US Mutual Funds

Global Equity Portfolio

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


The Institutional Class requires a higher minimum investment than the Advisor Class, and has a lower expense ratio.

The Institutional Class Z requires the highest minimum investment of the three mutual fund options, and has the lowest expense ratio.

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PERFORMANCE (%)

Institutional Class — HLMVX

as of April 30, 2017

 
More
1 Month 1 YR 3 YR 5 YR 10 YR Since
Inception
Global Equity
Inception: 11/03/2009
2.99 17.87 8.52 9.51 N/A 9.80
MSCI All Country World Index 1.56 15.13 5.29 8.97 N/A 8.80

Institutional Class — HLMVX

as of March 31, 2017

 
More
Quarter 1 YR 3 YR 5 YR 10 YR Since
Inception
Global Equity
Inception: 11/03/2009
9.57 16.13 7.50 8.70 N/A 9.48
MSCI All Country World Index 6.91 15.04 5.08 8.38 N/A 8.68

Current Pricing

Institutional Class — HLMVX

as of May 26, 2017

 
More
NAV Daily
Change
Change (%) YTD
Return (%)
Global Equity 37.72 -0.01 -0.03 17.54

Returns are annualized for periods greater than one year.

Performance data quoted represents past performance; past performance is not a guarantee of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Portfolio may be lower or higher than the performance quoted. The Portfolio imposes a 2% redemption fee on shares held 90 days or less. Performance data does not reflect the redemption fee. If reflected, total returns would be reduced.

Investment performance reflects fee waivers and in the absence of these waivers investment performance would be reduced.

  

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Fund Facts

Institutional Class - HLMVX

as of March 31, 2017


HLMVX
TICKER
11/3/2009
INCEPTION DATE
$942.1M
TOTAL FUND ASSETS
$100,000
MINIMUM INVESTMENT
0.92%
EXPENSE RATIO
412295602
CUSIP
71
TOTAL # OF HOLDINGS
2.00% first 90 days
REDEMPTION FEE
29%
TURNOVER (5 YR. AVG)
Annual
DIVIDEND POLICY
None
SALES CHARGE
.

PORTFOLIO

as of March 31, 2017

 
More
Company Sector Country %
Alphabet Info Technology United States 3.8
Nike Cons Discretionary United States 3.0
Priceline Cons Discretionary United States 2.8
Schlumberger Energy United States 2.8
Roper Industrials United States 2.7
SVB Financial Group Financials United States 2.4
M3 Health Care Japan 2.4
AIA Group Financials Hong Kong 2.3
PayPal Info Technology United States 2.2
F5 Networks Info Technology United States 2.1

10 Largest Holdings: 26.5%

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

as of March 31, 2017

 
More
Sector Portfolio MSCI All Country World Index
Cons Discretionary 12.1 12.2
Cons Staples 7.2 9.5
Energy 5.0 6.6
Financials 16.1 18.4
Health Care 15.2 11.1
Industrials 14.4 10.7
Info Technology 22.0 16.4
Materials 7.3 5.3
Real Estate 0.0 3.2
Telecom Services 0.0 3.4
Utilities 0.0 3.2
Cash 0.7

as of March 31, 2017

 
More
Region Portfolio MSCI All Country World Index
Canada 0.0 3.2
Emerging Markets 12.9 11.0
Europe EMU 13.0 10.3
Europe ex-EMU 11.7 10.4
Frontier Markets 0.0
Japan 10.6 7.6
Middle East 1.1 0.2
Pacific ex-Japan 2.3 4.1
United States 47.7 53.2
Cash 0.7

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

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FACTSHEETS

  

PORTFOLIO MANAGERS

Peter Baughan, CFA          Co-Lead
Christopher Mack, CFA    
Ferrill Roll, CFA   Co-Lead
Richard Schmidt, CFA    

 

 

INVESTMENT DOCUMENTS

Institutional Class - HLMVX
.

Distributions

Institutional Class - HLMVX

More
declared date ex-date record
date
payment
date
income short-term
cap gains
long-term
cap gains
12/1/2016 12/16/2016 12/15/2016 12/19/2016 0.13133 - 0.38826
12/1/2015 12/18/2015 12/17/2015 12/21/2015 0.11963 - 0.83645
12/1/2014 12/19/2014 12/18/2014 12/22/2014 0.11664 - 1.23120
12/2/2013 12/20/2013 12/19/2013 12/23/2013 0.13409 0.00233 0.12470
12/3/2012 12/20/2012 12/19/2012 12/21/2012 0.11700 - -
12/1/2011 12/19/2011 12/16/2011 12/20/2011 0.09783 - 0.21990
12/1/2010 12/16/2010 12/15/2010 12/17/2010 0.06120 - 0.16140

The Institutional Class requires a higher minimum investment than the Advisor Class, and has a lower expense ratio.

