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HLEMX Harding Loevner Emerging Markets Advisor

  • Fund
  • HLEMX
  • Price as of: May 23, 2019
  • $51.48 - $0.90 - 1.72%
  • Category
  • Emerging Markets Equities

HLEMX - Profile

Vitals

  • YTD Return 7.9%
  • 3 Yr Annualized Return 7.7%
  • 5 Yr Annualized Return -0.2%
  • Net Assets $4.25 B
  • Holdings in Top 10 30.9%

52 WEEK LOW AND HIGH

$51.48
$46.32
$60.36

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.40%

SALES FEES

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

BROKERAGE FEES

  • Turnover 24.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

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 7.9%
  • 3 Yr Annualized Total Return 8.5%
  • 5 Yr Annualized Total Return 1.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.73%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 G. Rusty Johnson

HLEMX - Performance

Return Ranking - Trailing

Period HLEMX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.9% -1.1% 20.3% 11.00%
1 Yr -13.0% -37.4% 2.5% 39.84%
3 Yr 7.7%* -7.9% 57.4% 27.79%
5 Yr -0.2%* -19.5% 24.5% 37.34%
10 Yr 4.6%* -8.0% 13.8% 30.35%

* Annualized


Return Ranking - Calendar

Period HLEMX Return Category Return Low Category Return High Rank in Category (%)
2018 -19.4% -41.9% 0.0% 58.78%
2017 34.2% 1.8% 49.7% 50.79%
2016 12.5% -23.2% 241.4% 11.76%
2015 -14.0% -47.4% -0.6% 45.23%
2014 -6.5% -46.3% 42.6% 67.88%

Total Return Ranking - Trailing

Period HLEMX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.9% -1.1% 20.3% 11.00%
1 Yr -12.2% -37.4% 3.9% 39.45%
3 Yr 8.5%* -4.4% 61.9% 27.79%
5 Yr 1.4%* -19.5% 28.4% 23.44%
10 Yr 6.7%* -8.0% 18.3% 15.92%

* Annualized


Total Return Ranking - Calendar

Period HLEMX Return Category Return Low Category Return High Rank in Category (%)
2018 -18.7% -41.9% 0.0% 57.40%
2017 35.2% 1.8% 50.4% 50.20%
2016 13.2% -10.0% 249.7% 14.20%
2015 -13.6% -33.4% 1.2% 44.42%
2014 -1.6% -46.2% 48.2% 33.71%

NAV & Total Return History

HLEMX - Holdings

Concentration Analysis

HLEMX Category Low Category High HLEMX % Rank
Net Assets 4.25 B 5.4 M 89.1 B 11.39%
Number of Holdings 81 2 5041 69.94%
Net Assets in Top 10 1.17 B 691 K 16.9 B 11.00%
Weighting of Top 10 30.89% 3.7% 539.2% 46.56%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co Ltd 4.64%

  2. Tencent Holdings Ltd 4.22%

  3. Alibaba Group Holding Ltd ADR 3.84%

  4. Samsung Electronics Co Ltd GDR 3.59%

  5. PJSC Lukoil ADR 2.83%

  6. AIA Group Ltd 2.63%

  7. Sberbank of Russia PJSC ADR 2.40%

  8. EPAM Systems Inc 2.30%

  9. LG Household & Health Care Ltd 2.24%

  10. NOVATEK PJSC GDR 2.21%


Asset Allocation

Weighting Return Low Return High HLEMX % Rank
Stocks
98.47% 0.00% 101.93% 34.77%
Cash
1.53% -4.59% 20.55% 58.15%
Preferred Stocks
0.00% 0.00% 3.64% 75.64%
Other
0.00% -1.11% 19.82% 80.35%
Convertible Bonds
0.00% 0.00% 19.24% 72.89%
Bonds
0.00% -13.31% 93.46% 75.83%

