# EDGAR Filing Document

**Accession Number:** 0001018170
**File Stem:** 0001145549-25-042073
**Filing Date:** 2025-6
**Character Count:** 20532
**Document Hash:** a6a16adeaa8badfd2051d096629ae93d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-042073.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001145549-25-042073

**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:** 251076235

**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

### International Developed Markets Equity Portfolio (Series ID: S000077702)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000238190 | Institutional Class | HLIDX           |

## 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:** International Developed Markets Equity Portfolio

- **b. EDGAR series identifier (if any):** S000077702

- **c. LEI of Series:** 549300E4P8CH27PWLF53

**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:** $99956618.46

**Total Liabilities:** $126124.08

**Net Assets:** $99830494.38

**Cash Not Reported:** $11609.13

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000238190 | 3.36%                | -0.58%               | 3.20%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $82506.82                | $3247227.33                                |
| Month 2  | $1041780.30              | $-1918780.37                               |
| Month 3  | $18542.87                | $2515273.07                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Rio Tinto PLC                                | Rio Tinto PLC ORD GBP0.10                                             | CUSIP: G75754104<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |     30628 | NS      | $1826150.00   | 1.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle SA                                    | Nestle SA CHF0.10 (REGD)                                              | CUSIP: H57312649<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |     25719 | NS      | $2737340.07   | 2.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Coloplast AS                                 | Coloplast AS SER'B'DKK1                                               | CUSIP: K16018192<br>LEI: 529900NN7SOJ5QG82X67 | Long             | EC               | CORP              | DK        |      9790 | NS      | $1112089.84   | 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        |   3201585 | NS      | $3201584.62   | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd. | Taiwan Semiconductor Manufacturing Co., Ltd. SPON ADS REP 5 ORD TWD10 | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     11088 | NS      | $1848258.72   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP Group Ltd.                               | BHP Group Ltd. SPON ADS EACH REP 2 ORD SHS                            | CUSIP: 088606108<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |     33379 | NS      | $1587171.45   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Manulife Financial Corporation               | Manulife Financial Corporation COM NPV                                | CUSIP: 56501R106<br>LEI: 5493007GBX87QOZACS27 | Long             | EC               | CORP              | CA        |    114744 | NS      | $3516563.18   | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian National Railway Company            | Canadian National Railway Company COM NPV                             | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |     11372 | NS      | $1101037.04   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd.                               | HDFC Bank Ltd. SPON ADS EACH REP 3 ORD SHS                            | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     14156 | NS      | $1028999.64   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                       | SAP SE SPON ADR EA REP 1 ORD NPV                                      | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |      9067 | NS      | $2649286.73   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd, Hong Kong                     | AIA Group Ltd, Hong Kong NPV                                          | CUSIP: Y002A1105<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |    369600 | NS      | $2792364.07   | 2.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Novonesis (Novozymes) B                      | Novonesis (Novozymes) B SER'B'DKK2                                    | CUSIP: K7317J133<br>LEI: 529900T6WNZXD2R3JW38 | Long             | EC               | CORP              | DK        |     16560 | NS      | $1074726.27   | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Genmab As                                    | Genmab As DKK1                                                        | CUSIP: K3967W102<br>LEI: 529900MTJPDPE4MHJ122 | Long             | EC               | CORP              | DK        |      4618 | NS      | $974938.96    | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Skandinaviska Enskilda Banken AB (publ)      | Skandinaviska Enskilda Banken AB (publ) SER'A'NPV                     | CUSIP: W25381141<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | EC               | CORP              | SE        |    134578 | NS      | $2143528.75   | 2.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Epiroc AB                                    | Epiroc AB SER'A'NPV                                                   | CUSIP: W25918124<br>LEI: 5493004Q73OEYW1SPE91 | Long             | EC               | CORP              | SE        |     82932 | NS      | $1777935.24   | 1.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Chugai Pharmaceutical Co Ltd.                | Chugai Pharmaceutical Co Ltd. NPV                                     | CUSIP: J06930101<br>LEI: 529900T9LAII161DCN95 | Long             | EC               | CORP              | JP        |     76400 | NS      | $4413272.63   | 4.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Daifuku Co Ltd.                              | Daifuku Co Ltd. NPV                                                   | CUSIP: J08988107<br>LEI: 3538006FG1W4X3MYHL36 | Long             | EC               | CORP              | JP        |     51700 | NS      | $1377496.18   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Sonova Holding AG                            | Sonova Holding AG CHF0.05 (REGD)                                      | CUSIP: H8024W106<br>LEI: 5299004A0QNX7FBNHS61 | Long             | EC               | CORP              | CH        |      3945 | NS      | $1207220.10   | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Dassault Systemes                            | Dassault Systemes EUR0.10                                             | CUSIP: F24571451<br>LEI: 96950065LBWY0APQIM86 | Long             | EC               | CORP              | FR        |     37517 | NS      | $1400523.37   | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon PLC                                   | Haleon PLC ORD GBP0.01                                                | CUSIP: G4232K100<br>LEI: 549300PSB3WWEODCUP19 | Long             | EC               | CORP              | GB        |    722583 | NS      | $3620958.21   | 3.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Linde PLC                                    | Linde PLC COM EUR0.001                                                | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |      4255 | NS      | $1928493.65   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                        | Schneider Electric SE EUR4.00                                         | CUSIP: F86921107<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |     13441 | NS      | $3149482.58   | 3.15%             |  |  |  | No            |                  2 | On Loan: No      |
