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      <seriesName>Pear Tree Polaris Foreign Value Fund</seriesName>
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        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="133.09"/>
        <valUSD>37716582.76</valUSD>
        <pctVal>0.011876</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Daito Trust Construction Company, Ltd.</name>
        <lei>N/A</lei>
        <title>Daito Trust Construction Company, Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="1878 JP"/>
          <other otherDesc="6250508" value="SEDOL"/>
        </identifiers>
        <balance>576100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="133.09"/>
        <valUSD>57094890.68</valUSD>
        <pctVal>0.017977</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Deutsche Telekom AG</name>
        <lei>N/A</lei>
        <title>Deutsche Telekom AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="DTE GR"/>
          <other otherDesc="5842359" value="SEDOL"/>
        </identifiers>
        <balance>3279890</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.9204"/>
        <valUSD>79645308.02</valUSD>
        <pctVal>0.025077</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>D'Ieteren S.A.</name>
        <lei>N/A</lei>
        <title>D'Ieteren S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="DIE BB"/>
          <other otherDesc="4247494" value="SEDOL"/>
        </identifiers>
        <balance>294853</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.9204"/>
        <valUSD>57311170.9</valUSD>
        <pctVal>0.018045</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DNB Bank ASA</name>
        <lei>N/A</lei>
        <title>DNB Bank ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="DNB NO"/>
          <other otherDesc="BNG7113" value="SEDOL"/>
        </identifiers>
        <balance>3663130</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="10.4731"/>
        <valUSD>65528583.28</valUSD>
        <pctVal>0.020633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Duni AB</name>
        <lei>N/A</lei>
        <title>Duni AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="DUNI SS"/>
          <other otherDesc="B03RSL4" value="SEDOL"/>
        </identifiers>
        <balance>1566400</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="10.3696"/>
        <valUSD>14138929.18</valUSD>
        <pctVal>0.004452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>flatexDEGIRO AG</name>
        <lei>N/A</lei>
        <title>flatexDEGIRO AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="FTK GR"/>
          <other otherDesc="BYVQYG8" value="SEDOL"/>
        </identifiers>
        <balance>988400</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.9204"/>
        <valUSD>8537353.32</valUSD>
        <pctVal>0.002688</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Greencore Group plc</name>
        <lei>N/A</lei>
        <title>Greencore Group plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="GNC LN"/>
          <other otherDesc="0386410" value="SEDOL"/>
        </identifiers>
        <balance>19767301</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.8088"/>
        <valUSD>19857730.05</valUSD>
        <pctVal>0.006252</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hannover Rueck SE</name>
        <lei>N/A</lei>
        <title>Hannover Rueck SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="HNR1 GR"/>
          <other otherDesc="4511809" value="SEDOL"/>
        </identifiers>
        <balance>360900</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.9204"/>
        <valUSD>70717421.77</valUSD>
        <pctVal>0.022266</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Honda Motor Company, Ltd.</name>
        <lei>N/A</lei>
        <title>Honda Motor Company, Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="7267 JP"/>
          <other otherDesc="6435145" value="SEDOL"/>
        </identifiers>
        <balance>2362000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="133.09"/>
        <valUSD>62293335.34</valUSD>
        <pctVal>0.019614</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Mobis Company, Limited</name>
        <lei>N/A</lei>
        <title>Hyundai Mobis Company, Limited</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="012330KS"/>
          <other otherDesc="6449544" value="SEDOL"/>
        </identifiers>
        <balance>200500</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1301.85"/>
        <valUSD>33266505.36</valUSD>
        <pctVal>0.010474</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Inchcape plc</name>
        <lei>N/A</lei>
        <title>Inchcape plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="INCH LN"/>
          <other otherDesc="B61TVQ0" value="SEDOL"/>
        </identifiers>
        <balance>4259168</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.8088"/>
