International Equity Portfolio Institutional Class HLMIX - Dividends

Declared Date	Ex-Date	Record Date	Payable Date	INCOME	SHORT-TERM CAP GAINS	LONG-TERM CAP GAINS
12/1/2009	12/17/2009	12/16/2009	12/18/2009	0.10210	-	-
12/1/2008	12/17/2008	12/16/2008	12/18/2008	0.19000	-	2.20000
12/1/2007	12/13/2007	12/12/2007	12/14/2007	0.15100	0.33000	1.35750
12/1/2006	12/14/2006	12/13/2006	12/15/2006	0.09600	0.11030	1.22480
12/1/2005	12/28/2005	12/27/2005	12/29/2005	0.07670	-	0.01280
12/1/2004	12/27/2004	12/23/2004	12/28/2004	0.05730	-	-
12/1/2003	12/28/2003	12/27/2003	12/29/2003	0.06972	-	-
12/2/2002	12/26/2001	12/24/2001	12/27/2001	0.04367	-	-
12/1/2001	12/28/2001	12/27/2001	12/29/2001	0.03380	-	-
12/1/2000	12/28/2000	12/27/2000	12/29/2000	-	-	1.14880
12/1/1999	12/28/1999	12/27/1999	12/29/1999	0.22850	0.50120	-
12/1/1998	12/31/1998	12/30/1998	01/4/1999	0.18160	0.01210	-
12/1/1997	12/31/1997	12/30/1997	12/31/1997	0.10610	0.06910	-
12/2/1996	12/31/1996	12/27/1996	12/31/1996	0.00250	-	-
10/1/1996	10/30/1996	10/29/1996	10/30/1996	0.08950	0.10500	-
8/1/1996	8/16/1996	8/15/1996	8/27/1996	0.02189	-	-

Past performance does not guarantee future results.

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 Harding Loevner Funds are distributed by Quasar Distributors, LLC.