Harding Loevner Frontier Emerging Markets Fund (HLFMX)
The fund invests primarily in companies that are based in frontier emerging markets, including the smaller traditionally-recognized emerging markets. It invests at least 80% of its net assets in frontier emerging market securities, and investment companies that invest in the types of securities in which the Portfolio would normally invest. The fund invests at least 65% of its total assets in common stocks, preferred stocks, rights and warrants issued by companies. It also may invest in securities of U.S. companies.
Fund Info
US4122958675
412295867
May 26, 2008
$100,000
Mid-Cap
Blend
Expense Ratio
HLFMX has a high expense ratio of 1.60%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Harding Loevner Frontier 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.
Returns By Period
Harding Loevner Frontier Emerging Markets Fund had a return of 2.15% year-to-date (YTD) and 9.05% in the last 12 months. Over the past 10 years, Harding Loevner Frontier Emerging Markets Fund had an annualized return of 0.74%, while the S&P 500 had an annualized return of 11.29%, indicating that Harding Loevner Frontier Emerging Markets Fund did not perform as well as the benchmark.
HLFMX
2.15%
2.41%
-1.16%
9.05%
2.17%
0.74%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of HLFMX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.13% | 2.15% | |||||||||||
| 2024 | -1.49% | 5.48% | 3.25% | -4.15% | 1.44% | 0.65% | 4.11% | 3.33% | 0.96% | -2.13% | -2.54% | 0.00% | 8.77% |
| 2023 | 3.37% | -2.27% | -0.00% | 2.75% | -0.99% | 1.99% | 4.61% | -2.67% | -1.78% | -6.70% | 8.23% | 4.32% | 10.43% |
| 2022 | -2.56% | -3.34% | -0.99% | -3.11% | -2.96% | -9.80% | 3.97% | 2.97% | -9.19% | 2.72% | 6.47% | -3.56% | -18.91% |
| 2021 | -1.78% | 1.55% | -1.78% | 2.98% | 3.40% | 1.22% | -1.68% | 6.97% | -2.17% | 4.79% | -4.46% | 1.31% | 10.18% |
| 2020 | -1.50% | -7.74% | -25.17% | 9.74% | 5.36% | 4.13% | -0.31% | 6.43% | -0.58% | 0.14% | 9.10% | 6.08% | 0.11% |
| 2019 | 7.20% | 1.27% | 0.63% | 2.12% | -2.19% | 3.24% | -0.84% | -6.45% | -0.52% | 1.96% | 1.54% | 3.04% | 10.89% |
| 2018 | 7.60% | -2.32% | 0.65% | -2.25% | -6.03% | -3.27% | 1.45% | -2.97% | -2.45% | -4.14% | 0.26% | -2.51% | -15.44% |
| 2017 | 2.50% | 0.81% | 2.29% | 0.66% | 4.18% | 1.13% | 1.74% | 2.19% | 1.91% | -0.47% | 2.12% | 3.61% | 25.09% |
| 2016 | -7.60% | 2.28% | 6.10% | 4.35% | -0.67% | 0.41% | 0.54% | 0.00% | -0.67% | -0.81% | -2.86% | 1.73% | 2.16% |
| 2015 | -2.59% | 0.81% | -3.21% | 5.56% | -3.92% | 0.12% | -1.51% | -8.05% | -1.80% | -0.13% | -4.20% | -1.49% | -19.11% |
| 2014 | 1.06% | 3.02% | 2.26% | 5.40% | 2.72% | -0.61% | 1.13% | -0.10% | -0.20% | -3.46% | -2.74% | -3.20% | 4.98% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HLFMX is 53, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Harding Loevner Frontier Emerging Markets Fund (HLFMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Harding Loevner Frontier Emerging Markets Fund provided a 1.84% dividend yield over the last twelve months, with an annual payout of $0.15 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.15 | $0.15 | $0.13 | $0.16 | $0.07 | $0.13 | $0.16 | $0.10 | $0.17 | $0.07 | $0.08 | $0.05 |
Dividend yield | 1.84% | 1.88% | 1.77% | 2.28% | 0.84% | 1.61% | 1.98% | 1.35% | 1.90% | 1.02% | 1.13% | 0.60% |
Monthly Dividends
The table displays the monthly dividend distributions for Harding Loevner Frontier Emerging Markets Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $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 | $0.15 | $0.15 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2014 | $0.05 | $0.05 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Harding Loevner Frontier 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 Frontier Emerging Markets Fund was 63.99%, occurring on Mar 9, 2009. Recovery took 1312 trading sessions.
The current Harding Loevner Frontier Emerging Markets Fund drawdown is 6.04%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -63.99% | Jun 2, 2008 | 193 | Mar 9, 2009 | 1312 | May 27, 2014 | 1505 |
| -46.6% | Jan 29, 2018 | 541 | Mar 23, 2020 | — | — | — |
| -35.7% | Sep 8, 2014 | 346 | Jan 21, 2016 | 503 | Jan 19, 2018 | 849 |
| -2.02% | Jun 3, 2014 | 16 | Jun 24, 2014 | 7 | Jul 3, 2014 | 23 |
| -1.11% | Jul 28, 2014 | 12 | Aug 12, 2014 | 16 | Sep 4, 2014 | 28 |
Volatility
Volatility Chart
The current Harding Loevner Frontier Emerging Markets Fund volatility is 2.60%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.