v3.26.1
Shareholder Report
6 Months Ended
Apr. 30, 2026
USD ($)
Holding
Shareholder Report [Line Items]  
Document Type N-CSRS
Amendment Flag false
Registrant Name Harding, Loevner Funds, Inc.
Entity Central Index Key 0001018170
Entity Investment Company Type N-1A
Document Period End Date Apr. 30, 2026
Global Equity - Advisor  
Shareholder Report [Line Items]  
Fund Name Global Equity
Class Name Advisor Class
Trading Symbol HLMGX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about the Global Equity Fund (“Fund”) for the period of November 1, 2025 to April 30, 2026.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at
HardingLoevnerFunds.com
. You can also requestthis information by calling (877) 435-8105 or by sending an e-mail request to hardingloevnerfunds@ntrs.com.
Additional Information Phone Number (877) 435-8105
Additional Information Email hardingloevnerfunds@ntrs.com
Additional Information Website HardingLoevnerFunds.com
Expenses [Text Block]
What were
the
Fund costs for the period?
(based on a hypothetical $10,000 investment)
Fund (Class)Costs of a $10,000 investmentCosts paid as a percentage of a $10,000 investment
1
Global Equity (Advisor Class)
$
58
1.15
%
1
Expense ratio is expressed on an annualized basis.
Expenses Paid, Amount $ 58
Expense Ratio, Percent 1.15% [1]
Factors Affecting Performance [Text Block]
Management’s Discussion of Fund Performance
The Global Equity Advisor Class (HLMGX) increased 2.87% (net of fees and expenses) in the six-month period ended April 30, 2026. The Fund's benchmark, the MSCI All Country World Index, rose 7.75% (net of source taxes).
Key Performance Factors
Energy and Materials soared following the US-Israeli attack on Iran and closing of the Strait of Hormuz. Consumer Discretionary lagged on concerns that increased spending on AI will pressure margins. The US market saw weak returns from large cloud-computing and data center companies, while enthusiasm for Asian technology companies boosted EMs. The Fund underperformed, with poor stocks in Communication Services, Consumer Discretionary, and Financials. The Fund’s high-quality growth style also faced a headwind, as shares of high-quality and fast-growing companies lagged the broad market.
Sector Analysis
In Communication Services, shares of Chinese internet company Tencent were pressured by concerns about its ability to profit from its aggressive AI investment. In Consumer Discretionary, shares of Japanese electronics conglomerate Sony Group declined due to rising memory costs and potential margin pressure.
Geographic Analysis
In the US, streaming company Netflix reported solid results that still fell short of market expectations. Alphabet was a bright spot as its dominant position in online search remained resilient. In EMs, Tencent and India’s HDFC Bank detracted. HDFC Bank was hurt by slower deposit growth and the resignation of its chairman; the
bank
appointed a well-regarded interim chair.
Performance
🡱 Top Contributors🡳 Top Detractors
ASMLTencent
SLBSony
FabrinetNetflix
AlphabetBooking Holdings
AppleAdobe
The securities shown do not
represent
all holdings, and it should not be
assumed
that investment in these securities has been or will be profitable. The following is available upon request: (1) information describing the methodology of the contribution data and (2) a list showing the weight and relative contribution of all holdings during the period. Contribution is the
contribution
to overall performance
over
the period.
Performance Past Does Not Indicate Future [Text] Performance data quoted represents past performance; past performance does not guarantee future results.
Line Graph [Table Text Block] Fund Performance - Growth of 10K
Average Annual Return [Table Text Block]
Average
Annual
Total Return (%) as of April 30, 2026
1 Year
5 Year
10 Year
Fund15.503.5310.07
MSCI All Country World Index31.00 10.68 12.25
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Updated Performance Information Location [Text Block] Visit
HardingLoevnerFunds.com
for the most recent performance information.
Net Assets $ 537,000,000
Holdings Count | Holding 61
Advisory Fees Paid, Amount $ 1,800,000
Investment Company, Portfolio Turnover 21.00%
Additional Fund Statistics [Text Block]
Key Fund Statistics
During Reporting Period
Fund net assets
$
537.2M
Total advisory fees paid
(after waiver/reimbursement)
$
1.8M
Total number of holdings61Period portfolio turnover rate21
%
Holdings [Text Block]
Graphical Representation of Holdings
The table and charts below show the investment makeup of
the
Fund;
percentages
indicated
and graphical
representations
are based on the Fund’s net asset value.
Top Ten Holdings
%
Allocation
Alphabet Inc., Class A5.1
Amazon.com Inc.4.3
NVIDIA Corp.3.6
Taiwan Semiconductor Manufacturing Co., Ltd. - Sponsored ADR3.5
Schneider Electric SE3.3
Microsoft Corp.3.2
Samsung Electronics Co., Ltd. - GDR, Reg S3.2
Meta Platforms Inc., Class A2.7
ASML Holding NV2.7
Netflix Inc.2.6
by Sector
Graphical Representation - Allocation 1 Chart
by Region
Graphical Representation - Allocation 2 Chart
 
Largest Holdings [Text Block]
Top Ten Holdings
%
Alphabet Inc., Class A5.1
Amazon.com Inc.4.3
NVIDIA Corp.3.6
Taiwan Semiconductor Manufacturing Co., Ltd. - Sponsored ADR3.5
Schneider Electric SE3.3
Microsoft Corp.3.2
Samsung Electronics Co., Ltd. - GDR, Reg S3.2
Meta Platforms Inc., Class A2.7
ASML Holding NV2.7
Netflix Inc.2.6
Global Equity - Institutional Class  
Shareholder Report [Line Items]  
Fund Name Global Equity
Class Name Institutional Class
Trading Symbol HLMVX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about the Global Equity Fund (“Fund”) for the period of November 1, 2025 to April 30, 2026.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at
HardingLoevnerFunds.com
. You can also request this information by calling (877) 435-8105 or by sending an e-mail request tohardingloevnerfunds@ntrs.com.
Additional Information Phone Number (877) 435-8105
Additional Information Email hardingloevnerfunds@ntrs.com
Additional Information Website HardingLoevnerFunds.com
Expenses [Text Block]
What were
the
Fund costs for the period?
(based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
1
Global Equity (Institutional Class)
$
43
0.85
%
1
Expense ratio is expressed on an annualized basis.
Expenses Paid, Amount $ 43
Expense Ratio, Percent 0.85% [1]
Factors Affecting Performance [Text Block]
Management’s Discussion of F
un
d Performance
The Global Equity Institutional Class (HLMVX) rose 3.00% (net of fees and expenses) in the six-month period ended April 30, 2026. The Fund's benchmark, the MSCI All Country World Index, rose 7.75% (net of source taxes).
Key Performance Factors
Energy and Materials soared following the US-Israeli attack on Iran and closing of the Strait of Hormuz. Consumer Discretionary lagged on concerns that increased spending on AI will pressure margins. The US market saw weak returns from large cloud-computing and data center companies, while enthusiasm for Asian technology companies boosted EMs. The Fund underperformed, with poor stocks in Communication Services, Consumer Discretionary, and Financials. The Fund’s high-quality growth style also faced a headwind, as shares of high-quality and fast-growing companies lagged the broad market.
Sector Analysis
In Communication Services, shares of Chinese internet company Tencent were pressured by concerns about its ability to profit from its aggressive AI investment. In Consumer Discretionary, shares of Japanese electronics conglomerate Sony Group declined due to rising memory costs and potential margin pressure.
Geographic Analysis
In the US, streaming company Netflix reported solid results that still fell short of market expectations. Alphabet was a bright spot as its dominant position in online search remained resilient. In EMs, Tencent and India’s HDFC Bank detracted. HDFC Bank was hurt by slower deposit growth and the resignation of its chairman; the
bank
appointed a well-regarded interim chair.
Performance
🡱 Top Contributors 🡳 Top Detractors
ASML Tencent
SLB Sony
Fabrinet Netflix
Alphabet Booking Holdings
Apple Adobe
The securities shown do not
represent
all holdings, and it should not be assumed that investment in these securities has been or will be profitable. The following is
available
upon request: (1)
information
describing the methodology of the contribution data and (2) a list
showing
the weight and relative contribution of all holdings during the period. Contribution is the contribution to overall performance
over
the period.
Performance Past Does Not Indicate Future [Text] Performance data quoted represents past performance; past performance does not guarantee future results.
Line Graph [Table Text Block] Fund Performance - Growth of 10K
Average Annual Return [Table Text Block]
Average Annual
Total
Return (%) as of April 30, 2026
1 Year
5 Year
10 Year
Fund 15.77 3.77 10.31
MSCI All Country World Index 31.00 10.68 12.25
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Updated Performance Information Location [Text Block] Visit
HardingLoevnerFunds.com
for the most recent performance information.
Net Assets $ 537,200,000
Holdings Count | Holding 61
Advisory Fees Paid, Amount $ 1,800,000
Investment Company, Portfolio Turnover 21.00%
Additional Fund Statistics [Text Block]
Key Fund Statistics
During Reporting Period
Fund net assets
$
537.2M
Total advisory fees paid
(after waiver/reimbursement)
$
1.8M
Total number of holdings
61
Period portfolio turnover rate
21
%
Holdings [Text Block]
Graphical
Representation
of
H
olding
s
The table and charts below show the investment makeup of the
Fund
; percentages indicated and
graphical
representations are based on the Fund’s net asset value.
