HLMGX Performance — Harding Loevner Global Equity Portfolio, Advisor Class
Data updated: 2026-09-28
HLMGX returned +4.90% year to date and +7.91% over one year to Jul 2026. Annualised returns are +11.48% over 3 years and +2.92% over 5 years. The fund trailed its Global Large Blend category average: $100 invested three years ago grew to $139, against $152 for the category, and to $108 over one year, against $118. Volatility over the past three years was 12.40% a year. In the 12 months to Jul 2026 the fund took in a net $12.3M, and assets reached $529.84M.
HLMGX Growth of $100
What $100 invested in Harding Loevner Global Equity Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Large Blend category average over the same months.
| Period | HLMGX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $108 | $118 |
| 3 years (Aug 2023 – Jul 2026) | $139 | $152 |
| 5 years (Aug 2021 – Jul 2026) | $115 | $148 |
| Since data start (Aug 2019 – Jul 2026) | $185 | $203 |
HLMGX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +4.90% |
| 1 year | +7.91% |
| 3 years (annualised) | +11.48% |
| 5 years (annualised) | +2.92% |
HLMGX Annual Returns
Calendar-year total returns of Harding Loevner Global Equity Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +4.90% |
| 2025 | +11.92% |
| 2024 | +13.61% |
| 2023 | +21.83% |
| 2022 | −30.20% |
| 2021 | +14.65% |
| 2020 | +29.57% |
| 2019 (Aug–Dec) | +10.04% |
HLMGX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +2.4% | +0.6% | −7.7% | +7.9% | +2.9% | −1.3% | +0.6% | — | — | — | — | — |
| 2025 | +4.2% | −2.1% | −3.9% | +1.4% | +4.8% | +3.3% | +1.0% | −0.8% | +2.2% | +1.2% | +0.3% | −0.1% |
| 2024 | +0.8% | +5.1% | +0.8% | −4.8% | +4.2% | +3.4% | +0.6% | +2.3% | +2.1% | −2.6% | +3.0% | −1.5% |
| 2023 | +8.8% | −3.8% | +1.4% | +0.9% | +1.2% | +5.7% | +2.5% | −3.2% | −5.0% | −1.8% | +9.6% | +5.0% |
| 2022 | −9.4% | −4.8% | +0.7% | −11.6% | −2.6% | −7.7% | +9.0% | −5.1% | −9.4% | +3.9% | +9.4% | −5.1% |
| 2021 | −0.3% | +2.5% | −0.8% | +5.5% | +0.5% | +4.0% | +0.8% | +3.1% | −5.3% | +5.4% | −2.5% | +1.4% |
| 2020 | −1.4% | −5.8% | −10.5% | +11.1% | +8.4% | +4.3% | +6.4% | +6.5% | −3.4% | −2.1% | +10.1% | +5.2% |
| 2019 | — | — | — | — | — | — | — | −1.9% | +1.3% | +2.8% | +3.8% | +3.7% |
HLMGX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 12.40%
- 3-year Sharpe ratio: 0.56 (vs 4.5% risk-free rate)
- Best month: +9.60% (Nov 2023)
- Worst month: −7.68% (Mar 2026)
HLMGX Fund Flows
Monthly money in and out of Harding Loevner Global Equity Portfolio, from SEC Form N-PORT.
- 12-month net flow: $12.3M
- 12-month gross sales (incl. reinvestments): $164.0M
- Sales ÷ redemptions: 1.08×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $9.5M | $20.6M | −$11.0M |
| Jun 2026 | $5.8M | $4.5M | $1.3M |
| May 2026 | $4.0M | $14.1M | −$10.1M |
| Apr 2026 | $18.5M | $34.9M | −$16.4M |
| Mar 2026 | $6.3M | $4.4M | $1.9M |
| Feb 2026 | $2.7M | $7.8M | −$5.0M |
| Jan 2026 | $7.1M | $6.6M | $452K |
| Dec 2025 | $98.2M | $36.9M | $61.3M |
| Nov 2025 | $3.7M | $5.0M | −$1.3M |
| Oct 2025 | $2.0M | $6.6M | −$4.5M |
| Sep 2025 | $2.3M | $5.2M | −$2.9M |
| Aug 2025 | $3.7M | $5.2M | −$1.5M |
HLMGX Assets Under Management
Net assets of Harding Loevner Global Equity Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $529.84M |
| 2026-04-30 | $537.38M |
| 2026-01-30 | $555.42M |
| 2025-10-31 | $581.26M |
| 2025-07-31 | $574.64M |
| 2025-04-30 | $528.03M |
| 2025-01-31 | $576.84M |
| 2024-10-31 | $747.21M |
| 2024-07-31 | $744.88M |
| 2024-04-30 | $966.94M |
| 2024-01-31 | $967.07M |
| 2023-10-31 | $947.35M |
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.