Harding Loevner International Small Companies Portfolio (HLMSX)

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The chart shows the growth of an initial investment of $10,000 in Harding Loevner International Small Companies Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Harding Loevner International Small Companies Portfolio (HLMSX) has returned -5.34% so far this year and 6.59% over the past 12 months. Over the last ten years, HLMSX has returned 5.17% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Mar 26, 2007, HLMSX's average daily return is +0.02%, while the average monthly return is +0.55%. At this rate, your investment would double in approximately 10.5 years.

Historically, 59% of months were positive and 41% were negative. The best month was May 2009 with a return of +19.8%, while the worst month was Oct 2008 at -23.7%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.

On a daily basis, HLMSX closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +7.1%, while the worst single day was Mar 16, 2020 at -9.3%.

Harding Loevner International Small Companies Portfolio has an annualized alpha of 0.25%, beta of 0.59, and R² of 0.58 versus S&P 500 Index. Calculated based on daily prices since March 27, 2007.

• This fund participated in 97.70% of S&P 500 Index downside but only 83.83% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.59 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

HLMSX has a high expense ratio of 1.37%, indicating above-average management fees.

HLMSX ranks 13 for risk / return — in the bottom 13% 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.

The table below present risk-adjusted performance metrics for Harding Loevner International Small Companies Portfolio (HLMSX) and compare them to a chosen benchmark (S&P 500 Index).

Harding Loevner International Small Companies Portfolio provided a 4.27% dividend yield over the last twelve months, with an annual payout of $0.73 per share. The fund has been increasing its distributions for 2 consecutive years.

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.

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 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 60.77%, occurring on Mar 9, 2009. Recovery took 460 trading sessions.

The current Harding Loevner International Small Companies Portfolio drawdown is 19.20%.

The chart below shows the rolling one-month volatility.