        <valUSD>40785430.46</valUSD>
        <pctVal>0.012842</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ipsos</name>
        <lei>N/A</lei>
        <title>Ipsos</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="IPS FP"/>
          <other otherDesc="B188NJ2" value="SEDOL"/>
        </identifiers>
        <balance>858380</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.9204"/>
        <valUSD>53252388.09</valUSD>
        <pctVal>0.016767</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jazz Pharmaceuticals plc</name>
        <lei>N/A</lei>
        <title>Jazz Pharmaceuticals plc</title>
        <cusip>G50871105</cusip>
        <identifiers>
          <ticker value="JAZZ"/>
        </identifiers>
        <balance>416700</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>60975711</valUSD>
        <pctVal>0.019199</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jumbo S.A.</name>
        <lei>N/A</lei>
        <title>Jumbo S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BELA GA"/>
          <other otherDesc="7243530" value="SEDOL"/>
        </identifiers>
        <balance>1094304</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.9204"/>
        <valUSD>23184406.78</valUSD>
        <pctVal>0.0073</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KDDI Corporation</name>
        <lei>N/A</lei>
        <title>KDDI Corporation</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="9433 JP"/>
          <other otherDesc="6248990" value="SEDOL"/>
        </identifiers>
        <balance>2123300</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="133.09"/>
        <valUSD>65299172.74</valUSD>
        <pctVal>0.02056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kia Motors Corporation</name>
        <lei>N/A</lei>
        <title>Kia Motors Corporation</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="000270KS"/>
          <other otherDesc="6490928" value="SEDOL"/>
        </identifiers>
        <balance>1166500</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1301.85"/>
        <valUSD>72578638.09</valUSD>
        <pctVal>0.022852</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LG Electronics Inc.</name>
        <lei>N/A</lei>
        <title>LG Electronics Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="066570KS"/>
          <other otherDesc="6520739" value="SEDOL"/>
        </identifiers>
        <balance>568900</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1301.85"/>
        <valUSD>50385351.62</valUSD>
        <pctVal>0.015865</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LG Uplus Corporation</name>
        <lei>N/A</lei>
        <title>LG Uplus Corporation</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="032640KS"/>
          <other otherDesc="6290902" value="SEDOL"/>
        </identifiers>
        <balance>6719903</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1301.85"/>
        <valUSD>55902407.72</valUSD>
        <pctVal>0.017602</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Linde plc</name>
        <lei>N/A</lei>
        <title>Linde plc</title>
        <cusip>G54950103</cusip>
        <identifiers>
          <ticker value="LIN"/>
        </identifiers>
        <balance>207244</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>73662807.36</valUSD>
        <pctVal>0.023194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Loomis AB, Class B</name>
        <lei>N/A</lei>
        <title>Loomis AB, Class B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LOOMISSS"/>
          <other otherDesc="BMVB566" value="SEDOL"/>
        </identifiers>
        <balance>1555483</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="10.3696"/>
        <valUSD>53251472.09</valUSD>
        <pctVal>0.016767</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lundin Mining Corporation</name>
        <lei>N/A</lei>
        <title>Lundin Mining Corporation</title>
        <cusip>550372957</cusip>
        <identifiers>
          <ticker value="LUN CN"/>
        </identifiers>
        <balance>9484100</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.3534"/>
        <valUSD>64329864.05</valUSD>
        <pctVal>0.020255</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Magna International Inc.</name>
        <lei>N/A</lei>
        <title>Magna International Inc.</title>
        <cusip>559222955</cusip>
        <identifiers>
          <ticker value="MG CN"/>
        </identifiers>
        <balance>1132249</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.3534"/>
        <valUSD>60561183.03</valUSD>
        <pctVal>0.019069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Marubeni Corporation</name>
        <lei>N/A</lei>
        <title>Marubeni Corporation</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="8002 JP"/>
          <other otherDesc="6569464" value="SEDOL"/>
