NPORT-P false 0000722885 XXXXXXXX S000009490 C000025963 C000025964 C000177796 Pear Tree Funds 811-03790 0000722885 00000000000000000000 55 OLD BEDFORD ROADSUITE 202 Lincoln 01773 8003311244 Pear Tree Axiom Emerging Markets World Equity Fund S000009490 54930009FLN77RRSG827 2022-03-31 2021-06-30 N 124493229.23 304501.74 124188727.49 0 0 0 0 0 304501.74 0 0 0 0 0 0 0 N Kia Motors Corporation N/A 649092905 22616 NS 1799399.37 0.014489 Long EC CORP KR N N/A N N N SK Hynix, Inc. N/A 645026907 20932 NS 2369870.8 0.019083 Long EC CORP KR N N/A N N N Wuliangye Yibin Co., Ltd. N/A BD5CPG908 45550 NS 2099959.68 0.016909 Long EC CORP CN N N/A N N N Hyundai Motor Company Ltd. N/A N/A 10113 NS 2150746.79 0.017318 Long EC CORP KR N N/A N N N POSCO N/A 006693233 5191 NS 1604109.58 0.012917 Long EC CORP KR N N/A N N N Samsung Electronics Company Limited N/A 677172009 88961 NS 6374952.45 0.051333 Long EC CORP KR N N/A N N N Samsung Electronics Co., Ltd. N/A 677381907 9116 NS 596589.44 0.004804 Long EP CORP KR N N/A N N N Nice Information Service Co., Ltd. N/A 624833901 15433 NS 343975.76 0.00277 Long EC CORP KR N N/A N N N Naver Corp. N/A 656039906 4745 NS 1759124.01 0.014165 Long EC CORP KR N N/A N N N Kakao Corp. N/A 006194037 11396 NS 1649467.66 0.013282 Long EC CORP KR N N/A N N N LG Chem Ltd. N/A N/A 2443 NS 1843937.31 0.014848 Long EC CORP KR N N/A N N N Shinhan Financial Group Co., Limited N/A 639750900 43809 NS 1579403.63 0.012718 Long EC CORP KR N N/A N N N Hana Financial Group, Inc. N/A N/A 33013 NS 1349952.18 0.01087 Long EC CORP KR N N/A N N N AIA Group Ltd. N/A 00B4TX8S1 141200 NS 1754568.05 0.014128 Long EC CORP HK N N/A N N N Makalot Industrial Co., Ltd. N/A 006580432 167000 NS 1642279.05 0.013224 Long EC CORP TW N N/A N N N Airtac International Group N/A N/A 27000 NS 1041722.75 0.008388 Long EC CORP KY N N/A N N N Ganfeng Lithium Co., Ltd. N/A 00BZ9NS11 44000 NS 657232.26 0.005292 Long EC CORP CN N N/A N N N Samsonite International SA N/A 00B4Q1532 134100 NS 274212.65 0.002208 Long EC CORP US N N/A N N N Samsung Bioepis Co., Ltd. N/A H01301128 604 NS 451062.47 0.003632 Long EC CORP KR N N/A N N N WuXi Biologics (Cayman) Inc. (a) N/A BZ3C3R901 78500 NS 1438410.23 0.011582 Long EC CORP KY N N/A N N N United Microelectronics Corporation N/A 006916628 110000 NS 209636.61 0.001688 Long EC CORP TW N N/A N N N Delta Electronics, Inc. N/A 006260734 112000 NS 1217981.16 0.009808 Long EC CORP TW N N/A N N N Hon Hai Precision Industry Co. ltd. N/A 006438564 181000 NS 727572.9 0.005859 Long EC CORP TW N N/A N N N Taiwan Semiconductor Manufacturing Co., Ltd. N/A 688910900 189000 NS 4036069.99 0.032499 Long EC CORP TW N N/A N N N Li Ning Company Limited N/A B01JCK900 303000 NS 3698785.72 0.029784 Long EC CORP KY N N/A N N N Realtek Semiconductor Corporation N/A 605142900 69000 NS 1250605.65 0.01007 Long EC CORP TW N N/A N N N MediaTek, Inc. N/A N/A 57100 NS 1971474.2 