| L'Oreal S.A.                                 | L'Oreal S.A. EUR0.20                                                  | CUSIP: F58149133<br>LEI: 529900JI1GG6F7RKVI53 | Long             | EC               | CORP              | FR        |      6190 | NS      | $2716270.42   | 2.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Alimentation Couche-Tard Inc.                | Alimentation Couche-Tard Inc. COM                                     | CUSIP: 01626P148<br>LEI: 549300OSW32RVX8CCZ87 | Long             | EC               | CORP              | CA        |     40720 | NS      | $2125497.75   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| DBS Group Holdings Ltd.                      | DBS Group Holdings Ltd. NPV                                           | CUSIP: Y20246107<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |    130500 | NS      | $4266491.67   | 4.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co. Ltd.               | Techtronic Industries Co. Ltd. NPV                                    | CUSIP: Y8563B159<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |     87000 | NS      | $885057.64    | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Symrise AG                                   | Symrise AG NPV (BR)                                                   | CUSIP: D827A1108<br>LEI: 529900D82I6R9601CF26 | Long             | EC               | CORP              | DE        |     13195 | NS      | $1518063.75   | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| DISCO Corp.                                  | DISCO Corp. NPV                                                       | CUSIP: J12327102<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      5600 | NS      | $1087101.41   | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Keyence Corp.                                | Keyence Corp. NPV                                                     | CUSIP: J32491102<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |      3000 | NS      | $1259958.45   | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Komatsu Ltd.                                 | Komatsu Ltd. NPV                                                      | CUSIP: J35759125<br>LEI: 5493004LQ0B4T7QPQV17 | Long             | EC               | CORP              | JP        |     61600 | NS      | $1772125.15   | 1.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Liquide S.A.(L')                         | Air Liquide S.A.(L') EUR5.50                                          | CUSIP: F01764103<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |      8141 | NS      | $1674685.65   | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Shionogi & Co Ltd.                           | Shionogi & Co Ltd. NPV                                                | CUSIP: J74229105<br>LEI: 35380049VXDTHZI3DY35 | Long             | EC               | CORP              | JP        |     91100 | NS      | $1530040.06   | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Group Corp.                             | Sony Group Corp. NPV                                                  | CUSIP: J76379106<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |    149900 | NS      | $3869213.53   | 3.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Sysmex Corp.                                 | Sysmex Corp. NPV                                                      | CUSIP: J7864H102<br>LEI: 5299001ZO4CKWACMZI55 | Long             | EC               | CORP              | JP        |    118500 | NS      | $2202755.10   | 2.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Unicharm Corp.                               | Unicharm Corp. NPV                                                    | CUSIP: J94104114<br>LEI: 353800UQ4BZIJTAQEG85 | Long             | EC               | CORP              | JP        |    176800 | NS      | $1639992.99   | 1.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                                    | Shell PLC ORD EUR0.07                                                 | CUSIP: G80827101<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    104916 | NS      | $3356816.00   | 3.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                             | Roche Holding AG GENUSSCHEINE NPV                                     | CUSIP: H69293217<br>LEI: 549300U41AUUVOAAOB37 | Long             | EP               | CORP              | CH        |     10761 | NS      | $3510347.10   | 3.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Copco AB                               | Atlas Copco AB SER'A'NPV                                              | CUSIP: W1R924252<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |    121918 | NS      | $1912539.35   | 1.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Adyen NV                                     | Adyen NV EUR0.01                                                      | CUSIP: N3501V104<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |       974 | NS      | $1578665.29   | 1.58%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Alcon AG                                     | Alcon AG CHF0.04                                                      | CUSIP: H01301128<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |     23297 | NS      | $2274020.17   | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Assa Abloy AB                                | Assa Abloy AB SER'B'NPV                                               | CUSIP: W0817X204<br>LEI: 549300YECS8HKCIMMB67 | Long             | EC               | CORP              | SE        |     44749 | NS      | $1343104.51   | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd.                  | Samsung Electronics Co Ltd. GDR EACH REP 25 COM STK KRW100(REG S)     | CUSIP: 796050888<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |       959 | NS      | $934745.44    | 0.94%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA           | Banco Bilbao Vizcaya Argentaria SA EUR0.49                            | CUSIP: E11805103<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EC               | CORP              | ES        |    144938 | NS      | $1992225.20   | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Allianz SE                                   | Allianz SE NPV(REGD)(VINKULIERT)                                      | CUSIP: D03080112<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |     11521 | NS      | $4758129.44   | 4.77%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding N.V.                            | ASML Holding N.V. EUR0.09                                             | CUSIP: N07059202<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      4066 | NS      | $2721890.74   | 2.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Alfa Laval AB                                | Alfa Laval AB NPV                                                     | CUSIP: W04008152<br>LEI: 549300UCKT2UK88AG251 | Long             | EC               | CORP              | SE        |     50938 | NS      | $2125361.75   | 2.13%             |  |  |  | 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