Frontier Emerging Markets Portfolio Institutional Class HLFMX - Overview
Investment Objective
The Frontier Emerging Markets Portfolio (the "Portfolio") seeks long-term capital appreciation through investments in equity securities of companies based in frontier and smaller emerging markets.
- Equity universe (frontier and smaller emerging markets)
- Solid business models operating in early stage economies
- Investment process geared to reducing risk through country and company analysis
- Low portfolio turnover
Foreign investments involve additional risks, including greater volatility and political, economic, and currency risks and differences in accounting methods. Emerging markets countries involve greater risks, such as immature economic structures, national policies restricting investments by foreigners, and different legal systems. Such risks may be magnified with respect to securities of issuers in frontier emerging markets. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investment in lower-rated and non-rated securities presents a greater risk of loss of principal and interest than higher-rated securities. Mutual fund investing involves risk. Principal loss is possible.
The Harding Loevner Funds are distributed by Quasar Distributors, LLC.



