Harding Loevner International Equity Research Portfolio  (HLIRX)

Institutional

Fund Overview

Fund Overview

Share Class

Institutional

NAV | as of 10/18/2019

$11.79
-$0.02 (-0.17%)

Morningstar | Style Box

V B G L M S

Overall Morningstar Rating



Rated against 396 Foreign Large Growth funds as of 09/30/2019

View Morningstar Details

Growth of $10,000 (Hypothetical)

Since Inception 12/17/2015 to 09/30/2019 = $13,121.47

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

Why Consider

  • The Fund may be appropriate for your overall investment allocation if you are looking to gain exposure to non-US investments that are buy-rated by the Harding Loevner analysts
  • 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
Andrew West, CFA

Andrew West, CFA

Co-Lead 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 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. 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: 1.73%
  • Net Expense Ratio: 0.75%
  • Expense Cap Expiration Date: 02/28/2020

Distributions & Pricing


    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 18, 2018 $0.907055 $0.127019 $0.214285 $0.565751
      Dec 15, 2017 $0.731842 $0.139848 $0.285416 $0.306578

Risk & Return Stats

As of: 09/30/2019

View All Characteristics & Stats

Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Equity)

As of: 09/30/2019

Nomura Research Institute 1.25%
Nitori Holdings 1.22%
Compass Group 1.10%
Roche 1.09%
Allianz 1.09%
Qatar National Bank 1.08%
HomeServe 1.08%
Dentsu Group 1.06%
RUBIS 1.06%
Unilever 1.06%
% in Top 10 Holdings 11.09%
View Holding Details Read Important Investment Disclosures

Regional Allocation

As of: 09/30/2019

Investment Approach

Investment Approach

Harding Loevner International Equity Research Portfolio

The International Equity Research Portfolio invests in high-quality, growing companies outside of the United States.

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, and seeks to realize superior risk-adjusted returns.


Rebalancing International Equities: What to Know. What to Consider.

 
Given the lessons of market history, the question is not if international equities will outperform their U.S. cousins, it is when. Consistently rebalancing your portfolio is key.
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

HLEMX

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HLMOX

Harding Loevner Frontier Emerging Markets Portfolio

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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.

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HLMEX

Harding Loevner Institutional Emerging Markets Portfolio

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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

$68.8B

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