The Institutional Class Z requires the highest minimum investment of the three mutual fund options, and has the lowest expense ratio.

.

Fund Facts

Institutional Class Z - HLGZX

as of March 31, 2017


HLGZX
TICKER
$942.1M
TOTAL FUND ASSETS
$10,000,000
MINIMUM INVESTMENT
0.90%*
NET EXPENSE RATIO
1.53%
GROSS EXPENSE RATIO
412295768
CUSIP
71
TOTAL # OF HOLDINGS
2.00% first 90 days
REDEMPTION FEE
29%
TURNOVER (5 YR. AVG)
Annual
DIVIDEND POLICY
None
SALES CHARGE

*Shown net of Harding Loevner's contractual agreement through February 28, 2018.

.

PORTFOLIO

as of March 31, 2017

 
More
Company Sector Country %
Alphabet Info Technology United States 3.8
Nike Cons Discretionary United States 3.0
Priceline Cons Discretionary United States 2.8
Schlumberger Energy United States 2.8
Roper Industrials United States 2.7
SVB Financial Group Financials United States 2.4
M3 Health Care Japan 2.4
AIA Group Financials Hong Kong 2.3
PayPal Info Technology United States 2.2
F5 Networks Info Technology United States 2.1

10 Largest Holdings: 26.5%

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

as of March 31, 2017

 
More
Sector Portfolio MSCI All Country World Index
Cons Discretionary 12.1 12.2
Cons Staples 7.2 9.5
Energy 5.0 6.6
Financials 16.1 18.4
Health Care 15.2 11.1
Industrials 14.4 10.7
Info Technology 22.0 16.4
Materials 7.3 5.3
Real Estate 0.0 3.2
Telecom Services 0.0 3.4
Utilities 0.0 3.2
Cash 0.7

as of March 31, 2017

 
More
Region Portfolio MSCI All Country World Index
Canada 0.0 3.2
Emerging Markets 12.9 11.0
Europe EMU 13.0 10.3
Europe ex-EMU 11.7 10.4
Frontier Markets 0.0
Japan 10.6 7.6
Middle East 1.1 0.2
Pacific ex-Japan 2.3 4.1
United States 47.7 53.2
Cash 0.7

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

.

FACTSHEETS

  

PORTFOLIO MANAGERS

Peter Baughan, CFA          Co-Lead
Christopher Mack, CFA    
Ferrill Roll, CFA   Co-Lead
Richard Schmidt, CFA    

 

 

INVESTMENT DOCUMENTS

Institutional Class Z - HLGZX

The Institutional Class requires a higher minimum investment than the Advisor Class, and has a lower expense ratio.

The Institutional Class Z requires the highest minimum investment of the three mutual fund options, and has the lowest expense ratio.

.

PERFORMANCE (%)

Advisor Class — HLMGX

as of April 30, 2017

 
More
1 Month 1 YR 3 YR 5 YR 10 YR Since
Inception
Global Equity
Inception: 12/01/1996
2.96 17.55 8.22 9.21 5.88 6.87
MSCI All Country World Index 1.56 15.13 5.29 8.97 3.71 N/A

Advisor Class — HLMGX

as of March 31, 2017

 
More
Quarter 1 YR 3 YR 5 YR 10 YR Since
Inception
Global Equity
Inception: 12/01/1996
9.47 15.81 7.21 8.41 5.96 6.75
MSCI All Country World Index 6.91 15.04 5.08 8.38 4.00 N/A

Current Pricing

Advisor Class — HLMGX

as of May 26, 2017

 
More
NAV Daily
Change
Change (%) YTD
Return (%)
Global Equity 37.70 -0.01 -0.03 17.41

Index performance prior to 1/1/2001 is not reported since a portion of it relies on back-tested data.

Returns are annualized for periods greater than one year.

Performance data quoted represents past performance; past performance is not a guarantee of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Portfolio may be lower or higher than the performance quoted. The Portfolio imposes a 2% redemption fee on shares held 90 days or less. Performance data does not reflect the redemption fee. If reflected, total returns would be reduced.

Investment performance reflects fee waivers and in the absence of these waivers investment performance would be reduced.

  

.

Fund Facts

Advisor Class - HLMGX

as of March 31, 2017


HLMGX
TICKER
12/1/1996
INCEPTION DATE
$942.1M
TOTAL FUND ASSETS
$5,000
MINIMUM INVESTMENT
1.19%
EXPENSE RATIO
412295206
CUSIP
71
TOTAL # OF HOLDINGS
2.00% first 90 days
REDEMPTION FEE
29%
TURNOVER (5 YR. AVG)
Annual
DIVIDEND POLICY
None
SALES CHARGE
.

