Mutual Funds Institutional



Frontier Emerging Markets Portfolio Institutional Class HLFMX - Portfolio Managers

Frontier Emerging Markets 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.