0.015875 Long EC CORP TW N N/A N N N Galaxy Entertainment Group N/A 006465874 115000 NS 920337.63 0.007411 Long EC CORP HK N N/A N N N Centre Testing International Group Co., Ltd. N/A BD5C7D905 218200 NS 1076563.65 0.008669 Long EC CORP CN N N/A N N N Shenzhen Inovance Technology Co., Ltd. N/A 00BD5CMN8 88800 NS 1020550.65 0.008218 Long EC CORP CN N N/A N N N Contemporary Amperex Technology Company, Ltd. N/A 00BHQPSY7 32600 NS 2698209.39 0.021727 Long EC CORP CN N N/A N N N Shenzhen Mindray Bio-Medical Electronics Co., Ltd. N/A 00BHQK864 14200 NS 1054973.3 0.008495 Long EC CORP CN N N/A N N N Hong Kong Exchanges & Clearing Ltd. N/A ACI1374F7 6500 NS 387360.13 0.003119 Long EC CORP HK N N/A N N N China International Capital Corporation Limited - H N/A BZ169C903 234800 NS 631906.15 0.005088 Long EC CORP CN N N/A N N N China Merchants Bank Co., Ltd. - H Shares N/A B1DYPZ905 166500 NS 1420392.36 0.011437 Long EC CORP CN N N/A N N N LONGi Green Energy Technology N/A 00BRTL411 57960 NS 796899.54 0.006417 Long EC CORP CN N N/A N N N Country Garden Services Holdings Company, Ltd. N/A ACI0J3KZ9 64000 NS 691433.06 0.005568 Long EC CORP KY N N/A N N N Silergy Corp. N/A ACI0054Q2 7500 NS 1020188.43 0.008215 Long EC CORP KY N N/A N N N Globalwafers Co., Ltd. N/A 00BS7JP33 9000 NS 296850.61 0.00239 Long EC CORP TW N N/A N N N Techtronic Industries Company Limited N/A N/A 49500 NS 864317.08 0.00696 Long EC CORP HK N N/A N N N Tencent Holdings Limited N/A BMMV2K903 38700 NS 2910261.53 0.023434 Long EC CORP KY N N/A N N N Tokyo Electron Limited N/A 006895675 1240 NS 537158.3 0.004325 Long EC CORP JP N N/A N N N Nien Made Enterprise Company Ltd. N/A N/A 37000 NS 549107.22 0.004422 Long EC CORP TW N N/A N N N China Longyuan Power Group H N/A 00B4Q2TX3 371000 NS 639202.15 0.005147 Long EC CORP CN N N/A N N N Giant Manufacturing Company, Ltd. N/A N/A 10000 NS 114311.35 0.00092 Long EC CORP TW N N/A N N N Airports of Thailand Public Company Limited (d) N/A 006741206 160200 NS 309903.28 0.002495 Long EC CORP TH N N/A N N N Asian Paints Ltd. N/A N/A 27278 NS 1098276.21 0.008844 Long EC CORP IN N N/A N N N ASML Holding N.V. N/A ACI02GTQ9 1645 NS 1130352.23 0.009102 Long EC CORP NL N N/A N N N Atlas Copco AB N/A BD97BN905 6935 NS 424912.89 0.003422 Long EC CORP SE N N/A N N N Bajaj Finserv Limited N/A 00BD2N0P2 12382 NS 1002129.08 0.008069 Long EC CORP IN N N/A N N N PT Bank Rakyat Indonesia Tbk (a) N/A 670909902 2094800 NS 569207.72 0.004583 Long EC CORP ID N N/A N N N Cemex S.A.B. CPO (a) N/A 002406457 1740300 NS 1470171.32 0.011838 Long EC CORP MX N N/A N N N Clicks Group Limited N/A 610557902 9541 NS 164168.44 0.001322 Long EC CORP ZA N N/A N N N Capitec Bank N/A 006440859 4565 NS 539175.65 0.004342 Long EC CORP ZA N N/A N N N DBS Group Holdings Ltd. N/A 006175203 51400 NS 1139885.43 0.009179 Long EC CORP SG N N/A N N N Sartorius Stedim Biotech N/A N/A 989 NS 467874.88 