Harding Loevner Institutional Emerging Markets Portfolio  (HLMEX)

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

Institutional

NAV | as of 12/01/2020

$24.13
+$0.55 (+2.33%)

Morningstar | Style Box

V B G L M S

Overall Morningstar Rating


Rated against 697 Diversified Emerging Mkts funds as of 10/31/2020

View Morningstar Details

Morningstar Analyst Rating

as of 5/4/2020

Download Analyst Rating Report

Growth of $10,000 (Hypothetical)

Since Inception 10/17/2005 to 10/31/2020 = $23,284.39

  • 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 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
Craig Shaw, CFA

Craig Shaw, CFA

Co-Lead Portfolio Manager

See Our Approach Read Bio
Scott Crawshaw

Scott Crawshaw

Co-Lead Portfolio Manager

See Our Approach Read Bio
Pradipta Chakrabortty

Pradipta Chakrabortty

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: 1.27%
  • Net Expense Ratio: 1.17%
  • Expense Cap Expiration Date: 02/28/2021

Distributions & Pricing


    • Calendar Year Distributions

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 17, 2019 $0.330523 $0.330523
      Dec 18, 2018 $0.178619 $0.178619
      Dec 15, 2017 $0.172910 $0.172910
      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

Risk & Return Stats

As of: 10/31/2020

View All Characteristics & Stats

Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Equity)

As of: 09/30/2020

Alibaba 6.03%
TSMC 5.83%
Samsung Electronics 5.67%
Tencent 5.20%
EPAM Systems 3.50%
LG Household & Health Care 2.72%
AIA Group 2.64%
Tata Consultancy Services 2.28%
Sberbank 2.06%
Techtronic 2.00%
% in Top 10 Holdings 37.93%
View Holding Details Read Important Investment Disclosures

Regional Allocation

As of: 09/30/2020

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. Scott Crawshaw and Mr. Craig Shaw, CFA are the Co-Lead Portfolio Managers.


A World of Opportunity: Surveying the Global Equity Investing Landscape

 
The vast size of the global investment universe offers diversification possibilities in both non-U.S. developed, emerging, and frontier markets equities. While it is impossible to predict next year’s out-performers, investors who diversify globally may be well positioned to achieve their long-term goals.
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

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

HLREX

Harding Loevner Emerging Markets Research Portfolio

The Emerging Markets Research 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

HLRGX

Harding Loevner Global Equity Research Portfolio

The Fund 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

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

Funds to Consider

ARDEX

River Road Dividend All Cap Value Fund

Seeks to provide high current income and, secondarily, long-term capital appreciation by investing primarily in a diversified, all cap portfolio of income producing equity securities.


Overall Morningstar Rating

Rated against 1124 Large Value funds as of 10/31/2020
★★

ARDEX
Russell 3000® Value Index

Quarterly performance (%) data as of 09/30/2020

Fund Detail Read Important Investment Disclosures

YAFFX

Yacktman Focused Fund

The Fund seeks long-term capital appreciation and, to a lesser extent, current income by primarily investing in common stocks of U.S. companies.


Overall Morningstar Rating

Rated against 1124 Large Value funds as of 10/31/2020
★★★★★

YAFFX
Russell 1000® Value Index
S&P 500® Index

Quarterly performance (%) data as of 09/30/2020

Fund Detail Read Important Investment Disclosures

GWMIX

GW&K Municipal Bond Fund

The Fund seeks to provide current income, exempt from federal income tax, and capital preservation by primarily investing in a portfolio of high-quality municipal bonds.


Overall Morningstar Rating

Rated against 242 Muni National Interm funds as of 10/31/2020
★★★

GWMIX
Bloomberg Barclays 10-Year Municipal Bond Index

Quarterly performance (%) data as of 09/30/2020

Fund Detail Read Important Investment Disclosures

Discover how AMG Funds brings more than 70 products from over 25 independent boutiques together under one flag.

Learn More About AMG Funds
  Back To Top