https://www.sec.gov/Archives/edgar/data/1018170/000119312523296634/d596119d497.htm497 1 d596119d497.htm HARDING, LOEVNER FUNDS, INC.
Harding, Loevner Funds, Inc. (the “Fund”)
Supplement Dated December 15, 2023 to the
Summary Prospectuses for Global Equity Research Portfolio, International Equity Research Portfolio and the Emerging Markets Research Portfolio (“Summary Prospectuses”), each dated February 28, 2023
and Prospectus for Institutional Investors (“Prospectus”) and Statement of Additional Information (“SAI”), each dated February 28, 2023, as supplemented
Global Equity Research Portfolio
Institutional Class HLRGX
International Equity Research Portfolio
Institutional Class HLIRX
Emerging Markets Research Portfolio
Institutional Class HLREX
IMPORTANT NOTICE
The Board of Directors (the “Board”) of Harding, Loevner Funds, Inc. (the “Fund”) has approved a Plan of Liquidation (the “Plan”) with respect to the Global Equity Research Portfolio, International Equity Research Portfolio and Emerging Markets Research Portfolio (herein, the “Portfolios”), each a series of the Fund.
Pursuant to the Plan, each Portfolio will liquidate substantially all of its assets, satisfy known or reasonably ascertainable liabilities, and distribute the remaining liquidation proceeds to its shareholders in redemption of all of the issued and outstanding shares of the Portfolio, as further detailed below. This process is expected to conclude on or about January 31, 2024 or such other date as an officer of the Fund, in his or her discretion, may determine (the “Liquidation Date”).
After the close of business on December 18, 2023, the Portfolios will be closed to investments from new investors (a “soft” close). Investments from existing investors will be permitted until the close of business on December 29, 2023. Thereafter, no further investment may be made in the Portfolios (a “hard close”). Prior to the Liquidation Date, shareholders of each Portfolio may (i) exchange their shares of the Portfolio for shares of the appropriate class of any other portfolio of the Fund that is open to investment, subject to the requirements and limitations in that portfolio’s prospectus; (ii) remain invested in the Portfolio; or (iii) redeem their shares at any time in the manner described in the Prospectus.
Prior to the Liquidation Date, each of the Portfolios will engage in business activities for the purpose of winding up its business and affairs and transitioning its assets to cash and cash equivalents, in preparation for the orderly liquidation and subsequent distribution of proceeds to remaining shareholders. Depending on a Portfolio’s holdings, market conditions and other factors, a Portfolio, as a result of a faster transition of its assets to cash and cash equivalents, may not be fully invested in portfolio securities for a period of time until the Liquidation Date. During this transition period, a Portfolio may no longer be pursuing its investment objective or be managed consistent with its stated investment strategies. This is likely to impact a Portfolio’s performance. Shareholders who remain invested in the Portfolios may bear increased brokerage and other transaction expenses relating to the sale of portfolio investments prior to the Liquidation Date.
If a shareholder of the Portfolios takes no action in respect of his or her investment prior to the Liquidation Date, the applicable Portfolio will distribute to the shareholder, on or promptly after the Liquidation Date, a cash distribution equal to the shareholder’s proportionate interest in the net assets of the Portfolio as of the Liquidation Date (a “liquidating distribution”)...
