# EDGAR Filing Document

**Accession Number:** 0001018170
**File Stem:** 0002066578-25-001808
**Filing Date:** 2025-12
**Character Count:** 25495
**Document Hash:** a88a6e63067ca5cc1744d9bac127af52
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002066578-25-001808.hdr.sgml**: 20251212

**ACCESSION NUMBER**: 0002066578-25-001808

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251212

**DATE AS OF CHANGE**: 20251212

**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:** 251568999

**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:** 2025-10-31

**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:** $132283809.70

**Total Liabilities:** $244945.25

**Net Assets:** $132038864.45

**Cash Not Reported:** $28447.48

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000064415 | 3.89%                | -1.43%               | 1.67%                |
| Class ID C000064416 | 3.90%                | -1.54%               | 1.68%                |
| Class ID C000179660 | 3.95%                | -1.41%               | 1.65%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2217123.26              | $3063242.98                                |
| Month 2  | $1784969.56              | $-4245147.01                               |
| Month 3  | $-12118.26               | $2191819.06                                |

### 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        |     48827 | NS      | $4083686.21   | 3.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Baltic Classifieds Group PLC                             | Baltic Classifieds Group PLC ORD GBP0.01                                          | CUSIP: G07167102<br>LEI: 213800I1RPHCFSSQS969 | Long             | EC               | CORP              | GB        |    734544 | NS      | $2847520.06   | 2.16%             |  |  |  | No            |                  2 | On Loan: No      |
| HOA Phat Group Jsc                                       | HOA Phat Group Jsc VND10000                                                       | CUSIP: Y3231H100<br>LEI: 549300ODJEFGL5CWKD32 | Long             | EC               | CORP              | VN        |   4713702 | NS      | $4782742.05   | 3.62%             |  |  |  | No            |                  2 | On Loan: No      |
| BDO Unibank Inc.                                         | BDO Unibank Inc. PHP10                                                            | CUSIP: Y07775102<br>LEI: 3FGIIBS1PEI1FYQBGN97 | Long             | EC               | CORP              | PH        |   1156101 | NS      | $2621610.20   | 1.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Agthia Group Pjsc                                        | Agthia Group Pjsc COM STK AED1                                                    | CUSIP: M02421101<br>LEI: 984500EB43881B7AD148 | Long             | EC               | CORP              | AE        |    581568 | NS      | $612806.52    | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Saigon Beer Alcohol Beverage Corporation                 | Saigon Beer Alcohol Beverage Corporation VND10000                                 | CUSIP: Y7397K112<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |    948920 | NS      | $1652761.02   | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Saigon Cargo Service Corp                                | Saigon Cargo Service Corp VND10000                                                | CUSIP: Y73981105<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |    449594 | NS      | $962488.70    | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Allegro.eu SA                                            | Allegro.eu SA PLN0.01                                                             | CUSIP: L0R67D109<br>LEI: 222100VRLXV3FPMG4982 | Long             | EC               | CORP              | LU        |    242797 | NS      | $2266190.47   | 1.72%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Alicorp SAA                                              | Alicorp SAA PEN1                                                                  | CUSIP: P0161K103<br>LEI: 549300Z1XH47TTIIJS11 | Long             | EC               | CORP              | PE        |    595623 | NS      | $1627723.63   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Helios Towers PLC                                        | Helios Towers PLC ORD GBP0.01                                                     | CUSIP: G4431S102<br>LEI: 213800DGC7GS4XCHCU30 | Long             | EC               | CORP              | GB        |    486236 | NS      | $957609.89    | 0.73%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Kaspi.Kz JSC                                             | Kaspi.Kz JSC SPONSORED ADS                                                        | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             | EC               | CORP              | KZ        |     55570 | NS      | $4156080.30   | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Akdital S.A                                              | Akdital S.A MAD10                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MA        |     15556 | NS      | $2409779.62   | 1.83%             |  |  |  | No            |                  2 | 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        |   1340008 | NS      | $2860716.82   | 2.17%             |  |  |  | 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      | $1189435.91   | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Wilcon Depot Inc                                         | Wilcon Depot Inc PHP1                                                             | CUSIP: Y9584X105<br>LEI: N/A                  | Long             | EC               | CORP              | PH        |   6208400 | NS      | $807375.79    | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Cibest SA                                          | Grupo Cibest SA SPON ADS                                                          | CUSIP: 40090E106<br>LEI: N/A                  | Long             | EC               | CORP              | CO        |     87869 | NS      | $5099916.76   | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Krka d.d.                                                | Krka d.d. NPV                                                                     | CUSIP: X4571Y100<br>LEI: 549300H9RLRTRTLRUZ73 | Long             | EC               | CORP              | SI        |      9927 | NS      | $2378934.51   | 1.80%             |  |  |  | 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        |    647990 | NS      | $5830774.23   | 4.42%             |  |  |  | No            |                  2 | On Loan: No      |
| SM Prime Holdings Inc.                                   | SM Prime Holdings Inc. ORD PHP1                                                   | CUSIP: Y8076N112<br>LEI: 254900SZK83MIAB8CU32 | Long             | EC               | CORP              | PH        |   8698300 | NS      | $3304926.19   | 2.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Universal Robina Corp.                                   | Universal Robina Corp. PHP1                                                       | CUSIP: Y9297P100<br>LEI: N/A                  | Long             | EC               | CORP              | PH        |    984620 | NS      | $1221279.53   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Sodep Marsa Maroc                                        | Sodep Marsa Maroc MAD10                                                           | CUSIP: V8006D104<br>LEI: N/A                  | Long             | EC               | CORP              | MA        |     57608 | NS      | $6182614.09   | 4.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Kazatomprom JSC National Atomic Co.                      | Kazatomprom JSC National Atomic Co. GDR (EACH REPR 1 ORD) (REG S)                 | CUSIP: 63253R201<br>LEI: 5493008JG5TXJP2JSY44 | Long             | EC               | CORP              | KZ        |     58198 | NS      | $3404930.27   | 2.58%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Map Aktif Adiperkasa Tbk PT                              | Map Aktif Adiperkasa Tbk PT IDR10                                                 | CUSIP: Y581AR101<br>LEI: 254900N3WK9AC24SVF17 | Long             | EC               | CORP              | ID        |  21764500 | NS      | $915306.37    | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Airtel Africa PLC                                        | Airtel Africa PLC ORD USD0.5                                                      | CUSIP: G01415101<br>LEI: 254900ZNZDQL6OWQH623 | Long             | EC               | CORP              | GB        |    982440 | NS      | $3576034.34   | 2.71%             |  |  |  | Yes           |                  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      | $693539.39    | 0.53%             |  |  |  | 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        |     92990 | NS      | $2483021.70   | 1.88%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Globant S.A                                              | Globant S.A USD1.20                                                               | CUSIP: L44385109<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | LU        |     19612 | NS      | $1207706.96   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                             | Northern Institutional Funds TREAS PRT PRMR                                       | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   2976177 | NS      | $2976177.39   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Credicorp Ltd.                                           | Credicorp Ltd. COM USD5                                                           | CUSIP: G2519Y108<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |     23081 | NS      | $6024141.00   | 4.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferreycorp S A A                                         | Ferreycorp S A A PEN1                                                             | CUSIP: P39238103<br>LEI: 529900LVRQMD6PSRZA32 | Long             | EC               | CORP              | PE        |   1048242 | NS      | $1024421.86   | 0.78%             |  |  |  | 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        |  11129550 | NS      | $2607542.89   | 1.97%             |  |  |  | No            |                  2 | 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        |   1988435 | NS      | $4500561.35   | 3.41%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                            | HSBC 0 05/28/26 111a                                                              | CUSIP: G4R7CQKT6<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | DBT              | CORP              | GB        |    171904 | PA      | $872980.08    | 0.66%             | 2026-05-28      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Century Pacific Food Inc                                 | Century Pacific Food Inc PHP1                                                     | CUSIP: Y1249R102<br>LEI: 254900NFV7QTJB821G52 | Long             | EC               | CORP              | PH        |   2038000 | NS      | $1212543.34   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Banca Transilvania SA                                    | Banca Transilvania SA RON10                                                       | CUSIP: X0308Q105<br>LEI: 549300RG3H390KEL8896 | Long             | EC               | CORP              | RO        |    896578 | NS      | $5690788.14   | 4.31%             |  |  |  | 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        |    717979 | NS      | $1555031.62   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Mobile World Investment Corporation                      | Mobile World Investment Corporation VND10000                                      | CUSIP: Y604K2105<br>LEI: 254900ZRFNB8CRAHHO95 | Long             | EC               | CORP              | VN        |   1552100 | NS      | $4869865.55   | 3.