X0101 EFFECT 33 LIVE 2018-05-01 11:00:00

N-14

0000722885 Pear Tree Funds 333-223748 0000722885 Pear Tree Funds S000009490 Pear Tree PanAgora Emerging Markets Fund C000025963 Ordinary Shares 0000722885 Pear Tree Funds S000040937 Pear Tree Panagora Risk Parity Emerging Markets Fund C000126971 Ordinary Shares 0000722885 Pear Tree Funds S000009490 Pear Tree PanAgora Emerging Markets Fund C000025964 Institutional Shares 0000722885 Pear Tree Funds S000040937 Pear Tree Panagora Risk Parity Emerging Markets Fund C000127027 Institutional Shares 0000722885 Pear Tree Funds S000009490 Pear Tree PanAgora Emerging Markets Fund C000177796 R6 Shares 0000722885 Pear Tree Funds S000040937 Pear Tree Panagora Risk Parity Emerging Markets Fund C000177801 R6 Shares