Top Ten Holdings
%
Allocation
Alphabet Inc., Class A 5.1
Amazon.com Inc. 4.3
NVIDIA Corp. 3.6
Taiwan Semiconductor Manufacturing Co., Ltd. - Sponsored ADR 3.5
Schneider Electric SE 3.3
Microsoft Corp. 3.2
Samsung Electronics Co., Ltd. - GDR, Reg S 3.2
Meta Platforms Inc., Class A 2.7
ASML Holding NV 2.7
Netflix Inc. 2.6
by Sector
Graphical Representation - Allocation 1 Chart
by Region
Graphical Representation - Allocation 2 Chart
 
Largest Holdings [Text Block]
Top Ten Holdings
%
Alphabet Inc., Class A 5.1
Amazon.com Inc. 4.3
NVIDIA Corp. 3.6
Taiwan Semiconductor Manufacturing Co., Ltd. - Sponsored ADR 3.5
Schneider Electric SE 3.3
Microsoft Corp. 3.2
Samsung Electronics Co., Ltd. - GDR, Reg S 3.2
Meta Platforms Inc., Class A 2.7
ASML Holding NV 2.7
Netflix Inc. 2.6
Global Equity - Institutional Class Z  
Shareholder Report [Line Items]  
Fund Name Global Equity
Class Name Institutional Class Z
Trading Symbol HLGZX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about the Global Equity Fund (“Fund”) for the period of November 1, 2025 to April 30, 2026.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at
HardingLoevnerFunds.com
. You can also requestthis information by calling(877) 435-8105or by sending an e-mail request to hardingloevnerfunds@ntrs.com.
Additional Information Phone Number (877) 435-8105
Additional Information Email hardingloevnerfunds@ntrs.com
Additional Information Website HardingLoevnerFunds.com
Expenses [Text Block]
What were the
Fund
costs for the period?
(based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
1
Global Equity (Institutional Class Z)
$
38
0.75
%
1
Expense ratio is expressed on an annualized basis.
Expenses Paid, Amount $ 38
Expense Ratio, Percent 0.75% [1]
Factors Affecting Performance [Text Block]
Management’s Discussion of Fund Performance
The Global Equity Institutional Class Z (HLGZX) increased 3.06% (net of fees and expenses) in the six-month period ended April 30, 2026. The Fund's benchmark, the MSCI All Country World Index, rose 7.75% (net of source taxes).
Key Performance Factors
Energy and Materials soared following the US-Israeli attack on Iran and closing of the Strait of Hormuz. Consumer Discretionary lagged on concerns that increased spending on AI will pressure margins. The US market saw weak returns from large cloud-computing and data center companies, while enthusiasm for Asian technology companies boosted EMs. The Fund underperformed, with poor stocks in Communication Services, Consumer Discretionary, and Financials. The Fund’s high-quality growth style also faced a headwind, as shares of high-quality and fast-growing companies lagged the broad market.
Sector Analysis
In Communication Services, shares of Chinese internet company Tencent were pressured by concerns about its ability to profit from its aggressive AI investment. In Consumer Discretionary, shares of Japanese electronics conglomerate Sony Group declined due to rising memory costs and potential margin pressure.
Geographic
Analysis
In the US, streaming company Netflix reported solid results that still fell short of market expectations. Alphabet was a bright spot as its dominant position in online search remained resilient. In EMs, Tencent and India’s HDFC Bank detracted. HDFC Bank was hurt by slower deposit growth and the resignation of its chairman; the bank appointed a well-regarded interim chair.
Performance
🡱 Top Contributors 🡳 Top Detractors
ASML Tencent
SLB Sony
Fabrinet Netflix
Alphabet Booking Holdings
Apple Adobe
The securities
shown
do not represent all
holdings
, and it should not be assumed that investment in
these
securities has been or will be profitable. The following is available upon request: (1) information describing the methodology of the contribution data and (2) a list showing the weight and relative
contribution
of all holdings during the period. Contribution is the
contribution
to overall performance over the period.
Performance Past Does Not Indicate Future [Text] Performance data quoted represents past performance; past performance does not guarantee future results.
Line Graph [Table Text Block] Fund Performance - Growth of 10K
Average Annual Return [Table Text Block]
Average Annual
Total
Return (%) as of April 30, 2026
1 Year
5 Year
10 Year
Fund 15.92 3.86 10.38
MSCI All Country World Index 31.00 10.68 12.25
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Updated Performance Information Location [Text Block] Visit
HardingLoevnerFunds.com
for the most recent performance information.
Net Assets $ 537,200,000
Holdings Count | Holding 61
Advisory Fees Paid, Amount $ 1,800,000
Investment Company, Portfolio Turnover 21.00%
Additional Fund Statistics [Text Block]
Key Fund Statistics
During Reporting Period
Fund net assets
$
537.2M
Total advisory fees paid
(after waiver/reimbursement)
$
1.8M
Total number of holdings 61 Period portfolio turnover rate 21
%
Holdings [Text Block]
Graphical Representation of Holdings
The table and charts
below
show the investment makeup of the Fund;
percentages
indicated and graphical representations are based on the Fund’s net asset value.
Top Ten Holdings
%
Allocation
Alphabet Inc., Class A 5.1
Amazon.com Inc. 4.3
NVIDIA Corp. 3.6
Taiwan Semiconductor Manufacturing Co., Ltd. - Sponsored ADR 3.5
Schneider Electric SE 3.3
Microsoft Corp. 3.2
Samsung Electronics Co., Ltd. - GDR, Reg S 3.2
Meta Platforms Inc., Class A 2.7
ASML Holding NV 2.7
Netflix Inc. 2.6
by Sector
Graphical Representation - Allocation 1 Chart
by Region
Graphical Representation - Allocation 2 Chart
 
Largest Holdings [Text Block]
Top Ten Holdings
%
Alphabet Inc., Class A 5.1
Amazon.com Inc. 4.3
NVIDIA Corp. 3.6
Taiwan Semiconductor Manufacturing Co., Ltd. - Sponsored ADR 3.5
Schneider Electric SE 3.3
Microsoft Corp. 3.2
Samsung Electronics Co., Ltd. - GDR, Reg S 3.2
Meta Platforms Inc., Class A 2.7
ASML Holding NV 2.7
Netflix Inc. 2.6
International Equity - Institutional Class  
Shareholder Report [Line Items]  
Fund Name International Equity
Class Name Institutional Class
Trading Symbol HLMIX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about the International Equity Fund (“Fund”) for the period of November 1, 2025 to April 30, 2026.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at
HardingLoevnerFunds.com
. You can also requestthis information by calling(877) 435-8105or by sending an e-mail request to hardingloevnerfunds@ntrs.com.
Additional Information Phone Number (877) 435-8105
Additional Information Email hardingloevnerfunds@ntrs.com
Additional Information Website HardingLoevnerFunds.com
Expenses [Text Block]
What were
the
Fund costs for the period?
(based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
1
International Equity (Institutional Class)
$
44
0.84
%
1
Expense ratio is expressed on an annualized basis.
Expenses Paid, Amount $ 44
Expense Ratio, Percent 0.84% [1]
Factors Affecting Performance [Text Block]
Management’s Discussion of Fund Performance
The International Equity Institutional Class (HLMIX) returned 12.83% (net of fees and expenses) in the six-month period ended April 30, 2026. The Fund's benchmark, the MSCI All Country World ex US Index, increased 12.11% (net of source taxes).
Key Performance Factors
Energy and Information Technology (IT) were the best performing sectors during the period, spurred by the rising price of oil due to the US-Iran conflict and the continued strength of AI-related companies. Communication Services declined, dragged down by the poor performance of media & entertainment companies. Shares of the fastest-growing companies significantly outperformed, while the highest-quality and most-expensive companies underperformed. The Fund’s emphasis on fast-growing companies boosted its relative performance. The Fund also outpaced the index in IT, Consumer Staples, Emerging Markets, and Europe ex EMU, but lagged in Financials, Consumer Discretionary, and Japan.
Sector Analysis
In IT, the share prices of South Korea’s Samsung Electronics and Taiwan’s Delta Electronics surged due to strong memory chip and power management demand stemming from soaring AI investment. In Financials, India's HDFC Bank detracted as it reported slower deposit growth and the resignation of its Chairman.
Geographic Analysis
UK-based mining
company
Rio Tinto gained after reporting copper-equivalent volume growth and strong cash flows. Shares of Israeli customer-service software provider NICE fell as it raised revenue guidance but forecasted lower full-year profitability due to the costs of its acquisition of Germany’s Cognigy.
Performance
🡱 Top Contributors 🡳 Top Detractors
Delta Electronics HDFC Bank
Samsung Electronics Sony
Rio Tinto Naver
Lasertec MercadoLibre
ASML M3
The securities
shown
do not represent all holdings, and it should not be
assumed
that investment in these securities has been or will be profitable. The following is available upon
request
: (1) information describing the methodology of the contribution data and (2) a list showing the weight and relative contribution of all holdings during the period. Contribution is the contribution to
overall
performance over the period.
Performance Past Does Not Indicate Future [Text] Performance data quoted represents past performance; past performance does not guarantee future results.
Line Graph [Table Text Block] Fund Performance - Growth of 10K
Average Annual Return [Table Text Block]
Average Annual
Total
Return (%) as of April 30, 2026
1 Year
5 Year
10 Year
Fund 28.88 6.56 9.42
MSCI All Country World ex US Index 32.20 8.38 9.10
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Updated Performance Information Location [Text Block] Visit
HardingLoevnerFunds.com
for the most recent performance information
Net Assets $ 12,320,700,000
Holdings Count | Holding 68
Advisory Fees Paid, Amount $ 40,900,000
Investment Company, Portfolio Turnover 11.00%
Additional Fund Statistics [Text Block]
Key Fund Statistics
During Reporting Period
Fund net assets
$
12,320.7M
Total advisory fees paid
(after waiver/reimbursement)
$
40.9M
Total number of holdings 68 Period portfolio turnover rate 11
%
Holdings [Text Block]
Graphical Representation of
Holdings
The table and charts below show
the
investment makeup of the Fund; percentages indicated and
graphical
representations are based on the Fund’s net asset value.
