_MSCIFAFEMember" xlink:to="ptf_MSCIFAFEMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_MSCIFAFEMember_lbl" xml:lang="en-US">MSCI EAFE</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_MSCIFAFEOneMember" xlink:label="ptf_MSCIFAFEOneMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_MSCIFAFEOneMember" xlink:to="ptf_MSCIFAFEOneMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_MSCIFAFEOneMember_lbl" xml:lang="en-US">MSCI EAFE [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_MSCIACWIExUSASmallCapMember" xlink:label="ptf_MSCIACWIExUSASmallCapMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_MSCIACWIExUSASmallCapMember" xlink:to="ptf_MSCIACWIExUSASmallCapMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_MSCIACWIExUSASmallCapMember_lbl" xml:lang="en-US">MSCI ACWI ex USA Small Cap</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_MSCIACWIExUSAMember" xlink:label="ptf_MSCIACWIExUSAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_MSCIACWIExUSAMember" xlink:to="ptf_MSCIACWIExUSAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_MSCIACWIExUSAMember_lbl" xml:lang="en-US">MSCI ACWI ex USA</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_MSCIACWIExUSASmallCapOneMember" xlink:label="ptf_MSCIACWIExUSASmallCapOneMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_MSCIACWIExUSASmallCapOneMember" xlink:to="ptf_MSCIACWIExUSASmallCapOneMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_MSCIACWIExUSASmallCapOneMember_lbl" xml:lang="en-US">MSCI ACWI ex USA Small Cap [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_MSCIACWIExUSAOneMember" xlink:label="ptf_MSCIACWIExUSAOneMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_MSCIACWIExUSAOneMember" xlink:to="ptf_MSCIACWIExUSAOneMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_MSCIACWIExUSAOneMember_lbl" xml:lang="en-US">MSCI ACWI ex USA [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_MSCIWorldMember" xlink:label="ptf_MSCIWorldMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_MSCIWorldMember" xlink:to="ptf_MSCIWorldMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_MSCIWorldMember_lbl" xml:lang="en-US">MSCI World</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_MSCIWorldOneMember" xlink:label="ptf_MSCIWorldOneMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_MSCIWorldOneMember" xlink:to="ptf_MSCIWorldOneMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_MSCIWorldOneMember_lbl" xml:lang="en-US">MSCI World [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="ptf-20260331.xsd#ptf_MSCIACWIExUSATwoMember" xlink:label="ptf_MSCIACWIExUSATwoMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_MSCIACWIExUSATwoMember" xlink:to="ptf_MSCIACWIExUSATwoMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ptf_MSCIACWIExUSATwoMember_lbl" xml:lang="en-US">MSCI ACWI ex USA Index [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_C000025972Member" xlink:to="ptf_C000025972Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_C000025972Member_doc" xml:lang="en-US">Pear Tree Polaris Small Cap Fund (Ordinary Shares).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_Russell2000Member" xlink:to="ptf_Russell2000Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_Russell2000Member_doc" xml:lang="en-US">Russell 2000.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_SandP500TotalReturnIndexMember" xlink:to="ptf_SandP500TotalReturnIndexMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_SandP500TotalReturnIndexMember_doc" xml:lang="en-US">S&amp;P 500.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_CashandOtherAssetsNetSectorMember" xlink:to="ptf_CashandOtherAssetsNetSectorMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_CashandOtherAssetsNetSectorMember_doc" xml:lang="en-US">Cash and Other Assets (Net)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_LaureateEducationIncMember" xlink:to="ptf_LaureateEducationIncMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_LaureateEducationIncMember_doc" xml:lang="en-US">Laureate Education, Inc.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_InglesMarketsIncMember" xlink:to="ptf_InglesMarketsIncMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_InglesMarketsIncMember_doc" xml:lang="en-US">Ingles Markets Inc.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_BlackHillsCorporationMember" xlink:to="ptf_BlackHillsCorporationMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_BlackHillsCorporationMember_doc" xml:lang="en-US">Black Hills Corporation.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_SouthPlainsFinancialIncMember" xlink:to="ptf_SouthPlainsFinancialIncMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_SouthPlainsFinancialIncMember_doc" xml:lang="en-US">South Plains Financial, Inc.