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Trending ETFs

Harding Loevner Global Equity Portfolio

mutual fund
HLMVX
Payout Change
Pending
Price as of:
$42.12 +0.18 +0.43%
primary theme
N/A
HLMVX (Mutual Fund)

Harding Loevner Global Equity Portfolio

Payout Change
Pending
Price as of:
$42.12 +0.18 +0.43%
primary theme
N/A
HLMVX (Mutual Fund)

Harding Loevner Global Equity Portfolio

Payout Change
Pending
Price as of:
$42.12 +0.18 +0.43%
primary theme
N/A

Name

As of 05/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$42.12

$1.02 B

0.29%

$0.12

0.90%

Vitals

YTD Return

8.3%

1 yr return

21.0%

3 Yr Avg Return

-0.4%

5 Yr Avg Return

9.6%

Net Assets

$1.02 B

Holdings in Top 10

32.3%

52 WEEK LOW AND HIGH

$41.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.90%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 59.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$42.12

$1.02 B

0.29%

$0.12

0.90%

HLMVX - Profile

Distributions

  • YTD Total Return 8.3%
  • 3 Yr Annualized Total Return -0.4%
  • 5 Yr Annualized Total Return 9.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.28%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Harding Loevner Global Equity Portfolio
  • Fund Family Name
    Harding Loevner
  • Inception Date
    Aug 01, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Peter Baughan

Fund Description

The Portfolio invests in companies based in the United States and other developed markets, as well as in emerging and frontier markets. Harding Loevner LP (“Harding Loevner”), the Portfolio’s investment adviser, undertakes fundamental research in an effort to identify companies that are well managed, financially sound, fast growing, and strongly competitive, and whose shares are reasonably priced relative to estimates of their value. To reduce its volatility, the Portfolio is diversified across dimensions of geography, industry, currency, and market capitalization. The Portfolio normally holds investments across at least 15 countries.
The Portfolio will normally invest broadly in equity securities of companies domiciled in the following countries and regions: (1) Europe; (2) the Pacific Rim; (3) the United States, Canada, and Mexico; and (4) countries with emerging or frontier markets. At least 65% of the Portfolio’s total assets will be denominated in at least three currencies, which may include the U.S. dollar. For purposes of compliance with this restriction, American Depositary Receipts, Global Depositary Receipts, and European Depositary Receipts (collectively, “Depositary Receipts”), will be considered to be denominated in the currency of the country where the securities underlying the Depositary Receipts are principally traded.
The Portfolio invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks, preferred stocks, rights, and warrants issued by companies that are based both inside and outside the United States, securities convertible into such securities (including Depositary Receipts), and investment companies that invest in the types of securities in which the Portfolio would normally invest.
Because some emerging market countries may present difficulties for efficient foreign investment, the Portfolio may use equity derivative securities to gain exposure to those countries.
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HLMVX - Performance

Return Ranking - Trailing

Period HLMVX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.3% -35.6% 29.2% 80.65%
1 Yr 21.0% 17.3% 252.4% 38.30%
3 Yr -0.4%* -3.5% 34.6% 29.20%
5 Yr 9.6%* 0.1% 32.7% 21.48%
10 Yr 8.7%* -6.9% 18.3% 23.75%

* Annualized

Return Ranking - Calendar

Period HLMVX Return Category Return Low Category Return High Rank in Category (%)
2023 21.4% -24.3% 957.1% 22.93%
2022 -30.0% -38.3% 47.1% 16.06%
2021 -1.4% -54.2% 0.6% 82.10%
2020 22.7% -76.0% 54.1% 65.01%
2019 28.2% -26.1% 47.8% 30.30%

Total Return Ranking - Trailing

Period HLMVX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.3% -35.6% 29.2% 80.87%
1 Yr 21.0% 11.4% 252.4% 35.11%
3 Yr -0.4%* -3.5% 34.6% 27.86%
5 Yr 9.6%* 0.1% 32.7% 20.40%
10 Yr 8.7%* -6.9% 18.3% 22.08%

