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*
23.27%

NAV*
$24.26

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 11/29/2021

Investment Professionals

Sign up for Quarterly updates and White Papers.

Performance

YTD
As Of 11/29/2021
Quarterly
As Of 09/30/2021
1 Year
As Of 09/30/2021
3 Years
As Of 09/30/2021
5 Years
As Of 09/30/2021
10 Years
As Of 09/30/2021
Since Inception As Of
09/30/2021
Total Gross Expense Ratio(1) Total Net Expense Ratio(2)
23.27% -0.22% 33.76% 16.80% 17.76% 15.70% 10.23% 1.52% 1.22%

Calendar Year

2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
18.65% 31.19% -1.67% 28.45% 7.84% 2.52% 11.01% 24.54% 10.84% 12.78% 7.10%

Portfolio

as of September 30, 2021

Top Ten Holdings

Percentage Of Total Net Assets 41.90%
Microsoft Corporation 5.90%
Alphabet, Inc. 5.00%
U.S. Bancorp 4.70%
UnitedHealth Group, Inc. 4.50%
Accenture Plc 3.90%
Oracle Corporation 3.80%
Apple, Inc. 3.70%
Coca-Cola Company (The) 3.70%
Wells Fargo & Company 3.40%
Taiwan Semiconductor Manufacturing Co., Ltd. 3.30%

Sector Weightings

Percentage Of Total Net Assets 100.0%
Information Technology 36.30%
Health Care 22.80%
Financials 11.80%
Communication Services 8.70%
Consumer Staples 6.80%
Industrials 6.00%
Consumer Discretionary 5.90%
Materials 0.00%
Energy 0.00%
Utilities 0.00%
Real Estate 0.00%
CASH + other assets (net) 1.70%

Top Ten Country Allocations

Percentage Of Total Net Assets 100.00%
United States 81.90%
China 3.10%
France 3.50%
Germany 2.20%
United Kingdom 4.30%
Taiwan 3.30%
CASH + other assets (net) 1.70%

Portfolio Characteristics

Net Assets $212,775,722
Number Of Holdings 41
Percentage in Top 10 Holdings 41.90%
Weighted Average Market Cap (Mil) $498,515.80
Annual Turnover 41.00%

Portfolio Allocation

Percentage of Portfolio 100.0%
Equity Securities 98.30%
Cash and Other Assets (Net) 1.70%

Distributions

Dividend Short-Term Capital Gain Long-Term Capital Gain
2020 $0.3544 $0.0000 $0.0000
2019 $0.2522 $0.0000 $0.0000
2018 $0.1094 $0.0000 $0.0780

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.