HLMEX
Harding Loevner Institutional Emerging Markets Portfolio
HARDING LOEVNER FUNDS INC

Average annual returns

Through 2025
1 year
28.41%
3 year
11.86%
5 year
-0.44%
10 year
5.74%

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.)
13.73%
Sharpe
0.82
Sortino
1.38
Max drawdown
-41.24%
Best month
13.84%
Worst month
-20.06%
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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