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HLEMX Harding Loevner Emerging Markets Advisor

  • Fund
  • HLEMX
  • Price as of: Dec 05, 2016
  • $44.07
  • + $0.31
  • + 0.71%
  • Category
  • Emerging Markets Equities

HLEMX - Profile

Vitals

  • YTD Return 12.4%
  • 3 Yr Annualized Return -0.1%
  • 5 Yr Annualized Return 3.9%
  • Net Assets $3 B
  • Holdings in Top 10 29.9%

52 WEEK LOW AND HIGH

$44.07
$34.22
$47.55

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.45%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 30.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

Closed to new investors as of 2016-06-30

STANDARD (TAXABLE)

$5,000

IRA

N/A

Investment Themes

CATEGORY

Emerging Markets Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Diversified Emerging Mkts

Distributions

  • YTD Total Return 12.4%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 3.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.57%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Harding Loevner Emerging Markets Fund
  • Fund Family Name Harding Loevner
  • Inception Date Nov 09, 1998
  • Shares Outstanding N/A
  • Share Class Adv
  • Currency USD
  • Domiciled Country United States
  • Manager Craig Shaw

HLEMX - Performance

Return Ranking - Trailing

Period HLEMX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 12.4% -29.2% 249.4% 10.82% 1
1 Yr 10.7% -38.0% 57.7% 22.82% 2
3 Yr -0.1% * -12.2% 19.4% 18.95% 1
5 Yr 3.9% * -11.8% 11.8% 10.27% 1
10 Yr 4.1% * -2.2% 7.6% 21.40% 2

* Annualized


Return Ranking - Calendar

Period HLEMX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -14.0% -47.4% 3.3% 40.74% 3
2014 -6.5% -40.7% 42.6% 60.96% 4
2013 0.6% -30.3% 32.4% 24.79% 2
2012 14.4% -10.6% 37.9% 67.77% 4
2011 -18.2% -54.5% 1.7% 25.31% 2

Total Return Ranking - Trailing

Period HLEMX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 12.4% -11.8% 249.4% 11.82% 1
1 Yr 10.7% -25.4% 55.8% 17.40% 1
3 Yr -0.1% * -11.5% 19.4% 15.76% 1
5 Yr 3.9% * -12.2% 11.8% 9.82% 1
10 Yr 4.1% * -2.2% 7.6% 19.75% 1

* Annualized


Total Return Ranking - Calendar

Period HLEMX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -13.6% -24.6% 3.3% 43.85% 3
2014 -1.8% -18.2% 60.9% 40.04% 3
2013 4.5% -14.9% 60.9% 19.18% 1
2012 27.7% -8.7% 83.1% 10.34% 1
2011 -20.8% -39.8% 2.2% 49.37% 3

NAV & Total Return History

HLEMX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

HLEMX Category Low Category High HLEMX % Rank Quintile
Net Assets 3 B 272 64.2 B 3.91% 1
Number of Holdings 80 1 4420 16.67% 4
Net Assets in Top 10 908 M 0 10.7 B 2.61% 1
Weighting of Top 10 29.9% 0.0% 176.4% 13.33% 3

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co Ltd 4.51%
  2. Samsung Electronics Co Ltd GDR 4.77%
  3. AIA Group Ltd 2.85%
  4. Tencent Holdings Ltd 4.11%
  5. Sberbank of Russia PJSC ADR 3.01%
  6. CNOOC Ltd ADR 2.04%
  7. Axis Bank Ltd 2.10%
  8. Largan Precision Co Ltd 2.29%
  9. Sands China Ltd 2.22%
  10. PJSC Lukoil ADR 2.02%

Asset Allocation

Weighting Category Low Category High HLEMX % Rank Quintile
Stocks
95.81% 0.00% 100.02% 14.49% 3
Other
2.54% -1.37% 99.34% 8.70% 2
Cash
1.65% -94.93% 100.00% 16.09% 3
Convertible Bonds
0.00% 0.00% 9.01% 0.72% 3
Preferred Stocks
0.00% 0.00% 7.87% 11.01% 4
Bonds
0.00% 0.00% 93.68% 6.52% 4

Stock Sector Breakdown

Weighting Category Low Category High HLEMX % Rank Quintile
Financial Services
28.03% 0.00% 43.33% 2.91% 1
Technology
24.20% 0.00% 37.81% 6.55% 2
Consumer Cyclical
14.22% 0.00% 31.98% 8.73% 2
Consumer Defense
7.35% 0.00% 43.19% 18.63% 4
Energy
5.41% 0.00% 23.51% 13.39% 3
Industrials
4.38% 0.00% 29.91% 20.96% 4
Communication Services
4.38% 0.00% 20.02% 13.83% 3
Healthcare
3.52% 0.00% 19.20% 12.66% 3
Basic Materials
2.59% 0.00% 15.77% 25.04% 5
Utilities
1.19% 0.00% 51.13% 20.67% 4
Real Estate
0.51% 0.00% 11.55% 22.27% 5

