HLIZX: Harding Loevner International Eq Instl Z

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HLIZX Harding Loevner International Eq Instl Z

  • Fund
  • HLIZX
  • Price as of: Oct 18, 2019
  • $22.19 - $0.02 - 0.09%

HLIZX - Profile

Vitals

  • YTD Return 15.0%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $15.7 B
  • Holdings in Top 10 30.6%

52 WEEK LOW AND HIGH

$22.19
$18.70
$22.82

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.74%

SALES FEES

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

BROKERAGE FEES

  • Turnover 10.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$10,000,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Foreign Large Growth

Distributions

  • YTD Total Return 15.0%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.77%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Harding Loevner International Equity Portfolio
  • Fund Family Name Harding Loevner
  • Inception Date Jul 17, 2017
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Alexander T. Walsh

Fund Description

The fund invests in companies based in developed markets outside the U.S. as well as in companies in emerging and frontier markets. It normally invests 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 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. The fund normally holds investments across at least 15 countries.

HLIZX - Performance

Return Ranking - Trailing

Period HLIZX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.0% -9.8% 26.9% 83.26%
1 Yr 4.1% -13.3% 19.7% 55.16%
3 Yr N/A* -2.9% 34.2% N/A
5 Yr N/A* -2.8% 20.8% N/A
10 Yr N/A* -0.8% 10.6% N/A

* Annualized


Return Ranking - Calendar

Period HLIZX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.3% -32.2% 68.4% 31.80%
2017 N/A 0.0% 50.9% N/A
2016 N/A -12.2% 5.7% N/A
2015 N/A -16.3% 8.1% N/A
2014 N/A -23.5% 7.5% N/A

Total Return Ranking - Trailing

Period HLIZX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.0% -9.8% 26.9% 83.26%
1 Yr 5.8% -13.3% 19.7% 53.63%
3 Yr N/A* 0.0% 34.2% N/A
5 Yr N/A* -1.7% 20.8% N/A
10 Yr N/A* 1.6% 10.5% N/A

* Annualized


Total Return Ranking - Calendar

Period HLIZX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.9% -32.2% 68.4% 29.95%
2017 N/A 0.0% 53.4% N/A
2016 N/A -12.2% 8.0% N/A
2015 N/A -15.1% 11.4% N/A
2014 N/A -17.7% 7.5% N/A

NAV & Total Return History

HLIZX - Holdings

Concentration Analysis

HLIZX Category Low Category High HLIZX % Rank
Net Assets 15.7 B 10 158 B 6.72%
Number of Holdings 63 27 1229 61.55%
Net Assets in Top 10 4.81 B 800 K 33.2 B 6.93%
Weighting of Top 10 30.64% 7.0% 83.3% 35.92%

Top 10 Holdings

  1. Nestle SA ADR 3.98%

  2. Roche Holding AG Dividend Right Cert. 3.80%

  3. AIA Group Ltd 3.21%

  4. Allianz SE 3.10%

  5. L'Oreal SA 3.03%

  6. Taiwan Semiconductor Manufacturing Co Ltd ADR 2.94%

  7. SAP SE ADR 2.87%

  8. Check Point Software Technologies Ltd 2.61%

  9. DBS Group Holdings Ltd 2.61%

  10. Infineon Technologies AG 2.48%


Asset Allocation

Weighting Return Low Return High HLIZX % Rank
Stocks
94.98% 74.08% 100.00% 76.89%
Cash
5.02% -3.68% 25.91% 18.70%
Preferred Stocks
0.00% 0.00% 4.20% 99.58%
Other
0.00% -0.02% 6.16% 94.96%
Convertible Bonds
0.00% 0.00% 0.00% 99.58%
Bonds
0.00% 0.00% 0.11% 99.58%

Stock Sector Breakdown

Weighting Return Low Return High HLIZX % Rank
Technology
24.65% 4.33% 40.01% 9.24%
Financial Services
17.99% 0.00% 30.22% 24.16%
Consumer Defense
15.36% 1.57% 57.39% 31.93%
Industrials
11.06% 1.09% 23.69% 71.64%
Healthcare
10.25% 0.00% 26.86% 64.29%
Basic Materials
6.59% 0.00% 14.81% 30.88%
Energy
4.76% 0.00% 8.83% 15.76%
Consumer Cyclical
2.89% 2.47% 47.56% 97.90%
Communication Services
1.44% 0.00% 14.53% 38.87%
Utilities
0.00% 0.00% 16.31% 99.79%
Real Estate
0.00% 0.00% 16.58% 99.79%

Stock Geographic Breakdown

Weighting Return Low Return High HLIZX % Rank
Non US
91.12% 69.69% 99.66% 38.66%
US
3.86% 0.00% 23.55% 74.79%

HLIZX - Expenses

Operational Fees

HLIZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.74% 0.00% 55.61% 87.64%
Management Fee 0.67% 0.00% 1.50% 30.67%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.40% N/A

Sales Fees

HLIZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

HLIZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.10% 2.00% 49.67%

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.

HLIZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 10.00% 0.00% 207.22% 6.87%

HLIZX - Distributions

Dividend Yield Analysis

HLIZX Category Low Category High HLIZX % Rank
Dividend Yield 1.39% 0.00% 3.24% 11.13%

Dividend Distribution Analysis

HLIZX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Annually Annually

Dividend Payout History


Net Income Ratio Analysis

HLIZX Category Low Category High HLIZX % Rank
Net Income Ratio 1.77% -46.00% 2.72% 4.19%

Capital Gain Distribution Analysis

HLIZX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

HLIZX - Managers

Alexander T. Walsh

Manager

Start Date

Tenure

Tenure Rank

Jan 31, 2001

18.67

18.7%

Alexander Walsh, CFA is a co-lead portfolio manager of the International Equity strategy and an analyst of the Health Care sector. Alec joined Harding Loevner in 1994 and is a Partner at the firm. From 1979 through 1982, he worked in money market trading and operations for J. Henry Schroder Bank & Trust Co., New York. He joined Merrill Lynch, New York in 1982 as an account executive. In 1987, Alec moved to Paine Webber, where he built an institutional equity clientele comprising Fortune 100 accounts and investment advisers. Promoted to First Vice President in 1992, he remained with the firm until joining Harding Loevner. Alec is a graduate of McGill University (1978) with a degree in North American Studies and is a CFA Charterholder.


Ferrill Roll

Manager

Start Date

Tenure

Tenure Rank

Oct 31, 2004

14.92

14.9%

Ferrill Roll, CFA is Co-CIO to the firm, as well as a co-lead PM of the Global & International Equity strategies, and a Financials analyst. He joined the firm in 1996 and is a Partner. Ferrill has extensive experience, including serving as general partner of Cesar Montemayor Capital, LP, a global investment partnership investing in fixed income, currency, and equity markets. Ferrill began his career at JP Morgan. He graduated from Stanford University (1980) with a degree in Economics and is a CFA Charterholder.


Bryan Lloyd

Manager

Start Date

Tenure

Tenure Rank

Jun 30, 2014

5.25

5.3%

Bryan Lloyd is a portfolio manager of the International Equity strategy and a Financials analyst. He is a Partner of the firm and has over 21 years of industry experience. He joined Harding Loevner in 2011 after seven years at Calamos Asset Management. While at Calamos, Bryan served as vice president/senior analyst of financial services and prior to that held the position of research analyst. From 1999–2003, he worked at Credit Suisse First Boston as an associate in equity research. Earlier in his career, he served as a credit analyst at ABN AMRO Bank and as a financial analyst at M&T Bank. He is a graduate of Lafayette College with a BA in Mathematics and Economics and is a CFA® charterholder.


Andrew West

Manager

Start Date

Tenure

Tenure Rank

Jun 30, 2014

5.25

5.3%

Andrew West is the manager of research, a portfolio manager of the International Equity, International Equity Research, Global Equity Research, and Emerging Markets Research strategies, and a Consumer Discretionary and Industrials analyst. As manager of research, Andrew is responsible for monitoring and supporting the quality and consistency of analyst output. He is a Partner of the firm and has over 25 years of industry experience. Prior to joining Harding Loevner in 2006, Andrew worked at Standard & Poor’s Equity Research, Veitia & Associates, and International Assets Advisory Corp. Andrew holds a BS in Business Administration/Finance from the University of Central Florida and an MBA in Finance and International Business from the New York University Leonard N. Stern School of Business. He is also a CFA® charterholder.


Patrick Todd

Manager

Start Date

Tenure

Tenure Rank

Jan 03, 2017

2.74

2.7%

Patrick Todd is a portfolio manager of the International Equity strategy and a Health Care and Real Estate analyst. Patrick joined Harding Loevner in 2012 and has over 11 years of industry experience. He previously worked at Gabelli & Company as a research analyst, Ironbound Capital as a research analyst, and Merrill Lynch Investment Managers as a portfolio specialist. Patrick holds a BA in Biochemical Sciences from Harvard University and an MBA in Applied Value Investing from Columbia Business School. He is also a CFA® charterholder.


Scott Crawshaw

Manager

Start Date

Tenure

Tenure Rank

Jan 02, 2018

1.74

1.7%

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.


Tenure Analysis

Category Low

0.0

Category High

25.02

Category Average

7.27

Category Mode

5.33