Harding Loevner International Developed Markets Select Equity ETF LOEV Strategy

The investment seeks long-term capital appreciation through investments in equity securities of companies based in developed markets outside the United States. The Portfolio invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks, preferred stocks, rights, and warrants issued by companies that are based in developed markets 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.