# EDGAR Filing Document

**Accession Number:** 0001018170
**File Stem:** 0001145549-25-042065
**Filing Date:** 2025-6
**Character Count:** 26267
**Document Hash:** cbd1e7da90a9a5d26e465f313e5008ac
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-042065.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001145549-25-042065

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HARDING LOEVNER FUNDS INC
- **CENTRAL INDEX KEY:** 0001018170

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07739
- **FILM NUMBER:** 251076227

**BUSINESS ADDRESS:**
- **STREET 1:** 400 CROSSING BLVD.
- **STREET 2:** FOURTH FLOOR
- **CITY:** BRIDGEWATER
- **STATE:** NJ
- **ZIP:** 08807
- **BUSINESS PHONE:** 8774358105

**MAIL ADDRESS:**
- **STREET 1:** 333 S. WABASH AVENUE
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60604

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HLM FUNDS INC/ FA
- **DATE OF NAME CHANGE:** 19960705

## Series and Classes Contracts Data

### Harding Loevner Frontier Emerging Markets Portfolio (Series ID: S000022393)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000064415 | Institutional Class   | HLFMX           |
| C000064416 | Investor              | HLMOX           |
| C000179660 | Institutional Class Z | HLFZX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** HARDING LOEVNER FUNDS INC

- **b. Investment Company Act file number:** 811-07739

- **c. CIK number of Registrant:** 0001018170

- **d. LEI of Registrant:** 549300RX80LYD8D1FL23

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 400 Crossing Blvd.

  - **City:** Bridgewater

  - **State:** NJ

  - **Foreign country:** US

  - **Zip / Postal Code:** 08807

  - **Telephone number:** 877-435-8105

**Item A.2. Information about the Series.**

- **a. Name of Series:** Harding Loevner Frontier Emerging Markets Portfolio

- **b. EDGAR series identifier (if any):** S000022393

- **c. LEI of Series:** 549300A76GPCTL6FKY11

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $125632727.64

**Total Liabilities:** $232816.07

**Net Assets:** $125399911.57

**Cash Not Reported:** $16540.23

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000064415 | -0.25%               | 0.63%                | 1.26%                |
| Class ID C000064416 | -0.25%               | 0.63%                | 1.13%                |
| Class ID C000179660 | -0.25%               | 0.75%                | 1.24%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-225210.07              | $-26881.45                                 |
| Month 2  | $663412.84               | $15675.69                                  |
| Month 3  | $408763.96               | $134194.24                                 |

