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            <brokerName>RAYMOND JAMES</brokerName>
            <brokerFileNo>8-10999</brokerFileNo>
            <brokerCrdNo>000000705</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-FL" brokerCountry="US"/>
            <grossCommission>6678</grossCommission>
          </broker>
          <broker>
            <brokerName>OPPENHEIMER</brokerName>
            <brokerFileNo>8-4077</brokerFileNo>
            <brokerCrdNo>000000249</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>3377</grossCommission>
          </broker>
          <broker>
            <brokerName>LIQUIDNET</brokerName>
            <brokerFileNo>8-52461</brokerFileNo>
            <brokerCrdNo>000103987</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1848</grossCommission>
          </broker>
          <broker>
            <brokerName>UMB</brokerName>
            <brokerFileNo>8-42106</brokerFileNo>
            <brokerCrdNo>000025938</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-WI" brokerCountry="US"/>
            <grossCommission>1631</grossCommission>
          </broker>
          <broker>
            <brokerName>JANNEY MONTGOMERY</brokerName>
            <brokerFileNo>8-462</brokerFileNo>
            <brokerCrdNo>000000463</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-PA" brokerCountry="US"/>
            <grossCommission>1482</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>15536</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>Robert W. Baird &amp; Co.</principalName>
            <principalFileNo>8-497</principalFileNo>
            <principalCrdNo>000008158</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-WI" principalCountry="US"/>
            <principalTotalPurchaseSale>17293401</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>COWEN &amp; COMPANY</principalName>
            <principalFileNo>8-22522</principalFileNo>
            <principalCrdNo>000007616</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>13586843</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Stifel, Nicolaus &amp; company, Inc.</principalName>
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            <principalCrdNo>000000793</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-MO" principalCountry="US"/>
            <principalTotalPurchaseSale>13213474</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>LIQUIDNET</principalName>
            <principalFileNo>8-52461</principalFileNo>
            <principalCrdNo>000103987</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>8013478</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>RAYMOND JAMES</principalName>
            <principalFileNo>8-10999</principalFileNo>
            <principalCrdNo>000000705</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-FL" principalCountry="US"/>
            <principalTotalPurchaseSale>7921276</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>PIPER JAFFRAY</principalName>
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            <principalCrdNo>000145876</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-MN" principalCountry="US"/>
            <principalTotalPurchaseSale>7455640</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>STEPHENS INC</principalName>
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            <principalCrdNo>000003496</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>6983097</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>OPPENHEIMER</principalName>
            <principalFileNo>8-4077</principalFileNo>
            <principalCrdNo>000000249</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>4980470</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Luminex</principalName>
            <principalFileNo>8-69476</principalFileNo>
            <principalCrdNo>000171752</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-MA" principalCountry="US"/>
            <principalTotalPurchaseSale>2619870</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>JANNEY MONTGOMERY</principalName>
            <principalFileNo>8-462</principalFileNo>
            <principalCrdNo>000000463</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-PA" principalCountry="US"/>
            <principalTotalPurchaseSale>2598720</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>31499247</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>94512147.79</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Pear Tree Polaris Foreign Value Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000009491</mgmtInvSeriesId>
        <mgmtInvLei>549300LCWV2CSU11V931</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>3</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="Pear Tree Polaris Foreign Value Fund - Ordinary" sharesOutstandingClassId="C000025966" sharesOutstandingTickerSymbol="QFVOX"/>
          <sharesOutstanding sharesOutstandingClassName="Pear Tree Polaris Foreign Value Fund - Institutional" sharesOutstandingClassId="C000025967" sharesOutstandingTickerSymbol="QFVIX"/>
          <sharesOutstanding sharesOutstandingClassName="Pear Tree Polaris Foreign Value Fund - R6" sharesOutstandingClassId="C000177797" sharesOutstandingTickerSymbol="QFVRX"/>
        </sharesOutstandings>
        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Pear Tree Advisors Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-19222</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000104576</investmentAdviserCrdNo>
            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-MA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Polaris Capital Management, LLC</subAdviserName>
            <subAdviserFileNo>801-43216</subAdviserFileNo>
            <subAdviserCrdNo>000106278</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <isSubAdviserAffiliated>N</isSubAdviserAffiliated>
