US Mutual Funds

Global Equity Research Portfolio

The Global Equity Research Portfolio invests in high-quality, growing companies in and outside the United States that are recommended by our analysts.


SELECT CLASS:

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

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PERFORMANCE (%)

Institutional Class — HLRGX

as of March 31, 2017

 
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1 Month 1 YR 3 YR 5 YR 10 YR Since
Inception
Global Equity Research
Inception: 12/19/2016
1.70 N/A N/A N/A N/A 7.60
MSCI All Country World Index 1.22 N/A N/A N/A N/A 9.64

Institutional Class — HLRGX

as of March 31, 2017

 
More
Quarter 1 YR 3 YR 5 YR 10 YR Since
Inception
Global Equity Research
Inception: 12/19/2016
8.03 N/A N/A N/A N/A 7.60
MSCI All Country World Index 6.91 N/A N/A N/A N/A 9.64

Current Pricing

Institutional Class — HLRGX

as of April 24, 2017

 
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NAV Daily
Change
Change (%) YTD
Return (%)
Global Equity Research 10.89 0.14 1.30 9.34

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 - HLRGX

as of March 31, 2017


HLRGX
TICKER
12/19/2016
INCEPTION DATE
$5.1M
TOTAL FUND ASSETS
$100,000
MINIMUM INVESTMENT
0.90%*
NET EXPENSE RATIO
2.96%
GROSS EXPENSE RATIO
412295792
CUSIP
242
TOTAL # OF HOLDINGS
2.00% first 90 days
REDEMPTION FEE
Annual
DIVIDEND POLICY
None
SALES CHARGE

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

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PORTFOLIO

as of March 31, 2017

 
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Company Sector Country %
Apple Info Technology United States 1.2
AmerisourceBergen Health Care United States 1.1
Church & Dwight Cons Staples United States 1.1
Roper Industries Industrials United States 1.0
Lazard Financials United States 1.0
Cisco Systems Info Technology United States 1.0
Henry Schein Health Care United States 1.0
Deere Industrials United States 1.0
Disney Cons Discretionary United States 1.0
Fiserv Info Technology United States 1.0
Estee Lauder Cons Staples United States 1.0
Alphabet Info Technology United States 1.0
McDonald's Cons Discretionary United States 1.0
International Business Machine Info Technology United States 1.0
Procter & Gamble Cons Staples United States 1.0
Automatic Data Processing Info Technology United States 1.0
Ecolab Materials United States 1.0
JPMorgan Chase Financials United States 1.0
DENTSPLY SIRONA Health Care United States 1.0
Amphenol Info Technology United States 1.0
Monsanto Materials United States 1.0
Prudential Financial Financials United States 1.0
Reinsurance Group of America Financials United States 0.9
Keyence Info Technology Japan 0.9
Signature Bank Financials United States 0.9

25 Largest Holdings: 25.1%

as of March 31, 2017

 
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Sector Portfolio MSCI All Country World Index
Cons Discretionary 10.6 12.2
Cons Staples 12.3 9.5
Energy 2.7 6.6
Financials 18.1 18.4
Health Care 13.1 11.1
Industrials 12.4 10.7
Info Technology 21.7 16.4
Materials 6.3 5.3
Real Estate 0.6 3.2
Telecom Services 0.7 3.4
Utilities 0.4 3.2
Cash 1.1

as of March 31, 2017

 
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Region Portfolio MSCI All Country World Index
Canada 1.3 3.2
Emerging Markets 20.2 11.0
Europe EMU 8.0 10.3
Europe ex-EMU 9.4 10.4
Frontier Markets 1.0
Japan 10.5 7.6
Middle East 0.9 0.2
Pacific ex-Japan 2.5 4.1
United States 45.1 53.2
Cash 1.1

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

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FACTSHEET

  

PORTFOLIO MANAGERS

Moon Surana, CFA  
Andrew West, CFA  

 

 

INVESTMENT DOCUMENTS

Institutional Class - HLRGX

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

.

PERFORMANCE (%)

Investor Class — HLGNX

as of March 31, 2017

 
More
1 Month 1 YR 3 YR 5 YR 10 YR Since
Inception
Global Equity Research
Inception: 12/19/2016
1.61 N/A N/A N/A N/A 7.50
MSCI All Country World Index 1.22 N/A N/A N/A N/A 9.64

Investor Class — HLGNX

as of March 31, 2017

 
More
Quarter 1 YR 3 YR 5 YR 10 YR Since
Inception
Global Equity Research
Inception: 12/19/2016
7.93 N/A N/A N/A N/A 7.50
MSCI All Country World Index 6.91 N/A N/A N/A N/A 9.64

Current Pricing

Investor Class — HLGNX

as of April 24, 2017

 
More
NAV Daily
Change
Change (%) YTD
Return (%)
Global Equity Research 10.88 0.13 1.21 9.24

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

Investor Class - HLGNX

as of March 31, 2017


HLGNX
TICKER
12/19/2016
INCEPTION DATE
$5.1M
TOTAL FUND ASSETS
$5,000
MINIMUM INVESTMENT
1.15%*
NET EXPENSE RATIO
8.86%
GROSS EXPENSE RATIO
412295818
CUSIP
242
TOTAL # OF HOLDINGS
2.00% first 90 days
REDEMPTION FEE
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 %
Apple Info Technology United States 1.2
AmerisourceBergen Health Care United States 1.1
Church & Dwight Cons Staples United States 1.1
Roper Industries Industrials United States 1.0
Lazard Financials United States 1.0
Cisco Systems Info Technology United States 1.0
Henry Schein Health Care United States 1.0
Deere Industrials United States 1.0
Disney Cons Discretionary United States 1.0
Fiserv Info Technology United States 1.0
Estee Lauder Cons Staples United States 1.0
Alphabet Info Technology United States 1.0
McDonald's Cons Discretionary United States 1.0
International Business Machine Info Technology United States 1.0
Procter & Gamble Cons Staples United States 1.0
Automatic Data Processing Info Technology United States 1.0
Ecolab Materials United States 1.0
JPMorgan Chase Financials United States 1.0
DENTSPLY SIRONA Health Care United States 1.0
Amphenol Info Technology United States 1.0
Monsanto Materials United States 1.0
Prudential Financial Financials United States 1.0
Reinsurance Group of America Financials United States 0.9
Keyence Info Technology Japan 0.9
Signature Bank Financials United States 0.9

25 Largest Holdings: 25.1%

as of March 31, 2017

 
More
Sector Portfolio MSCI All Country World Index
Cons Discretionary 10.6 12.2
Cons Staples 12.3 9.5
Energy 2.7 6.6
Financials 18.1 18.4
Health Care 13.1 11.1
Industrials 12.4 10.7
Info Technology 21.7 16.4
Materials 6.3 5.3
Real Estate 0.6 3.2
Telecom Services 0.7 3.4
Utilities 0.4 3.2
Cash 1.1

as of March 31, 2017

 
More
Region Portfolio MSCI All Country World Index
Canada 1.3 3.2
Emerging Markets 20.2 11.0
Europe EMU 8.0 10.3
Europe ex-EMU 9.4 10.4
Frontier Markets 1.0
Japan 10.5 7.6
Middle East 0.9 0.2
Pacific ex-Japan 2.5 4.1
United States 45.1 53.2
Cash 1.1

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

.

FACTSHEET

  

PORTFOLIO MANAGERS

Moon Surana, CFA  
Andrew West, CFA  

 

 

INVESTMENT DOCUMENTS

Investor CLASS- HLGNX

  

Read more about this strategy

  

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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.

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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