Frontier Emerging Markets Portfolio Institutional Class HLFMX - Portfolio Managers

- Donald Elefson, CFA (left)
- Co-Lead Portfolio Manager
- University of Washington, BA 1983
- Harding Loevner since 2008
- Pradipta Chakrabortty (center)
- BIRLA Institute of Technology
& Science, BE 1994 - XLRI School of Management,
MBA, 1998 - University of Pennsylvania,
The Wharton School, MBA, 2008 - Harding Loevner since 2008
- Rusty Johnson, CFA (right)
- Co-Lead Portfolio Manager
- Washington & Lee University, BA 1986
- Harding Loevner since 1994
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.



