Close
I Agree
UCITS Funds

Global Equity Fund

The Global Equity Fund invests in high-quality, growing companies in and outside the United States.

Currency classes offer an operational and reporting convenience for clients by allowing investors to view performance by their local currency and transact in their local currency. Exposures are consistent across all currency classes within the sub-fund. The base currency for the Fund is US Dollar.

.

PERFORMANCE (%)

as of March 31, 2019

 
More
1 Month 1 YR 3 YR 5 YR 10 YR Since
Inception		 Total Expense
Ratio
Class A — US Dollar
Inception: 06/21/2007 		1.46 0.10 12.68 8.93 13.11 6.42 0.83
MSCI All Country World Index — US Dollar 1.25 2.60 10.67 6.45 11.98 4.17 N/A
Class A — Euro
Inception: 06/21/2007 		2.83 9.78 13.19 13.53 15.02 8.10 0.83
MSCI All Country World Index — Euro 2.69 12.38 11.22 10.91 13.88 5.75 N/A
Class A — GBP Sterling
Inception: 03/05/2008 		3.30 7.87 16.41 14.46 14.22 11.43 0.83
MSCI All Country World Index — GBP Sterling 3.36 10.45 14.35 11.83 13.06 9.30 N/A
Class B — US Dollar
Inception: 06/05/2018 		1.36 N/A N/A N/A N/A -3.40 1.08
MSCI All Country World Index — US Dollar 1.25 N/A N/A N/A N/A 0.12 N/A
Class B — GBP Sterling
Inception: 08/15/2018 		3.30 N/A N/A N/A N/A -3.00 1.08
MSCI All Country World Index — GBP Sterling 3.36 N/A N/A N/A N/A -1.61 N/A
Class M — Euro
Inception: 01/31/2018 		2.91 9.94 N/A N/A N/A 5.31 0.78
MSCI All Country World Index — Euro 2.69 12.38 N/A N/A N/A 5.75 N/A
Class M — GBP Sterling
Inception: 11/24/2015 		3.31 7.85 16.45 N/A N/A 15.18 0.78
MSCI All Country World Index — GBP Sterling 3.36 10.45 14.35 N/A N/A 13.71 N/A
Class M — Singapore Dollar
Inception: 09/21/2015 		1.71 3.55 12.94 N/A N/A 10.65 0.78
MSCI All Country World Index — Singapore Dollar 1.50 5.98 10.89 N/A N/A 8.48 N/A
Class D — US Dollar
Inception: 01/04/2018 		1.34 -0.70 N/A N/A N/A -1.13 1.58
MSCI All Country World Index — US Dollar 1.25 2.60 N/A N/A N/A -0.31 N/A
Class S — GBP Sterling
Inception: 10/26/2018 		3.39 N/A N/A N/A N/A 6.60 0.08
MSCI All Country World Index — GBP Sterling 3.36 N/A N/A N/A N/A 6.18 N/A

