Fund Notice Shares may not be available for purchase by all investors. If you are purchasing shares of the Portfolio through a financial intermediary, please consult with an appropriate representative to confirm your eligibility to invest. For more information, please review the Prospectus. Fund Overview Fund Overview Call Us Advisors: 800.368.4410 Investors: 877.435.8105 Investment Style Harding Loevner Institutional Emerging Markets Portfolio has an Equity Income Objective, seeking to achieve income and capital appreciation. Large Mid Small Value Blend Growth Equity Objective Harding Loevner Institutional Emerging Markets Portfolio is categorized as Large-Blend. It invests in large-cap companies with medium risk. Morningstar Ratings Risk-adjusted returns as of 09/30/2026 Overall Rating (of 689) 3 Years (of 689) 5 Years (of 629) 10 Years (of 467) Category Diversified Emerging Mkts Read Important Investment Disclosures Performance Performance Read Important Investment Disclosures Portfolio & Holdings Portfolio & Holdings About the Affiliate About Harding Loevner Harding Loevner manages global and non-U.S. equity portfolios following a consistent philosophy focused on long-term investment in growing companies with high-quality fundamentals. The Firm believes diversified portfolios of the stocks of companies meeting its quality-growth criteria, purchased at reasonable prices, offer potentially superior risk-adjusted returns over the long term. Learn More About Harding Loevner's Approach FOUNDED 1989 AMG AFFILIATE SINCE 2009 HEADQUARTERS Bridgewater, NJ Portfolio Managers Edmund Bellord PORTFOLIO MANAGER Read full bio Lee Gao PORTFOLIO MANAGER Read full bio Babatunde Ojo, CFA PORTFOLIO MANAGER Read full bio Edmund Bellord PORTFOLIO MANAGER Edmund Bellord is a co-lead portfolio manager of the Emerging Markets Equity strategy and an analyst of portfolio risk. He joined the firm in 2019 and has over 30 years of industry experience. Bellord previously served as a managing director of asset allocation research at Quantitative Management Associates, an asset allocation strategist at Grantham, Mayo, Van Otterloo & Co., and a global investment strategist at Mellon Capital Management. He holds an MA in Economics from the University of Edinburgh and an MBA from the Walter A. Haas School of Business, University of California, Berkeley. Lee Gao PORTFOLIO MANAGER Lee Gao is a co-lead portfolio manager for the Emerging Markets Equity strategy and an analyst of China and Emerging Markets. He joined Harding Loevner in 2020 and has 20 years of industry experience. Gao previously was a portfolio manager for Goldman Sachs Asset Management’s Imprint Emerging Markets strategy. He also served as a director and co-founder of Greyson Capital Management and as an analyst at Joho Capital and JP Morgan. He graduated from Harvard University with an AB in Economics. Babatunde Ojo, CFA PORTFOLIO MANAGER Babatunde (Tunde) Ojo is a co-lead portfolio manager for the Emerging Markets Equity and Frontier Emerging Markets Equity strategies. He also serves as an analyst of Financials companies and of EM and Frontier EM businesses. Ojo is a partner of the firm and has over 20 years of experience. Prior to joining Harding Loevner in 2012, Tunde was a global investment analyst intern at American Century Investments. He also served as head of equity investment and a portfolio manager at Asset & Resource Management Company in Nigeria. His early experience includes working as an associate at PricewaterhouseCoopers and a banking officer at Intercontinental Bank in Nigeria. Ojo holds an MBA from the Wharton School of the University of Pennsylvania and MSc in Food Chain Management from Imperial College, University of London. He graduated from the University of Lagos with a BS in Biochemistry. Ojo is also a CFA® charterholder. Investment Approach Investment Approach Harding Loevner Institutional Emerging Markets Portfolio The Institutional Emerging Markets Portfolio invests in high-quality, growing companies that operate in emerging markets and, to a lesser extent, frontier markets. Following a disciplined investment process focused on collaborative yet accountable decision-making, analysts study global industries to understand their competitive structures, assess the long-term risks and fair values of their constituent companies, and recommend those with high fundamental business quality and durable growth prospects. The Fund’s diversified portfolio is built from the bottom-up using Harding Loevner’s distinctive Co-Lead Manager structure, and seeks to realize superior risk-adjusted returns. 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