About HLIZX
The Harding Loevner International Equity Portfolio Institutional Class Z is an actively managed mutual fund specializing in global equities, with a primary emphasis on companies located outside the United States. Designed for institutional investors, this class features the lowest expense ratio among its share classes but requires a significant minimum investment. The fund seeks long-term capital appreciation by targeting high-quality, growing firms with notable competitive advantages and robust, durable growth prospects. Its investment approach spans developed, emerging, and frontier markets, resulting in broad geographic and sector diversification. Core holdings frequently include leaders in technology, healthcare, financial services, and energy sectors, with notable positions in companies such as Taiwan Semiconductor Manufacturing, Samsung Electronics, Shell PLC, and Roche Holding AG. The fund’s strategy involves meticulous research and risk management, navigating the unique challenges of international markets—including currency and political risks—while maintaining a concentrated portfolio and relatively low turnover. It is benchmarked against the MSCI All Country World ex US Index, reflecting its global, ex-US growth-oriented mandate and significance in providing international equity exposure to institutional portfolios.
Fund Family Harding Loevner
Category Foreign Large Blend
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol HLIZX
Share Class Institutional Class Z
Index MSCI AC World ex USA NR USD
HLIZX had a total return of 19.71% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.89%.