Top Ten Holdings
%
Allocation
Taiwan Semiconductor Manufacturing Co., Ltd. - Sponsored ADR 4.5
Samsung Electronics Co., Ltd. - GDR, Reg S 4.0
Delta Electronics Inc. 3.5
Shell plc 3.4
Northern Institutional Funds - Treasury Portfolio (Premier Shares) 3.3
Manulife Financial Corp. 2.8
Contemporary Amperex Technology Co., Ltd., Class A 2.8
AIA Group Ltd. 2.6
Rio Tinto plc 2.4
Banco Bilbao Vizcaya Argentaria SA 2.4
by Sector
Graphical Representation - Allocation 1 Chart
by Region
Graphical Representation - Allocation 2 Chart
 
Largest Holdings [Text Block]
Top Ten Holdings
%
Taiwan Semiconductor Manufacturing Co., Ltd. - Sponsored ADR 4.5
Samsung Electronics Co., Ltd. - GDR, Reg S 4.0
Delta Electronics Inc. 3.5
Shell plc 3.4
Northern Institutional Funds - Treasury Portfolio (Premier Shares) 3.3
Manulife Financial Corp. 2.8
Contemporary Amperex Technology Co., Ltd., Class A 2.8
AIA Group Ltd. 2.6
Rio Tinto plc 2.4
Banco Bilbao Vizcaya Argentaria SA 2.4
International Equity - Institutional Class Z [Member]  
Shareholder Report [Line Items]  
Fund Name International Equity
Class Name Institutional Class Z
Trading Symbol HLIZX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about the International Equity Fund (“Fund”) for the period of November 1, 2025 to April 30, 2026.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at
HardingLoevnerFunds.com
. You can also request this information by calling (877) 435-8105 or by sending an e-mail request to hardingloevnerfunds@ntrs.com.
Additional Information Phone Number (877) 435-8105
Additional Information Email hardingloevnerfunds@ntrs.com
Additional Information Website HardingLoevnerFunds.com
Expenses [Text Block]
What were
the
Fund costs for the period?
(based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
1
International Equity (Institutional Class Z)
$
39
0.73
%
1
Expense ratio is expressed on an annualized basis.
Expenses Paid, Amount $ 39
Expense Ratio, Percent 0.73% [1]
Factors Affecting Performance [Text Block]
Management’s Discussion of Fund Performance
The International Equity Institutional Class Z (HLIZX) returned 12.92% (net of fees and expenses) in the six-month period ended April 30, 2026. The Fund's benchmark, the MSCI All Country World ex US Index, increased 12.11% (net of source taxes).
Key Performance Factors
Energy and Information Technology (IT) were the best performing sectors during the period, spurred by the rising price of oil due to the US-Iran conflict and the continued strength of AI-related companies. Communication Services declined, dragged down by the poor performance of media & entertainment companies. Shares of the fastest-growing companies significantly outperformed, while the highest-quality and most-expensive companies underperformed. The Fund’s emphasis on fast-growing companies boosted its relative performance. The Fund also outpaced the index in IT, Consumer Staples, Emerging Markets, and Europe ex EMU, but lagged in Financials, Consumer Discretionary, and Japan.
Sector Analysis
In IT, the share prices of South Korea’s Samsung Electronics and Taiwan’s Delta Electronics surged due to strong memory chip and power management demand stemming from soaring AI investment. In Financials, India's HDFC Bank detracted as it reported slower deposit growth and the resignation of its Chairman.
Geographic Analysis
UK-based mining company Rio
Tinto
gained after reporting copper-equivalent volume growth and strong cash flows. Shares of Israeli customer-service software provider NICE fell as it raised revenue guidance but forecasted lower full-year profitability due to the costs of its acquisition of Germany’s Cognigy.
Performance
🡱 Top Contributors 🡳 Top Detractors
Delta Electronics HDFC Bank
Samsung Electronics Sony
Rio Tinto Naver
Lasertec MercadoLibre
ASML M3
The securities shown do
not
represent all holdings, and it should not be assumed that investment
in
these securities has been or will be profitable. The following is available upon request: (1)
information
describing the methodology of the contribution data and (2) a list showing the weight and relative contribution of all holdings during the period. Contribution is the contribution to overall
performance
over the period.
Performance Past Does Not Indicate Future [Text] Performance data quoted represents past performance; past performance does not guarantee future results.
Line Graph [Table Text Block] Fund Performance - Growth of 10K
Average Annual Return [Table Text Block]
Average
Annual
Total Return (%) as of April 30, 2026
1 Year
5 Year
10 Year
Fund 28.99 6.66 9.51
MSCI All Country World ex US Index 32.20 8.38 9.10
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Updated Performance Information Location [Text Block] Visit
HardingLoevnerFunds.com
for the most recent performance information.
Net Assets $ 12,320,700,000
Holdings Count | Holding 68
Advisory Fees Paid, Amount $ 40,900,000
Investment Company, Portfolio Turnover 11.00%
Additional Fund Statistics [Text Block]
Key Fund Statistics
During Reporting Period
Fund net assets
$
12,320.7M
Total advisory fees paid
(after waiver/reimbursement)
$
40.9M
Total number of holdings 68 Period portfolio turnover rate 11
%
Holdings [Text Block]
Graphical Representation of Holdings
The table and charts below show the investment makeup of
the
Fund; percentages indicated and graphical representations
are
based on the Fund’s net asset value.
Top Ten Holdings
%
Allocation
Taiwan Semiconductor Manufacturing Co., Ltd. - Sponsored ADR 4.5
Samsung Electronics Co., Ltd. - GDR, Reg S 4.0
Delta Electronics Inc. 3.5
Shell plc 3.4
Northern Institutional Funds - Treasury Portfolio (Premier Shares) 3.3
Manulife Financial Corp. 2.8
Contemporary Amperex Technology Co., Ltd., Class A 2.8
AIA Group Ltd. 2.6
Rio Tinto plc 2.4
Banco Bilbao Vizcaya Argentaria SA 2.4
by Sector
Graphical Representation - Allocation 1 Chart
by Region
Graphical Representation - Allocation 2 Chart
 
Largest Holdings [Text Block]
Top Ten Holdings
%
Taiwan Semiconductor Manufacturing Co., Ltd. - Sponsored ADR 4.5
Samsung Electronics Co., Ltd. - GDR, Reg S 4.0
Delta Electronics Inc. 3.5
Shell plc 3.4
Northern Institutional Funds - Treasury Portfolio (Premier Shares) 3.3
Manulife Financial Corp. 2.8
Contemporary Amperex Technology Co., Ltd., Class A 2.8
AIA Group Ltd. 2.6
Rio Tinto plc 2.4
Banco Bilbao Vizcaya Argentaria SA 2.4
International Equity - Investor Class  
Shareholder Report [Line Items]  
Fund Name International Equity
Class Name Investor Class
Trading Symbol HLMNX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about the International Equity Fund (“Fund”) for the period of November 1, 2025 to April 30, 2026.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at
HardingLoevnerFunds.com
. You can also requestthis information by calling (877) 435-8105 or by sending an e-mail request to
hardingloevnerfunds@ntrs.com
.
Additional Information Phone Number (877) 435-8105
Additional Information Email hardingloevnerfunds@ntrs.com
Additional Information Website HardingLoevnerFunds.com
Expenses [Text Block]
What were the Fund costs for the period?
(based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
1
International Equity (Investor Class)
$
61
1.15
%
1
Expense ratio is expressed on an annualized basis.
Expenses Paid, Amount $ 61
Expense Ratio, Percent 1.15% [1]
Factors Affecting Performance [Text Block]
Management’s Discussion of Fund Performance
The International Equity Investor Class (HLMNX) returned 12.66% (net of fees and expenses) in the six-month period ended April 30, 2026. The Fund's benchmark, the MSCI All Country World ex US Index, increased 12.11% (net of source taxes).
Key Performance Factors
Energy and Information Technology (IT) were the best performing sectors during the period, spurred by the rising price of oil due to the US-Iran conflict and the continued strength of AI-related companies. Communication Services declined, dragged down by the poor performance of media & entertainment companies. Shares of the fastest-growing companies significantly outperformed, while the highest-quality and most-expensive companies underperformed. The Fund’s emphasis on fast-growing companies boosted its relative performance. The Fund also outpaced the index in IT, Consumer Staples, Emerging Markets, and Europe ex EMU, but lagged in Financials, Consumer Discretionary, and Japan.
Sector Analysis
In IT, the share prices of South Korea’s Samsung Electronics and Taiwan’s Delta Electronics surged due to strong memory chip and power management demand stemming from soaring AI investment. In Financials, India's HDFC Bank detracted as it reported slower deposit growth and the resignation of its Chairman.
Geographic Analysis
UK-based mining company Rio Tinto gained after reporting copper-equivalent volume growth and strong cash flows. Shares of Israeli customer-service software provider NICE fell as it raised revenue guidance but forecasted lower full-year profitability due to the costs of its acquisition of Germany’s Cognigy.
Performance
🡱 Top Contributors 🡳 Top Detractors
Delta Electronics HDFC Bank
Samsung Electronics Sony
Rio Tinto Naver
Lasertec MercadoLibre
ASML M3
The securities shown do not represent all holdings, and it should not be assumed that investment in these s
ecu
rities has been or will be profitable. The following is available upon request: (1) information describing the methodology of the contribution data and (2) a list showing the weight and relative contribution of all holdings durin
g the
period. Contribution is the contribution to overall performa
n
ce over the period.
Performance Past Does Not Indicate Future [Text] Performance data quoted represents past performance; past performance does not guarantee future results.
Line Graph [Table Text Block] Fund Performance - Growth of 10K
Average Annual Return [Table Text Block]
Average Annual Total Return (%) as of April 30, 2026
1 Year
5 Year
10 Year
Fund 28.42 6.21 9.07
MSCI All Country World ex US Index 32.20 8.38 9.10
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Updated Performance Information Location [Text Block] Visit
HardingLoevnerFunds.com
for the most recent performance information.
Net Assets $ 12,320,700,000
Holdings Count | Holding 68
Advisory Fees Paid, Amount $ 40,900,000
Investment Company, Portfolio Turnover 11.00%
Additional Fund Statistics [Text Block]
Key Fund Statistics
During Reporting Period
Fund net assets
$
12,320.7M
Total advisory fees paid
(after waiver/reimbursement)
$
40.9M
Total number of holdings 68 Period portfolio turnover rate 11
%
Holdings [Text Block]
Graphical Representation of Holdings
The table and charts below show the investment makeup of the Fund; per
cent
ages indicated and graphical representations are based on the Fund’s net asset value.
