Harding Loevner Institutional Emerging Markets Portfolio  (HLMEX)

Fund Overview

Fund Overview

Share Class

Institutional I

Morningstar | Style Box

V B G L M S

NAV | as of 09/21/2017

$21.91
-$0.05 (-0.23%)

Overall Morningstar Rating



Rated against 631 Diversified Emerging Mkts funds as of 08/31/2017

View Morningstar Details

Quarterly Performance (%) |
vs. Benchmark as of 06/30/2017

Fund Inception 10/17/2005

YTD 1YR 3YR 5YR 10YR INCEP.
HLMEX 19.36 22.50 2.30 6.35 3.17 7.43
MSCI Emerging Markets Index 18.43 23.75 1.07 3.96 1.91 6.71

Expense Ratios

  • Gross Expense Ratio: 1.29%
  • Net Expense Ratio: 1.28%
  • Expense Cap Expiration Date: 02/28/2018

Read Important Investment Disclosures

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 for your overall investment allocation 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
G. Rusty Johnson, CFA

G. Rusty Johnson, CFA

Portfolio Manager, Analyst

See Our Approach Read Bio
Craig Shaw, CFA

Craig Shaw, CFA

Portfolio Manager, Analyst

See Our Approach Read Bio
Pradipta Chakrabortty

Pradipta Chakrabortty

Portfolio Manager, Analyst

See Our Approach Read Bio
Scott Crawshaw

Scott Crawshaw

Portfolio Manager, Analyst

See Our Approach Read Bio
Richard Schmidt, CFA

Richard Schmidt, CFA

Portfolio Manager, Analyst

See Our Approach Read Bio

Performance

Performance

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Returns & Distributions

as of 06/30/2017

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 18, 2015 $0.094849 $0.094849
      Dec 19, 2014 $0.125528 $0.125528
      Dec 20, 2013 $0.146805 $0.146805
      Dec 20, 2012 $0.115565 $0.115565
      Dec 19, 2011 $0.160415 $0.160415
      Dec 16, 2010 $0.043073 $0.043073
      Dec 17, 2009 $0.093000 $0.093000
      Dec 17, 2008 $0.365500 $0.365500
      Dec 13, 2007 $0.816600 $0.090200 $0.291700 $0.434700
      Dec 14, 2006 $0.018600 $0.018600
      Dec 28, 2005 $0.019600 $0.019600

Growth of $10,000 (Hypothetical)

Since Inception 10/17/2005 to 08/31/2017 = $24,750.44

  • 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.

Top Holdings (Equity)

Quarter Ending: 06/30/2017

Samsung Electronics Co Ltd GDR 5.54%
Taiwan Semiconductor Manufacturing Co Ltd 4.58%
Tencent Holdings Ltd 3.68%
AIA Group Ltd 2.71%
Sberbank of Russia ADR 2.09%
Lukoil ADR 1.87%
Maruti Suzuki India 1.84%
Grupo Financiero Banorte SAB de CV 1.83%
Bank Rakyat Indonesia Persero Tbk PT 1.80%
Axis Bank Ltd 1.79%
% in Top 10 Holdings 27.73%
View Holding Details Read Important Investment Disclosures

MPT Stats

Month Ending: 08/31/2017

View All Characteristics & Stats

Regional Allocation

Quarter Ending: 06/30/2017

Investment Approach

Investment Approach

Harding Loevner Institutional Emerging Markets Portfolio

The Institutional 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. G. Rusty Johnson, CFA and Mr. Craig Shaw, CFA are the Co-Lead Portfolio Managers.

Time to Rebalance International Equities?

Diversified investors may be frustrated by the underperformance of their international equity returns relative to their domestic equity returns over the last seven years.
Read Full Perspective

Market View: Global Markets Heading into 2017

Scott Crawshaw, Portfolio Manager at Harding Loevner, discusses recent impacts of the Trump election and considers global markets heading into 2017.
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

HLEMX

Harding Loevner Emerging Markets Portfolio

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

View Fund Details

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


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

Founded

1989


Headquarters

Bridgewater, NJ


Affiliate Since

2009


AUM

$54.1B

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Overall Morningstar Rating

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★★★

GWMIX
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Fund Detail Read Important Investment Disclosures

ADLIX

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Fund Detail Read Important Investment Disclosures

ARDEX

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★★★★

ARDEX
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