- ISIN
- US4122952066
- CUSIP
- 412295206
- Issuer
- Harding Loevner
- Inception Date
- Nov 28, 1996
- Category
- Global Equities
- Min. Investment
- $5,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
HLMGX Performance Chart
Harding Loevner Global Equity Portfolio (HLMGX) is up 6.1% since the beginning of the year. HLMGX is currently trading at $33 per share. Investors who bought $1,000 worth of HLMGX shares 5 years ago would now be looking at an investment worth $1,218.
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Returns By Period
Harding Loevner Global Equity Portfolio (HLMGX) has returned 6.07% so far this year and 13.36% over the past 12 months. Over the last ten years, HLMGX has returned 10.30% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
Harding Loevner Global Equity Portfolio
- 1D
- 0.43%
- 1M
- 3.32%
- YTD
- 6.07%
- 6M
- 6.25%
- 1Y
- 13.36%
- 3Y*
- 13.97%
- 5Y*
- 4.02%
- 10Y*
- 10.30%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
HLMGX Monthly Returns History
Based on dividend-adjusted daily data since Nov 29, 1996, HLMGX's average daily return is +0.03%, while the average monthly return is +0.63%. At this rate, an investment would double in approximately 9.2 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2020 with a return of +11.1%, while the worst month was Oct 2008 at -18.7%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.
On a daily basis, HLMGX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +11.7%, while the worst single day was Dec 31, 1997 at -10.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.38% | 0.60% | -7.68% | 7.91% | 2.94% | 0.43% | 6.07% | ||||||
| 2025 | 4.22% | -2.14% | -3.85% | 1.39% | 4.84% | 3.31% | 1.02% | -0.76% | 2.20% | 1.18% | 0.32% | -0.05% | 11.95% |
| 2024 | 0.77% | 5.07% | 0.76% | -4.74% | 4.19% | 3.37% | 0.59% | 2.32% | 2.06% | -2.61% | 3.00% | -1.60% | 13.50% |
| 2023 | 8.79% | -3.84% | 1.41% | 0.92% | 1.17% | 5.68% | 2.47% | -3.21% | -5.03% | -1.83% | 9.61% | 5.03% | 21.84% |
| 2022 | -9.42% | -4.76% | 0.71% | -11.60% | -2.62% | -7.67% | 9.01% | -5.09% | -9.44% | 3.93% | 9.41% | -5.12% | -30.20% |
| 2021 | -0.26% | 2.48% | -0.84% | 5.52% | 0.48% | 4.01% | 0.77% | 3.06% | -5.29% | 5.43% | -2.45% | 1.15% | 14.38% |
Benchmark Metrics
Harding Loevner Global Equity Portfolio has an annualized alpha of -0.13%, beta of 0.84, and R2 of 0.78 versus S&P 500 Index. Calculated based on daily prices since December 02, 1996.
- This fund participated in 94.89% of S&P 500 Index downside but only 87.65% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -0.13%
- Beta
- 0.84
- R²
- 0.78
- Upside Capture
- 87.65%
- Downside Capture
- 94.89%
Expense Ratio
HLMGX has a high expense ratio of 1.05%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HLMGX ranks 15 for risk / return — in the bottom 15% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Harding Loevner Global Equity Portfolio (HLMGX) and compare them to S&P 500 Index.
| HLMGX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 2.39 | -1.30 |
Sortino ratioReturn per unit of downside risk | 1.57 | 3.25 | -1.68 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.43 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.24 | 3.11 | -1.88 |
Martin ratioReturn relative to average drawdown | 5.00 | 14.38 | -9.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Harding Loevner Global Equity Portfolio provided a 19.79% dividend yield over the last twelve months, with an annual payout of $6.53 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $6.53 | $6.53 | $10.34 | $0.11 | $0.00 | $7.41 | $2.64 | $0.10 | $3.76 | $5.10 | $0.43 | $0.86 |
Dividend yield | 19.79% | 20.99% | 30.72% | 0.28% | 0.00% | 16.22% | 5.68% | 0.27% | 12.74% | 13.71% | 1.34% | 2.81% |
Monthly Dividends
The table displays the monthly dividend distributions for Harding Loevner Global Equity 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.53 | $6.53 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $10.34 | $10.34 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2022 | $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 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.41 | $7.41 |
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 Global Equity 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 Global Equity Portfolio was 54.27%, occurring on Mar 9, 2009. Recovery took 977 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -54.27%Mar 2009 | 1y 2mo | 3y 10mo | 5y 1moDec 2007 - Jan 2013 |
Dot-com crash2000–2002 | -49.76%Oct 2002 | 2y 1mo | 3y 5mo | 5y 6moSep 2000 - Mar 2006 |
Bear market2022 | -38.48%Oct 2022 | 11mo 1d | 2y 8mo | 3y 7moNov 2021 - Jun 2025 |
1998 bear market1998 | -31.44%Oct 1998 | 1y 2mo | 1y 1mo | 2y 3moAug 1997 - Nov 1999 |
COVID crash2020 | -29.96%Mar 2020 | 1mo 9d | 2mo 17d | 3mo 26dFeb 2020 - Jun 2020 |
Drawdown Indicators
| HLMGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.27% | -56.78% | +2.51% |
Max Drawdown (1Y)Largest decline over 1 year | -11.28% | -9.10% | -2.18% |
Max Drawdown (3Y)Largest decline over 3 years | -15.76% | -18.90% | +3.14% |
Max Drawdown (5Y)Largest decline over 5 years | -38.48% | -25.43% | -13.05% |
Max Drawdown (10Y)Largest decline over 10 years | -38.48% | -33.92% | -4.56% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -12.98% | -10.72% | -2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 1.97% | +0.82% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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