Global Equity Portfolio HLMGX - Performance
Monthly Portfolio Performance (%) For Periods Ending February 28, 2010
| Ticker: HLMGX | NAV (2/28/2010): $21.11 | Net Expense Ratio: 1.25%1 | Minimum Investment: $5,000 |
| Gross Expense Ratio: 1.43% | |||
| Annualized Returns | |||||
| 1 Month | 1 Year | 3 Years | 5 Years | 10 Years | |
|---|---|---|---|---|---|
| Global Equity Portfolio | 1.93 | 60.12 | -0.57 | 5.85 | 2.72 |
| MSCI All Country World Index2,3 | 1.27 | 58.11 | -5.72 | 2.19 | 0.66 |
| Lipper Global Fund Index3 | 1.39 | 51.06 | -5.24 | 2.44 | 0.57 |
Quarterly Portfolio Performance (%) For Periods Ending December 31, 2009
| NAV (12/31/2009): $21.38 |
| Annualized Returns | |||||
| 3 Months | 1 Year | 3 Years | 5 Years | 10 Years | |
|---|---|---|---|---|---|
| Global Equity Portfolio | 4.45 | 40.11 | 0.21 | 6.70 | 3.03 |
| MSCI All Country World Index2,3 | 4.63 | 34.63 | -4.58 | 3.09 | 0.46 |
| Lipper Global Fund Index3 | 4.45 | 31.07 | -4.28 | 3.20 | 1.02 |
1Harding Loevner has voluntarily agreed to cap the total annual fund operating expenses at 1.25% (on an annualized basis) of the average daily net assets of the Portfolio for an indefinite period.; 2Benchmark Index; 3The indices are net of foreign withholding taxes on dividends, interest income and capital gains.
Performance data quoted represents past performance; past performance does not guarantee 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.
The Portfolio invests in foreign securities, which will involve greater volatility and political, economic, and currency risks and differences in accounting methods. It also invests in emerging markets, which involve unique risks, such as exposure to economies less diverse and mature than the U.S. or other more established foreign markets. Economic and political instability may cause larger price changes in emerging markets securities than other foreign securities. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investment by the Portfolio in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities.
The MSCI All Country World Index is a free float-adjusted market capitalization index that is designed to measure equity market performance in the global developed and emerging markets. The Index consists of 45 developed and emerging market countries. Net dividends reinvested. You cannot invest directly in this Index.
The Lipper Global Fund Index, an unmanaged index published by Lipper Analytical Services, Inc., includes 30 funds that are generally similar to the Fund, although some funds in the index may have somewhat different investment policies or objectives. This index invests at least 25% of its total assets in securities traded outside the US and may own US securities. You cannot invest directly in this Index.
The Harding Loevner Funds are distributed by Quasar Distributors, LLC.