HLRZX Performance — Harding Loevner International Small Companies Portfolio, Institutional Class Z
Data updated: 2026-09-28
HLRZX returned +7.90% year to date and +7.19% over one year to Jul 2026. The annualised 3-year return is +5.59%. The fund trailed its International Mid-Cap Blend category average: $100 invested three years ago grew to $118, against $152 for the category, and to $107 over one year, against $120. Volatility over the past three years was 14.92% a year. In the 12 months to Jul 2026 the fund lost a net $104.1M, and assets reached $173.71M.
HLRZX Growth of $100
What $100 invested in Harding Loevner International Small Companies Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the International Mid-Cap Blend category average over the same months.
| Period | HLRZX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $107 | $120 |
| 3 years (Aug 2023 – Jul 2026) | $118 | $152 |
| Since data start (Apr 2023 – Jul 2026) | $125 | $160 |
HLRZX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +7.90% |
| 1 year | +7.19% |
| 3 years (annualised) | +5.59% |
HLRZX Annual Returns
Calendar-year total returns of Harding Loevner International Small Companies Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +7.90% |
| 2025 | +15.23% |
| 2024 | −6.68% |
| 2023 (Apr–Dec) | +7.55% |
HLRZX 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 | +2.8% | +1.6% | −7.3% | +7.2% | +3.4% | −2.0% | +2.5% | — | — | — | — | — |
| 2025 | +4.9% | −2.2% | −0.4% | +6.1% | +5.3% | +4.4% | −2.6% | +2.3% | −1.1% | −3.1% | −0.1% | +1.4% |
| 2024 | −4.7% | +1.7% | +2.5% | −4.5% | +4.5% | −3.4% | +4.3% | +2.2% | +2.1% | −5.7% | −1.8% | −3.5% |
| 2023 | — | — | — | +2.9% | −3.5% | +3.9% | +2.8% | −2.7% | −6.6% | −5.1% | +10.5% | +6.4% |
HLRZX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 14.92%
- 3-year Sharpe ratio: 0.07 (vs 4.5% risk-free rate)
- Best month: +10.46% (Nov 2023)
- Worst month: −7.30% (Mar 2026)
HLRZX Fund Flows
Monthly money in and out of Harding Loevner International Small Companies Portfolio, from SEC Form N-PORT.
- 12-month net flow: −$104.1M
- 12-month gross sales (incl. reinvestments): $33.1M
- Sales ÷ redemptions: 0.24×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $617K | $1.8M | −$1.2M |
| Jun 2026 | $1.4M | $10.5M | −$9.1M |
| May 2026 | $669K | $11.2M | −$10.5M |
| Apr 2026 | $449K | $17.0M | −$16.5M |
| Mar 2026 | $1.1M | $13.6M | −$12.5M |
| Feb 2026 | $1.1M | $30.9M | −$29.8M |
| Jan 2026 | $1.8M | $7.2M | −$5.4M |
| Dec 2025 | $12.9M | $17.1M | −$4.3M |
| Nov 2025 | $1.5M | $12.8M | −$11.3M |
| Oct 2025 | $6.4M | $9.3M | −$2.9M |
| Sep 2025 | $2.1M | $2.4M | −$333K |
| Aug 2025 | $3.0M | $3.4M | −$369K |
HLRZX Assets Under Management
Net assets of Harding Loevner International Small Companies Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $173.71M |
| 2026-04-30 | $187.80M |
| 2026-01-30 | $245.54M |
| 2025-10-31 | $267.14M |
| 2025-07-31 | $276.08M |
| 2025-04-30 | $301.39M |
| 2025-01-31 | $429.56M |
| 2024-10-31 | $454.42M |
| 2024-07-31 | $494.54M |
| 2024-04-30 | $509.25M |
| 2024-01-31 | $528.21M |
| 2023-10-31 | $468.87M |
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.