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_PerdoceoEducationCorporationMember" xlink:to="ptf_PerdoceoEducationCorporationMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_PerdoceoEducationCorporationMember_doc" xml:lang="en-US">Perdoceo Education Corporation.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_LantheusHoldingsIncMember" xlink:to="ptf_LantheusHoldingsIncMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_LantheusHoldingsIncMember_doc" xml:lang="en-US">Lantheus Holdings, Inc.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_NortheastBancorpMember" xlink:to="ptf_NortheastBancorpMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_NortheastBancorpMember_doc" xml:lang="en-US">Northeast Bancorp</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_TheBankofNTButterfieldandSonLimitedMember" xlink:to="ptf_TheBankofNTButterfieldandSonLimitedMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_TheBankofNTButterfieldandSonLimitedMember_doc" xml:lang="en-US">The Bank of N.T. Butterfield &amp; Son Limited</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_V2XIncMember" xlink:to="ptf_V2XIncMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_V2XIncMember_doc" xml:lang="en-US">V2X, Inc.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_BOKFinancialCorporationMember" xlink:to="ptf_BOKFinancialCorporationMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_BOKFinancialCorporationMember_doc" xml:lang="en-US">BOK Financial Corporation</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_C000025973Member" xlink:to="ptf_C000025973Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_C000025973Member_doc" xml:lang="en-US">Pear Tree Polaris Small Cap Fund (Institutional Shares).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_C000177799Member" xlink:to="ptf_C000177799Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_C000177799Member_doc" xml:lang="en-US">Pear Tree Polaris Small Cap Fund (R6 Shares).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_C000025969Member" xlink:to="ptf_C000025969Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_C000025969Member_doc" xml:lang="en-US">Pear Tree Quality Fund (Ordinary Shares)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_MicrosoftCorporationMember" xlink:to="ptf_MicrosoftCorporationMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_MicrosoftCorporationMember_doc" xml:lang="en-US">Microsoft Corporation</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_AlphabetIncClassAMember" xlink:to="ptf_AlphabetIncClassAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_AlphabetIncClassAMember_doc" xml:lang="en-US">Alphabet, Inc. Class A</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_MetaPlatformsIncMember" xlink:to="ptf_MetaPlatformsIncMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_MetaPlatformsIncMember_doc" xml:lang="en-US">Meta Platforms, Inc.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_TaiwanSemiconductorManufacturingCoLtdMember" xlink:to="ptf_TaiwanSemiconductorManufacturingCoLtdMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_TaiwanSemiconductorManufacturingCoLtdMember_doc" xml:lang="en-US">Taiwan Semiconductor Manufacturing Co., Ltd.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_AppleIncMember" xlink:to="ptf_AppleIncMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_AppleIncMember_doc" xml:lang="en-US">Apple, Inc.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_JohnsonandJohnsonMember" xlink:to="ptf_JohnsonandJohnsonMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_JohnsonandJohnsonMember_doc" xml:lang="en-US">Johnson &amp; Johnson</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_LamResearchCorporationMember" xlink:to="ptf_LamResearchCorporationMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_LamResearchCorporationMember_doc" xml:lang="en-US">Lam Research Corporation</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_AmazoncomIncMember" xlink:to="ptf_AmazoncomIncMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_AmazoncomIncMember_doc" xml:lang="en-US">Amazon.com, Inc.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_ThermoFisherScientificIncMember" xlink:to="ptf_ThermoFisherScientificIncMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_ThermoFisherScientificIncMember_doc" xml:lang="en-US">Thermo Fisher Scientific, Inc.