            <subAdviserStateCountry subAdviserState="US-MA" subAdviserCountry="US"/>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Pear Tree Institutional Services</transferAgentName>
            <transferAgentFileNo>84-01801</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>UMB Bank, National Association</pricingServiceName>
            <pricingServiceLei>VNOO6EITDJ2YUEBMSZ83</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-MO" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>UMB Bank, National Association</custodianName>
            <custodianLei>VNOO6EITDJ2YUEBMSZ83</custodianLei>
            <custodianStateCountry custodianState="US-MO" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Pear Tree Institutional Services</shareholderServiceAgentName>
            <shareholderServiceAgentLei>84-01801</shareholderServiceAgentLei>
            <shareholderServiceIdNumberDesc>SEC File No</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Pear Tree Advisors Inc.</adminName>
            <adminLei>801-19222</adminLei>
            <idNumberDesc>SEC File No.</idNumberDesc>
            <adminStateCountry adminState="US-MA" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokerDealers>
          <brokerDealer>
            <brokerDealerName>U.S. Boston Capital Corporation</brokerDealerName>
            <brokerDealerFileNo>8-15885</brokerDealerFileNo>
            <brokerDealerCrdNo>000005251</brokerDealerCrdNo>
            <brokerDealerLei>N/A</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-MA" brokerDealerCountry="US"/>
            <brokerDealerCommission>0</brokerDealerCommission>
          </brokerDealer>
        </brokerDealers>
        <brokers>
          <broker>
            <brokerName>CitiGroup Global Markets</brokerName>
            <brokerFileNo>8-8177</brokerFileNo>
            <brokerCrdNo>000007059</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>106468</grossCommission>
          </broker>
          <broker>
            <brokerName>UBS Securities</brokerName>
            <brokerFileNo>8-22651</brokerFileNo>
            <brokerCrdNo>000007654</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>92521</grossCommission>
          </broker>
          <broker>
            <brokerName>Kepler Capital Markets</brokerName>
            <brokerFileNo>8-67194</brokerFileNo>
            <brokerCrdNo>000139148</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>87780</grossCommission>
          </broker>
          <broker>
            <brokerName>Barclays Capital Inc.</brokerName>
            <brokerFileNo>8-41342</brokerFileNo>
            <brokerCrdNo>000019714</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>80483</grossCommission>
          </broker>
          <broker>
            <brokerName>HSBC SECURITIES</brokerName>
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            <brokerCrdNo>000019585</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>60499</grossCommission>
          </broker>
          <broker>
            <brokerName>Instinet</brokerName>
            <brokerFileNo>8-23669</brokerFileNo>
            <brokerCrdNo>000007897</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>54067</grossCommission>
          </broker>
          <broker>
            <brokerName>SAMSUNG</brokerName>
            <brokerFileNo>8-50272</brokerFileNo>
            <brokerCrdNo>000043432</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>53664</grossCommission>
          </broker>
          <broker>
            <brokerName>Korea Investment &amp; Securities</brokerName>
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            <brokerCrdNo>000104158</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>46067</grossCommission>
          </broker>
          <broker>
            <brokerName>BOFA</brokerName>
            <brokerFileNo>8-69787</brokerFileNo>
            <brokerCrdNo>000283942</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>45620</grossCommission>
          </broker>
          <broker>
            <brokerName>RBC CAPITAL MARKETS</brokerName>
            <brokerFileNo>8-45411</brokerFileNo>
            <brokerCrdNo>000031194</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>44600</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>1590632</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>BROWN BROTHERS</principalName>
            <principalFileNo>8-69731</principalFileNo>
            <principalCrdNo>000282732</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>3067178983</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>MACQUARIE SECUEITIES</principalName>
            <principalFileNo>8-47198</principalFileNo>
            <principalCrdNo>000036368</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>2585919469</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>UMB</principalName>
            <principalFileNo>8-42106</principalFileNo>
            <principalCrdNo>000025938</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-WI" principalCountry="US"/>
            <principalTotalPurchaseSale>1212429487</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>CitiGroup Global Markets</principalName>
            <principalFileNo>8-8177</principalFileNo>
            <principalCrdNo>000007059</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>272463152</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Instinet</principalName>
            <principalFileNo>8-23669</principalFileNo>
            <principalCrdNo>000007897</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>196759919</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>UBS Securities</principalName>
            <principalFileNo>8-22651</principalFileNo>
            <principalCrdNo>000007654</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>191910549</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Kepler Capital Markets</principalName>