        </identifiers>
        <balance>6256900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="133.09"/>
        <valUSD>84411029.75</valUSD>
        <pctVal>0.026578</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Methanex Corporation</name>
        <lei>N/A</lei>
        <title>Methanex Corporation</title>
        <cusip>59151K959</cusip>
        <identifiers>
          <ticker value="MX CN"/>
        </identifiers>
        <balance>1707993</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.3534"/>
        <valUSD>79367282.23</valUSD>
        <pctVal>0.02499</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Michelin (CGDE)</name>
        <lei>N/A</lei>
        <title>Michelin (CGDE)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ML FP"/>
          <other otherDesc="BPBPJ01" value="SEDOL"/>
        </identifiers>
        <balance>2202800</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.9204"/>
        <valUSD>67359632.77</valUSD>
        <pctVal>0.021209</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mondi plc</name>
        <lei>N/A</lei>
        <title>Mondi plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="MNP SJ"/>
          <other otherDesc="B1YCDP4" value="SEDOL"/>
        </identifiers>
        <balance>2674087</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.7425"/>
        <valUSD>42370921.7</valUSD>
        <pctVal>0.013341</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Muenchener Rueckversicherungs-Gesellschaft</name>
        <lei>N/A</lei>
        <title>Muenchener Rueckversicherungs-Gesellschaft</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="MUV2 GR"/>
          <other otherDesc="5294121" value="SEDOL"/>
        </identifiers>
        <balance>211930</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.9204"/>
        <valUSD>74258393.09</valUSD>
        <pctVal>0.023381</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Next plc</name>
        <lei>N/A</lei>
        <title>Next plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="NXT LN"/>
          <other otherDesc="3208986" value="SEDOL"/>
        </identifiers>
        <balance>805850</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.8088"/>
        <valUSD>65480294.26</valUSD>
        <pctVal>0.020617</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nomad Foods Limited</name>
        <lei>N/A</lei>
        <title>Nomad Foods Limited</title>
        <cusip>G6564A105</cusip>
        <identifiers>
          <ticker value="NOMD"/>
        </identifiers>
        <balance>882100</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16530554</valUSD>
        <pctVal>0.005205</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Novartis AG</name>
        <lei>N/A</lei>
        <title>Novartis AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="NOVN SW"/>
          <other otherDesc="7103065" value="SEDOL"/>
        </identifiers>
        <balance>778750</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.9136"/>
        <valUSD>71396781.96</valUSD>
        <pctVal>0.02248</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OpenText Corporation</name>
        <lei>N/A</lei>
        <title>OpenText Corporation</title>
        <cusip>683715957</cusip>
        <identifiers>
          <ticker value="OTEX CN"/>
        </identifiers>
        <balance>1838900</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.3534"/>
        <valUSD>70830395.3</valUSD>
        <pctVal>0.022302</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Popular, Inc.</name>
        <lei>N/A</lei>
        <title>Popular, Inc.</title>
        <cusip>733174700</cusip>
        <identifiers>
          <ticker value="BPOP"/>
        </identifiers>
        <balance>906050</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>52016330.5</valUSD>
        <pctVal>0.016378</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Publicis Groupe</name>
        <lei>N/A</lei>
        <title>Publicis Groupe</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="PUB FP"/>
          <other otherDesc="4380429" value="SEDOL"/>
        </identifiers>
        <balance>1082147</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.9204"/>
        <valUSD>84394297.76</valUSD>
        <pctVal>0.026573</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Samsung Electronics Company Limited</name>
        <lei>N/A</lei>
        <title>Samsung Electronics Company Limited</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="005930KS"/>
          <other otherDesc="6771720" value="SEDOL"/>
        </identifiers>
        <balance>1456746</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1301.85"/>
        <valUSD>71614812.77</valUSD>
        <pctVal>0.022549</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shinhan Financial Group Co., Limited</name>
        <lei>N/A</lei>