Top Ten Holdings
%
Allocation
Taiwan Semiconductor Manufacturing Co., Ltd. - Sponsored ADR 4.5
Samsung Electronics Co., Ltd. - GDR, Reg S 4.0
Delta Electronics Inc. 3.5
Shell plc 3.4
Northern Institutional Funds - Treasury Portfolio (Premier Shares) 3.3
Manulife Financial Corp. 2.8
Contemporary Amperex Technology Co., Ltd., Class A 2.8
AIA Group Ltd. 2.6
Rio Tinto plc 2.4
Banco Bilbao Vizcaya Argentaria SA 2.4
by Sector
Graphical Representation - Allocation 1 Chart
by Region
Graphical Representation - Allocation 2 Chart
Largest Holdings [Text Block]
Top Ten Holdings
%
Allocation
Taiwan Semiconductor Manufacturing Co., Ltd. - Sponsored ADR 4.5
Samsung Electronics Co., Ltd. - GDR, Reg S 4.0
Delta Electronics Inc. 3.5
Shell plc 3.4
Northern Institutional Funds - Treasury Portfolio (Premier Shares) 3.3
Manulife Financial Corp. 2.8
Contemporary Amperex Technology Co., Ltd., Class A 2.8
AIA Group Ltd. 2.6
Rio Tinto plc 2.4
Banco Bilbao Vizcaya Argentaria SA 2.4
International Developed Markets Equity - Institutional Class  
Shareholder Report [Line Items]  
Fund Name International Developed Markets Equity
Class Name Institutional Class
Trading Symbol HLIDX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about the International Developed Markets Equity Fund (“Fund”) for the period of November 1, 2025 to April 30, 2026.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at
HardingLoevnerFunds.com
. You can also requestthis information by calling (877) 435-8105 or by sending an e-mail request to hardingloevnerfunds@ntrs.com.
Material Fund Change Notice [Text Block] This report describes changes to the Fund that occurred during the reporting period.
Additional Information Phone Number (877) 435-8105
Additional Information Email hardingloevnerfunds@ntrs.com
Additional Information Website HardingLoevnerFunds.com
Expenses [Text Block]
What were the Fund costs for the period?
(based on a hypothetical $10,000 investment)
Fund (Class)Costs of a $10,000 investmentCosts paid as a percentage of a $10,000 investment
1
International Developed Markets Equity (Institutional Class)
$
42
0.80
%
1
Expense ratio is expressed on an annualized basis.
Expenses Paid, Amount $ 42
Expense Ratio, Percent 0.80% [1]
Factors Affecting Performance [Text Block]
Management’s Discussion of Fund Performance
The International Developed Markets Equity Institutional Class (HLIDX) returned 12.96% (net of fees and expenses) in the six-month period ended April 30, 2026. The Fund's benchmark, the MSCI World ex US Index, increased 10.72% (net of source taxes).
Key Performance Factors
Energy was the best performing sector during the period, spurred by the rising price of oil due to the US-Iran conflict. Materials also rose, with mining companies benefiting from higher gold and silver prices. Consumer Discretionary and Communication Services declined, due to the poor performance of consumer durables & apparel and media & entertainment companies, respectively. The Fund’s emphasis on fast-growing companies boosted its relative performance, while the highest-quality and most-expensive companies underperformed. The Fund also outpaced the index in Information Technology (IT), Industrials, and Europe ex EMU, but lagged in Financials, Consumer Discretionary, and Japan.
Sector Analysis
In IT, Samsung Electronics, ASML, and Disco Corp all gained strongly, reflecting broad-based strength of shares across the semiconductor supply chain. In Financials, Dutch payments processor Adyen fell sharply due to disappointing full-year guidance and concerns that AI-driven commerce could erode its competitive edge.
Geographic Analysis
UK-based mining company Rio Tinto gained after reporting copper-equivalent volume growth and strong cash flows. Shares of Israeli customer-service software provider NICE fell as it raised revenue guidance but forecasted lower full-year profitability due to the costs of its acquisition of Germany’s Cognigy.
Performance
🡱 Top Contributors🡳 Top Detractors
Samsung ElectronicsSony
LasertecAdyen
TSMCM3
Rio TintoSea Limited
ASMLNICE
The securities shown do not represent all holdings, and it should not be assumed that investment in these securities has been or will be profitable. The following is available upon request: (1) information describing the methodology of the contribution data and (2) a list showing the weight and relative contribution of all holdings during the period. Contribution is the contribution to overall performance over the p
eri
od.
Performance Past Does Not Indicate Future [Text] Performance data quoted represents past performance; past performance does not guarantee future results.
Line Graph [Table Text Block] Fund Performance - Growth of 10K
Average Annual Return [Table Text Block]
Average Annual Total Return (%) as of April 30, 2026
1 Year
Since
Inception
Fund21.54 17.68
MSCI World ex US Index26.33 21.67
MSCI EAFE Index24.60 21.64
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Material Change Date Jul. 17, 2026
Updated Performance Information Location [Text Block] Visit
HardingLoevnerFunds.com
for the most recent performance information.
Net Assets $ 93,500,000
Holdings Count | Holding 51
Advisory Fees Paid, Amount $ 300,000
Investment Company, Portfolio Turnover 14.00%
Additional Fund Statistics [Text Block]
Key Fund Stat
ist
ics
During Reporting Period
Fund net assets
$
93.5M
Total advisory fees paid
(after waiver/reimbursement)
$
0.3M
Total number of holdings51Period portfolio turnover rate14
%
Holdings [Text Block]
Graphical Representation of Holdings
The table and charts below show the investment makeup of the Fund; percentages indicated and graphical representations are based on the Fund’s net asset value.
Top Ten Holdings
%
Allocation
Shell plc4.3
Taiwan Semiconductor Manufacturing Co., Ltd. - Sponsored ADR3.8
AIA Group Ltd.3.6
Northern Institutional Funds - Treasury Portfolio (Premier Shares)3.2
Allianz SE, Reg S3.1
Samsung Electronics Co., Ltd. - GDR, Reg S3.1
Rio Tinto plc3.1
ASML Holding NV3.0
Banco Bilbao Vizcaya Argentaria SA3.0
BAE Systems plc3.0
by Sector
Graphical Representation - Allocation 1 Chart
by Region
Graphical Representation - Allocation 2 Chart
Largest Holdings [Text Block]
Top Ten Holdings
%
Allocation
Shell plc4.3
Taiwan Semiconductor Manufacturing Co., Ltd. - Sponsored ADR3.8
AIA Group Ltd.3.6
Northern Institutional Funds - Treasury Portfolio (Premier Shares)3.2
Allianz SE, Reg S3.1
Samsung Electronics Co., Ltd. - GDR, Reg S3.1
Rio Tinto plc3.1
ASML Holding NV3.0
Banco Bilbao Vizcaya Argentaria SA3.0
BAE Systems plc3.0
Material Fund Change [Text Block]
Material Fund Changes
Pursuant to an Agreement and Plan of Reorganization approved by the Board of Directors, the Fund is entering into a transaction with a newly-created shell series, the Harding
 
Loevner International Developed Markets Select Equity
 
ETF, in order to convert the Fund into an exchange-traded fund (the "Transaction"). The Transaction is expected to be completed after the close of business on July 17, 2026 (or at such other date as agreed to by the parties of the Transaction).
This is a summary of certain changes to the Fund since November 1,
 
2025. For more comprehensive information, you may review the Fund’s next prospectus, which we expect to be available by February 28, 2027 at
HardingLoevnerFunds.com
or upon special request at
(877) 435-8105
.
Material Fund Change Name [Text Block] Pursuant to an Agreement and Plan of Reorganization approved by the Board of Directors, the Fund is entering into a transaction with a newly-created shell series, the Harding
 
Loevner International Developed Markets Select Equity
 
ETF, in order to convert the Fund into an exchange-traded fund (the "Transaction"). The Transaction is expected to be completed after the close of business on July 17, 2026 (or at such other date as agreed to by the parties of the Transaction).
Summary of Change Legend [Text Block] This is a summary of certain changes to the Fund since November 1,
 
2025. For more comprehensive information, you may review the Fund’s next prospectus, which we expect to be available by February 28, 2027 at
HardingLoevnerFunds.com
or upon special request at
(877) 435-8105
.
Updated Prospectus Phone Number (877) 435-8105
Updated Prospectus Web Address HardingLoevnerFunds.com
International Small Companies - Institutional Class  
Shareholder Report [Line Items]  
Fund Name International Small Companies
Class Name Institutional Class
Trading Symbol HLMRX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about the International Small Companies Fund (“Fund”) for the period of November 1, 2025 to April 30, 2026.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at
HardingLoevnerFunds.com
. You can also requestthis information by calling (877) 435-8105 or by sending an e-mail request to hardingloevnerfunds@ntrs.com.
Additional Information Phone Number (877) 435-8105
Additional Information Email hardingloevnerfunds@ntrs.com
Additional Information Website HardingLoevnerFunds.com
Expenses [Text Block]
What were the Fund costs for the period?
(based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
1
International Small Companies (Institutional Class)
$
56
1.11
%
1
Expense ratio is expressed on an annualized basis.
Expenses Paid, Amount $ 56
Expense Ratio, Percent 1.11% [1]
Factors Affecting Performance [Text Block]
Management’s Discussion of Fund Performance
The International Small Companies Institutional Class (HLMRX) returned 5.18% (net of fees and expenses) in the six-month period ended April 30, 2026. The Fund's benchmark, the MSCI ACWI ex US Small Cap Index, increased 12.34% (net of source taxes).
1
Key Performance Factors
Energy and Information Technology (IT) were the best-performing sectors due to the rising price of oil following the US-Iran conflict and the continued strength of AI-related companies. Consumer Discretionary and Health Care were dragged down by the poor performance of consumer services and health care equipment & services stocks, respectively. Shares of the fastest-growing companies outperformed, while shares of the highest-quality and most-expensive companies underperformed, which weighed on the Fund’s relative performance. The Fund also lagged the index in IT, Materials, the European Monetary Union, and Japan while outperforming in Industrials and Pacific ex Japan.
