About HLMIX
The Harding Loevner International Equity Portfolio Institutional Class is a mutual fund focused on achieving long-term capital appreciation by investing primarily in high-quality, growing companies outside the United States. This portfolio emphasizes global diversification, allocating assets across both developed markets and select emerging and frontier markets, with investments spanning at least 15 countries. The fund holds a concentrated portfolio—typically around 60 holdings—with a significant representation in sectors such as technology, healthcare, financial services, and energy. Notable holdings have included companies like Taiwan Semiconductor Manufacturing, Samsung Electronics, Shell PLC, and Roche Holding AG.
The Institutional Class offers a lower expense ratio compared to other share classes but requires a higher minimum investment, catering to institutional and large-scale investors. The fund leverages both fundamental and quantitative analysis through a bottom-up stock selection process, and benchmarks its performance against the MSCI All Country World ex US Index. Managed by Harding Loevner LP since 1989, the portfolio is recognized for its rigorous research approach and its role as a core strategy for investors seeking diversified exposure to international equities beyond the U.S..
Fund Family Harding Loevner
Category Foreign Large Blend
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol HLMIX
Share Class Institutional
Index MSCI AC World ex USA NR USD
HLMIX had a total return of 28.75% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.83%.
