HLFZX Holdings — Harding Loevner Frontier Emerging Markets Portfolio
Data updated: 2026-09-28
HLFZX holds 52 securities. The top 10 make up 44.3% of net assets, led by Credicorp Ltd.com Usd5 (7.32%) and International Container Terminal Services, Inc. Php1 (6.23%). Financials (35.5%) and Industrials (16.8%) are the largest sectors, and 16.4% of the portfolio is in Vietnam. Debt holdings: 1 position, 0.7% of assets.
Holdings cover 99.89% of net asset value (99.69% of total assets; remainder is cash and receivables). As of July 31, 2026 · N-PORT.
HLFZX Portfolio Holdings
52 holdings of Harding Loevner Frontier Emerging Markets Portfolio by percentage of net assets, from the fund's SEC N-PORT filing as of July 31, 2026.
| Holding | Ticker | Sector | % of net assets | Value (USD) |
|---|---|---|---|---|
| Credicorp Ltd.com Usd5 | BAP | Financials | 7.32% | $8.82M |
| International Container Terminal Services, Inc. Php1 | ICTEF | Industrials | 6.23% | $7.50M |
| Grupo Cibest SA Spon ADS | CIB | Financials | 5.37% | $6.47M |
| Banca Transilvania SA Ron10 | TLV | Financials | 4.70% | $5.67M |
| Hoa Phat Group Jsc Vnd10000 | HPG | Materials | 3.85% | $4.64M |
| Sodep Marsa Maroc Mad10 | MSA | Industrials | 3.84% | $4.62M |
| Mobile World Investment Corp. Vnd10000 | MWG | Consumer Discretionary | 3.49% | $4.21M |
| Kaspi.kz Jsc Sponsored ADS | KSPI | Industrials | 3.49% | $4.21M |
| Bank for Foreign Trade of Vietnam Jsc Vnd10000 | VCB | Financials | 3.16% | $3.81M |
| Commercial International Bank Egypt Sae Gdr Each Repr 1 Ord Egp10 Reg's' | CMGGF | Financials | 2.88% | $3.47M |
| Airtel Africa PLC Ord Usd0.5 | AAFRF | Communication Services | 2.85% | $3.43M |
| Cementos Argos SA ADR Each Repr 5 Ord Shs | CMTOY | Materials | 2.84% | $3.43M |
| Helios Towers PLC Ord Gbp0.01 | HTWSF | Real Estate | 2.75% | $3.31M |
| Kazatomprom Jsc Gdr (each Repr 1 Ord) (reg S) | NATKY | Energy | 2.64% | $3.18M |
| Safaricom PLC Kes0.05 | SCOM | Communication Services | 2.60% | $3.14M |
| Krka Tovarna Zdravil Dd Npv | KRKAF | Health Care | 2.15% | $2.58M |
| Halyk Bank Jsc Gdr Each Repr 40 Ord Shs'regs' (spon) | HSBK | Financials | 2.12% | $2.56M |
| Sm Prime Holdings, Inc. Ord Php1 | SPHXF | Real Estate | 1.84% | $2.22M |
| Jollibee Foods Corp. Php1 | JBFCF | Consumer Discretionary | 1.82% | $2.19M |
| Fabrinet.com Usd0.01 | FN | Information Technology | 1.81% | $2.18M |
| Copa Holdings SA Npv Class 'a' | CPA | Industrials | 1.73% | $2.08M |
| Fpt Corp. Vnd10000 | FPT | Information Technology | 1.71% | $2.06M |
| Bdo Unibank, Inc. Php10 | BDOUF | Financials | 1.68% | $2.02M |
| Equity Bank (kenya) Ltd. Kes0.50 | EQTY | Financials | 1.54% | $1.86M |
| Gemadept Group Corp. Vnd10000 | GMD | Industrials | 1.54% | $1.86M |
| Vietnam Dairy Products Jsc Vnd10000 | VNM | Consumer Staples | 1.48% | $1.78M |
| Northern Institutional Funds Treas Prt Prmr | NTPXX | Funds & ETFs | 1.37% | $1.65M |
| Bank of the Philippine Islands Php10 | BPHLF | Financials | 1.34% | $1.61M |
| Maroc Telecom SA - Itissalat Al-Maghrib Mad6 | MAOTF | Communication Services | 1.30% | $1.57M |