* Annualized

Total Return Ranking - Calendar

Period HLMVX Return Category Return Low Category Return High Rank in Category (%)
2023 22.1% -24.3% 957.1% 22.93%
2022 -30.0% -33.1% 47.1% 16.18%
2021 14.9% -44.4% 1.8% 34.72%
2020 29.8% -6.5% 54.1% 10.25%
2019 29.0% -14.4% 47.8% 31.90%

NAV & Total Return History


HLMVX - Holdings

Concentration Analysis

HLMVX Category Low Category High HLMVX % Rank
Net Assets 1.02 B 199 K 133 B 22.04%
Number of Holdings 63 1 9075 45.48%
Net Assets in Top 10 312 M -18 M 37.6 B 24.01%
Weighting of Top 10 32.30% 9.1% 100.0% 44.74%

Top 10 Holdings

  1. Vertex Pharmaceuticals Incorporated COM USD0.01 4.37%
  2. Schneider Electric SE EUR4.00 4.20%
  3. Meta Platforms Inc COM USD0.000006 CL 'A' 3.89%
  4. Alphabet Inc. CAP STK USD0.001 CL A 3.88%
  5. Amazon.com, Inc. COM USD0.01 3.50%
  6. Thermo Fisher Scientific Inc COM USD1 2.69%
  7. Netflix, Inc. COM USD0.001 2.65%
  8. Deere Company COM USD1 2.59%
  9. Microsoft Corporation COM USD0.00000625 2.33%
  10. Northern Inst Fds TREAS PRT PRMR 2.20%

Asset Allocation

Weighting Return Low Return High HLMVX % Rank
Stocks
96.92% 61.84% 125.47% 64.21%
Cash
2.24% -174.70% 23.12% 29.30%
Preferred Stocks
0.84% -0.01% 5.28% 26.76%
Other
0.00% -13.98% 19.14% 35.35%
Convertible Bonds
0.00% 0.00% 4.46% 18.61%
Bonds
0.00% -1.50% 161.67% 22.47%

Stock Sector Breakdown

Weighting Return Low Return High HLMVX % Rank
Healthcare
25.17% 0.00% 35.42% 7.71%
Technology
23.00% 0.00% 49.87% 57.05%
Financial Services
14.92% 0.00% 38.42% 10.35%
Communication Services
12.79% 0.00% 57.66% 35.13%
Industrials
12.40% 0.00% 44.06% 54.63%
Consumer Cyclical
7.98% 0.00% 40.94% 57.38%
Consumer Defense
1.63% 0.00% 73.28% 86.78%
Energy
1.19% 0.00% 21.15% 46.15%
Real Estate
0.90% 0.00% 39.48% 64.32%
Utilities
0.00% 0.00% 29.12% 65.64%
Basic Materials
0.00% 0.00% 38.60% 88.99%

Stock Geographic Breakdown

Weighting Return Low Return High HLMVX % Rank
US
70.63% 0.13% 103.82% 16.41%
Non US
26.29% 0.58% 99.46% 86.45%

HLMVX - Expenses

Operational Fees

HLMVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.90% 0.01% 44.27% 71.84%
Management Fee 0.75% 0.00% 1.82% 55.03%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.76% N/A

Sales Fees

HLMVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

HLMVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 25.49%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HLMVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 59.00% 0.00% 395.00% 74.43%

HLMVX - Distributions

Dividend Yield Analysis

HLMVX Category Low Category High HLMVX % Rank
Dividend Yield 0.29% 0.00% 3.26% 16.63%

Dividend Distribution Analysis

HLMVX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annually Annually

Net Income Ratio Analysis

HLMVX Category Low Category High HLMVX % Rank
Net Income Ratio -0.28% -4.27% 12.65% 80.34%

Capital Gain Distribution Analysis

HLMVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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HLMVX - Fund Manager Analysis