Sector Analysis
Japanese software-testing business Shift detracted after the company’s management said lower utilization of its software testers was hurting operating margins. Shares of Senior, a UK-based supplier of thermal-management and fluid-conveyance systems, rose after receiving takeover offers.
Geographic Analysis
Shares of German real estate listings platform Scout24 declined as investors worried about the potential for AI to disrupt its business. Hong Kong-based semiconductor manufacturer ASM Pacific Technology reported strong quarterly results, boosted by AI-related infrastructure demand.
Performance
🡱 Top Contributors 🡳 Top Detractors
Aspeed Shift
Senior Baltic Classifieds
Clarkson Scout24
Silergy Evotec
Airtel Africa Yantai China Pet Foods
The securities shown do not represent all holdings, and it should not be assumed that investment in these securities has been or will be profitable. The following is available upon request: (1) information describing the methodology of the contribution data and (2) a list showing the weight and relative contribution of all holdings during the period. Contribution is the contribution to overall performance over the period.
1
The Fund considers the non-broa
d-bas
ed index most relevant w
hen analy
zing the Fund’s p
erfor
mance.
Performance Past Does Not Indicate Future [Text] Performance data quoted represents past performance; past performance does not guarantee future results.
Line Graph [Table Text Block] Fund Performance - Growth of 10K
Average Annual Return [Table Text Block]
Average Annual Total Return (%) as of April 30, 2026
1 Year
5 Year
10 Year
Fund 10.32 0.49 6.25
MSCI ACWI ex US Index 32.20 8.38 9.10
MSCI ACWI ex US Small Cap Index 34.14 6.70 8.73
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Updated Performance Information Location [Text Block] Visit
HardingLoevnerFunds.com
for the most recent performance information.
Net Assets $ 187,700,000
Holdings Count | Holding 85
Advisory Fees Paid, Amount $ 900,000
Investment Company, Portfolio Turnover 19.00%
Additional Fund Statistics [Text Block]
Key Fund
Sta
tistics
During Reporting Period
Fund net assets
$
187.7M
Total advisory fees paid
(after waiver/reimbursement)
$
0.9M
Total number of holdings 85 Period portfolio turnover rate 19
%
Holdings [Text Block]
Graphical Representation of Holdings
The table and charts below show the investment makeup of the Fund; percentages indicated and graphical representations are based on the Fund’s net asset value.
Top Ten Holdings
%
Allocation
Clarkson plc 3.1
Rubis SCA 2.9
Hoa Phat Group JSC 2.3
Cranswick plc 2.3
ASPEED Technology Inc. 2.3
KWS Saat SE & Co. KGaA 2.2
Silergy Corp. 2.1
Diploma plc 2.1
Kinaxis Inc. 1.9
Artea Bankas AB 1.9
by Sector
Graphical Representation - Allocation 1 Chart
by Region
Graphical Representation - Allocation 2 Chart
Largest Holdings [Text Block]
Top Ten Holdings
%
Allocation
Clarkson plc 3.1
Rubis SCA 2.9
Hoa Phat Group JSC 2.3
Cranswick plc 2.3
ASPEED Technology Inc. 2.3
KWS Saat SE & Co. KGaA 2.2
Silergy Corp. 2.1
Diploma plc 2.1
Kinaxis Inc. 1.9
Artea Bankas AB 1.9
International Small Companies - Institutional Class Z  
Shareholder Report [Line Items]  
Fund Name International Small Companies
Class Name Institutional Class Z
Trading Symbol HLRZX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about the International Small Companies Fund (“Fund”) for the period of November 1, 2025 to April 30, 2026.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at
HardingLoevnerFunds.com
. You can also requestthis information by calling (877) 435-8105 or by sending an e-mail request to hardingloevnerfunds@ntrs.com.
Additional Information Phone Number (877) 435-8105
Additional Information Email hardingloevnerfunds@ntrs.com
Additional Information Website HardingLoevnerFunds.com
Expenses [Text Block]
What were the Fund costs for the period?
(based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
1
International Small Companies (Institutional Class Z)
$
51
1.00
%
1
Expense ratio is expressed on an annualized basis.
Expenses Paid, Amount $ 51
Expense Ratio, Percent 1.00% [1]
Factors Affecting Performance [Text Block]
Management’s Discussion of Fund Performance
The International Small Companies Institutional Class Z (HLRZX) returned 5.19% (net of fees and expenses) in the six-month period ended April 30, 2026. The Fund's benchmark, the MSCI ACWI ex US Small Cap Index, increased 12.34% (net of source taxes).
1
Key Performance Factors
Energy and Information Technology (IT) were the best-performing sectors due to the rising price of oil following the US-Iran conflict and the continued strength of AI-related companies. Consumer Discretionary and Health Care were dragged down by the poor performance of consumer services and health care equipment & services stocks, respectively. Shares of the fastest-growing companies outperformed, while shares of the highest-quality and most-expensive companies underperformed, which weighed on the Fund’s relative performance. The Fund also lagged the index in IT, Materials, the European Monetary Union, and Japan while outperforming in Industrials and Pacific ex Japan.
Sector Analysis
Japanese software-testing business Shift detracted after the company’s management said lower utilization of its software testers was hurting operating margins. Shares of Senior, a UK-based supplier of thermal-management and fluid-conveyance systems, rose after receiving takeover offers.
Geographic Analysis
Shares of German real estate listings platform Scout24 declined as investors worried about the potential for AI to disrupt its business. Hong Kong-based semiconductor manufacturer ASM Pacific Technology reported strong quarterly results, boosted by AI-related infrastructure demand.
Performance
🡱 Top Contributors 🡳 Top Detractors
Aspeed Shift
Senior Baltic Classifieds
Clarkson Scout24
Silergy Evotec
Airtel Africa Yantai China Pet Foods
The securities shown do not represent all holdings, and it should not be assumed that investment in these securities has been or will be profitable. The following is available upon request: (1) information describing the methodology of the contribution data and (2) a list showing the weight and relative contribution of all holdings during the period. Contribution is the contribution to overall performance over the period.
1
The Fund considers the non-broad-based index most relevant when analyzing the Fund’s p
erform
ance.
Performance Past Does Not Indicate Future [Text] Performance data quoted represents past performance; past performance does not guarantee future results.
Line Graph [Table Text Block] Fund Performance - Growth of 10K
Average Annual Return [Table Text Block]
Average Annual Total Return (%) as of April 30, 2026
1 Year
5 Year
10 Year
Fund 10.39 0.57 6.30
MSCI ACWI ex US Index 32.20 8.38 9.10
MSCI ACWI ex US Small Cap Index 34.14 6.70 8.73
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Updated Performance Information Location [Text Block] Visit
HardingLoevnerFunds.com
for the most recent performance information.
Net Assets $ 187,700,000
Holdings Count | Holding 85
Advisory Fees Paid, Amount $ 900,000
Investment Company, Portfolio Turnover 19.00%
Additional Fund Statistics [Text Block]
Key Fund S
tat
istics
During Reporting Period
Fund net assets
$
187.7M
Total advisory fees paid
(after waiver/reimbursement)
$
0.9M
Total number of holdings 85 Period portfolio turnover rate 19
%
Holdings [Text Block]
Graphical Representation of Holdings
The table and charts below show the investment makeup of the Fund; percentages indicated and graphical representations are based on the Fund’s net asset value.
Top Ten Holdings
%
Allocation
Clarkson plc 3.1
Rubis SCA 2.9
Hoa Phat Group JSC 2.3
Cranswick plc 2.3
ASPEED Technology Inc. 2.3
KWS Saat SE & Co. KGaA 2.2
Silergy Corp. 2.1
Diploma plc 2.1
Kinaxis Inc. 1.9
Artea Bankas AB 1.9
by Sector
Graphical Representation - Allocation 1 Chart
by Region
Graphical Representation - Allocation 2 Chart
Largest Holdings [Text Block]
Top Ten Holdings
%
Allocation
Clarkson plc 3.1
Rubis SCA 2.9
Hoa Phat Group JSC 2.3
Cranswick plc 2.3
ASPEED Technology Inc. 2.3
KWS Saat SE & Co. KGaA 2.2
Silergy Corp. 2.1
Diploma plc 2.1
Kinaxis Inc. 1.9
Artea Bankas AB 1.9
International Small Companies - Investor Class  
Shareholder Report [Line Items]  
Fund Name International Small Companies
Class Name Investor Class
Trading Symbol HLMSX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about the International Small Companies Fund (“Fund”) for the period of November 1, 2025 to April 30, 2026.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at
HardingLoevnerFunds.com
. You can also requestthis information by calling (877) 435-8105 or by sending an e-mail request to hardingloevnerfunds@ntrs.com.
Additional Information Phone Number (877) 435-8105
Additional Information Email hardingloevnerfunds@ntrs.com
Additional Information Website HardingLoevnerFunds.com
Expenses [Text Block]
What were the Fund costs for the period?
(based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
1
International Small Companies (Investor Class)
$
67
1.31
%
1
Expense ratio is expressed on an annualized basis.
Expenses Paid, Amount $ 67
Expense Ratio, Percent 1.31% [1]
Factors Affecting Performance [Text Block]
Management’s Discussion of Fund Performance
The International Small Companies Investor Class (HLMSX) returned 5.09% (net of fees and expenses) in the six-month period ended April 30, 2026. The Fund's benchmark, the MSCI ACWI ex US Small Cap Index, increased 12.34% (net of source taxes).
1
Key Performance Factors
Energy and Information Technology (IT) were the best-performing sectors due to the rising price of oil following the US-Iran conflict and the continued strength of AI-related companies. Consumer Discretionary and Health Care were dragged down by the poor performance of consumer services and health care equipment & services stocks, respectively. Shares of the fastest-growing companies outperformed, while shares of the highest-quality and most-expensive companies underperformed, which weighed on the Fund’s relative performance. The Fund also lagged the index in IT, Materials, the European Monetary Union, and Japan while outperforming in Industrials and Pacific ex Japan.
Sector Analysis
Japanese software-testing business Shift detracted after the company’s management said lower utilization of its software testers was hurting operating margins. Shares of Senior, a UK-based supplier of thermal-management and fluid-conveyance systems, rose after receiving takeover offers.