as of March 31, 2019

 
More
Quarter 1 YR 3 YR 5 YR 10 YR Since
Inception		 Total Expense
Ratio
Class A — US Dollar
Inception: 06/21/2007 		13.79 0.10 12.68 8.93 13.11 6.42 0.83
MSCI All Country World Index — US Dollar 12.17 2.60 10.67 6.45 11.98 4.17 N/A
Class A — Euro
Inception: 06/21/2007 		16.19 9.78 13.19 13.53 15.02 8.10 0.83
MSCI All Country World Index — Euro 14.20 12.38 11.22 10.91 13.88 5.75 N/A
Class A — GBP Sterling
Inception: 03/05/2008 		11.30 7.87 16.41 14.46 14.22 11.43 0.83
MSCI All Country World Index — GBP Sterling 9.64 10.45 14.35 11.83 13.06 9.30 N/A
Class B — US Dollar
Inception: 06/05/2018 		13.65 N/A N/A N/A N/A -3.40 1.08
MSCI All Country World Index — US Dollar 12.17 N/A N/A N/A N/A 0.12 N/A
Class B — GBP Sterling
Inception: 08/15/2018 		11.37 N/A N/A N/A N/A -3.00 1.08
MSCI All Country World Index — GBP Sterling 9.64 N/A N/A N/A N/A -1.61 N/A
Class M — Euro
Inception: 01/31/2018 		16.32 9.94 N/A N/A N/A 5.31 0.78
MSCI All Country World Index — Euro 14.20 12.38 N/A N/A N/A 5.75 N/A
Class M — GBP Sterling
Inception: 11/24/2015 		11.34 7.85 16.45 N/A N/A 15.18 0.78
MSCI All Country World Index — GBP Sterling 9.64 10.45 14.35 N/A N/A 13.71 N/A
Class M — Singapore Dollar
Inception: 09/21/2015 		13.14 3.55 12.94 N/A N/A 10.65 0.78
MSCI All Country World Index — Singapore Dollar 11.47 5.98 10.89 N/A N/A 8.48 N/A
Class D — US Dollar
Inception: 01/04/2018 		13.46 -0.70 N/A N/A N/A -1.13 1.58
MSCI All Country World Index — US Dollar 12.17 2.60 N/A N/A N/A -0.31 N/A
Class S — GBP Sterling
Inception: 10/26/2018 		11.51 N/A N/A N/A N/A 6.60 0.08
MSCI All Country World Index — GBP Sterling 9.64 N/A N/A N/A N/A 6.18 N/A

Returns since inception are total returns for currency classes less than one year old; returns are annualized for periods greater than one year.

Harding Loevner has agreed to cap the Class A total expense ratio at 0.90%.
Harding Loevner has agreed to cap the Class M total expense ratio at 0.80%.
Harding Loevner has agreed to cap the Class B total expense ratio at 1.15%.

Current Pricing

as of April 09, 2019

 
More
NAV Daily
Change		 Change (%) YTD
Return (%)
Class A — US Dollar 2.121 -0.003 -0.141 16.029
Class A — Euro 1.881 -0.002 -0.106 18.005
Class A — GBP Sterling 1.624 N/A N/A 13.250
Class B — US Dollar 0.985 -0.002 -0.203 15.882
Class B — GBP Sterling 0.987 N/A N/A 13.318
Class M — Euro 1.078 -0.001 -0.093 18.072
Class M — GBP Sterling 1.618 N/A N/A 13.305
Class M — Singapore Dollar 1.455 -0.003 -0.206 15.202
Class D — US Dollar 1.006 -0.001 -0.099 15.765
Class S — GBP Sterling 1.085 N/A N/A 13.494
.

Fund Facts

More
Currency Inception
Date		 Minimum
Investment		 Distribution
Policy		 Local Tax
Status		 Bloomberg Reuters SEDOL/CUSIP ISIN
US Dollar
 7/18/2011 US$1,000,000 No Entitlement n/a HARLVUA 68121361 B1WL5L3/
G42927122		 IE00B1WL5L32
Euro
 6/21/2007 US$1,000,000 equivalent No Entitlement n/a HARLVEA 68044908 B1WL5K2 IE00B1WL5K25
GBP Sterling
 3/5/2008 US$1,000,000 equivalent Net Income; Semi-Annual UK Reporting Fund HARLVGA 68044909 B1WL5J1 IE00B1WL5J10
GBP Sterling
 10/26/2018 US$30,000,000 equivalent Net Income; Semi-Annual n/a HARLGSG 68521567 BDQZGJ0 IE00BDQZGJ06
Singapore Dollar
 9/21/2015 US$50,000,000 equivalent No Entitlement n/a HARLGMS 68330463 BZ0CZQ1 IE00BZ0CZQ19
GBP Sterling
 11/24/2015 US$50,000,000 equivalent Net Income; Semi-Annual n/a HARLGMG 68330462 BZ0CZP0 IE00BZ0CZP02
US Dollar
 1/4/2018 US$100 No Entitlement n/a HARLADB 68417967 B8NHL88 IE00B8NHL881
Euro
 1/31/2018 US$50,000,000 equivalent No Entitlement n/a HARLGME 68459454 BFB4845 IE00BFB48459
US Dollar
 6/5/2018 US$100 No Entitlement n/a HARLVUB 68121364 B1WL5P7/
G4R928131		 IE00B1WL5P79
GBP Sterling
 8/15/2018 US$100 equivalent Net Income; Semi-Annual UK Reporting Fund HARLGBG 68330463 BF19CT30 IE00BF19CT30
Ireland/UCITS
DOMICILE & TYPE
2.00% first 90 days
REDEMPTION FEE
Central Bank of Ireland
REGULATOR
US $932.4M
TOTAL FUND ASSETS*
None/Daily
LISTING/DEALING
70
TOTAL # OF HOLDINGS*

