It has been our long-standing belief that high-quality businesses will weather difficult or shifting economic environments better than most. This, in part, is due to their operational resilience that allows us to hold on to our investments in their shares during periods of stock market turmoil.
In our semi-annual letter to shareholders, we examine the conundrum of the high-quality return premium, and its possible explanation based in behavioral finance. And we emphasize our dedication to our rigorous investment process in considering companies fueling the recent artificial intelligence boom.
Our long experience may not be a guarantee of skill or prescience. But it does afford us perspective on the ways technological advances affect a wide variety of industries, and the companies operating within them globally. We’re optimistic that our thoughtful and evolving process to analyze those businesses, will, with dedicated effort, yield good long-term investment results.
Investments involve risk and loss is possible.
The Portfolio’s investment objectives, risks, charges and expenses must be read and considered carefully before investing. The statutory and summary prospectuses contain this and other important information about the investment company. They may be obtained by calling toll free (877) 435-8105, or visiting hardingloevnerfunds.com.
The Portfolio is distributed by Quasar Distributors, LLC.