| Societatea Nationala De Gaze Naturale Romgaz SA Ron1 | SNG | Energy | 1.29% | $1.56M |
| Century Pacific Food, Inc. Php1 | CNPF | Consumer Staples | 1.29% | $1.56M |
| Attijariwafa Bank SA Mad10 | ATW | Financials | 1.25% | $1.50M |
| Mouwasat Medical Services Company Sar10 | 4002 | Health Care | 1.18% | $1.42M |
| Emaar Properties Pjsc Aed1 | EMAAR | Real Estate | 1.14% | $1.38M |
| Saigon Beer Alcohol Beverage Corp. Vnd10000 | SAB | Consumer Staples | 1.14% | $1.37M |
| Map Aktif Adiperkasa Tbk Pt Idr10 | MAKTF | Consumer Discretionary | 1.09% | $1.31M |
| Bupa Arabia for Cooperative Insurance Company Sjsc Sar10 | 8210 | Financials | 1.02% | $1.23M |
| Kcb Group PLC Kes10 | KNYCF | Financials | 1.01% | $1.22M |
| Bank Central Asia Tbk Pt Idr12.50 | PBCRF | Financials | 0.97% | $1.17M |
| Ferreycorp Saa Pen1 | FRYCF | Consumer Discretionary | 0.84% | $1.01M |
| Akdital SA Mad10 | AKT | Health Care | 0.80% | $960.52K |
| Allegro.eu SA Pln0.01 | ALEGF | Consumer Discretionary | 0.73% | $876.19K |
| Al Rajhi Bank Sar10 | 1120 | Financials | 0.67% | $806.52K |
| Square Pharma PLC Bdt10 | SQPHF | Health Care | 0.66% | $799.16K |
| Bumrungrad Hospital Pcl Thb1(alien) | BUHPF | Information Technology | 0.66% | $796.77K |
| Universal Robina Corp. Php1 | UVRBF | Consumer Staples | 0.64% | $772.29K |
| Telkom Indonesia (persero) Tbk Pt Ser'b'idr50 | TLKMF | Communication Services | 0.54% | $652.30K |
| Brac Bank PLC Bdt10 | BRACBANK | Financials | 0.38% | $462.10K |
| Sumber Alfaria Trijaya Tbk Idr10 | PSBAF | Consumer Staples | 0.36% | $428.98K |
| Agthia Group Pjsc.com Stk Aed1 | AGTHIA | Consumer Staples | 0.32% | $387.05K |
| Grameenphone Ltd. Bdt10 | GP | Communication Services | 0.28% | $336.81K |
| Alicorp Saa Pen1 | ACPZF | Consumer Staples | 0.20% | $243.20K |
HLFZX Sector Allocation
Harding Loevner Frontier Emerging Markets Portfolio holdings grouped by sector, by share of the portfolio's market value.
| Sector | Weight | Holdings |
|---|---|---|
| Financials | 35.5% | 15 |
| Industrials | 16.8% | 5 |
| Consumer Discretionary | 8.0% | 5 |
| Communication Services | 7.6% | 5 |
| Materials | 6.7% | 2 |
| Real Estate | 5.7% | 3 |
| Consumer Staples | 5.4% | 7 |
| Health Care | 4.8% | 4 |
| Information Technology | 4.2% | 3 |
| Energy | 3.9% | 2 |
| Funds & ETFs | 1.4% | 1 |
HLFZX Country Allocation
Where Harding Loevner Frontier Emerging Markets Portfolio's holdings are domiciled, by percentage of net assets (largest 15).
| Country | % of net assets |
|---|---|
| Vietnam | 16.4% |
| Philippines | 14.8% |
| Kazakhstan | 8.3% |
| Colombia | 8.2% |
| Bermuda | 7.3% |
| Morocco | 7.2% |
| Romania | 6.0% |
| United Kingdom | 5.6% |
| Kenya | 5.2% |
| Indonesia | 3.0% |
| Egypt | 2.9% |
| Saudi Arabia | 2.9% |
| Slovenia | 2.1% |
| Cayman Islands | 1.8% |
| Panama | 1.7% |
HLFZX Portfolio Allocation
Asset-class allocation of Harding Loevner Frontier Emerging Markets Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.5% |
| Cash & Equivalents | 1.4% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.