Harding Loevner Global Equity Portfolio  (HLMGX)

Fund Overview

Fund Overview

Share Class

Morningstar | Style Box

V B G L M S

NAV | as of 12/12/2018

$35.00
+$0.48 (+1.39%)

Overall Morningstar Rating



Rated against 735 World Large Stock funds as of 10/31/2018

View Morningstar Details

Quarterly Performance (%) |
vs. Benchmark as of 09/30/2018

Fund Inception 12/01/1996

YTD 1YR 3YR 5YR 10YR INCEP.
HLMGX 6.16 13.21 16.36 11.09 9.94 7.47
MSCI All Country World Index (ACWI) 3.83 9.77 13.40 8.67 8.19 -
View Monthly & Quarterly Performance Details

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: 1.14%
  • Net Expense Ratio: 1.14%
  • Expense Cap Expiration Date: N/A

Read Important Investment Disclosures

Objective

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

Why Consider

  • The Fund may be appropriate for your overall investment allocation if you are looking to gain exposure to global 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
Peter Baughan, CFA

Peter Baughan, CFA

Portfolio Manager, Analyst

See Our Approach Read Bio
Christopher Mack, CFA

Christopher Mack, CFA

Portfolio Manager, Analyst

See Our Approach Read Bio
Ferrill Roll, CFA

Ferrill Roll, CFA

Co-Chief Investment Officer, 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 09/30/2018

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 15, 2017 $5.095894 $0.077030 $0.493488 $4.525376
      Dec 18, 2015 $0.864333 $0.027876 $0.836457
      Dec 19, 2014 $1.263973 $0.032773 $1.231200
      Dec 20, 2013 $0.199558 $0.072522 $0.002330 $0.124706
      Dec 20, 2012 $0.048237 $0.048237
      Dec 19, 2011 $0.265658 $0.045752 $0.219906
      Dec 16, 2010 $0.168310 $0.006914 $0.161396
      Dec 17, 2009 $0.042000 $0.042000
      Dec 17, 2008 $0.087300 $0.087300
      Dec 13, 2007 $2.078700 $0.083400 $0.058600 $1.936700
      Dec 14, 2006 $1.873000 $0.076600 $1.796400
      Dec 28, 2005 $0.542400 $0.061100 $0.481300
      Dec 27, 2004 $0.022400 $0.022400
      Dec 26, 2003 $0.065400 $0.065400
      Dec 26, 2002 $0.034600 $0.034600
      Dec 26, 2001 $0.063200 $0.004300 $0.058900
      Dec 31, 1999 $2.109100 $0.161100 $1.571000 $0.377000
      Dec 31, 1997 $2.189100 $0.245600 $0.634300 $1.309200
      Dec 31, 1996 $0.012700 $0.012700

Growth of $10,000 (Hypothetical)

Since Inception 12/01/1996 to 11/30/2018 = $41,515.17

  • 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.

Top Holdings (Equity)

As of: 09/30/2018

PayPal 3.56%
Lonza Group 3.32%
Roper 2.98%
AIA Group 2.52%
First Republic Bank 2.47%
Booking Holdings 2.42%
Verisk Analytics 2.41%
Symrise 2.39%
Tencent Holdings 2.23%
MasterCard 1.89%
% in Top 10 Holdings 26.19%
View Holding Details Read Important Investment Disclosures

MPT Stats

As of: 11/30/2018

View All Characteristics & Stats

Regional Allocation

As of: 09/30/2018

Investment Approach

Investment Approach

Harding Loevner Global Equity Portfolio

The Global Equity Portfolio invests in high-quality, growing companies in and outside the United States. Its investment universe includes developed and emerging 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 for clients. Mr. Peter Baughan, CFA and Mr. Ferrill Roll, CFA are the Co-Lead Portfolio Managers.


Market View: Global Markets, 2nd Half of 2017

Simon Hallett, CFA, Co-Chief Investment Officer at Harding Loevner, reflects on current challenges and opportunities for global investors.
Watch Video More About Harding Loevner

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

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HLEMX

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HLMOX

Harding Loevner Frontier Emerging Markets Portfolio

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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.

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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

$64.9B

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