            <principalFileNo>8-67194</principalFileNo>
            <principalCrdNo>000139148</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>172284774</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Virtu Americas LLC</principalName>
            <principalFileNo>8-68193</principalFileNo>
            <principalCrdNo>000149823</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>152344347</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>BOFA</principalName>
            <principalFileNo>8-69787</principalFileNo>
            <principalCrdNo>000283942</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>142869082</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Barclays Capital Inc.</principalName>
            <principalFileNo>8-41342</principalFileNo>
            <principalCrdNo>000019714</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>141927894</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>11078782844</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>2816040169</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Pear Tree Polaris Foreign Value Small Cap Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000021993</mgmtInvSeriesId>
        <mgmtInvLei>549300AVE8SR25FLIW19</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>3</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="Pear Tree Polaris Foreign Value Small Cap Fund - Ordinary" sharesOutstandingClassId="C000063163" sharesOutstandingTickerSymbol="QUSOX"/>
          <sharesOutstanding sharesOutstandingClassName="Pear Tree Polaris Foreign Value Small Cap Fund - Institutional" sharesOutstandingClassId="C000063164" sharesOutstandingTickerSymbol="QUSIX"/>
          <sharesOutstanding sharesOutstandingClassName="Pear Tree Polaris Foreign Value Small Cap Fund - R6" sharesOutstandingClassId="C000177800" sharesOutstandingTickerSymbol="QUSRX"/>
        </sharesOutstandings>
        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleType>N/A</relyOnRuleType>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Pear Tree Advisors Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-19222</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000104576</investmentAdviserCrdNo>
            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-MA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Polaris Capital Management, LLC</subAdviserName>
            <subAdviserFileNo>801-43216</subAdviserFileNo>
            <subAdviserCrdNo>000106278</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <isSubAdviserAffiliated>N</isSubAdviserAffiliated>
            <subAdviserStateCountry subAdviserState="US-MA" subAdviserCountry="US"/>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Pear Tree Institutional Services</transferAgentName>
            <transferAgentFileNo>84-01801</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>UMB Bank, National Association</pricingServiceName>
            <pricingServiceLei>VNOO6EITDJ2YUEBMSZ83</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-MO" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>UMB Bank, National Association</custodianName>
            <custodianLei>VNOO6EITDJ2YUEBMSZ83</custodianLei>
            <custodianStateCountry custodianState="US-MO" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Pear Tree Institutional Services</shareholderServiceAgentName>
            <shareholderServiceAgentLei>84-01801</shareholderServiceAgentLei>
            <shareholderServiceIdNumberDesc>SEC File No</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Pear Tree Advisors Inc.</adminName>
            <adminLei>801-19222</adminLei>
            <idNumberDesc>SEC File No.</idNumberDesc>
            <adminStateCountry adminState="US-MA" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokerDealers>
          <brokerDealer>
            <brokerDealerName>U.S. Boston Capital Corporation</brokerDealerName>
            <brokerDealerFileNo>8-15885</brokerDealerFileNo>
            <brokerDealerCrdNo>000005251</brokerDealerCrdNo>
            <brokerDealerLei>N/A</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-MA" brokerDealerCountry="US"/>
            <brokerDealerCommission>0</brokerDealerCommission>
          </brokerDealer>
        </brokerDealers>
        <brokers>
          <broker>
            <brokerName>SAMSUNG</brokerName>
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            <brokerCrdNo>000043432</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>53066</grossCommission>
          </broker>
          <broker>
            <brokerName>HSBC SECURITIES</brokerName>
            <brokerFileNo>8-41562</brokerFileNo>
            <brokerCrdNo>000019585</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>38219</grossCommission>
          </broker>
          <broker>
            <brokerName>Auerbach Grayson</brokerName>
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            <brokerCrdNo>000030761</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>29458</grossCommission>
          </broker>
          <broker>
            <brokerName>CIC Market Solutions</brokerName>
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            <brokerCrdNo>000047069</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>28706</grossCommission>
          </broker>
          <broker>
            <brokerName>ODDO BHF New York Corporation</brokerName>
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            <brokerCrdNo>000045104</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>23384</grossCommission>
          </broker>
          <broker>
            <brokerName>WEDBUSH SECURITIES</brokerName>
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            <brokerCrdNo>000000877</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-CA" brokerCountry="US"/>
            <grossCommission>20841</grossCommission>
          </broker>
          <broker>
