The PEAR TREE QUALITY FUND seeks long-term growth of capital by investing primarily in the common stocks of larger U.S. companies, generally with market capitalizations greater than $1 billion or more at time of purchase.

Investment Process

The Fund’s investment manager periodically selects a portfolio of securities organized as a mutual fund (the “Target Portfolio”) and then periodically rebalances to the target portfolio’s most recently publicly reported holdings. In order for a mutual fund to be a potential target portfolio, the mutual fund must, among other things:

  • Invest primarily in stocks of large U.S. companies
  • Be required to disclose publicly its holdings within 60 days of its quarter end
  • Typically, allow only institutional investors to invest directly in the target portfolio

Criteria for Selecting a Target Portfolio

The Fund’s investment manager considers, among other things, whether the:

  • Target portfolio may be easily replicated by the Fund
  • Purchases and sales of securities may potentially impact management of the target portfolio
  • Target portfolio and the Fund’s investment objective and investment policies are comparable
  • Target portfolio has historically a low rate of turnover and strong performance

Fund Overview

YTD RETURN*
13.12%

NAV*
$23.36

INCEPTION
May 6, 1985

MINIMUM INVESTMENT
$2,500

CUSIP
70472Q203

BENCHMARK
S&P 500

NET EXPENSE RATIO(1)
1.19%

GROSS EXPENSE RATIO(2)
1.51%

 

*as of 6/14/2024

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Performance

YTD
As Of 6/14/2024
Quarterly
As Of 3/31/2024
1 Year
As Of 3/31/2024
3 Years
As Of 3/31/2024
5 Years
As Of 3/31/2024
10 Years
As Of 3/31/2024
Since Inception As Of
3/31/2024
Total Gross Expense Ratio(1) Total Net Expense Ratio(2)
13.12% 10.56% 31.08% 12.52% 15.98% 13.71% 10.31% 1.51% 1.19%

Calendar Year

2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
29.22% -16.34% 28.04% 18.65% 31.19% -1.67% 28.45% 7.84% 2.52% 11.01% 24.54%

Portfolio

as of March 31, 2024

Top Ten Holdings

Percentage Of Total Net Assets 40.00%
Microsoft Corporation 6.80%
UnitedHealth Group, Inc. 5.00%
Amazon.com, Inc. (a) 4.00%
Safran SA 3.80%
Meta Platforms, Inc. (a) 3.60%
Lam Research Corporation 3.50%
Johnson & Johnson 3.40%
Oracle Corporation 3.40%
SAP AG (b) 3.30%
Apple, Inc. 3.20%

Sector Weightings

Percentage Of Total Net Assets 100.00%
Information Technology 36.80%
Health Care 24.30%
Consumer Discretionary 10.90%
Consumer Staples 8.20%
Industrials 6.70%
Communication Services 6.70%
Financials 5.30%
CASH + other assets (net) 1.10%

Top Ten Country Allocations

Percentage Of Total Net Assets 100.00%
United States 75.30%
United Kingdom 5.60%
France 5.00%
China 3.30%
Germany 3.30%
Taiwan 3.00%
Ireland 2.80%
Spain 0.60%
CASH + other assets (net) 1.10%

Portfolio Characteristics

Net Assets $323,397,241
Number Of Holdings 41
Percentage in Top 10 Holdings 40.00%
Weighted Average Market Cap (Mil) $676,976.30
Annual Turnover 34.00%

Portfolio Allocation

Percentage of Portfolio 100.00%
Equity Securities 98.90%
Cash and Other Assets (Net) 1.10%

Distributions

Dividend Short-Term Capital Gain Long-Term Capital Gain
2023 $0.0733 $0.0814 $0.7475
2022 $0.0785 $0.0138 $2.3353
2021 $0.0491 $0.4060 $1.9799

Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than performance data quoted. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost.

Before investing, carefully consider the Fund's investment objectives, risks, charges and expenses. For this and other information obtain the Fund's prospectus or, if available, the Fund's summary prospectus by calling (800) 326-2151 or by clicking the Literature and Forms section of this website to view or download a prospectus or, if available, a summary prospectus. Please read the prospectus carefully before you invest or send money.

1, 3, 5, and 10Yr performance numbers quoted are average annual total returns. Performance numbers quoted under one year are cumulative.

Polaris Capital began subadvising the Pear Tree Small Cap Fund on January 1, 2015.

The Pear Tree Essex Environment Opportunities Fund (the “Fund”) is the successor to the investment performance of the Essex Environmental Opportunities Fund (“Predecessor Fund”) as a result of the reorganization of the Predecessor Fund into the Environmental Opportunities Fund on September 1, 2021. Performance information shown prior to the close of business on August 31, 2021 is that of the Predecessor Fund’s for the Fund’s Ordinary Shares and Institutional Shares.

Expense Ratios Disclosure

1. Expense Ratio (Gross)
The gross expense ratio is the total operating expense from the class of shares of the fund stated as a percent of the fund's total net assets as disclosed in the fund’s most recent prospectus before waivers or reimbursements.

2. Expense Ratio (Net)
Net Expense Ratio is the total annual operating expense from the class of shares of the funds stated as a percent of the fund's total net assets as disclosed in the fund’s most recent prospectus after any fee waiver and/or expense reimbursements that will reduce any fund operating expenses until July 31, 2024 for all funds except Pear Tree Polaris International Opportunities Fund whose net expense ratio will expire on September 30, 2024.

Risk Disclosure

Pear Tree Polaris Foreign Value
Pear Tree Polaris Foreign Value Small Cap
Pear Tree Polaris International Opportunities
Pear Tree Polaris Small Cap
Pear Tree Essex Environmental Opportunities

Foreign and Emerging Market Risk. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.

Small Cap Investing. The value of securities of smaller, less well-known issuers can perform differently from the market as a whole and other types of stocks and can be more volatile than that of larger issuers.