Notice2026-11389
Pear Tree Funds and Pear Tree Advisors, Inc.
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
June 8, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 109 (Monday, June 8, 2026)</title>
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[Federal Register Volume 91, Number 109 (Monday, June 8, 2026)]
[Notices]
[Page 34684]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[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 <a href="/cdn-cgi/l/email-protection#194a7c7a6b7c6d786b606a34567f7f707a7c596a7c7a377e766f"><span class="__cf_email__" data-cfemail="4c1f292f3e29382d3e353f61032a2a252f290c3f292f622b233a">[email protected]</span></a> 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
<a href="/cdn-cgi/l/email-protection#0251676170677663707b712f4d64646b6167427167612c656d74"><span class="__cf_email__" data-cfemail="e1b2848293849580939892ccae8787888284a1928482cf868e97">[email protected]</span></a>.
ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#88dbedebfaedfce9faf1fba5c7eeeee1ebedc8fbedeba6efe7fe"><span class="__cf_email__" data-cfemail="cc9fa9afbea9b8adbeb5bfe183aaaaa5afa98cbfa9afe2aba3ba">[email protected]</span></a>. Applicants: Marc
Griffin, Pear Tree Advisors, Inc., 55 Old Bedford Road, Lincoln,
Massachusetts 01773; John Hunt, Esq., Sullivan & Worcester LLP,
<a href="/cdn-cgi/l/email-protection#22484a574c566251574e4e4b54434c0c414d4f"><span class="__cf_email__" data-cfemail="553f3d203b2115262039393c23343b7b363a38">[email protected]</span></a>.
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
<a href="https://www.sec.gov/search-filings">https://www.sec.gov/search-filings</a>. 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
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