0.003767 Long EC CORP FR N N/A N N N Dino Polska S.A. N/A BD0YVN903 4704 NS 345849.65 0.002785 Long EC CORP PL N N/A N N N Epiroc AB N/A N/A 25729 NS 586650.8 0.004724 Long EC CORP SE N N/A N N N Escorts Limited N/A 609987904 56848 NS 933139.31 0.007514 Long EC CORP IN N N/A N N N Fortescue Metals Group Limited N/A 006086253 9457 NS 165710.5 0.001334 Long EC CORP AU N N/A N N N FirstRand Limited N/A 660699901 84729 NS 317997.81 0.002561 Long EC CORP ZA N N/A N N N Grupo Financiero Banorte SAB de CV N/A 002421041 147200 NS 951933.5 0.007665 Long EC CORP MX N N/A N N N Notre Dame Intermedica Participacoes S.A. N/A BF4J7K900 11700 NS 198027.26 0.001595 Long EC CORP BR N N/A N N N Hapvida Participacoes e Investimentos S.A. N/A BF4J7N904 123200 NS 378347.91 0.003047 Long EC CORP BR N N/A N N N HDFC Bank Ltd. N/A BK1N46907 103325 NS 2082207.96 0.016766 Long EC CORP IN N N/A N N N Vale Indonesia Tbk N/A 00B0217K9 848500 NS 269764.48 0.002172 Long EC CORP ID N N/A N N N Kasikornbank PCL (e) N/A 006364766 25900 NS 95357.25 0.000768 Long EC CORP TH N N/A N N N KGHM Polska Miedz S.A. N/A 005263251 9014 NS 444307.09 0.003578 Long EC CORP PL N N/A N N N LUKoil P.J.S.C. (b) N/A BYZDW2900 23664 NS USD 2191759.68 0.017649 Long EC CORP RU N N/A N N N Locaweb Servicos de Internet S.A. (a) N/A 00BL3W4C9 33600 NS 181194.52 0.001459 Long EC CORP BR N N/A N N N LVMH Moet Hennessy Louis Vuitton SE N/A 406141903 2115 NS 1658739.92 0.013357 Long EC CORP FR N N/A N N N Motherson Sumi Systems Ltd. N/A 006743990 262608 NS 855339.66 0.006887 Long EC CORP IN N N/A N N N Naspers Limited N Shares N/A 662269901 11786 NS 2474764.5 0.019927 Long EC CORP ZA N N/A N N N OTP Bank Nyrt. N/A 007320154 20664 NS 1113819.82 0.008969 Long EC CORP HU N N/A N N N Prosus N.V. N/A N/A 4319 NS 422424.02 0.003401 Long EC CORP NL N N/A N N N PTT Exploration & Production PCL (d) N/A 00B1359L2 366700 NS 1338655.23 0.010779 Long EC CORP TH N N/A N N N Localiza Rent a Car S.A. N/A N/A 72500 NS 924689.61 0.007446 Long EC CORP BR N N/A N N N Reliance Industries Ltd. N/A 609962907 51598 NS 1465159.68 0.011798 Long EC CORP IN N N/A N N N Sberbank of Russia (a)(b) N/A 00B5SC091 120043 NS USD 1993314.02 0.016051 Long EC CORP RU N N/A N N N Teleperformance SE N/A 599933900 745 NS 302435.37 0.002435 Long EC CORP FR N N/A N N N Usinas Siderurgicas de Minas Gerais S.A. N/A 002386009 67100 NS 255407.64 0.002057 Long EC CORP BR N N/A N N N UltraTech Cement Ltd. N/A 00B01GZF6 6423 NS 585527.35 0.004715 Long EC CORP IN N N/A N N N Wal-Mart de Mexico, S.A.B. de C.V. N/A BW1YVH903 182700 NS 597086.41 0.004808 Long EC CORP MX N N/A N N N Weg S.A. N/A 294542907 123000 NS 825817.57 0.00665 Long EC CORP BR N N/A N N N Hanergy Mobile Energy Holding Group * (a) N/A 934CYD901 36000 NS 0 0 Long EC CORP HK N N/A N N N China Huishan Dairy Holdings Co., Ltd. * (a) N/A 965ULL909 208000 NS 0 0 Long EC CORP HK N N/A N N N Alibaba