Pear Tree Funds and Pear Tree Advisors, Inc.

[Federal Register Volume 91, Number 109 (Monday, June 8, 2026)]

[Notices]

[Page 34684]

From the Federal Register Online via the Government Publishing Office [ www.gpo.gov ]

[FR Doc No: 2026-11389]

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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 36203; 812-15884]

Pear Tree Funds and Pear Tree Advisors, Inc.

June 3, 2026.

AGENCY: Securities and Exchange Commission (``Commission'' or

``SEC'').

ACTION: Notice of an application under section 6(c) of the Investment

Company Act of 1940 (``Act'') for an exemption from sections 2(a)(32),

5(a)(1), 18(f)(1), 18(i), 22(d) and 22(e) of the Act and rule 22c-1

under the Act and under sections 6(c) and 17(b) of the Act for an

exemption from sections 17(a)(1) and 17(a)(2) of the Act.

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Summary of Application: Applicants request an order (``Order'') that

would permit a registered open-end management investment company to

offer one class of exchange-traded shares that operates as an exchange-

traded fund (an ``ETF Class,'' and such shares, ``ETF Shares'') and one

or more classes of shares that are not exchange-traded (each such

class, a ``Mutual Fund Class,'' and such shares, ``Mutual Fund

Shares,'' and each such fund, a ``Multi-Class ETF Fund''). The Order

would provide Multi-Class ETF Funds with two broad categories of

relief: (i) the relief necessary to permit standard exchange-traded

fund (``ETF'') operations consistent with Rule 6c-11 under the Act

(``ETF Operational Relief'') and (ii) the relief necessary for a fund

to offer an ETF Class and one or more Mutual Fund Classes (``ETF Class

Relief'').

Applicants: Pear Tree Funds and Pear Tree Advisors, Inc.

Filing Dates: The application was filed on August 28, 2025, and amended

on April 20, 2026, April 29, 2026, and May 6, 2026.

Hearing or Notification of Hearing: An order granting the requested

relief will be issued unless the Commission orders a hearing.

Interested persons may request a hearing on any application by emailing

the SEC's Secretary at [email protected] and serving the

Applicants with a copy of the request by email, if an email address is

listed for the relevant Applicant below, or personally or by mail, if a

physical address is listed for the relevant Applicant below. The email

should include the file number referenced above. Hearing requests

should be received by the Commission by 5:30 p.m., Eastern time, on

June 29, 2026, and should be accompanied by proof of service on the

Applicants, in the form of an affidavit or, for lawyers, a certificate

of service. Pursuant to rule 0-5 under the Act, hearing requests should

state the nature of the writer's interest, any facts bearing upon the

desirability of a hearing on the matter, the reason for the request,

and the issues contested. Persons who wish to be notified of a hearing

may request notification by emailing the Commission's Secretary at

[email protected] .

ADDRESSES: The Commission: [email protected] . Applicants: Marc

Griffin, Pear Tree Advisors, Inc., 55 Old Bedford Road, Lincoln,

Massachusetts 01773; John Hunt, Esq., Sullivan & Worcester LLP,

[email protected] .

FOR FURTHER INFORMATION CONTACT: Asaf Barouk, Senior Counsel, or Trace

W. Rakestraw, Senior Special Counsel, at (202) 551-6825 (Division of

Investment Management, Chief Counsel's Office).

SUPPLEMENTARY INFORMATION: For Applicants' representations, legal

analysis, and conditions, please refer to Applicants' amended

application, filed May 6, 2026, which may be obtained via the

Commission's website by searching for the file number at the top of

this document, or for an Applicant using the Company name search field,

on the SEC's EDGAR system. The SEC's EDGAR system may be searched at

https://www.sec.gov/search-filings . You may also call the SEC's Office

of Investor Education and Assistance at (202) 551-8090.

For the Commission, by the Division of Investment Management,

under delegated authority.

Sherry R. Haywood,

Assistant Secretary.

[FR Doc. 2026-11389 Filed 6-5-26; 8:45 am]

BILLING CODE 8011-01-P