Stock Sector Breakdown

Weighting Return Low Return High HLEMX % Rank
Financial Services
27.99% 0.00% 51.75% 18.70%
Technology
25.02% 0.00% 35.12% 25.00%
Consumer Cyclical
13.67% 0.00% 33.57% 35.04%
Industrials
9.97% 0.00% 14.62% 10.43%
Energy
9.03% 0.00% 24.54% 13.39%
Consumer Defense
7.85% 0.00% 42.35% 51.38%
Utilities
2.03% 0.00% 53.06% 39.96%
Healthcare
1.12% 0.00% 14.71% 77.56%
Communication Services
1.04% 0.00% 19.11% 70.47%
Real Estate
0.76% 0.00% 11.64% 79.53%
Basic Materials
0.00% 0.00% 16.30% 98.03%

Stock Geographic Breakdown

Weighting Return Low Return High HLEMX % Rank
Non US
94.86% 0.00% 102.37% 64.05%
US
3.61% -1.90% 100.31% 11.00%

HLEMX - Expenses

Operational Fees

HLEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.40% 0.05% 13.96% 58.15%
Management Fee 1.12% 0.00% 2.00% 80.55%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

HLEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.40% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

HLEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.40% 2.00% 49.71%

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 Return Low Category Return High Rank in Category (%)
Turnover 24.00% 2.00% 238.00% 23.97%

HLEMX - Distributions

Dividend Yield Analysis

HLEMX Category Low Category High HLEMX % Rank
Dividend Yield 0.01% 0.00% 0.20% 55.01%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

HLEMX Category Low Category High HLEMX % Rank
Net Income Ratio 0.73% -1.57% 5.89% 62.48%

Capital Gain Distribution Analysis

HLEMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

HLEMX - Managers

G. Rusty Johnson

Manager

Start Date

Tenure

Tenure Rank

Nov 09, 1998

20.48

20.5%

G. Rusty Johnson, CFA has been a portfolio manager since 1998, and an analyst since 1994. As an analyst, he focuses on emerging markets companies. He graduated from Washington and Lee University in 1986. He also studied at Fu Jen University in Taiwan and Chinese University in Hong Kong. Mr. Johnson joined Harding Loevner in 1994. Mr. Johnson serves as a portfolio manager for the Institutional Emerging Markets Portfolio and Emerging Markets Portfolio.


Craig Shaw

Manager

Start Date

Tenure

Tenure Rank

Dec 29, 2006

12.34

12.3%

Mr. Craig Shaw, is a Co-lead Portfolio Manager of Harding Loevner’s portion of the Fund. Mr. Shaw, Portfolio Manager, Analyst and Partner, has worked for Harding Loevner since 2001. Previous to his current position, Mr. Shaw was a Consultant in the capital markets and accounting areas from 1999 to 2000 and a Security Analyst with ABN AMRO Securities from 1996 to 1997. Mr. Shaw also worked for Barclays de Zoete Wedd, Credit Lyonnais Securities Asia and Parker Drilling Company in various analytic roles. Mr. Shaw received his BA in Business Administration from Concordia College in 1986 and MIM from American Graduate School of International Management (Thunderbird) in 1989.


Richard Schmidt

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2011

7.33

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

Manager

Start Date

Tenure

Tenure Rank

Jun 30, 2014

4.84

4.8%

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.


Pradipta Chakrabortty

Manager

Start Date

Tenure

Tenure Rank

Jan 31, 2015

4.25

4.3%

Pradipta Chakrabortty has been a portfolio manager and an analyst since 2008. As an analyst, he focuses on frontier emerging market companies. Mr. Chakrabortty graduated from BIRLA Institute of Technology & Science (Pilani, India) in 1994, received an MBA in Finance and Marketing from XLRI School of Management (Jamshedpur, India) in 1998, and received an MBA in Finance from University of Pennsylvania, the Wharton School, in 2008. He joined Harding Loevner in 2008. Mr. Chakrabortty serves as a co-lead portfolio manager for the Frontier Emerging Markets Portfolio and as a portfolio manager for the Institutional Emerging Markets Portfolio and Emerging Markets Portfolio.


Tenure Analysis

Category Low

0.0

Category High

25.41

Category Average

6.26

Category Mode

5.24