Harding Loevner Emerging Markets Portfolio Advisor Class 

This Portfolio commits a minimum of 80% of its net assets to investments in emerging market securities, which explicitly includes frontier market securities, as well as to various investment companies. Furthermore, at least 65% of its total assets are dedicated to equity instruments such as common stocks, preferred stocks, rights, and warrants, issued by companies based in emerging or frontier economies. This 65% allocation also extends to securities convertible into these types of equities (like Depositary Receipts) and to investment companies that typically invest in the same categories of securities.