Pear Tree Polaris Foreign Value Small Cap
Morningstar category: Foreign small/mid value
Sharpe ratio: 1.27
Expense ratio: 1.08%
12-month return: 24.43%
5 years (annualized): 13.81%
While expensive – especially for an institutional fund – Polaris looks for unloved small-cap international stocks with reasonable capital allocations. It equal weights its holdings. Right now, it’s got about 20% of its portfolio in emerging markets.