        <title>Shinhan Financial Group Co., Limited</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="055550KS"/>
          <other otherDesc="6397502" value="SEDOL"/>
        </identifiers>
        <balance>1725400</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1301.85"/>
        <valUSD>46850935.21</valUSD>
        <pctVal>0.014752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SK Hynix, Inc.</name>
        <lei>N/A</lei>
        <title>SK Hynix, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="000660KS"/>
          <other otherDesc="6450267" value="SEDOL"/>
        </identifiers>
        <balance>898700</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1301.85"/>
        <valUSD>61162822.14</valUSD>
        <pctVal>0.019258</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SKF AB-B</name>
        <lei>N/A</lei>
        <title>SKF AB-B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SKFB SS"/>
          <other otherDesc="B1Q3J35" value="SEDOL"/>
        </identifiers>
        <balance>3114000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="10.3696"/>
        <valUSD>61261379.42</valUSD>
        <pctVal>0.019289</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Smurfit Kappa</name>
        <lei>N/A</lei>
        <title>Smurfit Kappa</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SKG ID"/>
          <other otherDesc="B1RR828" value="SEDOL"/>
        </identifiers>
        <balance>1972046</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.9204"/>
        <valUSD>71412747.91</valUSD>
        <pctVal>0.022485</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sony Group Corporation</name>
        <lei>N/A</lei>
        <title>Sony Group Corporation</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="6758 JP"/>
          <other otherDesc="6821506" value="SEDOL"/>
        </identifiers>
        <balance>856400</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="133.09"/>
        <valUSD>77120399.73</valUSD>
        <pctVal>0.024282</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SpareBank 1 SR-Bank ASA</name>
        <lei>N/A</lei>
        <title>SpareBank 1 SR-Bank ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SRBNK NO"/>
          <other otherDesc="B40JTQ3" value="SEDOL"/>
        </identifiers>
        <balance>4762087</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="10.4731"/>
        <valUSD>55018335.26</valUSD>
        <pctVal>0.017323</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sparebanken Vest</name>
        <lei>N/A</lei>
        <title>Sparebanken Vest</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SVEG NO"/>
          <other otherDesc="4780290" value="SEDOL"/>
        </identifiers>
        <balance>2183075</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="10.4731"/>
        <valUSD>19177024.95</valUSD>
        <pctVal>0.006038</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Taylor Wimpey plc</name>
        <lei>N/A</lei>
        <title>Taylor Wimpey plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TW/ LN"/>
          <other otherDesc="0878230" value="SEDOL"/>
        </identifiers>
        <balance>33741122</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.8088"/>
        <valUSD>49622978.02</valUSD>
        <pctVal>0.015624</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TISCO Financial Group</name>
        <lei>N/A</lei>
        <title>TISCO Financial Group</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TISCO/FT"/>
          <other otherDesc="B3KFW76" value="SEDOL"/>
        </identifiers>
        <balance>7722600</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="34.195"/>
        <valUSD>22696923.53</valUSD>
        <pctVal>0.007146</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Toronto-Dominion Bank</name>
        <lei>N/A</lei>
        <title>Toronto-Dominion Bank</title>
        <cusip>891160954</cusip>
        <identifiers>
          <ticker value="TD CN"/>
        </identifiers>
        <balance>1073255</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.3534"/>
        <valUSD>64193876.35</valUSD>
        <pctVal>0.020212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Trevi Finanziaria SpA</name>
        <lei>N/A</lei>
        <title>Trevi Finanziaria SpA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TFIN IM"/>
          <other otherDesc="BMH5TM6" value="SEDOL"/>
        </identifiers>
        <balance>25608324</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.9204"/>
        <valUSD>10990099.93</valUSD>
        <pctVal>0.00346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Trevi-Finanziaria Industriale SpA</name>
        <lei>N/A</lei>
        <title>Trevi-Finanziaria Industriale SpA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="WTFI25"/>
          <other otherDesc="BMDMGQ4" value="SEDOL"/>
        </identifiers>