*As of March 31, 2019

INVESTMENT DOCUMENTS

.

PORTFOLIO

as of March 31, 2019

 
More
Company Sector Country %
PayPal Info Technology United States 4.3
Roper Industrials United States 3.6
AIA Group Financials Hong Kong 2.9
Alphabet Comm Services United States 2.9
Verisk Industrials United States 2.7
First Republic Bank Financials United States 2.7
Booking Holdings Cons Discretionary United States 2.6
Symrise Materials Germany 2.4
Lonza Health Care Switzerland 2.2
MasterCard Info Technology United States 2.1

10 Largest Holdings: 28.4%

A complete list of holdings for this quarter is available here.

as of March 31, 2019

 
More
Sector Portfolio MSCI All Country World Index
Comm Services 6.6 8.7
Cons Discretionary 13.3 10.8
Cons Staples 4.6 8.4
Energy 2.4 6.3
Financials 14.0 16.6
Health Care 17.5 11.6
Industrials 15.1 10.4
Info Technology 18.2 15.7
Materials 7.1 4.9
Real Estate 0.0 3.3
Utilities 0.0 3.3
Cash 1.2 —

as of March 31, 2019

 
More
Region Portfolio MSCI All Country World Index
Canada 0.0 3.1
Emerging Markets 15.1 11.7
Europe EMU 10.7 9.6
Europe ex-EMU 9.2 9.4
Frontier Markets 0.0 —
Japan 9.8 7.2
Middle East 1.1 0.2
Pacific ex-Japan 2.9 3.8
United States 50.0 55.0
Cash 1.2 —

"Frontier Markets" includes countries with less-developed markets outside the Benchmark.

.

FACTSHEET

PORTFOLIO MANAGERS

Peter Baughan, CFA          Co-Lead
Scott Crawshaw    
Jingyi Li    
Christopher Mack, CFA    
Ferrill Roll, CFA   Co-Lead
Richard Schmidt, CFA    

 

 

Read more about this strategy

Learn how to invest directly

Please click here for Index Definitions.

Fund returns are net of fees. Index returns are net of withholding taxes.

Performance data quoted represents past performance; past performance does not guarantee future results.
 
The information contained herein concerns a sub-fund (the “Fund”) of Harding Loevner Funds plc (the “Company”), an umbrella-type open-ended investment company authorized in Ireland as an undertaking for collective investment in transferable securities (a “UCITS”) pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, as amended.  Harding Loevner LP is the investment manager of the Company.  
 
The investments of the Fund in securities are subject to normal market fluctuations and other risks inherent in investing in securities. The value of investments and the income from them, and therefore the value of and income from Shares relating to each Fund can go down as well as up and an investor may not get back the amount he invests. Changes in exchange rates between currencies or the conversion from one currency to another may also cause the value of the investments to diminish or increase. An investment in a Fund should not constitute a substantial proportion of an investment portfolio and may not be appropriate for all investors.  For further discussion of risk factors, refer to the Risk Factors section of the Company’s prospectus and the applicable Fund’s Supplement to the Prospectus.
 
There can be no assurance that the Fund’s investment objective will be achieved and investment results may vary substantially over time. This document is for information purposes only and does not constitute an offer or invitation to purchase shares in the Fund and has not been prepared in connection with any such offer or invitation. 
 
