Pear Tree Polaris Foreign Value Fund

The Pear Tree Polaris Foreign Value Fund typically allocates a minimum of 80% of its total net assets – including any funds borrowed for investment purposes – to equity securities issued by companies considered foreign market issuers. A foreign market issuer is defined as an entity, operating in any industry, that generates at least 50% of its gross revenues or profits from goods or services produced or sold in non-U.S. markets. Furthermore, this fund employs a non-diversified investment strategy.