Performance Charts

Ordinary Class Shares

Pear Tree Fund NameYTD as of 11/20/20191 Month as of 10/31/2019Qrtly as of 9/30/20191 Year as of 9/30/20195 Years as of 9/30/201910 Years as of 9/30/2019Since Inception 9/30/2019Total Gross Expense Ratio*Total Net Expense Ratio*
Polaris Small Cap #
(Inception: 8/3/1992 )
18.06%1.95%-1.07%-8.60%6.08%9.16%9.18%1.56%1.56%
Axiom Emerging Markets World Equity ##
(Inception: 9/30/1994)
16.53%4.88%-1.88%1.02%-0.18%2.49%4.67%1.73%1.51% (1)
Polaris Foreign Value
(Inception: 5/15/1998 )
12.13%2.97%-2.79%-6.95%3.53%6.63%6.10%1.51%1.41% (4)
Polaris Foreign Value Small Cap
(Inception: 5/1/2008)
12.25%3.69%-1.85%-7.28%3.11%7.02%5.54%1.54%1.44% (4)
Quality
(Inception: 5/6/1985 )
26.46%2.95%2.02%4.86%11.78%12.71%9.52%1.54%1.25% (2)
Polaris International Opportunities**
(Inception: 1/30/2019)
12.50%3.27%-2.73%6.90%1.75%1.75%

Institutional Class Shares

Pear Tree Fund NameYTD as of 11/20/20191 Month as of 10/31/2019Qrtly as of 9/30/20191 Year as of 9/30/20195 Years as of 9/30/201910 Years as of 9/30/2019Since Inception 9/30/2019Total Gross Expense Ratio*Total Net Expense Ratio*
Polaris Small Cap #
(Inception: 1/6/1993)
18.43%2.01%-0.96%-8.26%6.41%9.47%8.74%1.30%1.18% (3)
Axiom Emerging Markets World Equity ##
(Inception: 4/2/1996)
16.95%4.94%-1.80%1.42%0.14%2.79%5.96%1.47%1.13% (1,3)
Polaris Foreign Value
(Inception: 12/18/1998)
12.44%3.02%-2.70%-6.63%3.85%6.93%7.41%1.26%1.04% (3&4)
Polaris Foreign Value Small Cap
(Inception: 5/1/2008)
12.58%3.75%-1.77%-6.88%3.45%7.32%5.82%1.29%1.07% (3&4)
Quality**
(Inception: 3/25/1991)
26.91%3.00%2.11%5.24%12.12%13.13%8.56%1.29%0.88% (2&3)
Polaris International Opportunities**
(Inception: 1/30/2019)
12.80%3.26%-2.63%7.20%1.50%1.38% (3)

R6 Class Shares

Pear Tree Fund NameYTD as of 11/20/20191 Month as of 10/31/2019Qrtly as of 9/30/20191 Year as of 9/30/20195 Years as of 9/30/201910 Years as of 9/30/2019Since Inception 9/30/2019Total Gross Expense Ratio*Total Net Expense Ratio*
Polaris Foreign Value
(Inception: 2/6/2017)
12.55%3.13%-2.78%-6.61%--5.00%1.11%0.94% (4&5)
Polaris Foreign Value Small Cap
(Inception: 2/6/2017)
12.71%3.78%-1.76%-6.92%--4.29%1.15%1.05% (4)
Axiom Emerging Markets World Equity**, ##
(Inception: 1/28/2019)
10.60%4.85%-1.78%5.00%1.70%1.05% (1&6)
Polaris International Opportunities**
(Inception: 1/30/2019)
12.80%3.26%-2.63%7.20%1.35%1.35%
* per prospectus dated November 15, 2019 ** Fund is not available to residents in all states. Please call 800-326-2151 for fund availability in your state or jurisdiction.
# Polaris Capital began subadvising the Fund on January 1, 2015. ## Axiom International Investors began subadvising the Fund December 8, 2018. Performance numbers for periods less than one year are cumulative.
(1) The Manager has agreed until November 14,2020 to reduce its management fee to 0.78 percent of net assets up to $300 million; 0.83 percent for net assets over $300 million and up to $600 million; and 0.88 percent for net assets over $600 million. (2) The Manager has agreed until November 14, 2020 to waive 0.25 percent of its management fee if Quality Fund’s average daily net assets up to and including $125 million and 0.50 percent of its management fee on those net assets that are in excel of $125 million. (3) The Manager has agreed until November 14, 2020 to reduce it’s transfer agent fee by 0.12 percent. (4) The Manager has agreed until November 14, 2020 to waive its management fee by 0.10 percent of net assets. (5) The Manager has agreed until November 14, 2020 to reimburse expenses for R6 shares so that the total net expense ratio for R6 shares is not greater than 0.94 percent. (6)The Manager has agreed until November 14, 2020 to reimburse expenses for R6 shares so that the total net expense ratio, less any acquired fund fees and expenses, for R6 shares is not greater than 0.99 percent.