# EDGAR Filing Document

**Accession Number:** 0001018170
**File Stem:** 0001145549-25-042072
**Filing Date:** 2025-6
**Character Count:** 32785
**Document Hash:** 5acf75c020ac94fc8579f90e12d2a08c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-042072.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001145549-25-042072

**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:** 251076234

**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 International Small Companies Portfolio (Series ID: S000016295)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000045116 | INSTITUTIONAL         | HLMRX           |
| C000045117 | INVESTOR              | HLMSX           |
| C000240396 | Institutional Class Z | HLRZX           |

## 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 International Small Companies Portfolio

- **b. EDGAR series identifier (if any):** S000016295

- **c. LEI of Series:** 549300YSPKR5PSX0T348

**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:** $301842754.32

**Total Liabilities:** $457601.87

**Net Assets:** $301385152.45

**Cash Not Reported:** $468379.62

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000045116 | -2.24%               | -0.47%               | 6.13%                |
| Class ID C000045117 | -2.26%               | -0.47%               | 6.14%                |
| Class ID C000240396 | -2.24%               | -0.41%               | 6.13%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1652653.46              | $-9346520.84                               |
| Month 2  | $-934428.33              | $-986982.47                                |
| Month 3  | $9179072.11              | $7580207.50                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Robinsons Retail Holdings Inc.               | Robinsons Retail Holdings Inc. PHP1                          | CUSIP: Y7318T101<br>LEI: N/A                  | Long             | EC               | CORP              | PH        |   5516500 | NS      | $3876222.11   | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Eclat Textile Co Ltd.                        | Eclat Textile Co Ltd. TWD10                                  | CUSIP: Y2237Y109<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     99909 | NS      | $1298715.99   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| GMO Payment Gateway Inc.                     | GMO Payment Gateway Inc. NPV                                 | CUSIP: J18229104<br>LEI: 353800Q6U21E2PM83F86 | Long             | EC               | CORP              | JP        |     83700 | NS      | $5249143.85   | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Max Financial Services Limited               | Max Financial Services Limited INR2                          | CUSIP: Y5903C145<br>LEI: 335800Y9FX8XGFB64S40 | Long             | EC               | CORP              | IN        |    412304 | NS      | $6372441.05   | 2.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Misumi Group Inc.                            | Misumi Group Inc. NPV                                        | CUSIP: J43293109<br>LEI: 353800SJWGE5BEK2V032 | Long             | EC               | CORP              | JP        |    163900 | NS      | $2302058.17   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Santen Pharmaceutical Co Ltd.                | Santen Pharmaceutical Co Ltd. NPV                            | CUSIP: J68467109<br>LEI: 529900TPT3I7C17MIM03 | Long             | EC               | CORP              | JP        |    179000 | NS      | $1811217.88   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| DiaSorin S.p.A.                              | DiaSorin S.p.A. EUR1                                         | CUSIP: T3475Y104<br>LEI: 8156002878BDF0EE4348 | Long             | EC               | CORP              | IT        |     29786 | NS      | $3405052.24   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Square Pharmaceuticals PLC                   | Square Pharmaceuticals PLC BDT10                             | CUSIP: Y8132X104<br>LEI: 254900R3NU1J5X39Y909 | Long             | EC               | CORP              | BD        |   1398648 | NS      | $2453085.55   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Stanley Electric Co Ltd                      | Stanley Electric Co Ltd NPV                                  | CUSIP: J76637115<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    242300 | NS      | $4544093.48   | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Bankinter SA                                 | Bankinter SA EUR0.30(REGD)                                   | CUSIP: E2116H880<br>LEI: VWMYAEQSTOPNV0SUGU82 | Long             | EC               | CORP              | ES        |    386256 | NS      | $4503565.61   | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Grafton Group PLC                            | Grafton Group PLC UT (1 ORD EUR0.05) (CDI)                   | CUSIP: G4035Q189<br>LEI: 635400BE9SBAG61DJ963 | Long             | EC               | CORP              | IE        |    346447 | NS      | $4196594.60   | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Tecan Group AG                               | Tecan Group AG CHF0.10 (REGD)                                | CUSIP: H84774167<br>LEI: 529900CSN9R3BLETSL26 | Long             | EC               | CORP              | CH        |     10926 | NS      | $2133670.83   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Megacable Holdings S. A. B. de C.V.          | Megacable Holdings S. A. B. de C.V. PTG SHS COMP 2 ORD'A'SHS | CUSIP: P652AE117<br>LEI: N/A                  | Long             | EP               | CORP              | MX        |   2304600 | NS      | $5639721.27   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| ASMPT Ltd.                                   | ASMPT Ltd. HKD0.10                                           | CUSIP: G0535Q133<br>LEI: 529900PYFA1HFYKPT360 | Long             | EC               | CORP              | KY        |    142500 | NS      | $960927.10    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Brenntag SE                                  | Brenntag SE NPV                                              | CUSIP: D12459117<br>LEI: NNROIXVWJ7CPSR27SV97 | Long             | EC               | CORP              | DE        |     40132 | NS      | $2671222.71   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Carel Industries S.p.A.                      | Carel Industries S.p.A. NPV                                  | CUSIP: T2R2A6107<br>LEI: 815600115DA6E507AE33 | Long             | EC               | CORP              | IT        |    118108 | NS      | $2365131.48   | 0.78%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Medistim Asa                                 | Medistim Asa NOK0.25                                         | CUSIP: R448B2105<br>LEI: 5967007LIEEXZXJOX483 | Long             | EC               | CORP              | NO        |    137989 | NS      | $2149163.51   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Rightmove PLC                                | Rightmove PLC ORD GBP0.001                                   | CUSIP: G7565D106<br>LEI: 2138001JXGCFKBXYB828 | Long             | EC               | CORP              | GB        |    273781 | NS      | $2703358.63   | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Shift Inc.                                   | Shift Inc. NPV                                               | CUSIP: J7167W103<br>LEI: 353800HJXMOPLJ7BO262 | Long             | EC               | CORP              | JP        |    478900 | NS      | $4406216.27   | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Diploma PLC                                  | Diploma PLC ORD GBP0.05                                      | CUSIP: G27664112<br>LEI: 2138008OGI7VYG8FGR19 | Long             | EC               | CORP              | GB        |    128316 | NS      | $6825932.21   | 2.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinaxis Inc                                  | Kinaxis Inc COM NPV                                          | CUSIP: 49448Q109<br>LEI: 5299009VAZ14K7PFUQ15 | Long             | EC               | CORP              | CA        |     27256 | NS      | $3680331.06   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Teamviewer SE                                | Teamviewer SE NPV                                            | CUSIP: D8T895100<br>LEI: 3912000FZ0R0KEK9JS42 | Long             | EC               | CORP              | DE        |    301175 | NS      | $4599582.57   | 1.53%             |  |  |  | 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        |    826699 | NS      | $3764535.56   | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Fuchs SE                                     | Fuchs SE NPV (REG)                                           | CUSIP: D27462387<br>LEI: 529900SNF9E1P5ZO4P98 | Long             | EC               | CORP              | DE        |    153551 | NS      | $5886391.03   | 1.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Allegro.eu SA                                | Allegro.eu SA PLN0.01                                        | CUSIP: L0R67D109<br>LEI: 222100VRLXV3FPMG4982 | Long             | EC               | CORP              | LU        |    269658 | NS      | $2357292.01   | 0.78%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BELIMO Holding AG                            | BELIMO Holding AG CHF0.05 (REGD)                             | CUSIP: H07171129<br>LEI: 506700339DLX749VEM23 | Long             | EC               | CORP              | CH        |      6700 | NS      | $5664938.66   | 1.88%             |  |  |  | No            |                  2 | On Loan: No      |
| ASPEED Technology Inc.                       | ASPEED Technology Inc. TWD10                                 | CUSIP: Y04044106<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     19000 | NS      | $1788978.05   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Lotus Bakeries                               | Lotus Bakeries NPV                                           | CUSIP: B5783H102<br>LEI: 5493004C0K34IFI67I03 | Long             | EC               | CORP              | BE        |       263 | NS      | $2532350.02   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Shanghai Bochu Electronic Technology Co Ltd. | Shanghai Bochu Electronic Technology Co Ltd. A CNY1          | CUSIP: Y7T83N106<br>LEI: 549300YYZ76IVQGGBM98 | Long             | EC               | CORP              | CN        |     73819 | NS      | $1976879.79   | 0.66%             |  |  |  | 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        |   1393638 | NS      | $1886789.22   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Thule Group AB                               | Thule Group AB NPV                                           | CUSIP: W9T18N112<br>LEI: 549300XHHOGBOERKU333 | Long             | EC               | CORP              | SE        |    139376 | NS      | $3205577.92   | 1.