Harding Loevner International Equity Portfolio
Actively managed developed international stock fund
As of its 2026 Q2 report, Harding Loevner International Equity Portfolio held 67 positions with $12.32B in net assets. Its ten largest holdings made up 31.7% of the fund. The HLMIX share class costs 0.83% a year. Over the 12 months to May 2026, HLMIX returned 29.0%, with dividends reinvested. In 2026 Q3 it added 4 new positions and exited 5.
The International Equity Portfolio (the Portfolio) seeks long-term capital appreciation through investments in equity securities of companies based outside the United States.
The fund seeks long-term capital appreciation by identifying well-managed, financially sound, fast-growing companies with competitive advantages in developed and emerging markets outside the United States, using fundamental research to find securities reasonably priced relative to estimated value. The portfolio is diversified across at least 15 countries, multiple industries, and currencies to reduce volatility, with at least 65% of assets denominated in currencies other than the U.S. dollar. The fund normally invests at least 80% of net assets in equity securities of non-U.S. companies and may invest up to 15% in U.S. companies deriving significant revenues from foreign operations.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
TSMTAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | 4.51% | $556.05M | 1.4M | $396.06 |
SAMSUNG ELECTRONICS CO LTD | 3.97% | $489.83M | 130.7K | $3,748.51 |
DELTA ELECTRONICS INC | 3.53% | $434.62M | 6.3M | $69.04 |
RYDAFSHELL PLC | 3.39% | $417.27M | 9.2M | $45.40 |
NTPXXNORTHERN INSTITUTIONAL FUNDS | 3.31% | $407.29M | — | — |
MFCMANULIFE FINANCIAL CORP | 2.84% | $350.35M | 8.9M | $39.32 |
CONTEMPORARY AMPEREX TECHNOLOGY CO LTD | 2.80% | $345.61M | 5.4M | $64.15 |
AAIGFAIA GROUP LTD | 2.58% | $317.93M | 28.9M | $11.01 |
RTPPFRIO TINTO PLC | 2.42% | $297.65M | 3.0M | $99.91 |
BBVXFBANCO BILBAO VIZCAYA ARGENTARIA SA | 2.40% | $295.92M | 13.4M | $22.12 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 67 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 96.50% |
| Cash & short-term | 3.31% |
How it has done
HLMIX share class · total returns with dividends reinvested
Volatility over the last 12 months: 14.16%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 3 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.83% | +28.97% | +60.02% | +38.24% | -12.29% | |
| 1.15% | +28.57% | +58.41% | +35.96% | -12.37% | |
| 0.73% | +29.15% | +60.43% | +38.81% | -12.29% |
These classes hold the same portfolio, so the 2.85pp spread over 5 years is the cost difference between them — roughly 0.57pp a year — not a difference in what they own.
Fees & fund details
Harding Loevner International Equity Portfolio is an actively managed developed international equity fund.
- Asset class
- Equity
- Region
- Developed international
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.73% – 1.15%· HLMIX 0.83%
- Portfolio turnover
- 25.00% a year · as of 2026 Q1
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
4 new
5 exited
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — HLMIX, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”