Harding Loevner International Equity Portfolio Institutional Class Z HLIZX

Medalist Rating as of | See Harding Loevner Investment Hub
  • NAV / 1-Day Return 30.93  /  −1.23 %
  • Total Assets 12.5B
  • Adj. Expense Ratio
    0.730%
  • Expense Ratio 0.730%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Foreign Large Blend
  • Investment Style Large Blend
  • Min. Initial Investment 10M
  • Status Open
  • TTM Yield 1.66%
  • Turnover 25%

USD | NAV as of Jul 13, 2026 | 1-Day Return as of Jul 13, 2026, 10:07 PM GMT+0

Morningstar’s Analysis HLIZX

Will HLIZX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

Recent Team and Upcoming Process Adjustments on Harding Loevner International Equity

null William Samuel Rocco

William Samuel Rocco

Analyst Note

The portfolio management team on Harding Loevner International Equity was recently modified. Patrick Todd, who joined Harding Loevner in 2012 and became a comanager on this strategy in 2017, gave up his comanager position on June 12 and will be leaving the firm at the end of July 2026. David Glickman, who joined the firm in 2018 and has roughly 25 years of investment experience, replaced Todd. Co-lead manager Ferrill Roll, co-lead manager Andrew West, and comanager Uday Cheruvu remain, and they all have strong credentials. Meanwhile, Harding Loevner will modify the portfolio construction guidelines for this strategy and all its siblings on July 1, 2026. Most significantly, it is raising the maximum position size for individual holdings to 8% of assets from 5%, and it will increase the maximum weighting in the technology sector to 35% of assets or the weighting in the relevant prospectus benchmark (whichever is larger). This strategy remains in able hands, and the impending process adjustments are reasonable overall, so it retains its Above Average People and Process Pillar ratings.

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Portfolio Holdings HLIZX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 30.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Taiwan Semiconductor Manufacturing Co Ltd ADR

4.30 499M
Technology

Shell PLC

3.82 443M
Energy

Samsung Electronics Co Ltd DR

3.32 385M
Technology

ASML Holding NV

2.86 332M
Technology

AIA Group Ltd

2.84 329M
Financial Services

Contemporary Amperex Technology Co Ltd Class A

2.73 317M
Industrials

DBS Group Holdings Ltd

2.69 312M
Financial Services

Manulife Financial Corp

2.65 307M
Financial Services

BAE Systems PLC

2.53 293M
Industrials

Banco Bilbao Vizcaya Argentaria SA

2.52 292M
Financial Services

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