PORTFOLIO

as of March 31, 2017

 
More
Company Sector Country %
Alphabet Info Technology United States 3.8
Nike Cons Discretionary United States 3.0
Priceline Cons Discretionary United States 2.8
Schlumberger Energy United States 2.8
Roper Industrials United States 2.7
SVB Financial Group Financials United States 2.4
M3 Health Care Japan 2.4
AIA Group Financials Hong Kong 2.3
PayPal Info Technology United States 2.2
F5 Networks Info Technology United States 2.1

10 Largest Holdings: 26.5%

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

as of March 31, 2017

 
More
Sector Portfolio MSCI All Country World Index
Cons Discretionary 12.1 12.2
Cons Staples 7.2 9.5
Energy 5.0 6.6
Financials 16.1 18.4
Health Care 15.2 11.1
Industrials 14.4 10.7
Info Technology 22.0 16.4
Materials 7.3 5.3
Real Estate 0.0 3.2
Telecom Services 0.0 3.4
Utilities 0.0 3.2
Cash 0.7

as of March 31, 2017

 
More
Region Portfolio MSCI All Country World Index
Canada 0.0 3.2
Emerging Markets 12.9 11.0
Europe EMU 13.0 10.3
Europe ex-EMU 11.7 10.4
Frontier Markets 0.0
Japan 10.6 7.6
Middle East 1.1 0.2
Pacific ex-Japan 2.3 4.1
United States 47.7 53.2
Cash 0.7

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

.

FACTSHEETS

  

PORTFOLIO MANAGERS

Peter Baughan, CFA          Co-Lead
Christopher Mack, CFA    
Ferrill Roll, CFA   Co-Lead
Richard Schmidt, CFA    

 

 

INVESTMENT DOCUMENTS

ADVISOR CLASS- HLMGX
.

Distributions

Advisor Class - HLMGX

More
declared date ex-date record
date
payment
date
income short-term
cap gains
long-term
cap gains
12/1/2016 12/16/2016 12/15/2016 12/19/2016 0.04166 - 0.38826
12/1/2015 12/18/2015 12/17/2015 12/21/2015 0.02787 - 0.83645
12/1/2014 12/19/2014 12/18/2014 12/22/2014 0.03277 - 1.23120
12/2/2013 12/20/2013 12/19/2013 12/23/2013 0.07252 0.00233 0.12470
12/3/2012 12/20/2012 12/19/2012 12/21/2012 0.04823 - -
12/1/2011 12/19/2011 12/16/2011 12/20/2011 0.04575 - 0.21990
12/1/2010 12/16/2010 12/15/2010 12/17/2010 0.00691 - 0.16140
12/1/2009 12/17/2009 12/16/2009 12/18/2009 0.04200 - -
12/1/2008 12/17/2008 12/16/2008 12/18/2008 0.09000 - -
12/1/2007 12/13/2007 12/12/2007 12/14/2007 0.08340 0.05860 1.93670
12/1/2006 12/14/2006 12/13/2006 12/15/2006 0.07660 - 1.79640
12/1/2005 12/28/2005 12/27/2005 12/29/2005 0.06110 - 0.48130
12/1/2004 12/27/2004 12/23/2004 12/28/2004 0.02240 - -
12/1/2003 12/28/2003 12/27/2003 12/29/2003 0.06544 - -
12/2/2002 12/26/2002 12/24/2002 12/27/2002 0.03458 - -
12/1/2001 12/28/2001 12/27/2001 12/29/2001 0.00430 0.05890 -
12/1/2000 12/28/2000 12/27/2000 12/29/2000 - 0.27760 2.00490
12/1/1999 12/28/1999 12/27/1999 12/29/1999 0.16110 1.94800 -
12/1/1998 12/31/1998 12/30/1998 01/04/1999 - - -
12/1/1997 12/31/1997 12/30/1997 12/31/1997 0.24570 1.94350 -
12/2/1996 12/31/1996 12/27/1996 12/31/1996 0.01270 - -

  

Read more about this strategy

  

Invest through your broker or adviser,
or invest directly


Please click here for Index Definitions.

Mutual fund investing involves risk. Principal loss is possible. 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 US or other more established foreign markets. Economic and political instability may cause larger price changes in emerging markets securities than other foreign securities. Such risks may be magnified for securities in frontier emerging markets. Investing in participation notes involve the same risks associated with a direct investment in the underlying security, currency or market. The securities of smaller and medium-sized companies have historically exhibited more volatility with a lower degree of liquidity than larger companies.

Portfolio holdings are subject to review and adjustment in accordance with the Portfolio's investment strategy and may vary in the future, and should not be considered recommendations to buy or sell any security. The Portfolio is actively managed therefore holdings may not be current. A complete list of holdings is available here.

While the Portfolio is "no load", management fees and expenses will apply. Please refer to the Prospectus for additional details.

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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.

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