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| S/Hanbell Prec Ma                            | S/Hanbell Prec Ma 'A'CNY1                                    | CUSIP: Y76832107<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    975882 | NS      | $2224204.02   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Yantai China Pet Foods Co.,Ltd.              | Yantai China Pet Foods Co.,Ltd. A CNY1                       | CUSIP: Y973A9100<br>LEI: 655600CR5H76LMBJYO93 | Long             | EC               | CORP              | CN        |    463199 | NS      | $3593869.61   | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Spirax Group PLC                             | Spirax Group PLC ORD GBP0.269230769                          | CUSIP: G83561129<br>LEI: 213800WFVZQMHOZP2W17 | Long             | EC               | CORP              | GB        |     35294 | NS      | $2783970.71   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Airtel Africa PLC                            | Airtel Africa PLC ORD USD0.5                                 | CUSIP: G01415101<br>LEI: 254900ZNZDQL6OWQH623 | Long             | EC               | CORP              | GB        |   3174945 | NS      | $7278913.85   | 2.42%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Verallia                                     | Verallia EUR3.38                                             | CUSIP: F96976117<br>LEI: 5299007YZU978DE0ZY32 | Long             | EC               | CORP              | FR        |    110214 | NS      | $3688186.70   | 1.22%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Tomra Systems ASA                            | Tomra Systems ASA NOK0.50                                    | CUSIP: R91733155<br>LEI: 549300J726JCFJU3VT89 | Long             | EC               | CORP              | NO        |    211370 | NS      | $3340419.94   | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Linea Directa Aseguradora S.A.               | Linea Directa Aseguradora S.A. EUR0.04                       | CUSIP: E7S7AP108<br>LEI: 95980079E2NBJT967T79 | Long             | EC               | CORP              | ES        |   2586562 | NS      | $3768755.06   | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Northern Institutional Funds                 | Northern Institutional Funds TREAS PRT PRMR                  | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |    809010 | NS      | $809009.59    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Alten SA                                     | Alten SA NPV                                                 | CUSIP: F02626103<br>LEI: 969500Y7G9TY7Y24GN07 | Long             | EC               | CORP              | FR        |     35921 | NS      | $3021737.83   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Nemetschek SE                                | Nemetschek SE ORD NPV                                        | CUSIP: D56134105<br>LEI: 529900R0S2IX1S358J38 | Long             | EC               | CORP              | DE        |     32346 | NS      | $4267929.17   | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Evotec SE                                    | Evotec SE NPV                                                | CUSIP: D1646D105<br>LEI: 529900F9KI6OYITO9B12 | Long             | EC               | CORP              | DE        |    526116 | NS      | $4376372.28   | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Vaisala Oyj                                  | Vaisala Oyj SER'A'NPV                                        | CUSIP: X9598K108<br>LEI: 743700RNDD7KU11HW873 | Long             | EC               | CORP              | FI        |     97893 | NS      | $5213604.52   | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Bechtle AG                                   | Bechtle AG NPV                                               | CUSIP: D0873U103<br>LEI: 529900HA2QT774RUXW59 | Long             | EC               | CORP              | DE        |    131925 | NS      | $5612678.78   | 1.86%             |  |  |  | No            |                  2 | On Loan: No      |