MSCI Inc. and S&P do not make any express or implied warranties or representations and shall have no liability whatsoever with respect to any GICS data contained herein.

You are using an old version of Internet Explorer. It may not display all features of this website. For the best experience, please update your browser.
NOTICE TO PERSONS IN AUSTRALIA AND NEW ZEALAND

The information on this website is issued by Trust Company (RE Services) Limited (ABN 45 003 278 831; AFSL 235150) as Responsible Entity of, and issuer of units in, the Harding Loevner Emerging Markets Equity Fund ARSN 604 215 296 (“Fund”), and approved by Harding Loevner LP (“Harding Loevner”), as the Investment Manager of the Fund. Harding Loevner is exempt from the requirement to hold an Australian financial services licence under the Corporations Act 2001 (Cth) in respect of the financial services it provides to wholesale clients, and is not licensed to provide financial services to retail clients, in Australia. Harding Loevner is regulated by the Securities and Exchange Commission of the United States of America under US laws, which differ from Australian laws.

The information on this website is provided for general information purposes only, and is not investment advice or research, nor is it to be construed as solicitation of an offer to buy or sell any financial product . Accordingly, reliance should not be placed on this website as the basis for making an investment or other decision. A product disclosure statement (PDS) issued by the Responsible Entity is available for the Fund. You should obtain and consider the PDS, and related materials, and consult your professional advisers before making any investment decision.

Statements of fact on this website have been obtained from and are based upon sources that the Responsible Entity and Harding Loevner believe to be reliable. Neither the Responsible Entity nor Harding Loevner gives any representation or warranty as to the reliability or accuracy of the information contained on this website. All opinions and estimates included on this website constitute judgements of the Responsible Entity and Harding Loevner as at the date of this website and are subject to change without notice.

I am an Australian wholesale client or a New Zealand eligible investor and agree to the terms above and wish to proceed.

Click "Continue" to visit the general pages of the adviser to the Funds, Harding Loevner LP.
Click "Continue" to visit the pages for Harding Loevner Funds, Inc., a family of mutual funds for US investors.

Harding Loevner is not responsible for the content, accuracy, or timeliness and does not make any warranties, expressed or implied, with regard to the information obtained from other websites. These links are provided for your convenience and for navigational purposes only. They should not be considered a recommendation to buy or sell any securities. It should not be assumed that investment in the securities identified has been or will be profitable.

By clicking on the "I Agree" button, you acknowledge that you have read and understood this disclaimer and wish to proceed.

Terms & Conditions

Please confirm that you have read and understand the following terms of use of this website.

You are about to access the pages of Harding Loevner Funds plc, an Irish umbrella type open-ended investment company (the "Company"), which contains information about the Company and its sub-funds (each a "Fund"). These pages are for informational purposes only. It is not investment advice, nor is it intended to be relied on as a forecast or research and does not constitute an offer, recommendation or solicitation to buy or sell shares in any Fund. Access to and the information contained in these pages are restricted to persons who are residents of jurisdictions in which the distribution of the information herein is permitted. Please consult your professional advisers if you have questions about a particular investment or are unsure of the laws and regulations applicable to you.

Investment in any Fund may only be made in accordance with the terms of the relevant offering documents, and subject to the laws and regulations applicable in which the offering documents are distributed. Please further note that not all Funds are available for distribution in all or the same jurisdictions. No information regarding the offering of shares of the Funds is intended for, nor will offers or sales of such shares generally be made to, residents of the United States of America, its territories or possessions. In particular, neither the Funds nor any shares are or will be registered under the U.S. Securities Act of 1933, as amended, the U.S. Investment Company Act of 1940, as amended, or otherwise in the U.S. and may not, except in a transaction which does not violate U.S. securities laws, be directly or indirectly offered or sold in the U.S. or to any U.S. persons.

By clicking on the "I Agree" button below, you acknowledge that you have read and understood this disclaimer and wish to proceed to these pages.