# EDGAR Filing Document

**Accession Number:** 0001018170
**File Stem:** 0002066578-25-001810
**Filing Date:** 2025-12
**Character Count:** 33134
**Document Hash:** 2ce915aeff66f48eeb838019fcc43a36
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002066578-25-001810.hdr.sgml**: 20251212

**ACCESSION NUMBER**: 0002066578-25-001810

**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:** 251569002

**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:** 2025-10-31

**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:** $267508722.71

**Total Liabilities:** $371392.19

**Net Assets:** $267137330.52

**Cash Not Reported:** $12.38

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000045116 | 2.28%                | -1.06%               | -3.13%               |
| Class ID C000045117 | 2.26%                | -1.08%               | -3.22%               |
| Class ID C000240396 | 2.28%                | -1.06%               | -3.12%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5110389.38              | $1194851.14                                |
| Month 2  | $1312561.78              | $-4789361.91                               |
| Month 3  | $3683242.10              | $-12217132.90                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Diploma PLC                                  | Diploma PLC ORD GBP0.05                                      | CUSIP: G27664112<br>LEI: 2138008OGI7VYG8FGR19 | Long             | EC               | CORP              | GB        |     81394 | NS      | $5996678.64   | 2.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Clarkson PLC                                 | Clarkson PLC ORD GBP0.25                                     | CUSIP: G21840106<br>LEI: 2138007G6BGTEHI3OT22 | Long             | EC               | CORP              | GB        |    135430 | NS      | $6448681.63   | 2.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Rathbones Group PLC                          | Rathbones Group PLC ORD GBP0.05                              | CUSIP: G73904107<br>LEI: 213800MBTHM6UE8ZQP29 | Long             | EC               | CORP              | GB        |     80541 | NS      | $1890306.34   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Cranswick PLC                                | Cranswick PLC ORD GBP0.10                                    | CUSIP: G2504J108<br>LEI: 549300LDZLPU51XOSK43 | Long             | EC               | CORP              | GB        |     87973 | NS      | $5709860.02   | 2.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Senior PLC                                   | Senior PLC GBP0.10                                           | CUSIP: G8031U102<br>LEI: 5493002HQHWN5JQHKQ51 | Long             | EC               | CORP              | GB        |   3408752 | NS      | $8546841.79   | 3.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Artea Bankas AB                              | Artea Bankas AB EUR0.29                                      | CUSIP: X0639R103<br>LEI: 549300TK038P6EV4YU51 | Long             | EC               | CORP              | LT        |   5048614 | NS      | $4707665.17   | 1.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Bossard Holding AG                           | Bossard Holding AG CHF5 (REGD) A                             | CUSIP: H09904105<br>LEI: 5067001959OEPG6X8016 | Long             | EC               | CORP              | CH        |     14913 | NS      | $3235848.84   | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Teamviewer SE                                | Teamviewer SE NPV                                            | CUSIP: D8T895100<br>LEI: 3912000FZ0R0KEK9JS42 | Long             | EC               | CORP              | DE        |    239865 | NS      | $1760921.29   | 0.66%             |  |  |  | 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        |    716167 | NS      | $2776280.11   | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Fuchs SE                                     | Fuchs SE NPV (REG)                                           | CUSIP: D27462387<br>LEI: 529900SNF9E1P5ZO4P98 | Long             | EC               | CORP              | DE        |    127679 | NS      | $4526475.86   | 1.69%             |  |  |  | No            |                  2 | On Loan: No      |
| HOA Phat Group Jsc                           | HOA Phat Group Jsc VND10000                                  | CUSIP: Y3231H100<br>LEI: 549300ODJEFGL5CWKD32 | Long             | EC               | CORP              | VN        |   6151102 | NS      | $6241195.18   | 2.34%             |  |  |  | No            |                  2 | On Loan: No      |
