Harding Loevner International Small Companies Portfolio (HLMSX)
The investment seeks long-term capital appreciation. The fund invests in small companies based outside the U.S., including companies in emerging and frontier as well as in developed markets. It invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks, preferred stocks, rights and warrants issued by small companies that are based outside the United States, securities convertible into such securities (including Depositary Receipts), and investment companies that invest in the types of securities in which the Portfolio would normally invest. The fund normally holds investments across at least 15 countries.
Fund Info
US4122958832
412295883
Mar 25, 2007
$5,000
Mid-Cap
Growth
Expense Ratio
HLMSX has a high expense ratio of 1.37%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Harding Loevner International Small Companies Portfolio (HLMSX) returned 13.92% year-to-date (YTD) and 6.94% over the past 12 months. Over the past 10 years, HLMSX returned 3.56% annually, underperforming the S&P 500 benchmark at 10.85%.
HLMSX
13.92%
5.58%
9.91%
6.94%
4.44%
4.84%
3.56%
^GSPC (Benchmark)
0.51%
5.49%
-2.00%
12.02%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of HLMSX, 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 | 4.86% | -2.26% | -0.47% | 6.14% | 5.22% | 13.92% | |||||||
| 2024 | -4.64% | 1.70% | 2.48% | -4.45% | 4.42% | -3.38% | 4.26% | 2.24% | 1.97% | -5.69% | -1.77% | -3.52% | -6.92% |
| 2023 | 6.75% | -3.71% | 1.20% | 3.03% | -3.58% | 3.89% | 2.77% | -2.69% | -6.63% | -5.06% | 10.40% | 6.39% | 11.78% |
| 2022 | -9.45% | -2.69% | -2.55% | -8.50% | -1.40% | -8.06% | 6.38% | -3.57% | -8.92% | 3.45% | 11.07% | -2.64% | -25.56% |
| 2021 | 0.65% | -1.75% | 0.31% | 4.97% | 3.28% | -0.09% | 3.56% | 4.97% | -6.03% | 3.16% | -4.18% | 1.06% | 9.65% |
| 2020 | -3.34% | -8.32% | -16.81% | 11.24% | 10.39% | 1.12% | 4.82% | 6.03% | 1.00% | -1.68% | 9.03% | 7.61% | 18.51% |
| 2019 | 9.44% | 2.10% | 1.58% | 4.33% | -3.24% | 3.75% | -1.48% | -2.88% | 1.21% | 3.20% | 4.84% | 3.93% | 29.45% |
| 2018 | 5.00% | -4.09% | 0.58% | -1.16% | 0.53% | -1.40% | 1.24% | -0.00% | -1.29% | -10.14% | -0.79% | -12.74% | -22.85% |
| 2017 | 3.67% | 1.28% | 4.02% | 4.43% | 5.48% | 0.71% | 3.61% | 0.25% | 1.86% | 0.85% | 2.11% | 0.93% | 33.25% |
| 2016 | -5.91% | -1.59% | 7.44% | 0.68% | 0.60% | -1.04% | 4.13% | -2.02% | 2.50% | -2.08% | -3.89% | -1.28% | -3.12% |
| 2015 | 0.54% | 3.74% | 0.29% | 3.44% | -1.84% | 0.29% | -0.79% | -5.66% | -2.15% | 4.71% | 1.05% | -0.29% | 2.92% |
| 2014 | -2.57% | 5.36% | 1.18% | 0.00% | 0.76% | 2.19% | -2.61% | 1.17% | -5.77% | -0.58% | -1.23% | -4.05% | -6.45% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HLMSX is 29, 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 International Small Companies Portfolio (HLMSX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Harding Loevner International Small Companies Portfolio provided a 1.03% dividend yield over the last twelve months, with an annual payout of $0.19 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.19 | $0.19 | $0.18 | $0.30 | $0.61 | $0.01 | $0.09 | $0.99 | $0.19 | $0.56 | $0.21 | $0.28 |
Dividend yield | 1.03% | 1.17% | 1.00% | 1.83% | 2.82% | 0.03% | 0.52% | 7.57% | 1.13% | 4.38% | 1.54% | 2.18% |
Monthly Dividends
The table displays the monthly dividend distributions for Harding Loevner International Small Companies 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 | $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 | $0.19 | $0.19 |
| 2023 | $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 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.61 | $0.61 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.99 | $0.99 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.56 | $0.56 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2014 | $0.28 | $0.28 |
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 International Small Companies 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 International Small Companies Portfolio was 60.65%, occurring on Mar 9, 2009. Recovery took 460 trading sessions.
The current Harding Loevner International Small Companies Portfolio drawdown is 18.88%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -60.65% | Nov 1, 2007 | 338 | Mar 9, 2009 | 460 | Jan 3, 2011 | 798 |
| -39.96% | Sep 7, 2021 | 278 | Oct 12, 2022 | — | — | — |
| -38.97% | Jan 29, 2018 | 541 | Mar 23, 2020 | 141 | Oct 12, 2020 | 682 |
| -25.48% | Jun 8, 2011 | 120 | Nov 25, 2011 | 285 | Jan 17, 2013 | 405 |
| -20.25% | Jul 7, 2014 | 405 | Feb 11, 2016 | 309 | May 4, 2017 | 714 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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