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*
-15.30%

NAV*
$19.26

INCEPTION
May 6, 1985

MINIMUM INVESTMENT
$2,500

CUSIP
70472Q203

BENCHMARK
S&P 500

NET EXPENSE RATIO(1)
1.22%

GROSS EXPENSE RATIO(2)
1.52%

 

*as of 5/13/2022

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Performance

YTD
As Of 5/13/2022
Quarterly
As Of 3/31/2022
1 Year
As Of 3/31/2022
3 Years
As Of 3/31/2022
5 Years
As Of 3/31/2022
10 Years
As Of 3/31/2022
Since Inception As Of
3/31/2022
Total Gross Expense Ratio(1) Total Net Expense Ratio(2)
-15.30% -7.21% 10.60% 17.67% 16.40% 13.73% 10.14% 1.52% 1.22%

Calendar Year

2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
28.04% 18.65% 31.19% -1.67% 28.45% 7.84% 2.52% 11.01% 24.54% 10.84% 12.78%

Portfolio

as of March 31, 2022

Top Ten Holdings

Percentage Of Total Net Assets 42.70
Microsoft Corporation 7.10%
UnitedHealth Group, Inc. 5.40%
Apple, Inc. 5.00%
Oracle Corporation 4.20%
Alphabet, Inc. Class A 3.80%
Coca-Cola Company (The) 3.70%
Lam Research Corporation 3.50%
U.S. Bancorp 3.40%
Anthem, Inc. 3.30%
Accenture Plc 3.30%

Sector Weightings

Percentage Of Total Net Assets 100.0%
Information Technology 39.60%
Health Care 24.40%
Financials 8.20%
Consumer Staples 8.00%
Communication Services 6.90%
Consumer Discretionary 6.90%
Industrials 5.60%
Energy 0.00%
Materials 0.00%
Real Estate 0.00%
Utilities 0.00%
CASH + other assets (net) 0.40%

Top Ten Country Allocations

Percentage Of Total Net Assets 0.00%
United States
China
United Kingdom
France
Taiwan
Germany
Spain
CASH + other assets (net)

Portfolio Characteristics

Net Assets $194,662,217
Number Of Holdings 44
Percentage in Top 10 Holdings 42.7
Weighted Average Market Cap (Mil) $568,447.50
Annual Turnover 41.00%

Portfolio Allocation

Percentage of Portfolio 100.0%
Equity Securities 99.60%
Cash and Other Assets (Net) 0.40%

Distributions

Dividend Short-Term Capital Gain Long-Term Capital Gain
2021 $0.0491 $0.4060 $1.9799
2020 $0.0990 $0.0820 $1.3883
2019 $0.1487 $0.0821 $3.2950

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.

Axiom International Investors began subadvising the Pear Tree Axiom Emerging Markets World Equity Fund December 8, 2018.

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, 2022 for all funds and share classes except Pear Tree Essex Environmental Opportunities Fund. Fee waivers and/or expense reimbursement for Pear Tree Essex Environmental Opportunities Fund and its share classes are in effect through August 31, 2022.

Risk Disclosure

Pear Tree Quality

Foreign Exposure. Foreign 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.

The Fund does not invest in the Target Portfolio. The Fund’s holdings are unlikely to be identical to the holdings of the Target Portfolio, and at any given time, may be substantially different.

The Fund is not managed or sub-advised by the investment manager of the Target Portfolio, the investment manager of The Fund is not managed or sub-advised by the investment manager of the Target Portfolio, the investment manager of the Target Portfolio is not affiliated with the manager or sub-adviser of the Fund, and the investment manager of the Target Portfolio is not involved in the management of The Fund.