EX-99 5 exhibitd.htm EXHIBIT D exhibitd.htm

EXHIBIT D
 
A Single insured fidelity bond in the following amount would have been acquired and maintained by each of the following investment companies had they not been named as an insured under a joint insured policy:
 

 
Investment Company
Assets as of 7/31/2012
Minimum Required Coverage
     
Pear Tree Funds
    
    Small Cap Fund
$ 93,749,284
$450,000
    Micro Cap Fund
$4,444,042
$125,000
    Quality Fund
$  93,744,669
$450,000
    Emerging Markets Fund
$ 151,937,856
$600,000
    Foreign Value Fund
$ 503,924,747
$900,000
    Foreign Value Small Cap
       Fund
$ 87,917,904
$450,000