Group Holding Ltd. (a)(b) N/A 01609W102 15503 NS USD 3515770.34 0.02831 Long EC CORP KY N N/A N N N Banco Bradesco S.A. (b) N/A 059460303 90040 NS USD 461905.2 0.003719 Long EC CORP BR N N/A N N N Baidu, Inc. (a)(b) N/A 056752108 7290 NS USD 1486431 0.011969 Long EC CORP CN N N/A N N N AL Rajhi Bank N/A 231486313 55672 NS USD 1644790.27 0.013244 Long CORP GB N N/A N N N Citigroup Inc. N/A 172967424 1510 NS USD 106832.5 0.00086 Long EC CORP US N N/A N N N Copa Holdings, S.A. N/A P31076105 10010 NS USD 754053.3 0.006072 Long EC CORP PA N N/A N N N Estee Lauder Companies, Inc. (The) N/A 518439104 2678 NS USD 851818.24 0.006859 Long EC CORP US N N/A N N N Globant S.A. N/A L44385109 3889 NS USD 852391.02 0.006864 Long EC CORP LU N N/A N N N iShares Core MSCI Emerging Markets ETF N/A 46434G103 20100 NS USD 1346499 0.010842 Long RF US N N/A N N N Infosys Limited - SP (b) N/A 456788108 131300 NS USD 2782247 0.022403 Long EC CORP IN N N/A N N N Mercado Libre, Inc. N/A 58733R102 35 NS USD 54522.65 0.000439 Long EC CORP US N N/A N N N NVIDIA Corporation (a) N/A 67066G104 845 NS USD 676084.5 0.005444 Long EC CORP US N N/A N N N PagSeguro Digital Ltd. N/A G68707101 6580 NS USD 367953.6 0.002963 Long EC CORP KY N N/A N N N Sea Ltd. (Singapore) (b) N/A 81141R100 942 NS USD 258673.2 0.002083 Long EC CORP US N N/A N N N Trip.com Group Limited (b) N/A 89677Q107 41860 NS USD 1484355.6 0.011952 Long EC CORP KY N N/A N N N Taiwan Semiconductor Manufacturing Co., Ltd. (b) N/A 874039100 62300 NS USD 7485968 0.060279 Long EC CORP TW N N/A N N N Tata Motors Limited (b) N/A 876568502 31300 NS USD 713014 0.005741 Long EC CORP IN N N/A N N N United Microelectronics Corporation (b) N/A 910873405 40600 NS USD 383670 0.003089 Long EC CORP TW N N/A N N N Yum China Holdings, Inc. N/A 98850P109 11480 NS USD 760550 0.006124 Long EC CORP CN N N/A N N N Zai Lab Limited (b) N/A 98887Q104 4180 NS USD 739818.2 0.005957 Long EC CORP KY N N/A N N N Grupo Aeroportuario del Sureste, S. A. B. de C.V. N/A MXP001661 20375 NS 376472.65 0.003031 Long EC CORP MX N N/A N N N Grupo Mexico S.A.B. de C.V. Class B N/A MXP370841 93600 NS 440769.24 0.003549 Long EC CORP MX N N/A N N N JSC Bank for Foreign Trade of Vietnam N/A NL0013547 45320 NS USD 229319.2 0.001847 Long CORP NL N N/A N N N JSC Bank for Foreign Trade of Vietnam N/A N/A 13000 NS USD 65780 0.00053 Long CORP VN N N/A N N N Federated Hermes Treasury Obligations Fund N/A 60934N500 0 OU Par Value USD 0 0 Long STIV CORP US N N/A N N N 0 N/A N/A 0 PA 0 0 Short ZA N N/A N N N 0 N/A N/A 0 PA 0 0 Long HK N N/A N N N 0 N/A N/A 2761650.57 PA 427400.85 0.003442 Long CN N N/A N N N 0 N/A N/A 7362 PA 5476.86 0.000044 Long SG N N/A N N N 0 N/A N/A 196615.81 PA 174.59 0.000001 Long KR N N/A N N N 0 N/A N/A 0 PA 0 0 Short HK N N/A N N N 0 N/A N/A -0.01 PA 0 0 Short ZA N N/A N N N 2021-08-26 Pear Tree Funds Diane Hunt Diane Hunt Assistant Treasurer XXXX