Harding Loevner Institutional Emerging Markets Portfolio (HLMEX)
The fund invests primarily in companies that are based in emerging and frontier markets. It normally holds investments across at least 15 countries. The fund invests at least 80% of its net assets in emerging markets securities, which includes frontier markets securities, and investment companies that invest in the types of securities in which the Portfolio would normally invest. It invests at least 65% of its total assets in common stocks, preferred stocks, rights and warrants issued by companies.
Fund Info
US4122957016
412295701
Oct 16, 2005
$500,000
Large-Cap
Blend
Expense Ratio
HLMEX has a high expense ratio of 1.10%, indicating higher-than-average management fees.
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 Institutional Emerging Markets Portfolio, 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 Institutional Emerging Markets Portfolio had a return of 6.03% year-to-date (YTD) and 0.37% in the last 12 months. Over the past 10 years, Harding Loevner Institutional Emerging Markets Portfolio had an annualized return of 0.76%, while the S&P 500 had an annualized return of 11.29%, indicating that Harding Loevner Institutional Emerging Markets Portfolio did not perform as well as the benchmark.
HLMEX
6.03%
6.22%
-7.64%
0.37%
-3.62%
0.76%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of HLMEX, 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 | 1.75% | 6.03% | |||||||||||
| 2024 | -7.33% | 4.04% | 3.38% | -2.56% | 0.00% | 1.73% | 0.55% | 6.94% | 5.01% | -4.23% | -2.03% | -12.80% | -8.73% |
| 2023 | 9.60% | -6.69% | 1.00% | -0.77% | -1.72% | 4.91% | 3.87% | -5.90% | -3.08% | -4.77% | 7.81% | 3.28% | 6.15% |
| 2022 | -2.93% | -11.28% | -4.40% | -8.21% | 2.53% | -5.52% | 0.22% | -1.05% | -10.09% | -0.37% | 13.84% | -2.27% | -27.66% |
| 2021 | 0.98% | 1.08% | -0.34% | 1.50% | 3.29% | 0.26% | -5.51% | 1.70% | -3.99% | 1.31% | -6.25% | 3.12% | -3.41% |
| 2020 | -4.16% | -5.55% | -20.06% | 8.57% | 1.07% | 7.08% | 7.71% | 2.71% | -1.32% | 1.29% | 11.07% | 9.05% | 13.88% |
| 2019 | 11.36% | 1.08% | 1.76% | 3.69% | -8.46% | 6.76% | -0.57% | -4.09% | 1.29% | 4.01% | 0.28% | 7.55% | 25.78% |
| 2018 | 7.21% | -4.04% | 0.73% | -3.29% | -1.15% | -3.39% | 1.11% | -4.75% | -1.78% | -9.97% | 4.29% | -4.27% | -18.62% |
| 2017 | 5.70% | 1.97% | 3.64% | 2.98% | 2.63% | 1.11% | 5.12% | 1.80% | 0.23% | 1.76% | 0.41% | 3.45% | 35.33% |
| 2016 | -4.95% | -0.07% | 12.24% | 1.07% | -1.99% | 4.49% | 4.00% | 2.10% | 1.48% | -0.79% | -4.42% | 0.44% | 13.27% |
| 2015 | 0.92% | 1.71% | -1.29% | 4.76% | -2.49% | -1.78% | -4.18% | -9.20% | -2.86% | 7.29% | -2.31% | -3.93% | -13.48% |
| 2014 | -7.11% | 5.12% | 3.10% | 0.72% | 4.58% | 1.11% | -0.21% | 1.88% | -6.32% | 1.97% | -0.75% | -5.05% | -1.86% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HLMEX is 6, meaning it’s performing worse than 94% of other mutual funds on our website when it comes to balancing risk and reward. Below is 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 Institutional Emerging Markets Portfolio (HLMEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Harding Loevner Institutional Emerging Markets Portfolio provided a 1.50% dividend yield over the last twelve months, with an annual payout of $0.26 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.26 | $0.26 | $0.26 | $0.17 | $0.18 | $0.10 | $0.33 | $0.18 | $0.17 | $0.10 | $0.10 | $0.13 |
Dividend yield | 1.50% | 1.59% | 1.40% | 0.95% | 0.71% | 0.39% | 1.47% | 0.98% | 0.77% | 0.62% | 0.64% | 0.72% |
Monthly Dividends
The table displays the monthly dividend distributions for Harding Loevner Institutional Emerging Markets Portfolio. 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 | $0.26 | $0.26 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.26 |
| 2022 | $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 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2020 | $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 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.33 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 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 | $0.10 | $0.10 |
| 2015 | $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 |
| 2014 | $0.13 | $0.13 |
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 Institutional Emerging Markets Portfolio. 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 Institutional Emerging Markets Portfolio was 66.27%, occurring on Nov 20, 2008. Recovery took 1423 trading sessions.
The current Harding Loevner Institutional Emerging Markets Portfolio drawdown is 34.90%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -66.27% | Nov 1, 2007 | 266 | Nov 20, 2008 | 1423 | Jul 22, 2014 | 1689 |
| -43.83% | Feb 17, 2021 | 426 | Oct 24, 2022 | — | — | — |
| -38.08% | Jan 29, 2018 | 541 | Mar 23, 2020 | 171 | Nov 23, 2020 | 712 |
| -32.71% | Sep 4, 2014 | 348 | Jan 21, 2016 | 317 | Apr 25, 2017 | 665 |
| -25.71% | May 10, 2006 | 24 | Jun 13, 2006 | 117 | Nov 29, 2006 | 141 |
Volatility
Volatility Chart
The current Harding Loevner Institutional Emerging Markets Portfolio volatility is 3.42%, 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.