### Schedule of Portfolio Investments

| Name                                                     | Title                                                                             | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Attijariwafa Bank                                        | Attijariwafa Bank MAD10                                                           | CUSIP: V0378K154<br>LEI: 213800NKX83414QQZ664 | Long             | EC               | CORP              | MA        |     34175 | NS      | $2443452.01   | 1.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Helios Towers PLC                                        | Helios Towers PLC ORD GBP0.01                                                     | CUSIP: G4431S102<br>LEI: 213800DGC7GS4XCHCU30 | Long             | EC               | CORP              | GB        |    534934 | NS      | $765395.18    | 0.61%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Robinsons Retail Holdings Inc.                           | Robinsons Retail Holdings Inc. PHP1                                               | CUSIP: Y7318T101<br>LEI: N/A                  | Long             | EC               | CORP              | PH        |   1559250 | NS      | $1095622.10   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Central Asia Tbk PT                                 | Bank Central Asia Tbk PT IDR12.50                                                 | CUSIP: Y7123P138<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |   4130100 | NS      | $2219697.86   | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Airtel Africa PLC                                        | Airtel Africa PLC ORD USD0.5                                                      | CUSIP: G01415101<br>LEI: 254900ZNZDQL6OWQH623 | Long             | EC               | CORP              | GB        |   1079737 | NS      | $2475416.92   | 1.97%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Globant S.A                                              | Globant S.A USD1.20                                                               | CUSIP: L44385109<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | LU        |     21820 | NS      | $2565377.40   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Saigon Beer Alcohol Beverage Corporation                 | Saigon Beer Alcohol Beverage Corporation VND10000                                 | CUSIP: Y7397K112<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |   1053720 | NS      | $1952556.33   | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Cementos Pacasmayo S.A.A.                                | Cementos Pacasmayo S.A.A. PEN1                                                    | CUSIP: P7316X104<br>LEI: 254900OJMN6689Q6X421 | Long             | EC               | CORP              | PE        |    149125 | NS      | $170865.62    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Joint Stock Commercial Bank For Foreign Trade Of Vietnam | Joint Stock Commercial Bank For Foreign Trade Of Vietnam VND10000                 | CUSIP: Y444A7106<br>LEI: 2549004TS5QUBFGAWE51 | Long             | EC               | CORP              | VN        |   1796735 | NS      | $3965641.00   | 3.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Century Pacific Food Inc                                 | Century Pacific Food Inc PHP1                                                     | CUSIP: Y1249R102<br>LEI: 254900NFV7QTJB821G52 | Long             | EC               | CORP              | PH        |   2232400 | NS      | $1535851.07   | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Societatea National De Gaze N Romgaz Sa                  | Societatea National De Gaze N Romgaz Sa RON1                                      | CUSIP: X8T90R107<br>LEI: 2549009R7KJ38D9RW354 | Long             | EC               | CORP              | RO        |   1335370 | NS      | $1807902.57   | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Mobile World Investment Corporation                      | Mobile World Investment Corporation VND10000                                      | CUSIP: Y604K2105<br>LEI: 254900ZRFNB8CRAHHO95 | Long             | EC               | CORP              | VN        |    999900 | NS      | $2344812.49   | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Vietnam Dairy Products JSC                               | Vietnam Dairy Products JSC VND10000                                               | CUSIP: Y9365V104<br>LEI: 549300148GRJ07D21X63 | Long             | EC               | CORP              | VN        |    995894 | NS      | $2210399.30   | 1.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Krka d.d.                                                | Krka d.d. NPV                                                                     | CUSIP: X4571Y100<br>LEI: 549300H9RLRTRTLRUZ73 | Long             | EC               | CORP              | SI        |     10993 | NS      | $2167336.44   | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Brac Bank PLC                                            | Brac Bank PLC BDT10                                                               | CUSIP: Y0969T108<br>LEI: 254900EHCK80ARTPIK21 | Long             | EC               | CORP              | BD        |   4063376 | NS      | $1651285.97   | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| FPT Corp.                                                | FPT Corp. VND10000                                                                | CUSIP: Y26333107<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |    518500 | NS      | $2187511.78   | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Jarir Marketing Company                                  | Jarir Marketing Company SAR1                                                      | CUSIP: M6185P112<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |    232376 | NS      | $782246.04    | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Cementos Argos Sa                                        | Cementos Argos Sa ADR EACH REPR 5 ORD SHS                                         | CUSIP: 151260106<br>LEI: 549300H7BB3SSJRSL735 | Long             | EC               | CORP              | CO        |    250150 | NS      | $3173077.71   | 2.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Grameenphone Ltd                                         | Grameenphone Ltd BDT10                                                            | CUSIP: Y2844C110<br>LEI: N/A                  | Long             | EC               | CORP              | BD        |    271823 | NS      | $667132.56    | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Properties PJSC                                    | Emaar Properties PJSC AED1                                                        | CUSIP: M4025S107<br>LEI: 254900YWYEXYXK1BMP81 | Long             | EC               | CORP              | AE        |   1177434 | NS      | $4206042.04   | 3.35%             |  |  |  | No            |                  2 | On Loan: No      |