            <brokerName>MACQUARIE SECUEITIES</brokerName>
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            <brokerCrdNo>000036368</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>18303</grossCommission>
          </broker>
          <broker>
            <brokerName>DNB Markets</brokerName>
            <brokerFileNo>8-66024</brokerFileNo>
            <brokerCrdNo>000127605</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>14871</grossCommission>
          </broker>
          <broker>
            <brokerName>JEFFERIES &amp; CO., INC</brokerName>
            <brokerFileNo>8-15074</brokerFileNo>
            <brokerCrdNo>000002347</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>12591</grossCommission>
          </broker>
          <broker>
            <brokerName>BERENBERG CAPITAL MARKETS LLC</brokerName>
            <brokerFileNo>8-68821</brokerFileNo>
            <brokerCrdNo>000156757</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>11498</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>378488</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>BROWN BROTHERS</principalName>
            <principalFileNo>8-69731</principalFileNo>
            <principalCrdNo>000282732</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>454165315</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>SAMSUNG</principalName>
            <principalFileNo>8-50272</principalFileNo>
            <principalCrdNo>000043432</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>99353235</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>HSBC SECURITIES</principalName>
            <principalFileNo>8-41562</principalFileNo>
            <principalCrdNo>000019585</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>70181551</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>JEFFERIES &amp; CO., INC</principalName>
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            <principalCrdNo>000002347</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>58841920</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Auerbach Grayson</principalName>
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            <principalCrdNo>000030761</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>56594679</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>CIC Market Solutions</principalName>
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            <principalCrdNo>000047069</principalCrdNo>
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            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>56501470</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>ODDO NEW YORK CORPOR</principalName>
            <principalFileNo>8-50975</principalFileNo>
            <principalCrdNo>000045104</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>46928485</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>LIQUIDNET</principalName>
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            <principalCrdNo>000103987</principalCrdNo>
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            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>45594903</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>LIBERUM CAPITAL INC</principalName>
            <principalFileNo>8-67976</principalFileNo>
            <principalCrdNo>000148135</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>36400674</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>WEDBUSH SECURITIES</principalName>
            <principalFileNo>8-12987</principalFileNo>
            <principalCrdNo>000000877</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-CA" principalCountry="US"/>
            <principalTotalPurchaseSale>35885733</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>1348558884</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>959616512.2</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Pear Tree Polaris International Opportunities Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000064782</mgmtInvSeriesId>
        <mgmtInvLei>549300IESHKEPMUBBX72</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>3</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="Pear Tree Polaris International Opportunities Fund - Ordinary" sharesOutstandingClassId="C000209789" sharesOutstandingTickerSymbol="QISOX"/>
          <sharesOutstanding sharesOutstandingClassName="Pear Tree Polaris International Opportunities Fund - Institutional" sharesOutstandingClassId="C000209788" sharesOutstandingTickerSymbol="QISIX"/>
          <sharesOutstanding sharesOutstandingClassName="Pear Tree Polaris International Opportunities Fund - R6" sharesOutstandingClassId="C000209787" sharesOutstandingTickerSymbol="QISRX"/>
        </sharesOutstandings>
        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleType>N/A</relyOnRuleType>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Pear Tree Advisors Inc.</investmentAdviserName>
            <investmentAdviserFileNo>801-19222</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000104576</investmentAdviserCrdNo>
            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-MA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Polaris Capital Management, LLC</subAdviserName>
            <subAdviserFileNo>801-43216</subAdviserFileNo>
            <subAdviserCrdNo>000106278</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <isSubAdviserAffiliated>N</isSubAdviserAffiliated>
            <subAdviserStateCountry subAdviserState="US-MA" subAdviserCountry="US"/>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Pear Tree Institutional Services</transferAgentName>
            <transferAgentFileNo>84-01801</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>UMB Bank, National Association</pricingServiceName>
            <pricingServiceLei>VNOO6EITDJ2YUEBMSZ83</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-MO" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>UMB Bank, National Association</custodianName>
