HLRZX – Harding Loevner Intl Small Coms Instl Z Investment Strategy | Morningstar

Morningstar

Strategy

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.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
HLMSX	Harding Loevner International Small Companies Portfolio Investor	No Load	Open			Mar 26, 2007	$18.13M	1.300%	Average	$5,000	−$7.10M
HLMRX	Harding Loevner International Small Companies Portfolio Institutional	Institutional	Open			Jun 30, 2011	$138.50M	1.080%	Above Average	$100,000	−$70.19M
HLRZX	Harding Loevner International Small Companies Portfolio Institutional Class Z	Institutional	Open			Apr 4, 2023	$14.34M	1.000%	Average	$5M	−$40.80M

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