Stock Geographic Breakdown

Weighting Category Low Category High HLEMX % Rank Quintile
Non US
94.55% 0.00% 101.92% 14.78% 3
US
1.26% -5.38% 100.02% 9.71% 2

HLEMX - Expenses

Operational Fees

HLEMX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.45% 0.08% 935.74% 30.09% 2
Management Fee 1.13% 0.03% 2.00% 3.19% 4
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.55% N/A N/A

Sales Fees

HLEMX Fees (% of AUM) Category Low Category High HLEMX Rank Quintile
Front Load N/A 0.50% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

HLEMX Fees (% of AUM) Category Low Category High HLEMX Rank Quintile
Max Redemption Fee 2.00% 0.50% 2.00% 0.41% 4

Turnover 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.

HLEMX Fees (% of AUM) Category Low Category High HLEMX Rank Quintile
Turnover 30.00% 0.00% 947.00% 14.97% 2

HLEMX - Distributions

Dividend Yield Analysis

HLEMX Category Low Category High HLEMX % Rank Quintile
Dividend Yield 0.4% 0.00% 3.56% 11.48% 1

Dividend Distribution Analysis

HLEMX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

HLEMX Category Low Category High HLEMX % Rank Quintile
Net Income Ratio 0.57% -1.67% 5.97% 28.34% 4

Capital Gain Distribution Analysis

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

HLEMX - Managers

Craig Shaw

Lead Manager

Start Date

Dec 29, 2006

Tenure

9.85

Tenure Rank

2.0%

Craig Shaw is a Co-Lead Portfolio Manager for the Emerging Markets Equity Strategy and an analyst for the Energy sector. Craig joined Harding Loevner in 2001 and has over 25 years of industry experience. He was previously a securities analyst at ABN AMRO Securities, and has worked at Barclays de Zoete Wedd and Credit Lyonnais Securities Asia with additional experience working in Africa and Kazakhstan. Craig graduated from Concordia College with a BA in Business Administration and from American Graduate School of International Management (Thunderbird) with an MIM. Craig is a CFA Charterholder.


Richard Schmidt

Manager

Start Date

Dec 31, 2011

Tenure

4.84

Tenure Rank

5.6%

Rick Schmidt, CFA is a Portfolio Manager for the Global Equity, Emerging Markets Equity, Frontier Emerging Markets Equity, and Frontier Markets Equity Strategies, and is an analyst for the Consumer Staples and Financials sectors. Rick joined Harding Loevner in 2011 and has over 25 years of industry experience. He was previously the Chief Investment Officer for Oranda Capital Management, and has worked for JPMorgan Asset Management and Jardine Fleming Investment Management including a number of years based in Hong Kong. Rick graduated from Georgetown University with a BS in Foreign Service.


Scott Crawshaw

Manager

Start Date

Jun 30, 2014

Tenure

2.34

Tenure Rank

9.0%

Scott Crawshaw is a Portfolio Manager for the Emerging Markets Equity Strategy. Scott joined Harding Loevner in 2014 and has over 15 years of industry experience. He previously worked as a Senior Portfolio Manager of Emerging Markets Equities for Russell Investments based in London. He has also worked at ISIS Asset Management and Bacon and Woodrow in its London Investment Division. Scott graduated from the University of Bristol with a BSc in Mathematics.


Pradipta Chakrabortty

Manager

Start Date

Jan 31, 2015

Tenure

1.75

Tenure Rank

9.8%

Pradipta Chakrabortty is the Lead Portfolio Manager for both the Frontier Emerging Markets Equity and Frontier Markets Equity Strategies, a Portfolio Manager for the Emerging Markets Equity Strategy, and an analyst for frontier emerging markets. Pradipta joined Harding Loevner in 2008 and has over 20 years of industry experience. He previously worked as a summer analyst at Templeton Capital Advisors and Cornerstone Investment Partners, and has also worked in marketing and brand management for GlaxoSmithKline, Vodafone Essar, and General Mills. Pradipta graduated from BIRLA Institute of Technology & Science with a BE in Engineering and from XLRI School of Management with an MBA in Finance & Marketing. He also received an MBA in Finance from The Wharton School, University of Pennsylvania.


G. Rusty Johnson

Lead Manager

Start Date

Nov 09, 1998

Tenure

17.99

Tenure Rank

0.6%

Rusty Johnson is a Co-Lead Portfolio Manager for the Emerging Markets Equity Strategy, a Portfolio Manager for the Frontier Emerging Markets Equity Strategy, and an analyst for emerging markets. Rusty joined Harding Loevner in 1994 and has over 25 years of industry experience. He previously held positions at Jardine Fleming/Robert Fleming and Peregrine Brokerage, including working in Hong Kong and Bangkok. Rusty graduated from Washington & Lee University with a BA in Economics and is a CFA Charterholder.


Tenure Analysis

Category Low

0.0

Category High

25.1

Category Average

4.97

Category Mode

4.8