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_AccenturePlcMember" xlink:to="ptf_AccenturePlcMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_AccenturePlcMember_doc" xml:lang="en-US">Accenture Plc</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_C000025970Member" xlink:to="ptf_C000025970Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_C000025970Member_doc" xml:lang="en-US">Pear Tree Quality Fund (Institutional Shares)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_C000177798Member" xlink:to="ptf_C000177798Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_C000177798Member_doc" xml:lang="en-US">Pear Tree Quality Fund (R6 Shares)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_C000227703Member" xlink:to="ptf_C000227703Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_C000227703Member_doc" xml:lang="en-US">Pear Tree Essex Environmental Opportunities Fund (Ordinary Shares)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_MSCIWorldMember" xlink:to="ptf_MSCIWorldMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_MSCIWorldMember_doc" xml:lang="en-US">MSCI World.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_InfineonTechnologiesAGMember" xlink:to="ptf_InfineonTechnologiesAGMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_InfineonTechnologiesAGMember_doc" xml:lang="en-US">Infineon Technologies AG.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_BadgerMeterIncMember" xlink:to="ptf_BadgerMeterIncMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_BadgerMeterIncMember_doc" xml:lang="en-US">Badger Meter, Inc.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_KingspanGroupplcMember" xlink:to="ptf_KingspanGroupplcMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_KingspanGroupplcMember_doc" xml:lang="en-US">Kingspan Group plc.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_KeyenceCorporationMember" xlink:to="ptf_KeyenceCorporationMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_KeyenceCorporationMember_doc" xml:lang="en-US">Keyence Corporation.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_TorayIndustriesIncMember" xlink:to="ptf_TorayIndustriesIncMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_TorayIndustriesIncMember_doc" xml:lang="en-US">Toray Industries, Inc.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_CortevaIncMember" xlink:to="ptf_CortevaIncMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_CortevaIncMember_doc" xml:lang="en-US">Corteva, Inc.</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_AdvancedDrainageSystemsIncMember_doc" xml:lang="en-US">Advanced Drainage Systems, Inc.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_EnphaseEnergyIncMember" xlink:to="ptf_EnphaseEnergyIncMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_EnphaseEnergyIncMember_doc" xml:lang="en-US">Enphase Energy, Inc.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_PrimorisServicesCorporationMember" xlink:to="ptf_PrimorisServicesCorporationMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_PrimorisServicesCorporationMember_doc" xml:lang="en-US">Primoris Services Corporation</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_CognexCorporationMember" xlink:to="ptf_CognexCorporationMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_CognexCorporationMember_doc" xml:lang="en-US">Cognex Corporation</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_C000227702Member" xlink:to="ptf_C000227702Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_C000227702Member_doc" xml:lang="en-US">Pear Tree Essex Environmental Opportunities Fund (Institutional Shares)</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_MSCIWorldOneMember_doc" xml:lang="en-US">MSCI World.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_C000227704Member" xlink:to="ptf_C000227704Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_C000227704Member_doc" xml:lang="en-US">Pear Tree Essex Environmental Opportunities Fund (R6 Shares)</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_C000025966Member_doc" xml:lang="en-US">Pear Tree Polaris Foreign Value Fund (Ordinary Shares)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_MSCIFAFEMember" xlink:to="ptf_MSCIFAFEMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_MSCIFAFEMember_doc" xml:lang="en-US">MSCI EAFE.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_DNBBankASAMember" xlink:to="ptf_DNBBankASAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_DNBBankASAMember_doc" xml:lang="en-US">DNB Bank ASA.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_SKHynixIncMember" xlink:to="ptf_SKHynixIncMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_SKHynixIncMember_doc" xml:lang="en-US">SK Hynix, Inc.