        <balance>76022</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.9204"/>
        <valUSD>88461.06</valUSD>
        <pctVal>0.000028</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Warrant"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Overseas Bank Limited</name>
        <lei>N/A</lei>
        <title>United Overseas Bank Limited</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="UOB SP"/>
          <other otherDesc="6916781" value="SEDOL"/>
        </identifiers>
        <balance>3081447</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.3296"/>
        <valUSD>68971015.88</valUSD>
        <pctVal>0.021716</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vinci SA</name>
        <lei>N/A</lei>
        <title>Vinci SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="DG FP"/>
          <other otherDesc="B1XH026" value="SEDOL"/>
        </identifiers>
        <balance>684498</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.9204"/>
        <valUSD>78623564.28</valUSD>
        <pctVal>0.024756</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Weichai Power Company Limited</name>
        <lei>N/A</lei>
        <title>Weichai Power Company Limited</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="2338 HK"/>
          <other otherDesc="6743956" value="SEDOL"/>
        </identifiers>
        <balance>58631000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.85"/>
        <valUSD>94108356.69</valUSD>
        <pctVal>0.029631</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yara International ASA</name>
        <lei>N/A</lei>
        <title>Yara International ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="YAR NO"/>
          <other otherDesc="7751259" value="SEDOL"/>
        </identifiers>
        <balance>1412500</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="10.4731"/>
        <valUSD>61217189.75</valUSD>
        <pctVal>0.019275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UMB Money Market Special II</name>
        <lei>N/A</lei>
        <title>UMB Money Market Special II</title>
        <cusip>SF8888628</cusip>
        <identifiers>
          <ticker value="SMMFIDU"/>
        </identifiers>
        <balance>103882462.23</balance>
        <units>OU</units>
        <descOthUnits>Par Value</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>103882462.23</valUSD>
        <pctVal>0.032709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>0</name>
        <lei>N/A</lei>
        <title>0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CAD FWD"/>
        </identifiers>
        <balance>0</balance>
        <units>PA</units>
        <currencyConditional curCd="CAD" exchangeRt="1.3534"/>
        <valUSD>0</valUSD>
        <pctVal>0</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="SPOT CONTRACT"/>
        <issuerConditional desc="FOREIGN CURRENCY" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>0</name>
        <lei>N/A</lei>
        <title>0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="EUR FWD"/>
        </identifiers>
        <balance>-776529.73</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt="0.9204"/>
        <valUSD>-843687.23</valUSD>
        <pctVal>-0.000266</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetConditional assetCat="OTHER" desc="SPOT CONTRACT"/>
        <issuerConditional desc="FOREIGN CURRENCY" issuerCat="OTHER"/>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>0</name>
        <lei>N/A</lei>
        <title>0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="NOK$"/>
        </identifiers>
        <balance>9005184.37</balance>
        <units>PA</units>
        <currencyConditional curCd="NOK" exchangeRt="10.4731"/>
        <valUSD>859839.43</valUSD>
        <pctVal>0.000271</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Foreign Currency"/>
        <issuerConditional desc="FOREIGN CURRENCY" issuerCat="OTHER"/>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>0</name>
        <lei>N/A</lei>
        <title>0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SEK"/>
        </identifiers>
        <balance>18528300</balance>
        <units>PA</units>
        <currencyConditional curCd="SEK" exchangeRt="10.3696"/>
        <valUSD>1786790.23</valUSD>
        <pctVal>0.000563</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Foreign Currency"/>
        <issuerConditional desc="FOREIGN CURRENCY" issuerCat="OTHER"/>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="This amendment is being made solely to correct the fiscal year end, which was filed incorrectly in the original filing." noteItem="A.3.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2023-06-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Pear Tree Funds</ncom:nameOfApplicant>
      <ncom:signature>Diane Hunt</ncom:signature>
      <ncom:signerName>Diane Hunt</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
