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Global Equity

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Offered since 1989, the Global Equity strategy invests in a limited number of high-quality, growing companies across the size range anywhere in the world, the broadest opportunity set of any of our strategies. Its benchmark is the MSCI All Country World Index.

Global Equity

                                    

                                                                                                                                                                         

                                                                                                                                                                         

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PORTFOLIO MANAGERS

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

 

 

SELECT PRODUCT:
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COMPOSITE PERFORMANCE (%)

as of June 30, 2017

 
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Quarter 1 YR 3 YR 5 YR 10 YR Since
Inception
Global Equity (Gross)
Inception: 11/30/1989 		7.74 23.89 9.28 12.69 7.36 9.94
Global Equity (net)
Inception: 11/30/1989 		7.62 23.31 8.78 12.18 6.91 9.27
MSCI All Country World Index 4.45 19.42 5.39 11.13 4.27 7.00
MSCI World Index 4.21 18.86 5.83 12.00 4.56 7.04

Returns are annualized for periods greater than one year.

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PORTFOLIO

as of June 30, 2017

 
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Company Sector Country %
Alphabet Info Technology United States 3.8
Nike Cons Discretionary United States 2.9
Roper Industrials United States 2.8
Priceline Cons Discretionary United States 2.7
PayPal Info Technology United States 2.6
AIA Group Financials Hong Kong 2.5
Schlumberger Energy United States 2.2
SVB Financial Group Financials United States 2.1
Regeneron Health Care United States 2.1
Verisk Industrials United States 2.0

10 Largest Holdings: 25.7%

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

as of June 30, 2017

 
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Sector Portfolio MSCI All Country World Index
Cons Discretionary 11.8 12.1
Cons Staples 6.4 9.4
Energy 4.1 6.1
Financials 15.4 18.6
Health Care 15.4 11.4
Industrials 13.7 10.9
Info Technology 23.2 16.9
Materials 7.3 5.2
Real Estate 0.0 3.1
Telecom Services 0.0 3.2
Utilities 0.0 3.1
Cash 2.7 —

as of June 30, 2017

 
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Region Portfolio MSCI All Country World Index
Canada 0.0 3.1
Emerging Markets 13.5 11.3
Europe EMU 12.8 10.7
Europe Ex-EMU 11.2 10.4
Frontier Markets 0.0 —
Japan 9.3 7.7
Middle East 1.1 0.2
Pacific Ex-Japan 2.5 4.0
United States 46.9 52.6
Cash 2.7 —

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

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COMPOSITE PERFORMANCE (%)

as of June 30, 2017

 
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Quarter 1 YR 3 YR 5 YR 10 YR Since
Inception
Global Equity ADR (Gross)
Inception: 10/31/2001 		7.75 25.35 9.24 12.38 6.33 9.43
Global Equity ADR (net)
Inception: 10/31/2001 		7.54 24.42 8.38 11.48 5.48 8.54
MSCI All Country World Index 4.45 19.42 5.39 11.13 4.27 7.00
MSCI World Index 4.21 18.86 5.83 12.00 4.56 7.04

Returns are annualized for periods greater than one year.

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PORTFOLIO

as of June 30, 2017

 
More
Company Sector Country %
Alphabet Info Technology United States 4.3
PayPal Info Technology United States 3.0
Nike Cons Discretionary United States 2.9
AIA Group Financials Hong Kong 2.9
Roper Industrials United States 2.8
SVB Financial Group Financials United States 2.7
Priceline Cons Discretionary United States 2.5
Lonza Group Health Care Switzerland 2.3
Schlumberger Energy United States 2.2
Regeneron Health Care United States 2.1

10 Largest Holdings: 27.7%

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

as of June 30, 2017

 
More
Sector Portfolio MSCI All Country World Index
Cons Discretionary 11.8 12.1
Cons Staples 6.6 9.4
Energy 4.0 6.1
Financials 15.2 18.6
Health Care 15.4 11.4
Industrials 14.6 10.9
Info Technology 22.4 16.9
Materials 7.3 5.2
Real Estate 0.0 3.1
Telecom Services 0.0 3.2
Utilities 0.0 3.1
Cash 2.7 —

as of June 30, 2017

 
More
Region Portfolio MSCI All Country World Index
Canada 0.0 3.1
Emerging Markets 13.0 11.3
Europe EMU 13.5 10.7
Europe ex-EMU 12.5 10.4
Frontier Markets 0.0 —
Japan 7.1 7.7
Middle East 1.1 0.2
Pacific ex-Japan 2.9 4.0
United States 47.2 52.6
Cash 2.7 —

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

  

Many ways to invest: products for institutions and individuals

   

MUTUAL FUNDS
for US institutions and individuals

SEPARATELY MANAGED ACCOUNTS
for large institutions

COLLECTIVE INVESTMENT TRUSTS
for US retirement plans

UCITS FUNDS
for non-US investors

UNIT TRUSTS
for Australian investors

Composite performance shown is preliminary. The Global Equity Composite contains fully discretionary, fee paying global equity accounts investing in US and non-US equity and equity-equivalent securities with the objective of long-term capital appreciation. The Global Equity ADR Composite contains fully discretionary, fee paying global equity accounts with the objective of long-term capital appreciation. Harding Loevner LP is an investment adviser registered with the Securities and Exchange Commission. Harding Loevner is affiliated with Affiliated Managers Group, Inc. (NYSE: AMG), an investment holding company with stakes in a diverse group of boutique investment firms. Harding Loevner claims compliance with the Global Investment Performance Standards (GIPS®). Harding Loevner has been independently verified by Ashland Partners & Company, LLP for the period November 1, 1989 through March 31, 2017. Verification assesses whether (1) the firm has complied with all composite construction requirements of the GIPS standards on a firm-wide basis and (2) the firm's policy and procedures are designed to calculate and present performance in compliance with GIPS standards. The Global Equity Composite has received a performance examination for the periods December 1, 1989 through March 31, 2017. The Global Equity ADR Composite has been examined for the periods December 1, 1989 through March 31, 2017. Performance data quoted represents past performance; past performance does not guarantee future results. The US dollar is the currency used to express performance. Complete information on the construction and historical record of the Global Equity and Global Equity ADR Composites are available at the links provided. The firm maintains a complete list and description of composites, which is available upon request.

Largest holdings and sector and geographic weights are shown as supplemental information only and complement the fully compliant Global Equity and Global Equity ADR Composite GIPS presentation. The portfolios are actively managed therefore holdings shown may not be current. They should not be considered recommendations to buy or sell any security. It should not be assumed that investment in the securities identified has been or will be profitable. A complete list of holdings for this quarter is available for Global Equity and Global Equity ADR. To request a complete list of holdings for the past year, please contact Harding Loevner.

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.

Please click here for Index definitions.

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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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