Geographic Analysis
Shares of German real estate listings platform Scout24 declined as investors worried about the potential for AI to disrupt its business. Hong Kong-based semiconductor manufacturer ASM Pacific Technology reported strong quarterly results, boosted by AI-related infrastructure demand.
Performance
🡱 Top Contributors 🡳 Top Detractors
Aspeed Shift
Senior Baltic Classifieds
Clarkson Scout24
Silergy Evotec
Airtel Africa Yantai China Pet Foods
The securities shown do not represent all holdings, and it should not be assumed that investment in these securities has been or will be profitable. The following is available upon request: (1) information describing the methodology of the contribution data and (2) a list showing the weight and relative contribution of all holdings during the period. Contribution is the contribution to overall performance over the period.
1
The Fund considers the non-broad-based index most relevant when analyzing the Fund’s pe
rfor
mance.
Performance Past Does Not Indicate Future [Text] Performance data quoted represents past performance; past performance does not guarantee future results.
Line Graph [Table Text Block] Fund Performance - Growth of 10K
Average Annual Return [Table Text Block]
Average Annual Total Return (%) as of April 30, 2026
1 Year
5 Year
10 Year
Fund 10.05 0.28 6.01
MSCI ACWI ex US Index 32.20 8.38 9.10
MSCI ACWI ex US Small Cap Index 34.14 6.70 8.73
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Updated Performance Information Location [Text Block] Visit
HardingLoevnerFunds.com
for the most recent performance information.
Net Assets $ 187,700,000
Holdings Count | Holding 85
Advisory Fees Paid, Amount $ 900,000
Investment Company, Portfolio Turnover 19.00%
Additional Fund Statistics [Text Block]
Key Fund
Sta
tistics
During Reporting Period
Fund net assets
$
187.7M
Total advisory fees paid
(after waiver/reimbursement)
$
0.9M
Total number of holdings 85 Period portfolio turnover rate 19
%
Holdings [Text Block]
Graphical Representation of Holdings
The table and charts below show the investment makeup of the Fund; percentages indicated and graphical representations are based on the Fund’s net asset value.
Top Ten Holdings
%
Allocation
Clarkson plc 3.1
Rubis SCA 2.9
Hoa Phat Group JSC 2.3
Cranswick plc 2.3
ASPEED Technology Inc. 2.3
KWS Saat SE & Co. KGaA 2.2
Silergy Corp. 2.1
Diploma plc 2.1
Kinaxis Inc. 1.9
Artea Bankas AB 1.9
by Sector
Graphical Representation - Allocation 1 Chart
by Region
Graphical Representation - Allocation 2 Chart
Largest Holdings [Text Block]
Top Ten Holdings
%
Allocation
Clarkson plc 3.1
Rubis SCA 2.9
Hoa Phat Group JSC 2.3
Cranswick plc 2.3
ASPEED Technology Inc. 2.3
KWS Saat SE & Co. KGaA 2.2
Silergy Corp. 2.1
Diploma plc 2.1
Kinaxis Inc. 1.9
Artea Bankas AB 1.9
Institutional Emerging Markets - Institutional Class  
Shareholder Report [Line Items]  
Fund Name Institutional Emerging Markets
Class Name Institutional Class
Trading Symbol HLMEX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about the Institutional Emerging Markets Fund (“Fund”) for the period of November 1, 2025 to April 30, 2026.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at
HardingLoevnerFunds.com
. You can also requestthis information by calling (877) 435-8105 or by sending an e-mail request to hardingloevnerfunds@ntrs.com.
Additional Information Phone Number (877) 435-8105
Additional Information Email hardingloevnerfunds@ntrs.com
Additional Information Website HardingLoevnerFunds.com
Expenses [Text Block]
What were the Fund costs for the period?
(based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
1
Institutional Emerging Markets (Institutional Class)
$
56
1.05
%
1
Expense ratio is expressed on an annualized basis.
Expenses Paid, Amount $ 56
Expense Ratio, Percent 1.05% [1]
Factors Affecting Performance [Text Block]
Management’s Discussion of Fund Performance
The Institutional Emerging Markets Institutional Class (HLMEX) rose 15.23% (net of fees and expenses) in the six-month period ended April 30, 2026. The Fund's benchmark, the MSCI Emerging Markets Index, rose 15.13% in the same period (net of source taxes).
Key Performance Factors
Emerging markets rose despite dipping sharply in March in reaction to the US-Israel attack on Iran. Information Technology (IT) surged thanks to the enthusiasm for AI-related semiconductor and hardware stocks in Asia. Energy benefited from the oil price spike caused by the Middle East conflict. Communication Services and Consumer Discretionary stocks lagged. The Fund outperformed in IT and Energy, mitigating underperformance in Consumer Discretionary. The Fund’s overweight in high-quality companies was also helpful.
Sector Analysis
In IT, shares of Taiwan’s Aspeed surged on booming demand for its baseboard management chips used in AI servers. In Consumer Discretionary, Indian auto manufacturer Maruti Suzuki reported operating margins that fell short of expectations due to rising commodity prices and the temporary cost of ramping up new manufacturing facilities that should bolster the company’s growth.
Geographical Analysis
Aspeed and Delta Electronics in Taiwan both benefited from the buildout of AI infrastructure. Delta saw strong shipments for its liquid-to-air cooling systems and server power supplies. Shares of India’s HDFC Bank were pressured by slower deposit growth and the resignation of its Chairman; the bank quickly appointed a well-regarded interim chair.
Performance
🡱 Top Contributors 🡳 Top Detractors
Aspeed TSMC
Delta Electronics HDFC Bank
Tenaris Maruti Suzuki
AirTAC Sea Limited
Samsung Electronics Hon Hai Precision
The securities shown do not represent all holdings, and it should not be assumed that investment in these securities has been or will be profitable. The following is available upon request: (1) information describing the methodology of the contribution data and (2) a list showing the weight and relative contribution of all holdings during the period. Contribution is the contribution to overall performance over the period.
Performance Past Does Not Indicate Future [Text] Performance data quoted represents past performance; past performance does not guarantee future results.
Line Graph [Table Text Block]
Fund
Performance
The following graph and chart compare the beginning and ending account values for the most recently completed 10 fiscal years of the Fund and for the semi-annual period ended April 30, 2026. It compares a $500,000 initial investment in the Fund with an investment in
 
an appropriate, broad-based securities market index.
Growth of $500,000 (USD)
Fund Performance - Growth of 10K
Average Annual Return [Table Text Block]
Average
Annual Total Return (%) as of April 30, 2026
1 Year
5 Year
10 Year
Fund 42.83 1.55 6.33
MSCI Emerging Markets Index 46.68 6.05 9.23
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Updated Performance Information Location [Text Block] Visit
HardingLoevnerFunds.com
for the most recent performance information.
Net Assets $ 532,700,000
Holdings Count | Holding 70
Advisory Fees Paid, Amount $ 1,800,000
Investment Company, Portfolio Turnover 95.00%
Additional Fund Statistics [Text Block]
Key Fund S
tati
stics
During Reporting Period
Fund
net
assets
$
532.7M
Total advisory fees paid
(after waiver/reimbursement)
$
1.8M
Total number of holdings 70 Period portfolio turnover rate 95
%
Holdings [Text Block]
Graphic
al
Representatio
n of
Holdings
The table and charts below show the investment makeup of the Fund; percentages indicated and graphical representations are based on the Fund’s net asset value.
Top Ten Holdings
%
Allocation
Taiwan Semiconductor Manufacturing Co., Ltd. 5.4
Samsung Electronics Co., Ltd. - GDR, Reg S 5.3
SK hynix Inc. 5.0
Tencent Holdings Ltd. 4.3
Northern Institutional Funds - Treasury Portfolio (Premier Shares) 4.3
ASPEED Technology Inc. 4.0
Delta Electronics Inc. 3.6
Contemporary Amperex Technology Co., Ltd., Class A 3.1
HDFC Bank Ltd. 2.8
Alibaba Group Holding Ltd. 2.6
by Sector
Graphical Representation - Allocation 1 Chart
by Region
Graphical Representation - Allocation 2 Chart
Largest Holdings [Text Block]
Top Ten Holdings
%
Taiwan Semiconductor Manufacturing Co., Ltd. 5.4
Samsung Electronics Co., Ltd. - GDR, Reg S 5.3
SK hynix Inc. 5.0
Tencent Holdings Ltd. 4.3
Northern Institutional Funds - Treasury Portfolio (Premier Shares) 4.3
ASPEED Technology Inc. 4.0
Delta Electronics Inc. 3.6
Contemporary Amperex Technology Co., Ltd., Class A 3.1
HDFC Bank Ltd. 2.8
Alibaba Group Holding Ltd. 2.6
Institutional Emerging Markets - Institutional Class Z  
Shareholder Report [Line Items]  
Fund Name Institutional Emerging Markets
Class Name Institutional Class Z
Trading Symbol HLEZX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about the Institutional Emerging Markets Fund (“Fund”) for the period of November 1, 2025 to April 30, 2026.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at
HardingLoevnerFunds.com
. You can also requestthis information by calling (877) 435-8105 or by sending an e-mail request to hardingloevnerfunds@ntrs.com.
Additional Information Phone Number (877) 435-8105
Additional Information Email hardingloevnerfunds@ntrs.com
Additional Information Website HardingLoevnerFunds.com
Expenses [Text Block]
What were the Fund costs for the period?
(based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
1
Institutional Emerging Markets (Institutional Class Z)
$
51
0.95
%
1
Expense ratio is expressed on an annualized basis.
Expenses Paid, Amount $ 51
Expense Ratio, Percent 0.95% [1]
Factors Affecting Performance [Text Block]
Management’s Discussion of Fund Performance
The Institutional Emerging Markets Institutional Class Z (HLEZX) rose 15.17% (net of fees and expenses) in the six-month period ended April 30, 2026. The Fund's benchmark, the MSCI Emerging Markets Index, rose 15.13% in the same period (net of source taxes).
