Harding Loevner Emerging Markets Portfolio  (HLEMX)

Advisor

Fund Notice

Shares may not be available for purchase by all investors. If you are purchasing shares of the Portfolio through a financial intermediary, please consult with an appropriate representative to confirm your eligibility to invest. For more information, please review the Prospectus.

Fund Overview

Fund Overview

Share Class

Advisor

NAV | as of 12/11/2019

$56.97
+$0.64 (+1.14%)

Morningstar | Style Box

V B G L M S

Overall Morningstar Rating



Rated against 706 Diversified Emerging Mkts funds as of 11/30/2019

View Morningstar Details

Growth of $10,000 (Hypothetical)

Since Inception 11/09/1998 to 11/30/2019 = $80,082.05

  • 3YR
  • 5YR
  • 10YR
  • INCEP.
INCEP.
  • 3YR
  • 5YR
  • 10YR
  • INCEP.

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end please call 800.835.3879 or visit our website at amgfunds.com. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. Performance Data shown does not reflect the 2.00% redemption fee imposed on the shares held 90 days or less; otherwise, total returns would be reduced.

Objective

The Portfolio seeks long-term capital appreciation through investments in equity securities of companies based in emerging markets.

Why Consider

  • The Fund may be appropriate if you are looking to gain exposure to emerging market equity investments
  • Harding Loevner monitors and manages risk at the security, portfolio and enterprise levels
  • The Firm's extensive experience and structured research process has led to consistent execution of the high quality, growth investment philosophy

Documents

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G. Rusty Johnson, CFA

G. Rusty Johnson, CFA

Portfolio Manager

See Our Approach Read Bio
Craig Shaw, CFA

Craig Shaw, CFA

Co-Lead Portfolio Manager

See Our Approach Read Bio
Pradipta Chakrabortty

Pradipta Chakrabortty

Portfolio Manager

See Our Approach Read Bio
Scott Crawshaw

Scott Crawshaw

Co-Lead Portfolio Manager

See Our Approach Read Bio
Richard Schmidt, CFA

Richard Schmidt, CFA

Portfolio Manager

See Our Approach Read Bio

Performance

Performance

Read Important Investment Disclosures

Returns

 

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end please call 800.835.3879 or visit our website at amgfunds.com. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. Performance Data shown does not reflect the 2.00% redemption fee imposed on the shares held 90 days or less; otherwise, total returns would be reduced.

Expense Ratios

  • Gross Expense Ratio: 1.40%
  • Net Expense Ratio: 1.40%
  • Expense Cap Expiration Date: N/A

Distributions & Pricing


    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 18, 2018 $0.423189 $0.423189
      Dec 15, 2017 $0.429481 $0.403394 $0.026087
      Dec 18, 2015 $0.217705 $0.216713 $0.000992
      Dec 19, 2014 $2.318925 $0.385608 $1.933317
      Dec 20, 2013 $1.688078 $0.402577 $1.285501
      Dec 20, 2012 $3.505500 $0.357407 $3.148093
      Dec 19, 2011 $0.345292 $0.345292
      Dec 16, 2010 $0.202558 $0.202558
      Dec 17, 2009 $0.126300 $0.126300
      Dec 17, 2008 $1.027700 $1.027700
      Dec 13, 2007 $3.399600 $0.118500 $0.444500 $2.836600
      Dec 14, 2006 $0.023600 $0.023600
      Dec 28, 2005 $0.141700 $0.086400 $0.055300
      Dec 27, 2004 $0.443200 $0.023600 $0.419600
      Dec 26, 2003 $0.037800 $0.037800
      Dec 26, 2001 $0.010400 $0.010400
      Dec 31, 1999 $0.533900 $0.024900 $0.509000

Risk & Return Stats

As of: 11/30/2019

View All Characteristics & Stats

Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Equity)

As of: 09/30/2019

TSMC 5.23%
Samsung Electronics 4.70%
Tencent 4.31%
Alibaba Group Holding 4.25%
Lukoil 2.68%
Novatek 2.67%
AIA Group 2.63%
Sberbank 2.62%
Housing Development Finance Co 2.45%
ENN Energy 2.22%
% in Top 10 Holdings 33.76%
View Holding Details Read Important Investment Disclosures

Regional Allocation

As of: 09/30/2019

Investment Approach

Investment Approach

Harding Loevner Emerging Markets Portfolio

The Emerging Markets Portfolio invests in high-quality, growing companies that operate in emerging markets and, to a lesser extent, frontier markets.

Following a disciplined investment process focused on collaborative yet accountable decision-making, analysts study global industries to understand their competitive structures, assess the long-term risks and fair values of their constituent companies, and recommend those with high fundamental business quality and durable growth prospects. The Fund's diversified portfolio is built from the bottom-up using Harding Loevner’s distinctive Co-Lead Manager structure, and seeks to realize superior risk-adjusted returns. Mr. Scott Crawshaw and Mr. Craig Shaw, CFA are the Co-Lead Portfolio Managers.


Equity Style Analysis: Growth vs. Value

 
Recent Equity growth style outperformance may be testing the resolve many investors have to remain diversified. Although it is nearly impossible to predict when and to what extent these performance and valuation trends will reverse themselves, historically they have. Rather than try to predict future trends, investors should consider remaining diversified over the long term.
Read Full Perspective

Harding Loevner: Disciplined Quality Growth Investors

 
Simon Hallett, CFA, Co-Chief Investment Officer, discusses Harding Loevner’s investment philosophy, team culture and structured approach to growth investing.
Watch Video More About Harding Loevner

About

About Harding Loevner

Background

Harding Loevner manages global and non-U.S. equity portfolios following a consistent philosophy focused on long-term investment in growing companies with high-quality fundamentals. The Firm believes diversified portfolios of the stocks of companies meeting its quality-growth criteria, purchased at reasonable prices, offer superior risk-adjusted returns over the long term.

Learn More

More Funds From Harding Loevner

HLMOX

Harding Loevner Frontier Emerging Markets Portfolio

The Portfolio seeks long-term capital appreciation through investments in equity securities of companies based in frontier and smaller emerging markets.

View Fund Details

HLMGX

Harding Loevner Global Equity Portfolio

The Portfolio seeks long-term capital appreciation through investments in equity securities of companies based both inside and outside the United States.

View Fund Details

HLMEX

Harding Loevner Institutional Emerging Markets Portfolio

The Portfolio seeks long-term capital appreciation through investments in equity securities of companies based in emerging markets.

View Fund Details

HLMNX

Harding Loevner International Equity Portfolio

The Portfolio seeks long-term capital appreciation through investments in equity securities of companies based outside the United States.

View Fund Details

HLMSX

Harding Loevner International Small Companies Portfolio

The Portfolio seeks long-term capital appreciation through investments in equity securities of small companies based outside the United States.

View Fund Details

HLIRX

Harding Loevner International Equity Research Portfolio

The Fund seeks long-term capital appreciation through investments in equity securities of companies based outside the United States.

View Fund Details

Founded

1989


Headquarters

Bridgewater, NJ


Affiliate Since

2009


AUM

$68.8B

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