HLEZX
Harding Loevner Institutional Emerging Markets Portfolio
HARDING LOEVNER FUNDS INC

Average annual returns

Through 2025
1 year
28.51%
3 year
11.97%
5 year
-0.34%
10 year
5.89%

Standardized average annual total returns (before tax), from calendar-year returns; recent years derived from N-PORT monthly data.

Calendar-year returns

Risk statistics

78 months through Jan. 31, 2026
Volatility (ann.)
13.72%
Sharpe
0.83
Sortino
1.39
Max drawdown
-41.16%
Best month
13.86%
Worst month
-20.04%
Beta vs VTIAX
1.04
Correlation
0.87

Derived from N-PORT monthly total returns; distinct from the prospectus returns above.

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