Fund Evaluator:

Harding Loevner International Eq Instl Z Overview

Harding Loevner International Eq Instl Z (HLIZX) is an actively managed International Equity Foreign Large Blend fund. Harding Loevner launched the fund in 2017.

The investment seeks long-term capital appreciation. The fund invests in companies based in developed markets outside the U.S. as well as in companies in emerging and frontier markets. It normally invests 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 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. The fund normally holds investments across at least 15 countries.

About Harding Loevner International Eq Instl Z (HLIZX)

There are 4 members of the management team with an average tenure of 11.48 years: Andrew West (2014), Uday Cheruvu (2024), Patrick Todd (2017), Ferrill Roll (2004). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI ACWI Ex USA NR USD index with a weighting of 100%. Harding Loevner International Eq Instl Z has 69 securities in its portfolio. The top 10 holdings constitute 30.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Harding Loevner International Eq Instl Z is part of the Equity global asset class and is within the International Equity fund group. Harding Loevner International Eq Instl Z has 97.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 97.4% 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 International Eq Instl Z has 2.6% of the portfolio in cash.

Assets Under Management

The fund has $2 billion in total assets, which is below the $2 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.

HLIZX 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 International Eq Instl Z expense ratio is above average compared to funds in the Foreign Large Blend category. Harding Loevner International Eq Instl Z has an expense ratio of 0.73%, which is 22% lower than its category average, making the fund expense ratio grade a B. 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 International Eq Instl Z has a portfolio turnover rate of 25%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Blend category.

Recently, in the month of July 2026, Harding Loevner International Eq Instl Z returned 0.6%, which earned it a grade of C, as the Foreign Large Blend category had an average return of 0.7%. 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 funds in that category.

Harding Loevner International Eq Instl Z has a trailing yield of 1.65%, which is below the 2.17% category average. The fund normally distributes its income 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 International Eq Instl Z Grades

Year to date, the fund has returned 15.4%, 3.8 percentage points better than the category, which translates into a grade of A. The fund has returned 28.8% over the past year (grade of A), 14.9% over the past three years (grade of D) and 6.7% per year over the past five years (grade of F) and 9.4% per year over the past 10 years (grade of B).

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