| LEM Holdings AG                              | LEM Holdings AG CHF0.50(REGD)                                | CUSIP: H48909149<br>LEI: 5067008AF2B2C5O7TJ43 | Long             | EC               | CORP              | CH        |      4521 | NS      | $3756667.50   | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Herdez S.A.B. de C.V.                  | Grupo Herdez S.A.B. de C.V. COM NPV                          | CUSIP: P4951Q155<br>LEI: 4469000001BQVIMOLQ55 | Long             | EC               | CORP              | MX        |   1068347 | NS      | $3043703.47   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Burckhardt Compression Holding AG            | Burckhardt Compression Holding AG CHF2.50                    | CUSIP: H12013100<br>LEI: 5067004N56DLX7GY3E95 | Long             | EC               | CORP              | CH        |      6674 | NS      | $4551365.19   | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| DiaSorin S.p.A.                              | DiaSorin S.p.A. EUR1 SUBS RTS                                | CUSIP: T3R21C110<br>LEI: 8156002878BDF0EE4348 | Long             | EC               | CORP              | IT        |     38424 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheil Worldwide Inc.                         | Cheil Worldwide Inc. KRW200                                  | CUSIP: Y1296G108<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    155472 | NS      | $2030208.07   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Time Dotcom Bhd                              | Time Dotcom Bhd NPV                                          | CUSIP: Y8839J101<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |   2121500 | NS      | $2532626.10   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| TravelSky Technology Ltd.                    | TravelSky Technology Ltd. CLS'H' CNY1                        | CUSIP: Y8972V101<br>LEI: 5299007TAWP4DZ6QFG73 | Long             | EC               | CORP              | CN        |   3642000 | NS      | $5086741.56   | 1.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Ariake Japan Co Ltd                          | Ariake Japan Co Ltd NPV                                      | CUSIP: J01964105<br>LEI: 353800PBX8D0J0H60M72 | Long             | EC               | CORP              | JP        |    128600 | NS      | $5402273.91   | 1.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Asahi Intecc Co Ltd.                         | Asahi Intecc Co Ltd. NPV                                     | CUSIP: J0279C107<br>LEI: 353800J3AV2SCNIO8L39 | Long             | EC               | CORP              | JP        |    217600 | NS      | $3342662.45   | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Dialog Group Berhad                          | Dialog Group Berhad NPV                                      | CUSIP: Y20641109<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |   3900040 | NS      | $1333116.97   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| JCU Corp.                                    | JCU Corp. NPV                                                | CUSIP: J2810V107<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    134300 | NS      | $2964744.22   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Haitian International Holdings Limited       | Haitian International Holdings Limited HKD0.10               | CUSIP: G4232C108<br>LEI: 30030093DDRS825TVP62 | Long             | EC               | CORP              | KY        |    768000 | NS      | $1780145.42   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Siauliu Bankas AB                            | Siauliu Bankas AB EUR0.29                                    | CUSIP: X0639R103<br>LEI: 549300TK038P6EV4YU51 | Long             | EC               | CORP              | LT        |   7996738 | NS      | $7599192.20   | 2.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Bossard Holding AG                           | Bossard Holding AG CHF5 (REGD) A                             | CUSIP: H09904105<br>LEI: 5067001959OEPG6X8016 | Long             | EC               | CORP              | CH        |     18624 | NS      | $4056524.78   | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| HOA Phat Group Jsc                           | HOA Phat Group Jsc VND10000                                  | CUSIP: Y3231H100<br>LEI: 549300ODJEFGL5CWKD32 | Long             | EC               | CORP              | VN        |   7646669 | NS      | $7514176.82   | 2.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Globant S.A                                  | Globant S.A USD1.20                                          | CUSIP: L44385109<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | LU        |     28805 | NS      | $3386603.85   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| S H Kelkar And Company Ltd                   | S H Kelkar And Company Ltd INR10                             | CUSIP: Y7T57W116<br>LEI: 335800RVWLVBPADSJ448 | Long             | EC               | CORP              | IN        |   1178990 | NS      | $2779086.17   | 0.92%             |  |  |  | Yes           |                  2 | On Loan: No      |
| KWS SAAT SE & Co KgaA                        | KWS SAAT SE & Co KgaA NPV                                    | CUSIP: D39062100<br>LEI: 529900FR2K4P9L9XLV21 | Long             | EC               | CORP              | DE        |     82031 | NS      | $5156250.29   | 1.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Copa Holdings SA                             | Copa Holdings SA NPV CLASS 'A'                               | CUSIP: P31076105<br>LEI: 529900BB9UQJV6QQHA59 | Long             | EC               | CORP              | PA        |     39832 | NS      | $3654984.32   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfeiffer Vacuum Technology AG                | Pfeiffer Vacuum Technology AG NPV                            | CUSIP: D6058X101<br>LEI: 8945004AW6QK8JHNQP69 | Long             | EC               | CORP              | DE        |     24942 | NS      | $4396871.01   | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Cyberark Software Ltd.                       | Cyberark Software Ltd. COM ILS0.01                           | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |     14283 | NS      | $5029901.28   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Paradox Interactive AB (publ)                | Paradox Interactive AB (publ) NPV                            | CUSIP: W7S83E109<br>LEI: 529900QNSZUY53R5WW95 | Long             | EC               | CORP              | SE        |    120924 | NS      | $2384063.99   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Stratec SE                                   | Stratec SE NPV REG                                           | CUSIP: D8T6E3103<br>LEI: 529900ZZJWANAFSPGV30 | Long             | EC               | CORP              | DE        |     95131 | NS      | $2583056.19   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Scout24 SE                                   | Scout24 SE NPV                                               | CUSIP: D345XT105<br>LEI: 5493007EIKM2ENQS7U66 | Long             | EC               | CORP              | DE        |     48453 | NS      | $5759165.26   | 1.91%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Clarkson PLC                                 | Clarkson PLC ORD GBP0.25                                     | CUSIP: G21840106<br>LEI: 2138007G6BGTEHI3OT22 | Long             | EC               | CORP              | GB        |    106794 | NS      | $4693173.26   | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Rathbones Group PLC                          | Rathbones Group PLC ORD GBP0.05                              | CUSIP: G73904107<br>LEI: 213800MBTHM6UE8ZQP29 | Long             | EC               | CORP              | GB        |    105989 | NS      | $2220534.40   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Cranswick PLC                                | Cranswick PLC ORD GBP0.10                                    | CUSIP: G2504J108<br>LEI: 549300LDZLPU51XOSK43 | Long             | EC               | CORP              | GB        |    104730 | NS      | $7255987.42   | 2.41%             |  |  |  | No            |                  2 | On Loan: No      |
| YouGov PLC                                   | YouGov PLC ORD GBP0.002                                      | CUSIP: G9875S112<br>LEI: 213800MZGBGCJIPOBB41 | Long             | EC               | CORP              | GB        |    862364 | NS      | $3303074.65   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Senior PLC                                   | Senior PLC GBP0.10                                           | CUSIP: G8031U102<br>LEI: 5493002HQHWN5JQHKQ51 | Long             | EC               | CORP              | GB        |   4016753 | NS      | $7432662.64   | 2.47%             |  |  |  | No            |                  2 | On Loan: No      |
| CellaVision AB                               | CellaVision AB NPV                                           | CUSIP: W2128U119<br>LEI: 529900IUBZBZ0HXFJ114 | Long             | EC               | CORP              | SE        |    203833 | NS      | $4292718.09   | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Rubis SCA                                    | Rubis SCA EUR1.25                                            | CUSIP: F7686C152<br>LEI: 969500MGFIKUGLTC9742 | Long             | EC               | CORP              | FR        |    148969 | NS      | $4836714.27   | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Carl Zeiss Meditec AG                        | Carl Zeiss Meditec AG NPV                                    | CUSIP: D14895102<br>LEI: 529900GRL4MZ8NMOOK95 | Long             | EC               | CORP              | DE        |     60954 | NS      | $4154699.49   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Wilcon Depot Inc                             | Wilcon Depot Inc PHP1                                        | CUSIP: Y9584X105<br>LEI: N/A                  | Long             | EC               | CORP              | PH        |  25268300 | NS      | $3086522.32   | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Solasto Corporation                          | Solasto Corporation NPV                                      | CUSIP: J76165109<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    475000 | NS      | $1467990.78   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Jarir Marketing Company                      | Jarir Marketing Company SAR1                                 | CUSIP: M6185P112<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |    306894 | NS      | $1033095.57   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Sarana Menara Nusantara Tbk PT               | Sarana Menara Nusantara Tbk PT IDR10                         | CUSIP: Y71369113<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |  34525100 | NS      | $1186958.59   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Reply S.p.A.                                 | Reply S.p.A. EUR0.13(POST SUBD)                              | CUSIP: T60326112<br>LEI: 815600DAEFB0388F3521 | Long             | EC               | CORP              | IT        |     41916 | NS      | $7452620.32   | 2.47%             |  |  |  | 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