| EPAM Systems Inc.                                        | EPAM Systems Inc. COM USD0.001                                                    | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |      6127 | NS      | $961387.57    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Astra International Tbk PT                               | Astra International Tbk PT IDR50                                                  | CUSIP: Y7117N172<br>LEI: 529900L49TRJOMG4DK47 | Long             | EC               | CORP              | ID        |   5210200 | NS      | $1507781.16   | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| PT Sumber Alfaria Trijaya Tbk                            | PT Sumber Alfaria Trijaya Tbk IDR10                                               | CUSIP: Y71362118<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |   7766600 | NS      | $1011181.90   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Bupa Arabia For Cooperative Insurance Co.                | Bupa Arabia For Cooperative Insurance Co. SAR10                                   | CUSIP: M20515116<br>LEI: 558600B2WJHD5P31XS68 | Long             | EC               | CORP              | SA        |     15851 | NS      | $717608.80    | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Halyk Savings Bank Of Kazakhstan JSC Almaty              | Halyk Savings Bank Of Kazakhstan JSC Almaty GDR EACH REPR 40 ORD SHS'REGS' (SPON) | CUSIP: 46627J302<br>LEI: 213800NYDTVQM4SDUD67 | Long             | EC               | CORP              | KZ        |    222852 | NS      | $5408167.39   | 4.31%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Baltic Classifieds Group PLC                             | Baltic Classifieds Group PLC ORD GBP0.01                                          | CUSIP: G07167102<br>LEI: 213800I1RPHCFSSQS969 | Long             | EC               | CORP              | GB        |    804287 | NS      | $3662478.14   | 2.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Saigon Cargo Service Corp                                | Saigon Cargo Service Corp VND10000                                                | CUSIP: Y73981105<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |    501594 | NS      | $1149026.33   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Allegro.eu SA                                            | Allegro.eu SA PLN0.01                                                             | CUSIP: L0R67D109<br>LEI: 222100VRLXV3FPMG4982 | Long             | EC               | CORP              | LU        |    265807 | NS      | $2323627.40   | 1.85%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Mouwasat Medical Services Co                             | Mouwasat Medical Services Co SAR10                                                | CUSIP: M7065G107<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |     58166 | NS      | $1121957.62   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Wilcon Depot Inc                                         | Wilcon Depot Inc PHP1                                                             | CUSIP: Y9584X105<br>LEI: N/A                  | Long             | EC               | CORP              | PH        |  14619700 | NS      | $1785796.05   | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Integrated Diagnostics Holdings Plc                      | Integrated Diagnostics Holdings Plc ORD USD0.25                                   | CUSIP: G4836Q115<br>LEI: 2138007JN9NUWKKTS790 | Long             | EC               | CORP              | JE        |    815436 | NS      | $281801.15    | 0.22%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HOA Phat Group Jsc                                       | HOA Phat Group Jsc VND10000                                                       | CUSIP: Y3231H100<br>LEI: 549300ODJEFGL5CWKD32 | Long             | EC               | CORP              | VN        |   3068669 | NS      | $3015498.84   | 2.40%             |  |  |  | No            |                  2 | On Loan: No      |
| BDO Unibank Inc.                                         | BDO Unibank Inc. PHP10                                                            | CUSIP: Y07775102<br>LEI: 3FGIIBS1PEI1FYQBGN97 | Long             | EC               | CORP              | PH        |   1098865 | NS      | $3135617.97   | 2.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Agthia Group Pjsc                                        | Agthia Group Pjsc COM STK AED1                                                    | CUSIP: M02421101<br>LEI: 984500EB43881B7AD148 | Long             | EC               | CORP              | AE        |   1132098 | NS      | $1395466.51   | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Northern Institutional Funds                             | Northern Institutional Funds TREAS PRT PRMR                                       | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   4006304 | NS      | $4006303.78   | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Credicorp Ltd.                                           | Credicorp Ltd. COM USD5                                                           | CUSIP: G2519Y108<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |     30878 | NS      | $6243222.82   | 4.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Bancolombia SA                                           | Bancolombia SA SPON ADS EACH REP 4 PRF SHS                                        | CUSIP: 05968L102<br>LEI: 54930052NWJRPNMP1W58 | Long             | EC               | CORP              | CO        |     60944 | NS      | $2457262.08   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Alicorp SAA                                              | Alicorp SAA PEN1                                                                  | CUSIP: P0161K103<br>LEI: 549300Z1XH47TTIIJS11 | Long             | EC               | CORP              | PE        |    259766 | NS      | $581808.94    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferreycorp S A A                                         | Ferreycorp S A A PEN1                                                             | CUSIP: P39238103<br>LEI: 529900LVRQMD6PSRZA32 | Long             | EC               | CORP              | PE        |   3202508 | NS      | $2612259.64   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Safaricom Public Limited Company                         | Safaricom Public Limited Company KES0.05                                          | CUSIP: V74587102<br>LEI: N/A                  | Long             | EC               | CORP              | KE        |  10590650 | NS      | $1436494.97   | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Ericsson Nikola Tesla D.D.                               | Ericsson Nikola Tesla D.D. NPV                                                    | CUSIP: X2205U106<br>LEI: 5299001W91BFWSUOVD63 | Long             | EC               | CORP              | HR        |      1022 | NS      | $217981.97    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Kaspi.Kz JSC                                             | Kaspi.Kz JSC SPONSORED ADS                                                        | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             | EC               | CORP              | KZ        |     42027 | NS      | $3693753.03   | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial International Bank (Egypt) SAE                | Commercial International Bank (Egypt) SAE GDR EACH REPR 1 ORD EGP10 REG'S'        | CUSIP: 201712205<br>LEI: 213800FIIXJAMEVRIH48 | Long             | EC               | CORP              | EG        |   1819385 | NS      | $2839492.26   | 2.26%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Banca Transilvania SA                                    | Banca Transilvania SA RON10                                                       | CUSIP: X0308Q105<br>LEI: 549300RG3H390KEL8896 | Long             | EC               | CORP              | RO        |    906617 | NS      | $5847447.69   | 4.66%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                            | HSBC 0 05/30/25 EMUC                                                              | CUSIP: G4R7BQLJ8<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | DBT              | CORP              | GB        |    264494 | PA      | $1213712.11   | 0.97%             | 2025-05-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Jollibee Foods Corp.                                     | Jollibee Foods Corp. PHP1                                                         | CUSIP: Y4466S100<br>LEI: 2138009XN3KTAAKUPR35 | Long             | EC               | CORP              | PH        |    781870 | NS      | $3193822.55   | 2.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of the Philippine Islands                           | Bank of the Philippine Islands PHP10                                              | CUSIP: Y0967S169<br>LEI: 549300UW4UH6XT2X8C50 | Long             | EC               | CORP              | PH        |   1233920 | NS      | $3092950.43   | 2.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Bumrungrad Hospital Public Co Ltd.                       | Bumrungrad Hospital Public Co Ltd. THB1(ALIEN)                                    | CUSIP: Y1002E256<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |    180500 | NS      | $891558.15    | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Maroc Telecom                                            | Maroc Telecom MAD6                                                                | CUSIP: V5721T117<br>LEI: 254900LH0G1ZIZ78Y462 | Long             | EC               | CORP              | MA        |     64786 | NS      | $806337.98    | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| International Container Terminal Services Inc.           | International Container Terminal Services Inc. PHP1                               | CUSIP: Y41157101<br>LEI: 254900FU1MWK0I0Q4J61 | Long             | EC               | CORP              | PH        |    658930 | NS      | $4047485.33   | 3.23%             |  |  |  | No            |                  2 | On Loan: No      |
| SM Prime Holdings Inc.                                   | SM Prime Holdings Inc. ORD PHP1                                                   | CUSIP: Y8076N112<br>LEI: 254900SZK83MIAB8CU32 | Long             | EC               | CORP              | PH        |   8422400 | NS      | $3674438.59   | 2.93%             |  |  |  | No            |                  2 | On Loan: No      |
| East African Breweries PLC                               | East African Breweries PLC KES2                                                   | CUSIP: V3140P105<br>LEI: 984500BEE8483EAED424 | Long             | EC               | CORP              | KE        |    356300 | NS      | $479065.81    | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Square Pharmaceuticals PLC                               | Square Pharmaceuticals PLC BDT10                                                  | CUSIP: Y8132X104<br>LEI: 254900R3NU1J5X39Y909 | Long             | EC               | CORP              | BD        |   1073017 | NS      | $1881962.08   | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Universal Robina Corp.                                   | Universal Robina Corp. PHP1                                                       | CUSIP: Y9297P100<br>LEI: N/A                  | Long             | EC               | CORP              | PH        |    984620 | NS      | $1460155.58   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Sodep Marsa Maroc                                        | Sodep Marsa Maroc MAD10                                                           | CUSIP: V8006D104<br>LEI: N/A                  | Long             | EC               | CORP              | MA        |     59098 | NS      | $4767860.65   | 3.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Equity Group Holdings Ltd                                | Equity Group Holdings Ltd KES0.50                                                 | CUSIP: V3254M104<br>LEI: 2549004UU5YYSKKYY479 | Long             | EC               | CORP              | KE        |   3915800 | NS      | $1383880.26   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| AL Rajhi Banking & Investment Corp                       | AL Rajhi Banking & Investment Corp SAR10                                          | CUSIP: M0R60D105<br>LEI: 558600BQZS4Y1DTU8589 | Long             | EC               | CORP              | SA        |     42020 | NS      | $1098478.31   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-28

**Name of Applicant:** HARDING LOEVNER FUNDS INC

**Signature:** Tracy L. Dotolo

**Name of Signer:** Tracy L. Dotolo

**Title:** Chief Financial Officer