Our mutual funds are managed according to the model portfolios constructed by the Adviser, Harding Loevner LP. Shareholders may benefit from the experience and expertise of the Adviser's senior investment professionals in a convenient vehicle that has a lower minimum investment than a separate account.
Harding Loevner offers five related equity investment strategies. Each strategy is managed according to the same fundamental investment philosophy, utilizing our centralized research platform and a consistent investment process.
Global Equity Portfolio, Advisor Class – HLMGX
This strategy seeks long-term capital appreciation through investments in equity securities of companies based both within and outside the United States. The strategy's investment universe includes both developed and emerging markets.
International Small Companies Portfolio, Investor Class – HLMSX
This strategy seeks long-term capital appreciation through investments in equity securities of small companies based outside the United States. Companies held in the portfolio must have market capitalizations below US $3 billion. The investment universe includes both developed and emerging markets.
Frontier Emerging Markets Portfolio, Investor Class – HLMOX
This strategy seeks long-term capital appreciation through investments in equity securities based in frontier and smaller emerging markets. Due to the greater country-specific risk associated with these markets, the investment process includes a "top-down" country analysis component alongside our established bottom-up research process.
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.