Performance for periods ending June 30, 2014

total returns % avg. Annualized returns %
  quarter 1 year 3 years 5 years 10 years since inception gross expense ratio
Global EquityInception: 11/03/09 5.43 22.67 9.73 N.A. N.A. 11.50 0.96
International EquityInception: 05/11/94 4.75 19.12 6.70 13.82 9.29 6.51 0.87
International Small CompaniesInception: 06/30/11 2.96 25.94 10.00 N.A. N.A. 10.00 1.68
Emerging Markets Inception: 10/17/05 6.51 19.28 4.96 11.99 N.A. 9.25 1.32
Emerging Markets Inception: 03/05/14 6.58 N.A. N.A. N.A. N.A. 10.10 1.32
Frontier Emerging MarketsInception: 05/27/08 7.61 24.67 10.33 13.19 N.A. 0.23 1.80
total returns % avg. Annualized returns %
  quarter 1 year 3 years 5 years 10 years since inception gross expense ratio
Global EquityInception: 12/01/96 5.40 22.36 9.44 13.94 8.94 6.89 1.22
International EquityInception: 09/30/05 4.71 18.76 6.33 13.46 N.A. 7.10 1.20
International Small CompaniesInception: 03/26/07 2.96 25.79 9.74 18.04 N.A. 7.35 1.99
Emerging MarketsInception: 11/09/98 6.64 19.12 4.83 11.89 12.91 13.70 1.46
Frontier Emerging MarketsInception: 12/31/10 7.56 24.25 9.96 N.A. N.A. 6.67 2.64

Performance data quoted represents past performance; past performance is not a guarantee of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Portfolio may be lower or higher than the performance quoted. The Portfolio imposes a 2% redemption fee on shares held 90 days or less. Performance data does not reflect the redemption fee. If reflected, total returns would be reduced.

Investment performance reflects fee waivers and in the absence of these waivers investment performance would be reduced. Fee waivers are not reflected for the Institutional Class of the International Equity and Frontier Emerging Markets Portfolios, the Advisor Class of the Emerging Markets Portfolio and Global Equity Portfolios, or the Investor Class of the International Equity and International Small Companies Portfolios.

Mutual fund investing involves risk. Principal loss is possible. Investments in foreign securities involve greater volatility and political, economic, and currency risks and differences in accounting methods. Investments in emerging markets countries involve greater risks such as immature economic structures, national policies restricting investments by foreigners, and different legal systems which may cause larger price changes than with other foreign securities. Such risks may be magnified for securities in frontier emerging markets. The portfolio can have significant concentration in a single industry, such as the banking industry, making it vulnerable to factors affecting the industry. When interest rates rise investments in debt securities and longer-term debt securities typically decrease in value, Investments in lower rated and non-rated securities present a greater risk of loss to principal and interest than higher-rated securities. Investments in smaller companies involve additional risks such as limited liquidity and greater volatility.

The content of this web site is intended for information purposes only. No portion of the content should be considered a solicitation to buy or an offer to sell shares of Harding, Loevner Funds, Inc. in any jurisdiction where the solicitation or offer would be deemed unlawful under the securities laws of such jurisdiction.

The Portfolio's investment objectives, risks, charges and expenses must be read and considered carefully before investing. The Prospectus contains this and other important information about the investment company. It may be obtained through this website by clicking here, or a free hard-copy version is available by calling (toll free) (877) 435-8105. Read the prospectus carefully before investing.

Pricing as of 08/20/14

Global Equity HLMVX
NAV 32.78
Daily Change 0.06%
YTD Return 6.22%
International Equity HLMIX
NAV 18.88
Daily Change -0.21%
YTD Return 4.71%
International Small Companies HLMRX
NAV 14.68
Daily Change -0.20%
YTD Return 4.86%
Emerging Markets class I - HLMEX
NAV 19.51
Daily Change -0.20%
YTD Return 9.24%
Emerging Markets class II - HLEEX
NAV 11.22
Daily Change -0.18%
YTD Return 12.20%
Frontier Emerging Markets HLFMX
NAV 9.89
Daily Change -0.10%
YTD Return 16.08%
Global Equity HLMGX
NAV 32.73
Daily Change 0.06%
YTD Return 6.06%
International Equity HLMNX
NAV 18.82
Daily Change -0.21%
YTD Return 4.56%
International Small Companies HLMSX
NAV 14.64
Daily Change -0.14%
YTD Return 4.72%
Emerging Markets HLEMX
NAV 53.35
Daily Change -0.21%
YTD Return 9.39%
Frontier Emerging Markets HLMOX
NAV 9.80
Daily Change -0.20%
YTD Return 15.70%