Harding Loevner International Equity Portfolio
HARDING LOEVNER FUNDS INC · 3 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
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
Fund profile
As filed in the prospectus · 2026 Q1
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.
| Share class | Expense ratio |
|---|---|
| HLMIX | 0.83% |
| HLMNX | 1.15% |
| HLIZX | 0.73% |
Portfolio turnover 25.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 96.50% |
| Cash & short-term | 3.31% |
Latest quarter
What changed since the fund's previous filing
Largest new: ROCHE HOLDING AG, ALFA LAVAL AB, AMADEUS IT GROUP SA, RECRUIT HOLDINGS CO LTD, ASTRAZENECA PLC, SAFRAN SA, HAIER SMART HOME CO LTD, DASSAULT SYSTEMES SE
Exited: ROCHE HOLDINGS AG GENUSSC, ALFA LAVAL AB, ALCON INC, SAFRAN SA, HAIER SMART HOME CO LTD, DASSAULT SYSTEMES SE, COLOPLAST A/S, NOVONESIS NOVOZYMES B
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +28.87% | +49.07% | +37.43% | 14.15% | -12.29% | |
| +28.44% | +47.65% | +35.18% | 14.10% | -12.37% | |
| +29.00% | +49.51% | +38.03% | 14.13% | -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.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| TSM | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTDTSM | 4.51% | $396.06 | $556.05M | 1.4M |
| — | SAMSUNG ELECTRONICS CO LTD | 3.97% | $3,748.51 | $489.83M | 130.7K |
| — | DELTA ELECTRONICS INC | 3.53% | $69.04 | $434.62M | 6.3M |
| RYDAF | SHELL PLCRYDAF | 3.39% | $45.40 | $417.27M | 9.2M |
| NTPXX | NORTHERN INSTITUTIONAL FUNDSNTPXX | 3.31% | — | $407.29M | — |
| MFC | MANULIFE FINANCIAL CORPMFC | 2.84% | $39.32 | $350.35M | 8.9M |
| — | CONTEMPORARY AMPEREX TECHNOLOGY CO LTD | 2.80% | $64.15 | $345.61M | 5.4M |
| AAIGF | AIA GROUP LTDAAIGF | 2.58% | $11.01 | $317.93M | 28.9M |
| RTPPF | RIO TINTO PLCRTPPF | 2.42% | $99.91 | $297.65M | 3.0M |
| BBVXF | BANCO BILBAO VIZCAYA ARGENTARIA SABBVXF | 2.40% | $22.12 | $295.92M | 13.4M |
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.
Top 10 positions are 31.75% of net assets, top 25 59.92%, across 66 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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