HLEMX: Harding Loevner Emerging Markets Advisor

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

HLEMX Harding Loevner Emerging Markets Advisor


Profile

HLEMX - Profile

Vitals

  • YTD Return -28.6%
  • 3 Yr Annualized Return -5.2%
  • 5 Yr Annualized Return -2.2%
  • Net Assets $4.13 B
  • Holdings in Top 10 33.9%

52 WEEK LOW AND HIGH

$42.27
$38.94
$61.60

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.37%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 19.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

Closed to new investors as of Jun 30, 2016
  • Standard (Taxable) $5,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -30.7%
  • 3 Yr Annualized Total Return -5.6%
  • 5 Yr Annualized Total Return -2.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.10%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Harding Loevner Emerging Markets Fund
  • Fund Family Name
    Harding Loevner
  • Inception Date
    Nov 09, 1998
  • Shares Outstanding
    N/A
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    G. Rusty Johnson

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

HLEMX - Performance

Return Ranking - Trailing

Period HLEMX Return Category Return Low Category Return High Rank in Category (%)
YTD -28.6% -38.2% 3.7% 85.48%
1 Yr -24.5% -39.3% 22.1% 75.17%
3 Yr -5.2%* -26.2% 14.1% 50.93%
5 Yr -2.2%* -16.2% 26.4% 40.16%
10 Yr -0.7%* -13.8% 9.6% 43.33%

* Annualized

Return Ranking - Calendar

Period HLEMX Return Category Return Low Category Return High Rank in Category (%)
2019 24.0% -19.9% 42.0% 14.30%
2018 -19.4% -41.9% 1.7% 55.35%
2017 34.2% 0.0% 50.3% 48.83%
2016 12.5% -10.1% 241.4% 13.29%
2015 -14.0% -33.9% -1.5% 42.60%

Total Return Ranking - Trailing

Period HLEMX Return Category Return Low Category Return High Rank in Category (%)
YTD -30.7% -38.2% 3.7% 85.48%
1 Yr -26.6% -39.3% 22.1% 75.17%
3 Yr -5.6%* -26.2% 14.1% 56.79%
5 Yr -2.3%* -16.2% 29.4% 40.55%
10 Yr 1.0%* -13.8% 13.7% 25.24%

* Annualized

Total Return Ranking - Calendar

Period HLEMX Return Category Return Low Category Return High Rank in Category (%)
2019 24.0% -19.9% 42.0% 14.44%
2018 -18.7% -41.9% 1.7% 56.65%
2017 35.2% 0.0% 50.4% 48.98%
2016 13.2% -10.0% 249.7% 15.91%
2015 -13.6% -33.9% -1.5% 42.00%

NAV & Total Return History


Holdings

HLEMX - Holdings

Concentration Analysis

HLEMX Category Low Category High HLEMX % Rank
Net Assets 4.13 B 967 K 85.7 B 9.81%
Number of Holdings 77 1 4837 68.89%
Net Assets in Top 10 1.54 B 123 K 20.7 B 10.12%
Weighting of Top 10 33.89% 4.7% 100.0% 48.78%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co Ltd 5.54%
  2. Alibaba Group Holding Ltd ADR 4.77%
  3. Tencent Holdings Ltd 4.34%
  4. Samsung Electronics Co Ltd GDR 3.99%
  5. PJSC Lukoil ADR 2.83%
  6. Sberbank of Russia PJSC ADR 2.70%
  7. Housing Development Finance Corp Ltd 2.63%
  8. AIA Group Ltd 2.62%
  9. NOVATEK PJSC GDR 2.38%
  10. ENN Energy Holdings Ltd 2.08%

Asset Allocation

Weighting Return Low Return High HLEMX % Rank
Stocks
96.96% 53.09% 102.10% 62.93%
Cash
3.04% -8.91% 46.91% 32.01%
Preferred Stocks
0.00% 0.00% 1.79% 86.56%
Other
0.00% -3.54% 13.99% 84.12%
Convertible Bonds
0.00% 0.00% 0.91% 82.33%
Bonds
0.00% -0.74% 4.42% 82.80%

Stock Sector Breakdown

Weighting Return Low Return High HLEMX % Rank
Financial Services
27.34% 1.73% 58.13% 21.90%
Technology
20.91% 0.00% 46.63% 17.80%
Consumer Cyclical
13.54% 0.00% 36.63% 47.12%
Industrials
9.34% 0.00% 28.28% 16.65%
Consumer Defense
8.69% 1.19% 39.93% 35.85%
Energy
8.42% 0.00% 22.11% 18.82%
Communication Services
8.37% 0.00% 26.02% 72.22%
Utilities
2.14% 0.00% 11.94% 39.56%
Healthcare
1.26% 0.00% 19.26% 84.89%
Real Estate
0.00% 0.00% 15.55% 97.70%
Basic Materials
0.00% 0.00% 16.41% 98.85%

