Harding Loevner Frontier Emerging Markets Fund (HLFMX)

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Harding Loevner Frontier Emerging Markets Fund (HLFMX) is up 5.3% since the beginning of the year. HLFMX is currently trading at $9 per share. Investors who bought $1,000 worth of HLFMX shares 5 years ago would now be looking at an investment worth $1,262.

Harding Loevner Frontier Emerging Markets Fund (HLFMX) has returned 5.26% so far this year and 17.04% over the past 12 months. Over the last ten years, HLFMX has returned 4.19% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since May 28, 2008, HLFMX's average daily return is +0.01%, while the average monthly return is +0.22%. At this rate, an investment would double in approximately 26.3 years.

Historically, 56% of months were positive and 44% were negative. The best month was May 2009 with a return of +19.3%, while the worst month was Oct 2008 at -27.7%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 7 months.

On a daily basis, HLFMX closed higher 48% of trading days. The best single day was Oct 13, 2008 with a return of +6.4%, while the worst single day was Mar 9, 2020 at -10.5%.

Harding Loevner Frontier Emerging Markets Fund has an annualized alpha of -2.70%, beta of 0.40, and R2 of 0.43 versus S&P 500 Index. Calculated based on daily prices since May 28, 2008.

• This fund participated in 92.96% of S&P 500 Index downside but only 58.10% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.40 may look defensive, but with R2 of 0.43 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.43 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

HLFMX has a high expense ratio of 1.60%, indicating above-average management fees.

HLFMX ranks 24 for risk / return — below 24% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Harding Loevner Frontier Emerging Markets Fund provided a 3.38% dividend yield over the last twelve months, with an annual payout of $0.32 per share. The fund has been increasing its distributions for 2 consecutive years.

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.

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.

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 63.95%, occurring on Mar 9, 2009. Recovery took 1313 trading sessions.

The current Harding Loevner Frontier Emerging Markets Fund drawdown is 4.37%.

The chart below shows the rolling one-month volatility.