Fund Evaluator:
Pear Tree Polaris Intl Opps R6 (QISRX)
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Best Performing in Foreign Small/Mid Blend Over the Last Year
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Fund Details
Pear Tree Polaris Intl Opps R6 Overview
Pear Tree Polaris Intl Opps R6 (QISRX) is an actively managed International Equity Foreign Small/Mid Blend fund. Pear Tree Funds launched the fund in 2019.
The investment seeks long-term capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in equity securities issued by foreign markets issuers. Its sub-adviser generally seeks to identify more than 30 foreign markets securities that the sub-adviser considers as having the best opportunity for total return.
About Pear Tree Polaris Intl Opps R6 (QISRX)
There are 2 members of the management team with an average tenure of 6.71 years: Bin Xiao (2019), Jason Crawshaw (2019). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI ACWI Ex USA NR USD index with a weighting of 100%. Pear Tree Polaris Intl Opps R6 has 49 securities in its portfolio. The top 10 holdings constitute 45.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Pear Tree Polaris Intl Opps R6 is part of the Equity global asset class and is within the International Equity fund group. Pear Tree Polaris Intl Opps R6 has 97.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.7%. There is 97.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Pear Tree Polaris Intl Opps R6 has 2.8% of the portfolio in cash.
Assets Under Management
The fund has $35 million in total assets, which is below the $540 million average for the Foreign Small/Mid Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
QISRX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Pear Tree Polaris Intl Opps R6 expense ratio is high compared to funds in the Foreign Small/Mid Blend category. Pear Tree Polaris Intl Opps R6 has an expense ratio of 0.96%, which is 16% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Pear Tree Polaris Intl Opps R6 has a portfolio turnover rate of 46%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 63% for the Foreign Small/Mid Blend category.
Recently, in the month of July 2026, Pear Tree Polaris Intl Opps R6 returned -3.4%, which earned it a grade of D, as the Foreign Small/Mid Blend category had an average return of -1.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Pear Tree Polaris Intl Opps R6 has a trailing yield of 1.65%, which is below the 2.74% category average. The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Pear Tree Polaris Intl Opps R6 Grades
Year to date, the fund has returned 16.9%, 7.3 percentage points better than the category, which translates into a grade of A. The fund has returned 21.0% over the past year (grade of B), 10.5% over the past three years (grade of F) and 4.7% per year over the past five years (grade of D).
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QISRX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| QISRX Return (NAV) | -3.4% | 8.7% | 21.0% | 10.5% | 4.7% | na |
| QISRX Grade | D | A | B | F | D | na |
| +/- Category | -2.1% | 8.5% | 3.3% | -3.6% | -1.1% | na |
| Foreign Small/Mid Blend Avg | -1.3% | 0.2% | 17.8% | 14.2% | 5.8% | 8.1% |
| QISRX Tax Cost Ratio | na | na | 0.8% | 0.9% | 1.5% | na |
QISRX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| QISRX Return (NAV) | 16.9% | 18.1% | -5.1% | 16.6% | -19.2% | 13.5% | 13.7% | na | na | na | na |
| QISRX Grade | A | F | F | A | C | A | B | na | na | na | na |
| +/- Category | 7.3% | -11.9% | -7.4% | 1.7% | -0.0% | 1.4% | 3.0% | na | na | na | na |
| Foreign Small/Mid Blend Avg | 9.6% | 30.0% | 2.3% | 15.0% | -19.1% | 12.2% | 10.8% | 22.2% | -19.4% | 33.6% | 2.4% |
| Risk Measures | |
| Standard Deviation: | 15.3% |
| Total Risk Index: | 1.25 - Above Average |
| Category Risk Index: | 1.01 - Above Average |
| Category Risk Grade: | D (71% Rank) |
| Beta: | 1.01 |
| R-Squared: | 83% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 1.7% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $61 Mil |
| Fund Total Assets: | $ 36 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 46% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 6.7 years | |||
| Average Tenure: 6.7 years | |||
| Managers (Year): Xiao Bin (2019), Crawshaw Jason (2019) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 49 |
| % in Top 10 Holdings: | 45.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 97.1% |
Portfolio Allocation |
|
| Domestic Stock: | 0.7% |
| Foreign Stock: | 97.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.7% |
| Cash: | 2.8% |
Purchase Information
| Fund Family: | Pear Tree Funds |
| Phone Number: | 800-326-2151 |
| Website: | www.peartreefunds.com |
| Status: | Open |
| Inception Date: | January 29, 2019 |
| Min. Initial Purchase: | $100,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.96% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.14% |
| Share Class: | Pear Tree Polaris Intl Opps R6 |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
