HLMIX: Harding Loevner International Eq Instl

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HLMIX Harding Loevner International Eq Instl


Profile

HLMIX - Profile

Vitals

  • YTD Return -0.3%
  • 3 Yr Annualized Return 3.7%
  • 5 Yr Annualized Return 4.9%
  • Net Assets $15.3 B
  • Holdings in Top 10 32.3%

52 WEEK LOW AND HIGH

$23.72
$16.92
$24.34

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.81%

SALES FEES

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

BROKERAGE FEES

  • Turnover 30.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $100,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -0.3%
  • 3 Yr Annualized Total Return 4.8%
  • 5 Yr Annualized Total Return 6.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.35%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Harding Loevner International Equity Portfolio
  • Fund Family Name
    Harding Loevner
  • Inception Date
    May 11, 1994
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ferrill Roll

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.


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Categories

Performance

HLMIX - Performance

Return Ranking - Trailing

Period HLMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -44.2% 43.6% 64.26%
1 Yr 5.7% -42.5% 63.3% 60.57%
3 Yr 3.7%* -14.3% 29.5% 43.31%
5 Yr 4.9%* -9.3% 18.6% 31.16%
10 Yr 6.2%* 0.1% 12.7% 24.89%

* Annualized

Return Ranking - Calendar

Period HLMIX Return Category Return Low Category Return High Rank in Category (%)
2019 23.3% -4.0% 45.1% 69.51%
2018 -15.2% -32.2% 68.4% 31.37%
2017 27.8% 0.0% 50.9% 48.70%
2016 4.3% -12.2% 5.7% 3.13%
2015 -2.6% -16.3% 8.1% 77.88%

Total Return Ranking - Trailing

Period HLMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -44.2% 43.6% 64.26%
1 Yr 5.7% -42.5% 63.3% 60.78%
3 Yr 4.8%* -13.4% 29.5% 44.28%
5 Yr 6.0%* -8.5% 18.6% 28.49%
10 Yr 7.2%* 1.3% 14.5% 28.69%

* Annualized

Total Return Ranking - Calendar

Period HLMIX Return Category Return Low Category Return High Rank in Category (%)
2019 23.3% -4.0% 45.1% 69.73%
2018 -14.0% -32.2% 68.4% 30.90%
2017 29.9% 0.0% 53.4% 51.81%
2016 5.3% -12.2% 8.0% 3.98%
2015 -1.6% -15.1% 11.4% 76.92%

NAV & Total Return History


Holdings

HLMIX - Holdings

Concentration Analysis

HLMIX Category Low Category High HLMIX % Rank
Net Assets 15.3 B 10 153 B 5.93%
Number of Holdings 63 6 1011 60.08%
Net Assets in Top 10 4.39 B 698 K 24.5 B 6.79%
Weighting of Top 10 32.34% 12.5% 99.1% 39.30%

Top 10 Holdings

  1. Nestle SA ADR 4.30%
  2. Roche Holding AG Dividend Right Cert. 3.85%
  3. AIA Group Ltd 3.50%
  4. Taiwan Semiconductor Manufacturing Co Ltd ADR 3.49%
  5. L'Oreal SA 3.22%
  6. SAP SE ADR 3.06%
  7. Atlas Copco AB A 3.05%
  8. Unicharm Corp 2.70%
  9. Allianz SE 2.61%
  10. Lonza Group Ltd 2.54%

Asset Allocation

Weighting Return Low Return High HLMIX % Rank
Stocks
98.84% 55.12% 104.23% 16.60%
Cash
1.16% -5.87% 19.94% 81.69%
Preferred Stocks
0.00% 0.00% 0.24% 78.19%
Other
0.00% -4.40% 7.25% 79.42%
Convertible Bonds
0.00% 0.00% 1.80% 77.37%
Bonds
0.00% 0.00% 39.79% 78.07%

Stock Sector Breakdown

Weighting Return Low Return High HLMIX % Rank
Technology
21.09% 0.11% 38.66% 28.60%
Consumer Defense
16.85% 1.43% 38.67% 18.31%
Financial Services
15.62% 0.00% 30.66% 34.57%
Industrials
14.10% 0.00% 25.14% 34.98%
Healthcare
12.80% 3.55% 42.36% 75.72%
Basic Materials
7.28% 0.00% 16.11% 13.79%
Communication Services
6.42% 0.00% 28.30% 62.76%
Energy
3.20% 0.00% 8.56% 17.90%
Consumer Cyclical
2.65% 2.07% 49.84% 97.74%
Utilities
0.00% 0.00% 15.08% 88.89%
Real Estate
0.00% 0.00% 12.59% 89.30%

Stock Geographic Breakdown

Weighting Return Low Return High HLMIX % Rank
Non US
98.59% 51.52% 103.95% 4.12%
US
0.25% 0.00% 20.60% 91.77%

Expenses

HLMIX - Expenses

Operational Fees

HLMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.81% 0.01% 55.61% 82.71%
Management Fee 0.67% 0.00% 1.50% 34.56%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

HLMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.21% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

HLMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.10% 2.00% 54.90%

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.

HLMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 30.00% 4.00% 151.99% 39.59%

Distributions

HLMIX - Distributions

Dividend Yield Analysis

HLMIX Category Low Category High HLMIX % Rank
Dividend Yield 0.00% 0.00% 7.05% 78.53%

Dividend Distribution Analysis

HLMIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

HLMIX Category Low Category High HLMIX % Rank
Net Income Ratio 1.35% -1.17% 3.11% 27.41%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

HLMIX - Fund Manager Analysis

Managers

Ferrill Roll


Start Date

Tenure

Tenure Rank

Oct 31, 2004

15.67

15.7%

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


Start Date

Tenure

Tenure Rank

Jun 30, 2014

6.01

6.0%

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


Start Date

Tenure

Tenure Rank

Jun 30, 2014

6.01

6.0%

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


Start Date

Tenure

Tenure Rank

Jan 03, 2017

3.49

3.5%

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


Start Date

Tenure

Tenure Rank

Jan 02, 2018

2.49

2.5%

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 Category High Category Average Category Mode
0.12 25.77 7.34 17.59