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_SamsungElectronicsCompanyLimitedMember" xlink:to="ptf_SamsungElectronicsCompanyLimitedMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_SamsungElectronicsCompanyLimitedMember_doc" xml:lang="en-US">Samsung Electronics Company Limited</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_MarubeniCorporationMember" xlink:to="ptf_MarubeniCorporationMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_MarubeniCorporationMember_doc" xml:lang="en-US">Marubeni Corporation</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_TotalEnergiesSEMember" xlink:to="ptf_TotalEnergiesSEMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_TotalEnergiesSEMember_doc" xml:lang="en-US">TotalEnergies SE</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_EndesaSAMember_doc" xml:lang="en-US">Endesa, S.A.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_BarryCallebautAGMember" xlink:to="ptf_BarryCallebautAGMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_BarryCallebautAGMember_doc" xml:lang="en-US">Barry Callebaut AG</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_JazzPharmaceuticalsplcMember" xlink:to="ptf_JazzPharmaceuticalsplcMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_JazzPharmaceuticalsplcMember_doc" xml:lang="en-US">Jazz Pharmaceuticals plc</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_KoninklijkeAholdDelhaizeNVMember" xlink:to="ptf_KoninklijkeAholdDelhaizeNVMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_KoninklijkeAholdDelhaizeNVMember_doc" xml:lang="en-US">Koninklijke Ahold Delhaize N.V.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_ORIXCorporationMember" xlink:to="ptf_ORIXCorporationMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_ORIXCorporationMember_doc" xml:lang="en-US">ORIX Corporation</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_C000025967Member" xlink:to="ptf_C000025967Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_C000025967Member_doc" xml:lang="en-US">Pear Tree Polaris Foreign Value Fund (Institutional Shares).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_MSCIFAFEOneMember" xlink:to="ptf_MSCIFAFEOneMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_MSCIFAFEOneMember_doc" xml:lang="en-US">MSCI EAFE.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_C000177797Member" xlink:to="ptf_C000177797Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_C000177797Member_doc" xml:lang="en-US">Pear Tree Polaris Foreign Value Fund (R6 Shares).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_Russell2000OneMember" xlink:to="ptf_Russell2000OneMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_Russell2000OneMember_doc" xml:lang="en-US">Russell 2000 [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_C000063163Member_doc" xml:lang="en-US">Pear Tree Polaris Foreign Value Small Cap Fund (Ordinary Shares).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_MSCIACWIExUSASmallCapMember" xlink:to="ptf_MSCIACWIExUSASmallCapMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_MSCIACWIExUSASmallCapMember_doc" xml:lang="en-US">MSCI ACWI ex USA Small Cap.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_MSCIACWIExUSAMember" xlink:to="ptf_MSCIACWIExUSAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_MSCIACWIExUSAMember_doc" xml:lang="en-US">MSCI ACWI ex USA.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_EquatorialEnergiaSAMember" xlink:to="ptf_EquatorialEnergiaSAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_EquatorialEnergiaSAMember_doc" xml:lang="en-US">Equatorial Energia S.A.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_DIeterenSAMember" xlink:to="ptf_DIeterenSAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_DIeterenSAMember_doc" xml:lang="en-US">D'Ieteren S.A.</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_RubisMember_doc" xml:lang="en-US">Rubis</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_KrungthaiCardPublicCompanyLimitedMember" xlink:to="ptf_KrungthaiCardPublicCompanyLimitedMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_KrungthaiCardPublicCompanyLimitedMember_doc" xml:lang="en-US">Krungthai Card Public Company Limited</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_RedesEnergeticasNacionaisSGPSSAMember" xlink:to="ptf_RedesEnergeticasNacionaisSGPSSAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_RedesEnergeticasNacionaisSGPSSAMember_doc" xml:lang="en-US">Redes Energ&#233;ticas Nacionais, SGPS, S.A.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_TISCOFinancialGroupMember" xlink:to="ptf_TISCOFinancialGroupMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_TISCOFinancialGroupMember_doc" xml:lang="en-US">TISCO Financial Group</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_ElisSAMember" xlink:to="ptf_ElisSAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_ElisSAMember_doc" xml:lang="en-US">Elis S.A.