Managers

Peter Baughan


Start Date

Tenure

Tenure Rank

Feb 28, 2003

19.27

19.3%

Peter is the lead manager of the Pengana Harding Loevner International Fund and has over 30 years’ experience as a portfolio manager and analyst. Peter joined Harding Loevner in 1997 and is a Partner & Portfolio Manager, Global Equity (Co-Lead) & World Equity. Prior to joining Harding Loevner, Peter worked with Rockefeller & Co. as Investment Analyst (in New York & London) and as Private Equity Manager (in Paris). He has also worked with Chase Manhattan Bank. Peter is a CFA and has a BA (Political Science) from University of North Carolina, Chapel Hill with a degree in Political Science and is a CFA Charterholder.

Christopher Mack


Start Date

Tenure

Tenure Rank

Jun 30, 2014

7.92

7.9%

Chris Mack is a co-lead portfolio manager of the Global Small Companies Equity strategy, portfolio manager of the Global Equity strategy, and an Information Technology analyst. Chris has over 10 years of industry experience and began his career at Harding Loevner in 2004 as an investment assistant. In 2006, he became a research associate, and in 2008 he assumed analyst responsibilities. Chris was added to the portfolio management teams of the Global Equity and Global Small Companies Equity strategies in 2014 and 2018, respectively. Chris graduated from Lafayette College with a BA in Economics and Business and is a CFA® charterholder.

Richard Schmidt


Start Date

Tenure

Tenure Rank

Feb 28, 2015

7.26

7.3%

Mr. Richard Schmidt, is a Portfolio Manager of Harding Loevner’s portion of the Fund. Mr. Schmidt, Portfolio Manager, Analyst and Partner, has worked with Harding Loevner since 2011. Previous to his current position, Mr. Schmidt was Chief Investment Officer with Oranda Capital Management from 2007 to 2011. Mr. Schmidt also worked for JP Morgan Asset Management, Jardine Fleming Investment Management, Jardine Fleming Securities, BT Brokerage and Winfull, Laing & Cruickshank in various analytic roles. Mr. Schmidt received his BS in Foreign Services from Georgetown University in 1986.

Scott Crawshaw


Start Date

Tenure

Tenure Rank

Jan 02, 2018

4.41

4.4%

Scott Crawshaw is a member of the PM team for the Emerging Markets Equity, International Equity & Global Equity strategies. He is also an Emerging Markets analyst. Scott joined the firm in 2014 & is a Partner. He has 22 yrs of experience in EM research & portfolio management, including 5 yrs at ISIS Asset Management where he served as an Emerging Markets Fund Manager until 2003. Prior to joining Harding Loevner, Scott served as an Emerging Markets Senior Portfolio Manager at Russell Investments. He graduated from The University of Bristol (1995) with a BSc in Mathematics.

Jingyi Li


Start Date

Tenure

Tenure Rank

Feb 28, 2019

3.25

3.3%

Jingyi Li is a cCo-Lead Portfolio Manager for the Global Equity strategy. He is also an analyst of China, Industrials, and Utilities. Jingyi began at the firm in 2010 and has 20 yrs of experience, including 5 years as a Vice President of New China Capital Management based in Connecticut and China before joining Harding Loevner. He is a graduate of the Yale School of Management (MBA 2005) and Shanghai Jiaotong University (BA 1998).

Moon Surana


Start Date

Tenure

Tenure Rank

Jan 31, 2022

0.33

0.3%

Moon Surana, CFA has been a portfolio manager since 2015 and an analyst since 2009. As an analyst, she focuses on financials companies. Ms. Surana graduated from Manipal Institute of Technology in 2005 and received an MS in Financial Engineering from the University of Michigan in 2008. She joined Harding Loevner in 2009. Ms. Surana serves as a portfolio manager for the Global Equity Research Portfolio, International Equity Research Portfolio, and Emerging Markets Research Portfolio.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.82 6.24 1.25