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Harding Loevner Emerging Markets Fund (HLEMX)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Fund Info

ISIN
US4122953056
CUSIP
412295305
Inception Date
Nov 8, 1998
Min. Investment
$5,000
Distribution Policy
Accumulating
Asset Class
Multi-Asset
Asset Class Size
Large-Cap
Asset Class Style
Blend

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Harding Loevner Emerging Markets Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period


Harding Loevner Emerging Markets Fund

1D
1M
YTD
6M
1Y
3Y*
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20251.84%-0.55%0.44%1.10%4.12%4.17%0.87%4.91%5.43%2.53%-0.94%-48.28%-34.63%
2024-7.28%4.03%3.37%-2.55%0.05%1.83%0.64%5.78%5.00%-4.19%-2.03%-1.85%1.96%
20239.65%-6.66%0.99%-0.78%-1.60%4.88%3.89%-5.88%-3.03%-4.56%7.94%3.28%6.77%
2022-2.96%-11.22%-4.39%-8.22%2.60%-5.55%0.21%-0.94%-10.24%-0.39%13.88%-2.35%-27.69%
20211.02%1.06%-0.38%1.50%3.13%0.21%-5.56%1.56%-3.59%1.36%-6.29%3.06%-3.43%
2020-4.14%-5.57%-20.36%8.60%1.08%7.07%7.72%2.70%-1.30%1.31%11.05%9.02%13.47%

Benchmark Metrics

Harding Loevner Emerging Markets Fund has an annualized alpha of 1.80%, beta of 0.77, and R² of 0.44 versus S&P 500 Index. Calculated based on daily prices since November 10, 1998.

  • This fund participated in 98.85% of S&P 500 Index downside but only 93.43% of its upside — more exposed to losses than it benefited from rallies.
  • R² of 0.44 means the benchmark explains less than half of this fund's behavior — treat beta with caution or consider switching to a more representative benchmark.

Alpha
1.80%
Beta
0.77
0.44
Upside Capture
93.43%
Downside Capture
98.85%

Expense Ratio

HLEMX has a high expense ratio of 1.19%, indicating above-average management fees.


Return for Risk

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Harding Loevner Emerging Markets Fund (HLEMX) and compare them to a chosen benchmark (S&P 500 Index).


Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Dividends

Dividend History

Harding Loevner Emerging Markets Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.


0.00%5.00%10.00%15.00%$0.00$1.00$2.00$3.00$4.00$5.00$6.002015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM2024202320222021202020192018201720162015
Dividend$0.00$5.94$1.28$3.46$5.08$0.22$0.83$0.42$0.43$0.26$0.22

Dividend yield

0.00%16.56%3.13%8.75%8.53%0.32%1.40%0.89%0.73%0.60%0.56%

Monthly Dividends

The table displays the monthly dividend distributions for Harding Loevner Emerging Markets Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$5.94$5.94
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.28$1.28
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$3.46$3.46
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$5.08$5.08
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.22$0.22

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Harding Loevner Emerging Markets Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Harding Loevner Emerging Markets Fund was 65.81%, occurring on Nov 20, 2008. Recovery took 1412 trading sessions.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-65.81%Dec 13, 2007238Nov 20, 20081412Jul 3, 20141650
-55.6%Feb 17, 20211216Dec 17, 2025
-43.16%Mar 6, 2000388Sep 21, 2001561Dec 12, 2003949
-38.34%Jan 29, 2018541Mar 23, 2020172Nov 24, 2020713
-32.91%Sep 4, 2014348Jan 21, 2016317Apr 25, 2017665

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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