ETF Evaluator: Harding Loevner Intl Dev Mkts Sel Eq ETF (LOEV) Follow This ETF

Harding Loevner Intl Dev Mkts Sel Eq ETF Overview

Harding Loevner Intl Dev Mkts Sel Eq ETF (LOEV) is an actively managed International Equity Foreign Large Blend exchange-traded fund (ETF). Harding Loevner launched the ETF in 2022.

The investment seeks long-term capital appreciation through investments in equity securities of companies based in developed markets outside the United States. 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 in developed markets 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.

About Harding Loevner Intl Dev Mkts Sel Eq ETF (LOEV)

There are 4 members of the management team with an average tenure of 3.51 years: Andrew West (2022), Uday Cheruvu (2024), Patrick Todd (2022) and Ferrill Roll (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: MSCI World ex USA NR USD index with a weighting of 100%. Harding Loevner Intl Dev Mkts Sel Eq ETF has 53 securities in its portfolio. The top 10 holdings constitute 35.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Harding Loevner Intl Dev Mkts Sel Eq ETF is part of the Equity global asset class and is within the International Equity ETF group. Harding Loevner Intl Dev Mkts Sel Eq ETF has 98.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 98.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Harding Loevner Intl Dev Mkts Sel Eq ETF has 1.9% of the portfolio in cash.

Assets Under Management

The fund has $89 million in total assets, which is below the $9 billion average for the Foreign Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

LOEV Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Harding Loevner Intl Dev Mkts Sel Eq ETF expense ratio is above average compared to funds in the Foreign Large Blend category. Harding Loevner Intl Dev Mkts Sel Eq ETF has an expense ratio of 0.70%, which is 77% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Harding Loevner Intl Dev Mkts Sel Eq ETF has a portfolio turnover rate of 28%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 38% for the Foreign Large Blend category.

Recently, in the month of July 2026, Harding Loevner Intl Dev Mkts Sel Eq ETF returned 0.7%, which earned it a grade of C, as the Foreign Large Blend category had an average return of 1.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Harding Loevner Intl Dev Mkts Sel Eq ETF has a trailing yield of 2.30%, which is below the 2.56% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Harding Loevner Intl Dev Mkts Sel Eq ETF Grades

Year to date, the ETF has returned 15.3%, 3.2 percentage points better than the category, which translates into a grade of A. The fund has returned 26.0% over the past year (grade of C) and 13.6% over the past three years (grade of F).

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