HLRGX — Global Equity Research Portfolio

HLRGX Fund Overview

HLRGX — Global Equity Research Portfolio is a US mutual fund managed by Harding Loevner Funds INC, categorised as Europe Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Harding Loevner Funds INC
• Category: Europe Value Equity
• Assets under management: $7.72M
• 1-year return: 3.7%
• Ticker: HLRGX
• SEC CIK: 0001018170
• SEC series ID: S000055771
• Share class ID: C000175604

HLRGX Investment Objective and Strategy

Global Equity Research Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Harding Loevner Funds INC.

Investment objective

The Global Equity Research Portfolio (the “Portfolio”) seeks long-term capital appreciation through investments in equity securities of companies based both inside and outside the United States.

Principal investment strategy

The Portfolio invests in companies based in the United States and other developed markets, as well as in companies in emerging and frontier markets. Harding Loevner LP (Harding Loevner), the Portfolios investment adviser, undertakes fundamental research in an effort to identify companies that are well managed, financially sound, fast growing, and strongly competitive, and whose shares are under-priced relative to estimates of their value. The investment advisers analysts, after completing this research, assign a rating to each stock based upon its potential return relative to an appropriate benchmark. The universe of stocks eligible for investment in the Portfolio are those rated for purchase by the analysts and that otherwise meet the investment characteristics and guidelines established for the Portfolio.

These guidelines include limits on exposure by geography, industry, and currency, and may include other limits, such as market capitalization. To reduce its volatility, the Portfolio is diversified across these elements. The Portfolio may invest in companies in all capitalization ranges, including smaller and medium-sized companies. The investment adviser expects that a majority of the stocks that its analysts have rated for purchase that meet the Portfolios investment characteristics and guidelines will be held in the Portfolio. The portfolio managers may exclude any stock in their discretion based on factors such as trading volumes, market capitalization, or geography. In determining the weight of each security in the Portfolio, the portfolio managers will seek to maintain a portfolio that, over time, is generally less volatile than the Portfolios benchmark, taking into consideration factors including the relevant securitys predicted relative price performance, the timeliness of investment potential, the implications for portfolio risk and the requirement to observe the investment characteristics and guidelines established for the Portfolio.

The portfolio managers will periodically re-balance the portfolio when and as they deem appropriate, to reflect, among other things, changes to securities prices, analysts ratings, desired investment characteristics, investment guidelines, or assumptions about prospective volatility or tracking error. The portfolio managers will use risk models and other quantitative tools to assist them in determining portfolio weightings. The Portfolio will normally invest broadly in equity securities of companies domiciled in the following countries and regions: (1) Europe; (2) the Pacific Rim; (3) the United States, Canada, and Mexico; and (4) countries with emerging or frontier markets. At least 65% of total assets will be denominated in at least three currencies, which may include the U.S. dollar. For purposes of compliance with this restriction, American Depositary Receipts, Global Depositary Receipts, and European Depositary Receipts (collectively, Depositary Receipts), will be considered to be denominated in the currency of the country where the securities underlying the Depositary Receipts are principally traded.

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 both inside and 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. Because some emerging market countries do not permit foreigners to participate directly in their securities markets or otherwise present difficulties for efficient foreign investment, the Portfolio may use equity derivative securities, and, in particular, participation notes, to gain exposure to those countries.

HLRGX Performance

Total returns for HLRGX (as of 2026-10-01), from SEC filings.

HLRGX Risk Information

Risk metrics for HLRGX, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 15.7%

HLRGX Costs and Fees

HLRGX costs about $80 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.80%
• Gross expense ratio: 1.82%
• Portfolio turnover: 34%
• Brokerage commissions: 3.25 bps of average net assets (SEC N-CEN)

HLRGX Cashflows

Over the 12 months to 2024-01, Global Equity Research Portfolio had net inflows of $2.05M, from monthly SEC N-PORT filings.

HLRGX Debt Constituents

No individual debt constituents are reported in Global Equity Research Portfolio's latest SEC N-PORT filing.

HLRGX Prospectus and SEC Filings

Official Global Equity Research Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2023-02-27
• Prospectus (485BPOS) — filed 2022-02-28
• Prospectus (485BPOS) — filed 2021-02-26
• Portfolio holdings (N-PORT) — filed 2024-03-27
• Portfolio holdings (N-PORT) — filed 2023-12-27
• Portfolio holdings (N-PORT) — filed 2023-09-26
• Annual census (N-CEN) — filed 2024-01-12
• Annual census (N-CEN) — filed 2023-01-13

Related Funds

Other Europe Value Equity funds tracked on ABC INVEST:

• First Trust STOXX European Select Dividend Index Fund (FDD)
• Janus Henderson Dividend and Income Builder Fund (HDAVX)
• Boston Common ESG Impact U.S. Value Fund (BCVIX)
• Formidable Dividend and Income ETF (FODI)
• Grayscale Ethereum Premium Income ETF (ETPI)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.