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Jollibee Foods Corp.                                     | Jollibee Foods Corp. PHP1                                                         | CUSIP: Y4466S100<br>LEI: 2138009XN3KTAAKUPR35 | Long             | EC               | CORP              | PH        |   1050290 | NS      | $3867060.86   | 2.93%             |  |  |  | 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        |   1338450 | NS      | $2397563.51   | 1.82%             |  |  |  | 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        |    161700 | NS      | $860132.98    | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Maroc Telecom                                            | Maroc Telecom MAD6                                                                | CUSIP: V5721T117<br>LEI: 254900LH0G1ZIZ78Y462 | Long             | EC               | CORP              | MA        |    183998 | NS      | $2374652.49   | 1.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Vietnam Dairy Products JSC                               | Vietnam Dairy Products JSC VND10000                                               | CUSIP: Y9365V104<br>LEI: 549300148GRJ07D21X63 | Long             | EC               | CORP              | VN        |    926494 | NS      | $2027938.46   | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Brac Bank PLC                                            | Brac Bank PLC BDT10                                                               | CUSIP: Y0969T108<br>LEI: 254900EHCK80ARTPIK21 | Long             | EC               | CORP              | BD        |   2063905 | NS      | $1145357.11   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Square Pharmaceuticals PLC                               | Square Pharmaceuticals PLC BDT10                                                  | CUSIP: Y8132X104<br>LEI: 254900R3NU1J5X39Y909 | Long             | EC               | CORP              | BD        |    583241 | NS      | $1017922.89   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Kcb Group PLC                                            | Kcb Group PLC KES10                                                               | CUSIP: V5337U128<br>LEI: N/A                  | Long             | EC               | CORP              | KE        |   1671500 | NS      | $795840.95    | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| FPT Corp.                                                | FPT Corp. VND10000                                                                | CUSIP: Y26333107<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |    633775 | NS      | $2502007.71   | 1.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Equity Group Holdings Ltd                                | Equity Group Holdings Ltd KES0.50                                                 | CUSIP: V3254M104<br>LEI: 2549004UU5YYSKKYY479 | Long             | EC               | CORP              | KE        |   2305400 | NS      | $1180971.25   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| AL Rajhi Bank                                            | AL Rajhi Bank SAR10                                                               | CUSIP: M0R60D105<br>LEI: 558600BQZS4Y1DTU8589 | Long             | EC               | CORP              | SA        |     42020 | NS      | $1185817.80   | 0.90%             |  |  |  | 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        |   3771000 | NS      | $1925479.67   | 1.46%             |  |  |  | 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        |    229449 | NS      | $3071496.09   | 2.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Grameenphone Ltd                                         | Grameenphone Ltd BDT10                                                            | CUSIP: Y2844C110<br>LEI: N/A                  | Long             | EC               | CORP              | BD        |    198888 | NS      | $460096.91    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Properties PJSC                                    | Emaar Properties PJSC AED1                                                        | CUSIP: M4025S107<br>LEI: 254900YWYEXYXK1BMP81 | Long             | EC               | CORP              | AE        |    714809 | NS      | $2762855.86   | 2.09%             |  |  |  | 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      | $1002009.58   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Astra International Tbk PT                               | Astra International Tbk PT IDR50                                                  | CUSIP: Y7117N172<br>LEI: 529900L49TRJOMG4DK47 | Long             | EC               | CORP              | ID        |   4869900 | NS      | $1805754.75   | 1.37%             |  |  |  | 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        |   7220900 | NS      | $870333.47    | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

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

**Signature:** Tracy L. Dotolo

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

**Title:** Chief Financial Officer