Harding Loevner Frontier Emerging Markets Fund Institutional Class (HLFMX)

Fund Assets	125.35M
Expense Ratio	1.46%
Min. Investment	$100,000
Turnover	n/a
Dividend (ttm)	0.15
Dividend Yield	1.77%
Dividend Growth	13.36%
Payout Frequency	Annual
Ex-Dividend Date	Dec 19, 2024

Previous Close	8.41
YTD Return	6.32%
1-Year Return	10.43%
5-Year Return	37.17%
52-Week Low	7.35
52-Week High	8.49
Beta (5Y)	0.61
Holdings	10
Inception Date	May 27, 2008

About HLFMX

The Fund's investment strategy focuses on Frontier Mrkts with 1.68% total expense ratio. The minimum amount to invest in Harding, Loevner Funds, Inc: Frontier Emerging Markets Portfolio; Institutional I Class Shares is $100,000 on a standard taxable account. The Portfolio seeks long term capital appreciation through investments in equity securities of companies based in frontier and smaller emerging markets. Harding, Loevner Funds, Inc: Frontier Emerging Markets Portfolio; Institutional I Class Shares invests primarily in equity securities of companies that are based in frontier emerging markets, including the smaller traditionally-recognized emerging markets.

• Category: Diversified Emerging Mkts
• Stock Exchange: NASDAQ
• Ticker Symbol: HLFMX
• Share Class: Institutional Class
• Index: Index is not available on Lipper Database

Performance

HLFMX had a total return of 10.43% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.28%.

Chart

Bar chart with 6 bars.

The chart has 1 X axis displaying categories.

The chart has 1 Y axis displaying values. Data ranges from 0.2771 to 10.425.

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Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
HLFZX	Institutional Class Z	1.26%
HLMOX	Investor	1.76%

Top 10 Holdings

36.98% of assets

Name	Symbol	Weight
Halyk Bank of Kazakhstan JSC Shs Sponsored Global Deposit Rec Repr 40 Shs R	HSBK	4.78%
Credicorp Ltd.	BAP	4.64%
Banca Transilvania SA	TLV	4.55%
SODEP -Marsa Maroc SA	MSA.CS	3.73%
Joint Stock Commercial Bank for Foreign Trade of Vietnam	VCB	3.66%
Emaar Properties PJSC	EMAAR.DB	3.46%
International Container Terminal Services Inc	ICT.PM	3.34%
Joint Stock Company Kaspi.kz	KSPI	3.21%
SM Prime Holdings Inc	SMPH.PM	2.90%
Bank of the Philippine Islands	BPI.PM	2.72%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 19, 2024	$0.14853	Dec 19, 2024
Dec 19, 2023	$0.13102	Dec 19, 2023
Dec 13, 2022	$0.15587	Dec 13, 2022
Dec 14, 2021	$0.07146	Dec 14, 2021
Dec 15, 2020	$0.12696	Dec 15, 2020
Dec 17, 2019	$0.15771	Dec 17, 2019