| CellaVision AB                               | CellaVision AB NPV                                           | CUSIP: W2128U119<br>LEI: 529900IUBZBZ0HXFJ114 | Long             | EC               | CORP              | SE        |    169114 | NS      | $3204241.82   | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Globant S.A                                  | Globant S.A USD1.20                                          | CUSIP: L44385109<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | LU        |     36029 | NS      | $2218665.82   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro.eu SA                                | Allegro.eu SA PLN0.01                                        | CUSIP: L0R67D109<br>LEI: 222100VRLXV3FPMG4982 | Long             | EC               | CORP              | LU        |    233420 | NS      | $2178668.52   | 0.82%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BELIMO Holding AG                            | BELIMO Holding AG CHF0.05 (REGD)                             | CUSIP: H07171129<br>LEI: 506700339DLX749VEM23 | Long             | EC               | CORP              | CH        |      3892 | NS      | $4189302.99   | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Lotus Bakeries                               | Lotus Bakeries NPV                                           | CUSIP: B5783H102<br>LEI: 5493004C0K34IFI67I03 | Long             | EC               | CORP              | BE        |       392 | NS      | $3423364.87   | 1.28%             |  |  |  | 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        |     91012 | NS      | $1753894.56   | 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        |   1202530 | NS      | $2604494.24   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Thule Group AB                               | Thule Group AB NPV                                           | CUSIP: W9T18N112<br>LEI: 549300XHHOGBOERKU333 | Long             | EC               | CORP              | SE        |    112331 | NS      | $2888390.96   | 1.08%             |  |  |  | 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        |    859200 | NS      | $2948357.29   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Ariake Japan Co Ltd                          | Ariake Japan Co Ltd NPV                                      | CUSIP: J01964105<br>LEI: 353800PBX8D0J0H60M72 | Long             | EC               | CORP              | JP        |    110300 | NS      | $3868035.85   | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| JCU Corp.                                    | JCU Corp. NPV                                                | CUSIP: J2810V107<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    111900 | NS      | $3295791.30   | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Eclat Textile Co Ltd.                        | Eclat Textile Co Ltd. TWD10                                  | CUSIP: Y2237Y109<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     81909 | NS      | $1090698.48   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| GMO Payment Gateway Inc.                     | GMO Payment Gateway Inc. NPV                                 | CUSIP: J18229104<br>LEI: 353800Q6U21E2PM83F86 | Long             | EC               | CORP              | JP        |     70400 | NS      | $3839926.82   | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Misumi Group Inc.                            | Misumi Group Inc. NPV                                        | CUSIP: J43293109<br>LEI: 353800SJWGE5BEK2V032 | Long             | EC               | CORP              | JP        |    137700 | NS      | $2156834.75   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Rohto Pharmaceutical Co Ltd                  | Rohto Pharmaceutical Co Ltd NPV                              | CUSIP: J65371106<br>LEI: 353800Q1CW5OS81OUM12 | Long             | EC               | CORP              | JP        |    344600 | NS      | $5329128.25   | 1.99%             |  |  |  | No            |                  2 | On Loan: No      |
| DiaSorin S.p.A.                              | DiaSorin S.p.A. EUR1                                         | CUSIP: T3475Y104<br>LEI: 8156002878BDF0EE4348 | Long             | EC               | CORP              | IT        |     26057 | NS      | $2305480.82   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Square Pharmaceuticals PLC                   | Square Pharmaceuticals PLC BDT10                             | CUSIP: Y8132X104<br>LEI: 254900R3NU1J5X39Y909 | Long             | EC               | CORP              | BD        |   1126640 | NS      | $1966310.06   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Bankinter SA                                 | Bankinter SA EUR0.30(REGD)                                   | CUSIP: E2116H880<br>LEI: VWMYAEQSTOPNV0SUGU82 | Long             | EC               | CORP              | ES        |    202782 | NS      | $3056682.83   | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Sysmex Corp.                                 | Sysmex Corp. NPV                                             | CUSIP: J7864H102<br>LEI: 5299001ZO4CKWACMZI55 | Long             | EC               | CORP              | JP        |    131800 | NS      | $1455225.93   | 0.54%             |  |  |  | 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        |    281431 | NS      | $3520040.80   | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Qingdao Haier Biomedical Co Ltd              | Qingdao Haier Biomedical Co Ltd 'A' CNY1                     | CUSIP: Y716D0109<br>LEI: 65560007PZ5ME4672K78 | Long             | EC               | CORP              | CN        |    924700 | NS      | $4519339.13   | 1.69%             |  |  |  | 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        |    404499 | NS      | $3251953.60   | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Temenos AG                                   | Temenos AG CHF5 (REGD)                                       | CUSIP: H8547Q107<br>LEI: 5067007NW6550481FH64 | Long             | EC               | CORP              | CH        |     13768 | NS      | $1297543.80   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Tecan Group AG                               | Tecan Group AG CHF0.10 (REGD)                                | CUSIP: H84774167<br>LEI: 529900CSN9R3BLETSL26 | Long             | EC               | CORP              | CH        |      9620 | NS      | $1754018.18   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| FPT Corp.                                    | FPT Corp. VND10000                                           | CUSIP: Y26333107<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |    257715 | NS      | $1017403.52   | 0.38%             |  |  |  | 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        |   1008800 | NS      | $2886552.09   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ASMPT Ltd.                                   | ASMPT Ltd. HKD0.10                                           | CUSIP: G0535Q133<br>LEI: 529900PYFA1HFYKPT360 | Long             | EC               | CORP              | KY        |    127200 | NS      | $1332769.83   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Pfeiffer Vacuum Technology AG                | Pfeiffer Vacuum Technology AG NPV                            | CUSIP: D6058X101<br>LEI: 8945004AW6QK8JHNQP69 | Long             | EC               | CORP              | DE        |     21575 | NS      | $3879866.13   | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Brenntag SE                                  | Brenntag SE NPV                                              | CUSIP: D12459117<br>LEI: NNROIXVWJ7CPSR27SV97 | Long             | EC               | CORP              | DE        |     34511 | NS      | $1915065.16   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Croda International PLC                      | Croda International PLC ORD GBP0.10609756                    | CUSIP: G25536155<br>LEI: 2138004WCNBFJEEOXV26 | Long             | EC               | CORP              | GB        |     88529 | NS      | $3358953.71   | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Tomra Systems ASA                            | Tomra Systems ASA NOK0.50                                    | CUSIP: R91733155<br>LEI: 549300J726JCFJU3VT89 | Long             | EC               | CORP              | NO        |    181382 | NS      | $2206346.75   | 0.83%             |  |  |  | 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        |   2165552 | NS      | $2870679.97   | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| LEM Holdings AG                              | LEM Holdings AG CHF0.50(REGD)                                | CUSIP: H48909149<br>LEI: 5067008AF2B2C5O7TJ43 | Long             | EC               | CORP              | CH        |      3959 | NS      | $2252310.15   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Alten SA                                     | Alten SA NPV                                                 | CUSIP: F02626103<br>LEI: 969500Y7G9TY7Y24GN07 | Long             | EC               | CORP              | FR        |     30761 | NS      | $2534660.84   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Nemetschek SE                                | Nemetschek SE ORD NPV                                        | CUSIP: D56134105<br>LEI: 529900R0S2IX1S358J38 | Long             | EC               | CORP              | DE        |     12771 | NS      | $1471891.88   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Carl Zeiss Meditec AG                        | Carl Zeiss Meditec AG NPV                                    | CUSIP: D14895102<br>LEI: 529900GRL4MZ8NMOOK95 | Long             | EC               | CORP              | DE        |     53812 | NS      | $2724304.32   | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Evotec SE                                    | Evotec SE NPV                                                | CUSIP: D1646D105<br>LEI: 529900F9KI6OYITO9B12 | Long             | EC               | CORP              | DE        |    451355 | NS      | $3668876.10   | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Vaisala Oyj                                  | Vaisala Oyj SER'A'NPV                                        | CUSIP: X9598K108<br>LEI: 743700RNDD7KU11HW873 | Long             | EC               | CORP              | FI        |     81002 | NS      | $4008150.26   | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Bechtle AG                                   | Bechtle AG NPV                                               | CUSIP: D0873U103<br>LEI: 529900HA2QT774RUXW59 | Long             | EC               | CORP              | DE        |    100527 | NS      | $4246335.10   | 1.59%             |  |  |  | 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        |    923247 | NS      | $3541221.37   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Burckhardt Compression Holding AG            | Burckhardt Compression Holding AG CHF2.50                    | CUSIP: H12013100<br>LEI: 5067004N56DLX7GY3E95 | Long             | EC               | CORP              | CH        |      5582 | NS      | $3857127.56   | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Asahi Intecc Co Ltd.                         | Asahi Intecc Co Ltd. NPV                                     | CUSIP: J0279C107<br>LEI: 353800J3AV2SCNIO8L39 | Long             | EC               | CORP              | JP        |    190900 | NS      | $3023131.96   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Dialog Group Berhad                          | Dialog Group Berhad NPV                                      | CUSIP: Y20641109<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |   2961040 | NS      | $1385653.31   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Haitian International Holdings Limited       | Haitian International Holdings Limited HKD0.10               | CUSIP: G4232C108<br>LEI: 30030093DDRS825TVP62 | Long             | EC               | CORP              | KY        |    656000 | NS      | $1793870.67   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Santen Pharmaceutical Co Ltd.                | Santen Pharmaceutical Co Ltd. NPV                            | CUSIP: J68467109<br>LEI: 529900TPT3I7C17MIM03 | Long             | EC               | CORP              | JP        |    448700 | NS      | $4405063.29   | 1.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Financial Group Inc.                    | Sony Financial Group Inc. NPV                                | CUSIP: J7639Z106<br>LEI: 353800O7BDSU41WOZA60 | Long             | EC               | CORP              | JP        |   4270700 | NS      | $4306448.51   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Airtel Africa PLC                            | Airtel Africa PLC ORD USD0.5                                 | CUSIP: G01415101<br>LEI: 254900ZNZDQL6OWQH623 | Long             | EC               | CORP              | GB        |   1377309 | NS      | $5013338.51   | 1.88%             |  |  |  | Yes           |                  2 | On Loan: No      |
| YouGov PLC                                   | YouGov PLC ORD GBP0.002                                      | CUSIP: G9875S112<br>LEI: 213800MZGBGCJIPOBB41 | Long             | EC               | CORP              | GB        |    717903 | NS      | $2466472.49   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinaxis Inc                                  | Kinaxis Inc COM NPV                                          | CUSIP: 49448Q109<br>LEI: 5299009VAZ14K7PFUQ15 | Long             | EC               | CORP              | CA        |     21894 | NS      | $2651225.95   | 0.99%             |  |  |  | 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        |    966431 | NS      | $2408418.87   | 0.90%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Rubis SCA                                    | Rubis SCA EUR1.25                                            | CUSIP: F7686C152<br>LEI: 969500MGFIKUGLTC9742 | Long             | EC               | CORP              | FR        |    204704 | NS      | $7430408.26   | 2.78%             |  |  |  | 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        |     94568 | NS      | $2460319.45   | 0.92%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Northern Institutional Funds                 | Northern Institutional Funds TREAS PRT PRMR                  | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   3554982 | NS      | $3554981.92   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| ASPEED Technology Inc.                       | ASPEED Technology Inc. TWD10                                 | CUSIP: Y04044106<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     15000 | NS      | $2656088.83   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| BE Semiconductor Industries NV               | BE Semiconductor Industries NV EUR0.01                       | CUSIP: N13107144<br>LEI: 7245007A1YFLI2GNYX06 | Long             | EC               | CORP              | NL        |     14733 | NS      | $2507933.34   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Medistim Asa                                 | Medistim Asa NOK0.25                                         | CUSIP: R448B2105<br>LEI: 5967007LIEEXZXJOX483 | Long             | EC               | CORP              | NO        |    113965 | NS      | $3075424.14   | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| KWS SAAT SE & Co KgaA                        | KWS SAAT SE & Co KgaA NPV                                    | CUSIP: D39062100<br>LEI: 529900FR2K4P9L9XLV21 | Long             | EC               | CORP              | DE        |     69309 | NS      | $5336143.79   | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Copa Holdings SA                             | Copa Holdings SA NPV CLASS 'A'                               | CUSIP: P31076105<br>LEI: 529900BB9UQJV6QQHA59 | Long             | EC               | CORP              | PA        |     31751 | NS      | $3975542.71   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Rightmove PLC                                | Rightmove PLC ORD GBP0.001                                   | CUSIP: G7565D106<br>LEI: 2138001JXGCFKBXYB828 | Long             | EC               | CORP              | GB        |    230166 | NS      | $2021879.85   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Wilcon Depot Inc                             | Wilcon Depot Inc PHP1                                        | CUSIP: Y9584X105<br>LEI: N/A                  | Long             | EC               | CORP              | PH        |  21151700 | NS      | $2750687.85   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Cheil Worldwide Inc.                         | Cheil Worldwide Inc. KRW200                                  | CUSIP: Y1296G108<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    141200 | NS      | $2016040.68   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Time Dotcom Bhd                              | Time Dotcom Bhd NPV                                          | CUSIP: Y8839J101<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |   1570200 | NS      | $1788283.12   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| TravelSky Technology Ltd.                    | TravelSky Technology Ltd. CLS'H' CNY1                        | CUSIP: Y8972V101<br>LEI: 5299007TAWP4DZ6QFG73 | Long             | EC               | CORP              | CN        |   3090000 | NS      | $4065059.23   | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Max Financial Services Limited               | Max Financial Services Limited INR2                          | CUSIP: Y5903C145<br>LEI: 335800Y9FX8XGFB64S40 | Long             | EC               | CORP              | IN        |    291126 | NS      | $5070110.37   | 1.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Shift Inc.                                   | Shift Inc. NPV                                               | CUSIP: J7167W103<br>LEI: 353800HJXMOPLJ7BO262 | Long             | EC               | CORP              | JP        |    401300 | NS      | $2766964.41   | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Paradox Interactive AB (publ)                | Paradox Interactive AB (publ) NPV                            | CUSIP: W7S83E109<br>LEI: 529900QNSZUY53R5WW95 | Long             | EC               | CORP              | SE        |    103153 | NS      | $1794479.80   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Spirax Group PLC                             | Spirax Group PLC ORD GBP0.269230769                          | CUSIP: G83561129<br>LEI: 213800WFVZQMHOZP2W17 | Long             | EC               | CORP              | GB        |     56575 | NS      | $5284498.55   | 1.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Hexpol AB                                    | Hexpol AB SER'B'NPV                                          | CUSIP: W4580B159<br>LEI: 549300MN30TBRLYN3465 | Long             | EC               | CORP              | SE        |    237678 | NS      | $2165585.36   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Stratec SE                                   | Stratec SE NPV REG                                           | CUSIP: D8T6E3103<br>LEI: 529900ZZJWANAFSPGV30 | Long             | EC               | CORP              | DE        |     43385 | NS      | $1175705.62   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Scout24 SE                                   | Scout24 SE NPV                                               | CUSIP: D345XT105<br>LEI: 5493007EIKM2ENQS7U66 | Long             | EC               | CORP              | DE        |     41229 | NS      | $4760836.90   | 1.78%             |  |  |  | Yes           |                  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        |     35435 | NS      | $4967483.62   | 1.86%             |  |  |  | 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