Key Performance Factors
Emerging markets rose despite dipping sharply in March in reaction to the US-Israel attack on Iran. Information Technology (IT) surged thanks to the enthusiasm for AI-related semiconductor and hardware stocks in Asia. Energy benefited from the oil price spike caused by the Middle East conflict. Communication Services and Consumer Discretionary stocks lagged. The Fund outperformed in IT and Energy, mitigating underperformance in Consumer Discretionary. The Fund’s overweight in high-quality companies was also helpful.
Sector Analysis
In IT, shares of Taiwan’s Aspeed surged on booming demand for its baseboard management chips used in AI servers. In Consumer Discretionary, Indian auto manufacturer Maruti Suzuki reported operating margins that fell short of expectations due to rising commodity prices and the temporary cost of ramping up new manufacturing facilities that should bolster the company’s growth.
Geographical Analysis
Aspeed and Delta Electronics in Taiwan both benefited from the buildout of AI infrastructure. Delta saw strong shipments for its liquid-to-air cooling systems and server power supplies. Shares of India’s HDFC Bank were pressured by slower deposit growth and the resignation of its Chairman; the bank quickly appointed a well-regarded interim chair.
Performance
🡱 Top Contributors 🡳 Top Detractors
Aspeed TSMC
Delta Electronics HDFC Bank
Tenaris Maruti Suzuki
AirTAC Sea Limited
Samsung Electronics Hon Hai Precision
The securities shown do not represent all holdings, and it should not be assumed that investment in these securities has been or will be profitable. The following is available upon request: (1) information describing the methodology of the contribution data and (2) a list showing the weight and relative contribution of all holdings during the period. Contribution is the contribution to overall performance over the period.
Performance Past Does Not Indicate Future [Text] Performance data quoted represents past performance; past performance does not guarantee future results.
Line Graph [Table Text Block]
Fund
Performance
The following graph and chart compare the beginning and ending account values for the most recently completed 10 fiscal years of the Fund and for the semi-annual period ended April 30, 2026. It compares a $5,000,000 initial investment in the Fund with an investment in
 
an appropriate, broad-based securities market index.
Growth of $5,000,000 (USD)
Fund Performance - Growth of 10K
Average Annual Return [Table Text Block]
Average Annual Total Return (%) as of April 30, 2026
1 Year
5 Year
10 Year
Fund 42.86 1.63 6.48
MSCI Emerging Markets Index 46.68 6.05 9.23
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Updated Performance Information Location [Text Block] Visit
HardingLoevnerFunds.com
for the most recent performance information.
Net Assets $ 532,700,000
Holdings Count | Holding 70
Advisory Fees Paid, Amount $ 1,800,000
Investment Company, Portfolio Turnover 95.00%
Additional Fund Statistics [Text Block]
Key Fund
Sta
tistics
During Reporting Period
Fund net assets
$
532.7M
Total advisory fees paid
(after waiver/reimbursement)
$
1.8M
Total number of holdings 70 Period portfolio turnover rate 95
%
Holdings [Text Block]
Graphical Representation of Holdings
The table and charts below show the investment makeup of the Fund; percentages indicated and graphical representations are based on the Fund’s net asset value.
Top Ten Holdings
%
Allocation
Taiwan Semiconductor Manufacturing Co., Ltd. 5.4
Samsung Electronics Co., Ltd. - GDR, Reg S 5.3
SK hynix Inc. 5.0
Tencent Holdings Ltd. 4.3
Northern Institutional Funds - Treasury Portfolio (Premier Shares) 4.3
ASPEED Technology Inc. 4.0
Delta Electronics Inc. 3.6
Contemporary Amperex Technology Co., Ltd., Class A 3.1
HDFC Bank Ltd. 2.8
Alibaba Group Holding Ltd. 2.6
by Sector
Graphical Representation - Allocation 1 Chart
by Region
Graphical Representation - Allocation 2 Chart
Largest Holdings [Text Block]
Top Ten Holdings
%
Taiwan Semiconductor Manufacturing Co., Ltd. 5.4
Samsung Electronics Co., Ltd. - GDR, Reg S 5.3
SK hynix Inc. 5.0
Tencent Holdings Ltd. 4.3
Northern Institutional Funds - Treasury Portfolio (Premier Shares) 4.3
ASPEED Technology Inc. 4.0
Delta Electronics Inc. 3.6
Contemporary Amperex Technology Co., Ltd., Class A 3.1
HDFC Bank Ltd. 2.8
Alibaba Group Holding Ltd. 2.6
Frontier Emerging Markets - Institutional Class  
Shareholder Report [Line Items]  
Fund Name Frontier Emerging Markets
Class Name Institutional Class
Trading Symbol HLFMX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about the Frontier Emerging Markets Fund (“Fund”) for the period of November 1, 2025 to April 30, 2026.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at
HardingLoevnerFunds.com
. You can also requestthis information by calling (877) 435-8105 or by sending an e-mail request to hardingloevnerfunds@ntrs.com.
Additional Information Phone Number (877) 435-8105
Additional Information Email hardingloevnerfunds@ntrs.com
Additional Information Website HardingLoevnerFunds.com
Expenses [Text Block]
What were the Fund costs for the period?
(based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
1
Frontier Emerging Markets (Institutional Class)
$
73
1.45
%
1
Expense ratio is expressed on an annualized basis.
Expenses Paid, Amount $ 73
Expense Ratio, Percent 1.45% [1]
Factors Affecting Performance [Text Block]
Management’s Discussion of Fund Performance
The Frontier Emerging Markets Institutional Class (HLFMX) rose 4.28% (net of fees and expenses) in the six-month period ended April 30, 2026. The Fund's benchmark, the MSCI Frontier Emerging Markets Index, rose 15.38% in the same period (net of source taxes).
Key Performance Factors
Frontier Emerging Markets rose despite dipping sharply in March in reaction to the US-Israel attack on Iran. Energy and Real Estate were the top-performing sectors. Europe and Latin America outperformed while Asian markets were hurt by the closing of the Strait of Hormuz. The Fund lagged the index, with weak holdings in Real Estate and Consumer Discretionary. Vietnam and Indonesia also detracted. European holdings helped relative returns.
Sector Analysis
Extreme weather and inflation hurt two Philippine holdings. Real Estate company SM Prime Holdings reported weak attendance at its malls and a decline in residential construction revenue. Jollibee Foods in Consumer Discretionary experienced weak revenue growth and rising input costs. In IT, shares of Thailand-based optical communications equipment manufacturer Fabrinet rose, supported by demand for components used in cloud computing, AI, and video streaming.
Geographic Analysis
Jollibee was the main detractor in the Philippines. In Vietnam, IT services business FPT declined due to concerns over the competitive threat from AI. Shares of Kazak uranium producer Kazatomprom were buoyed by strong prices and the prospect for increased nuclear power demand for AI data centers.
Performance
🡱 Top Contributors 🡳 Top Detractors
Fabrinet Baltic Classifieds
Kazatomprom Jollibee Foods
Airtel Africa Marsa Maroc
Banca Transilvania Bank Central Asia
Helios Towers EPAM
The securities shown do not represent all holdings, and it should not be assumed that investment in these securities has been or will be profitable. The following is available upon request: (1) information describing the methodology of the contribution data and (2) a list showing the weight and relative contribution of all holdings during the period. Contribution is the contribution to overall performance over the period.
Performance Past Does Not Indicate Future [Text] Performance data quoted represents past performance; past performance does not guarantee future results.
Line Graph [Table Text Block] Fund Performance - Growth of 10K
Average Annual Return [Table Text Block]
Average Annual Total Return (%) as of April 30, 2026
1 Year
5 Year
10 Year
Fund 18.01 5.02 3.98
MSCI Frontier Emerging Markets Index 44.28 10.43 6.31
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Updated Performance Information Location [Text Block] Visit
HardingLoevnerFunds.com
for the most recent performance information.
Net Assets $ 117,200,000
Holdings Count | Holding 55
Advisory Fees Paid, Amount $ 600,000
Investment Company, Portfolio Turnover 13.00%
Additional Fund Statistics [Text Block]
Key Fund Statistics
During Reporting Period
Fund net
asse
ts
$
117.2M
Total advisory fees paid
(after waiver/reimbursement)
$
0.6M
Total number of holdings 55 Period portfolio turnover rate 13
%
Holdings [Text Block]
Graphical Representation of Holdings
The table and charts below show the investment makeup of the Fund; percentages indicated and graphical representations are based on the Fund’s net asset value.
Top Ten Holdings
%
Allocation
Northern Institutional Funds - Treasury Portfolio (Premier Shares) 4.6
Credicorp Ltd. 4.4
International Container Terminal Services Inc. 4.4
Mobile World Investment Corp. 4.3
Banca Transilvania SA 4.3
Societe d'Exploitation des Ports 3.9
NAC Kazatomprom JSC - GDR, Reg S 3.8
Grupo Cibest SA - ADR 3.6
Hoa Phat Group JSC 3.6
Kaspi.KZ JSC - ADR 3.5
by Sector
Graphical Representation - Allocation 1 Chart
by Region
Graphical Representation - Allocation 2 Chart
Largest Holdings [Text Block]
Top Ten Holdings
%
Northern Institutional Funds - Treasury Portfolio (Premier Shares) 4.6
Credicorp Ltd. 4.4
International Container Terminal Services Inc. 4.4
Mobile World Investment Corp. 4.3
Banca Transilvania SA 4.3
Societe d'Exploitation des Ports 3.9
NAC Kazatomprom JSC - GDR, Reg S 3.8
Grupo Cibest SA - ADR 3.6
Hoa Phat Group JSC 3.6
Kaspi.KZ JSC - ADR 3.5
Frontier Emerging Markets - Institutional Class Z  
Shareholder Report [Line Items]  
Fund Name Frontier Emerging Markets
Class Name Institutional Class Z
Trading Symbol HLFZX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about the Frontier Emerging Markets Fund (“Fund”) for the period of November 1, 2025 to April 30, 2026.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at
HardingLoevnerFunds.com
. You can also requestthis information by calling (877) 435-8105 or by sending an e-mail request to hardingloevnerfunds@ntrs.com.