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_IpsosMember" xlink:to="ptf_IpsosMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_IpsosMember_doc" xml:lang="en-US">Ipsos</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_MizuhoLeasingCompanyLimitedMember" xlink:to="ptf_MizuhoLeasingCompanyLimitedMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_MizuhoLeasingCompanyLimitedMember_doc" xml:lang="en-US">Mizuho Leasing Company, Limited</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_GlanbiaplcMember" xlink:to="ptf_GlanbiaplcMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_GlanbiaplcMember_doc" xml:lang="en-US">Glanbia plc</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_C000063164Member" xlink:to="ptf_C000063164Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_C000063164Member_doc" xml:lang="en-US">Pear Tree Polaris Foreign Value Small Cap Fund (Institutional Shares).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_MSCIACWIExUSASmallCapOneMember" xlink:to="ptf_MSCIACWIExUSASmallCapOneMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_MSCIACWIExUSASmallCapOneMember_doc" xml:lang="en-US">MSCI ACWI ex USA Small Cap.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_MSCIACWIExUSAOneMember" xlink:to="ptf_MSCIACWIExUSAOneMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_MSCIACWIExUSAOneMember_doc" xml:lang="en-US">MSCI ACWI ex USA.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_C000177800Member" xlink:to="ptf_C000177800Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_C000177800Member_doc" xml:lang="en-US">Pear Tree Polaris Foreign Value Small Cap Fund (R6 Shares).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_C000209789Member" xlink:to="ptf_C000209789Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_C000209789Member_doc" xml:lang="en-US">Pear Tree Polaris International Opportunities Fund (Ordinary Shares).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_SOLSpaMember" xlink:to="ptf_SOLSpaMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_SOLSpaMember_doc" xml:lang="en-US">SOL S.p.A.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_CranswickplcMember" xlink:to="ptf_CranswickplcMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_CranswickplcMember_doc" xml:lang="en-US">Cranswick plc</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_KingboardLaminatesHoldingsLtdMember" xlink:to="ptf_KingboardLaminatesHoldingsLtdMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_KingboardLaminatesHoldingsLtdMember_doc" xml:lang="en-US">Kingboard Laminates Holdings, Ltd.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_SparebankenNorgeMember" xlink:to="ptf_SparebankenNorgeMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_SparebankenNorgeMember_doc" xml:lang="en-US">Sparebanken Norge</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_YageoCorporationMember" xlink:to="ptf_YageoCorporationMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_YageoCorporationMember_doc" xml:lang="en-US">Yageo Corporation</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_ChaileaseHoldingCoLtdMember" xlink:to="ptf_ChaileaseHoldingCoLtdMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_ChaileaseHoldingCoLtdMember_doc" xml:lang="en-US">Chailease Holding Co., Ltd.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_MacquarieGroupLimitedMember" xlink:to="ptf_MacquarieGroupLimitedMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_MacquarieGroupLimitedMember_doc" xml:lang="en-US">Macquarie Group Limited</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_JACRecruitmentCoLtdMember" xlink:to="ptf_JACRecruitmentCoLtdMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_JACRecruitmentCoLtdMember_doc" xml:lang="en-US">JAC Recruitment Co., Ltd.</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_VSTECSHoldingsLimitedMember_doc" xml:lang="en-US">VSTECS Holdings Limited</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_C000209788Member" xlink:to="ptf_C000209788Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_C000209788Member_doc" xml:lang="en-US">Pear Tree Polaris International Opportunities Fund (Institutional Shares).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_C000209787Member" xlink:to="ptf_C000209787Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="ptf_C000209787Member_doc" xml:lang="en-US">Pear Tree Polaris International Opportunities Fund (R6 Shares).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ptf_MSCIACWIExUSATwoMember" xlink:to="ptf_MSCIACWIExUSATwoMember_doc" xlink:type="arc" />
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