            <custodianLei>VNOO6EITDJ2YUEBMSZ83</custodianLei>
            <custodianStateCountry custodianState="US-MO" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Pear Tree Institutional Services</shareholderServiceAgentName>
            <shareholderServiceAgentLei>84-01801</shareholderServiceAgentLei>
            <shareholderServiceIdNumberDesc>SEC File No</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Pear Tree Advisors Inc.</adminName>
            <adminLei>801-19222</adminLei>
            <idNumberDesc>SEC File No.</idNumberDesc>
            <adminStateCountry adminState="US-MA" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokerDealers>
          <brokerDealer>
            <brokerDealerName>U.S. Boston Capital Corporation</brokerDealerName>
            <brokerDealerFileNo>8-15885</brokerDealerFileNo>
            <brokerDealerCrdNo>000005251</brokerDealerCrdNo>
            <brokerDealerLei>N/A</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-MA" brokerDealerCountry="US"/>
            <brokerDealerCommission>0</brokerDealerCommission>
          </brokerDealer>
        </brokerDealers>
        <brokers>
          <broker>
            <brokerName>JP MORGAN</brokerName>
            <brokerFileNo>8-35008</brokerFileNo>
            <brokerCrdNo>000000079</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>6629</grossCommission>
          </broker>
          <broker>
            <brokerName>MACQUARIE SECUEITIES</brokerName>
            <brokerFileNo>8-47198</brokerFileNo>
            <brokerCrdNo>000036368</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>5971</grossCommission>
          </broker>
          <broker>
            <brokerName>Auerbach Grayson</brokerName>
            <brokerFileNo>8-45136</brokerFileNo>
            <brokerCrdNo>000030761</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>4651</grossCommission>
          </broker>
          <broker>
            <brokerName>LIQUIDNET</brokerName>
            <brokerFileNo>8-52461</brokerFileNo>
            <brokerCrdNo>000103987</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>3349</grossCommission>
          </broker>
          <broker>
            <brokerName>DNB Markets</brokerName>
            <brokerFileNo>8-66024</brokerFileNo>
            <brokerCrdNo>000127605</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>3303</grossCommission>
          </broker>
          <broker>
            <brokerName>HSBC SECURITIES</brokerName>
            <brokerFileNo>8-41562</brokerFileNo>
            <brokerCrdNo>000019585</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>2803</grossCommission>
          </broker>
          <broker>
            <brokerName>GOLDMAN SACHS &amp; CO.</brokerName>
            <brokerFileNo>8-129</brokerFileNo>
            <brokerCrdNo>000000361</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>2648</grossCommission>
          </broker>
          <broker>
            <brokerName>Barclays Capital Inc.</brokerName>
            <brokerFileNo>8-41342</brokerFileNo>
            <brokerCrdNo>000019714</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>2558</grossCommission>
          </broker>
          <broker>
            <brokerName>BERENBERG CAPITAL MARKETS LLC</brokerName>
            <brokerFileNo>8-68821</brokerFileNo>
            <brokerCrdNo>000156757</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>2529</grossCommission>
          </broker>
          <broker>
            <brokerName>BOFA</brokerName>
            <brokerFileNo>8-69787</brokerFileNo>
            <brokerCrdNo>000283942</brokerCrdNo>
            <brokerLei>N/A</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>2386</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>56325</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>UMB</principalName>
            <principalFileNo>8-42106</principalFileNo>
            <principalCrdNo>000025938</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-WI" principalCountry="US"/>
            <principalTotalPurchaseSale>57591357</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>JP MORGAN</principalName>
            <principalFileNo>8-35008</principalFileNo>
            <principalCrdNo>000000079</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>20489519</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>LIQUIDNET</principalName>
            <principalFileNo>8-52461</principalFileNo>
            <principalCrdNo>000103987</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>17652691</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>MACQUARIE SECUEITIES</principalName>
            <principalFileNo>8-47198</principalFileNo>
            <principalCrdNo>000036368</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>12008379</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Auerbach Grayson</principalName>
            <principalFileNo>8-45136</principalFileNo>
            <principalCrdNo>000030761</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>9527113</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>BROWN BROTHERS</principalName>
            <principalFileNo>8-69731</principalFileNo>
            <principalCrdNo>000282732</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>8717063</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>BOFA</principalName>
            <principalFileNo>8-69787</principalFileNo>
            <principalCrdNo>000283942</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>6723955</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Barclays Capital Inc.</principalName>
            <principalFileNo>8-41342</principalFileNo>
            <principalCrdNo>000019714</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>6451285</principalTotalPurchaseSale>
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