- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 400 Crossing Blvd. Bridgewater NJ United States of America 08807
- IPO Date
- Jun 20, 1996
- Business
- Harding Loevner International Equity Portfolio (HLMIX) is a mutual fund managed by Harding Loevner LP that seeks long-term capital appreciation through investment in high-quality international equity securities of growth-oriented companies located outside the United States. The Portfolio primarily invests at least 80% of its net assets in equity securities of companies based in developed markets excluding the U.S. and emerging markets, including common stocks, preferred stocks, depositary receipts, and other equity-linked securities; it may also allocate up to 20% to U.S. equities and employ fundamental analysis focusing on franchises with sustainable competitive advantages, attractive returns on capital, and capable management teams. Top holdings typically include leading firms such as Taiwan Semiconductor Manufacturing Co Ltd ADR, DBS Group Holdings Ltd, and HDFC Bank Ltd ADR, with sector allocations emphasizing technology and financial services.
Harding Loevner LP, founded in 1989 and headquartered at 400 Crossing Boulevard, Fourth Floor, Bridgewater, New Jersey, serves as the investment adviser to the Portfolio and offers a suite of complementary equity strategies through Harding, Loevner Funds, Inc., including Global Equity Portfolio (HLMVX), Institutional Emerging Markets Portfolio (HLMEX), Emerging Markets ex China Portfolio (HLXCX), Chinese Equity Portfolio (HLMCX), and Frontier Emerging Markets Portfolio (HLFMX), among others; the firm manages these for institutional clients such as sovereign wealth funds, endowments, pension plans, and high-net-worth individuals across global developed, emerging, and frontier markets. The firm maintains operations primarily from its U.S. headquarters, with a global research presence supporting bottom-up stock selection and portfolio construction.
Recent developments include management fee reductions approved by the Board for the International Equity Portfolio and several peer portfolios effective July 1, 2024, alongside lowered expense caps through February 28, 2026 and reduced investment minimums for certain Institutional Class Z shares, such as from $10 million to $5 million for the Emerging Markets Portfolio; additionally, in December 2025, Harding Loevner entered a strategic partnership with Parametric Portfolio Associates LLC, part of Morgan Stanley Investment Management, to offer Custom Active strategies providing tax optimization for active equity managers. The firm reported 119 employees as of December 31, 2024, and continues to emphasize long-only equity mandates with assets under management exceeding $58 billion. Other Portfolios, like International Carbon Transition Equity Portfolio (HLCTX), faced liquidation approved in early 2025, concluding around February 28, 2025.