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Morningstar

Harding Loevner Emerging Markets Advisor HLEMX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 43.99  /  1.34 %
  • Total Assets 1.4 Bil
  • Adj. Expense Ratio
    1.190%
  • Expense Ratio 1.190%
  • Distribution Fee Level Average
  • Share Class Type No Load
  • Category Diversified Emerging Mkts
  • Investment Style Large Blend
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield 0.79%
  • Turnover 33%

USD | NAV as of Feb 01, 2023 | 1-Day Return as of Feb 01, 2023, 11:47 PM GMT+00:00

Morningstar’s Analysis HLEMX

Will HLEMX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HLEMX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the HLEMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of HLEMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Still attractive all things considered.

Senior Analyst

Summary

| by William Samuel Rocco

Harding Loevner Emerging Markets still has a fine parent and a strong team, but its Process rating has been lowered to Above Average from High because of execution issues in recent years. Thus, the separate account's Morningstar Analyst Rating has dropped to Silver from Gold, and two of the mutual fund share classes fall to Bronze from Silver, while the cheapest mutual fund share class stays at Silver.

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