Additional Information Phone Number (877) 435-8105
Additional Information Email hardingloevnerfunds@ntrs.com
Additional Information Website HardingLoevnerFunds.com
Expenses [Text Block]
What were the Fund costs for the period?
(based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
1
Frontier Emerging Markets (Institutional Class Z)
$
63
1.25
%
1
Expense ratio is expressed on an annualized basis.
Expenses Paid, Amount $ 63
Expense Ratio, Percent 1.25% [1]
Factors Affecting Performance [Text Block]
Management’s Discussion of Fund Performance
The Frontier Emerging Markets Institutional Class Z (HLFZX) rose 4.34% (net of fees and expenses) in the six-month period ended April 30, 2026. The Fund's benchmark, the MSCI Frontier Emerging Markets Index, rose 15.38% in the same period (net of source taxes).
Key Performance Factors
Frontier Emerging Markets rose despite dipping sharply in March in reaction to the US-Israel attack on Iran. Energy and Real Estate were the top-performing sectors. Europe and Latin America outperformed while Asian markets were hurt by the closing of the Strait of Hormuz. The Fund lagged the index, with weak holdings in Real Estate and Consumer Discretionary. Vietnam and Indonesia also detracted. European holdings helped relative returns.
Sector Analysis
Extreme weather and inflation hurt two Philippine holdings. Real Estate company SM Prime Holdings reported weak attendance at its malls and a decline in residential construction revenue. Jollibee Foods in Consumer Discretionary experienced weak revenue growth and rising input costs. In IT, shares of Thailand-based optical communications equipment manufacturer Fabrinet rose, supported by demand for components used in cloud computing, AI, and video streaming.
Geographic Analysis
Jollibee was the main detractor in the Philippines. In Vietnam, IT services business FPT declined due to concerns over the competitive threat from AI. Shares of Kazak uranium producer Kazatomprom were buoyed by strong prices and the prospect for increased nuclear power demand for AI data centers.
Performance
🡱 Top Contributors 🡳 Top Detractors
Fabrinet Baltic Classifieds
Kazatomprom Jollibee Foods
Airtel Africa Marsa Maroc
Banca Transilvania Bank Central Asia
Helios Towers EPAM
The securities shown do not represent all holdings, and it should not be assumed that investment in these securities has been or will be profitable. The following is available upon request: (1) information describing the methodology of the contribution data and (2) a list showing the weight and relative contribution of all holdings during the period. Contribution is the contribution to overall performance over the period.
Performance Past Does Not Indicate Future [Text] Performance data quoted represents past performance; past performance does not guarantee future results.
Line Graph [Table Text Block] Fund Performance - Growth of 10K
Average Annual Return [Table Text Block]
Average Annual Total Return (%) as of April 30, 2026
1 Year
5 Year
10 Year
Fund 18.15 5.29 4.23
MSCI Frontier Emerging Markets Index 44.28 10.43 6.31
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Updated Performance Information Location [Text Block] Visit
HardingLoevnerFunds.com
for the most recent performance information.
Net Assets $ 117,200,000
Holdings Count | Holding 55
Advisory Fees Paid, Amount $ 600,000
Investment Company, Portfolio Turnover 13.00%
Additional Fund Statistics [Text Block]
Key Fund
Stat
istics
During Reporting Period
Fund net assets
$
117.2M
Total advisory fees paid
(after waiver/reimbursement)
$
0.6M
Total number of holdings 55 Period portfolio turnover rate 13
%
Holdings [Text Block]
Graphical Representation of Holdings
The table and charts below show the investment makeup of the Fund; percentages indicated and graphical representations are based on the Fund’s net asset value.
Top Ten Holdings
%
Allocation
Northern Institutional Funds - Treasury Portfolio (Premier Shares) 4.6
Credicorp Ltd. 4.4
International Container Terminal Services Inc. 4.4
Mobile World Investment Corp. 4.3
Banca Transilvania SA 4.3
Societe d'Exploitation des Ports 3.9
NAC Kazatomprom JSC - GDR, Reg S 3.8
Grupo Cibest SA - ADR 3.6
Hoa Phat Group JSC 3.6
Kaspi.KZ JSC - ADR 3.5
by Sector
Graphical Representation - Allocation 1 Chart
by Region
Graphical Representation - Allocation 2 Chart
Largest Holdings [Text Block]
Top Ten Holdings
%
Northern Institutional Funds - Treasury Portfolio (Premier Shares) 4.6
Credicorp Ltd. 4.4
International Container Terminal Services Inc. 4.4
Mobile World Investment Corp. 4.3
Banca Transilvania SA 4.3
Societe d'Exploitation des Ports 3.9
NAC Kazatomprom JSC - GDR, Reg S 3.8
Grupo Cibest SA - ADR 3.6
Hoa Phat Group JSC 3.6
Kaspi.KZ JSC - ADR 3.5
Frontier Emerging Markets - Investor Class  
Shareholder Report [Line Items]  
Fund Name Frontier Emerging Markets
Class Name Investor Class
Trading Symbol HLMOX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about the Frontier Emerging Markets Fund (“Fund”) for the period of November 1, 2025 to April 30, 2026.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at
HardingLoevnerFunds.com
. You can also requestthis information by calling (877) 435-8105 or by sending an e-mail request to hardingloevnerfunds@ntrs.com.
Additional Information Phone Number (877) 435-8105
Additional Information Email hardingloevnerfunds@ntrs.com
Additional Information Website HardingLoevnerFunds.com.
Expenses [Text Block]
What were the Fund costs for the period?
(based on a hypothetical $10,000 investment)
Fund (Class) Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment
1
Frontier Emerging Markets (Investor Class)
$
89
1.75
%
1
Expense ratio is expressed on an annualized basis.
Expenses Paid, Amount $ 89
Expense Ratio, Percent 1.75% [1]
Factors Affecting Performance [Text Block]
Management’s Discussion of Fund Performance
The Frontier Emerging Markets Investor Class (HLMOX) rose 4.09% (net of fees and expenses) in the six-month period ended April 30, 2026. The Fund's benchmark, the MSCI Frontier Emerging Markets Index, rose 15.38% in the same period (net of source taxes).
Key Performance Factors
Frontier Emerging Markets rose despite dipping sharply in March in reaction to the US-Israel attack on Iran. Energy and Real Estate were the top-performing sectors. Europe and Latin America outperformed while Asian markets were hurt by the closing of the Strait of Hormuz. The Fund lagged the index, with weak holdings in Real Estate and Consumer Discretionary. Vietnam and Indonesia also detracted. European holdings helped relative returns.
Sector Analysis
Extreme weather and inflation hurt two Philippine holdings. Real Estate company SM Prime Holdings reported weak attendance at its malls and a decline in residential construction revenue. Jollibee Foods in Consumer Discretionary experienced weak revenue growth and rising input costs. In IT, shares of Thailand-based optical communications equipment manufacturer Fabrinet rose, supported by demand for components used in cloud computing, AI, and video streaming.
Geographic Analysis
Jollibee was the main detractor in the Philippines. In Vietnam, IT services business FPT declined due to concerns over the competitive threat from AI. Shares of Kazak uranium producer Kazatomprom were buoyed by strong prices and the prospect for increased nuclear power demand for AI data centers.
Performance
🡱 Top Contributors 🡳 Top Detractors
Fabrinet Baltic Classifieds
Kazatomprom Jollibee Foods
Airtel Africa Marsa Maroc
Banca Transilvania Bank Central Asia
Helios Towers EPAM
The securities shown do not represent all holdings, and it should not be assumed that investment in these securities has been or will be profitable. The following is available upon request: (1) information describing the methodology of the contribution data and (2) a list showing the weight and relative contribution of all holdings during the period. Contribution is the contribution to overall performance over the period.
Performance Past Does Not Indicate Future [Text] Performance data quoted represents past performance; past performance does not guarantee future results.
Line Graph [Table Text Block] Fund Performance - Growth of 10K
Average Annual Return [Table Text Block]
Average Annual Total Return (%) as of April 30, 2026
1 Year
5 Year
10 Year
Fund 17.70 4.67 3.62
MSCI Frontier Emerging Markets Index 44.28 10.43 6.31
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Updated Performance Information Location [Text Block] Visit
HardingLoevnerFunds.com
for the most recent performance information.
Net Assets $ 117,200,000
Holdings Count | Holding 55
Advisory Fees Paid, Amount $ 600,000
Investment Company, Portfolio Turnover 13.00%
Additional Fund Statistics [Text Block]
Key Fun
d Statis
tics
During Reporting Period
Fund net assets
$
117.2M
Total advisory fees paid
(after waiver/reimbursement)
$
0.6M
Total number of holdings 55 Period portfolio turnover rate 13
%
Holdings [Text Block]
Graphical Representation of Holdings
The table and charts below show the investment makeup of the Fund; percentages indicated and graphical representations are based on the Fund’s net asset value.
Top Ten Holdings
%
Allocation
Northern Institutional Funds - Treasury Portfolio (Premier Shares) 4.6
Credicorp Ltd. 4.4
International Container Terminal Services Inc. 4.4
Mobile World Investment Corp. 4.3
Banca Transilvania SA 4.3
Societe d'Exploitation des Ports 3.9
NAC Kazatomprom JSC - GDR, Reg S 3.8
Grupo Cibest SA - ADR 3.6
Hoa Phat Group JSC 3.6
Kaspi.KZ JSC - ADR 3.5
by Sector
Graphical Representation - Allocation 1 Chart
by Region
Graphical Representation - Allocation 2 Chart
Largest Holdings [Text Block]
Top Ten Holdings
%
Northern Institutional Funds - Treasury Portfolio (Premier Shares) 4.6
Credicorp Ltd. 4.4
International Container Terminal Services Inc. 4.4
Mobile World Investment Corp. 4.3
Banca Transilvania SA 4.3
Societe d'Exploitation des Ports 3.9
NAC Kazatomprom JSC - GDR, Reg S 3.8
Grupo Cibest SA - ADR 3.6
Hoa Phat Group JSC 3.6
Kaspi.KZ JSC - ADR 3.5
[1] Expense ratio is expressed on an annualized basis.