Stock Geographic Breakdown

Weighting Return Low Return High HLEMX % Rank
Non US
93.50% 53.09% 102.10% 78.23%
US
3.46% -2.49% 32.56% 14.85%

Expenses

HLEMX - Expenses

Operational Fees

HLEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.37% 0.04% 59.58% 61.59%
Management Fee 1.12% 0.00% 2.00% 85.59%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.85% N/A

Sales Fees

HLEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.20% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

HLEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.25% 2.00% 70.71%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HLEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 19.00% 2.00% 238.00% 14.77%

Distributions

HLEMX - Distributions

Dividend Yield Analysis

HLEMX Category Low Category High HLEMX % Rank
Dividend Yield 0.00% 0.00% 7.97% 83.08%

Dividend Distribution Analysis

HLEMX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

HLEMX Category Low Category High HLEMX % Rank
Net Income Ratio 1.10% -1.40% 5.73% 61.10%

Capital Gain Distribution Analysis

HLEMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

HLEMX - Fund Manager Analysis

Managers

G. Rusty Johnson


Start Date

Tenure

Tenure Rank

Nov 09, 1998

21.32

21.3%

G. Rusty Johnson, CFA has been a portfolio manager since 1998, and an analyst since 1994. As an analyst, he focuses on emerging markets companies. He graduated from Washington and Lee University in 1986. He also studied at Fu Jen University in Taiwan and Chinese University in Hong Kong. Mr. Johnson joined Harding Loevner in 1994. Mr. Johnson serves as a portfolio manager for the Institutional Emerging Markets Portfolio and Emerging Markets Portfolio.

Craig Shaw


Start Date

Tenure

Tenure Rank

Dec 29, 2006

13.18

13.2%

Mr. Craig Shaw, is a Co-lead Portfolio Manager of Harding Loevner’s portion of the Fund. Mr. Shaw, Portfolio Manager, Analyst and Partner, has worked for Harding Loevner since 2001. Previous to his current position, Mr. Shaw was a Consultant in the capital markets and accounting areas from 1999 to 2000 and a Security Analyst with ABN AMRO Securities from 1996 to 1997. Mr. Shaw also worked for Barclays de Zoete Wedd, Credit Lyonnais Securities Asia and Parker Drilling Company in various analytic roles. Mr. Shaw received his BA in Business Administration from Concordia College in 1986 and MIM from American Graduate School of International Management (Thunderbird) in 1989.

Richard Schmidt


Start Date

Tenure

Tenure Rank

Dec 31, 2011

8.17

8.2%

Mr. Richard Schmidt, is a Portfolio Manager of Harding Loevner’s portion of the Fund. Mr. Schmidt, Portfolio Manager, Analyst and Partner, has worked with Harding Loevner since 2011. Previous to his current position, Mr. Schmidt was Chief Investment Officer with Oranda Capital Management from 2007 to 2011. Mr. Schmidt also worked for JP Morgan Asset Management, Jardine Fleming Investment Management, Jardine Fleming Securities, BT Brokerage and Winfull, Laing & Cruickshank in various analytic roles. Mr. Schmidt received his BS in Foreign Services from Georgetown University in 1986.

Scott Crawshaw


Start Date

Tenure

Tenure Rank

Jun 30, 2014

5.67

5.7%

Scott Crawshaw is a member of the PM team for the Emerging Markets Equity, International Equity & Global Equity strategies. He is also an Emerging Markets analyst. Scott joined the firm in 2014 & is a Partner. He has 22 yrs of experience in EM research & portfolio management, including 5 yrs at ISIS Asset Management where he served as an Emerging Markets Fund Manager until 2003. Prior to joining Harding Loevner, Scott served as an Emerging Markets Senior Portfolio Manager at Russell Investments. He graduated from The University of Bristol (1995) with a BSc in Mathematics.

Pradipta Chakrabortty


Start Date

Tenure

Tenure Rank

Jan 31, 2015

5.08

5.1%

Pradipta Chakrabortty has been a portfolio manager and an analyst since 2008. As an analyst, he focuses on frontier emerging market companies. Mr. Chakrabortty graduated from BIRLA Institute of Technology & Science (Pilani, India) in 1994, received an MBA in Finance and Marketing from XLRI School of Management (Jamshedpur, India) in 1998, and received an MBA in Finance from University of Pennsylvania, the Wharton School, in 2008. He joined Harding Loevner in 2008. Mr. Chakrabortty serves as a co-lead portfolio manager for the Frontier Emerging Markets Portfolio and as a portfolio manager for the Institutional Emerging Markets Portfolio and Emerging Markets Portfolio.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.03 5.71 0.24