International Small Companies Equity

Offered since 2007, the International Small Companies Equity strategy invests in a limited number of high-quality, growing companies with modest market capitalizations outside the US. Its benchmark is the MSCI All Country World ex-US Small Cap Index.

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Mutual Funds

For US institutions and individuals


For non-US investors

Collective Investment Trusts

For retirement plans

Portfolio Managers

Anix Vyas, CFA


Composite Performance (%)

Returns are annualized for periods greater than one year.


The Composite performance shown is preliminary. The International Small Companies Composite contains fully discretionary, fee-paying accounts investing primarily in non-US equity and equity-equivalent securities of companies with market capitalizations that fall within the range of the Composite’s Benchmark Index and cash reserves. For comparison purposes, the Composite is measured against the MSCI All Country World ex-US Small Cap Total Return Index (Gross). Harding Loevner LP is an investment adviser registered with the Securities and Exchange Commission. Harding Loevner is affiliated with Affiliated Managers Group, Inc. (NYSE: AMG), an investment holding company with stakes in a diverse group of boutique investment firms. Harding Loevner claims compliance with the Global Investment Performance Standards (GIPS®). Harding Loevner has been independently verified for the period November 1, 1989 through March 31, 2020. Verification assesses whether (1) the firm has complied with all composite construction requirements of the GIPS standards on a firm-wide basis and (2) the firm’s policy and procedures are designed to calculate and present performance in compliance with GIPS standards. The International Small Companies Composite has received a performance examination for the periods January 1, 2007 through March 31, 2020. Performance data quoted represents past performance; past performance does not guarantee future results. The US dollar is the currency used to express performance. Complete information on the construction and historical record of the International Small Companies Composite is available here. The firm maintains a complete list and description of the composites, which is available upon request.

The largest holdings and sector and geographic weights are shown as supplemental information only and complement the fully compliant International Small Companies Composite GIPS presentation. The portfolio is actively managed therefore holdings shown may not be current. They should not be considered recommendations to buy or sell any security. It should not be assumed that investment in the securities identified has been or will be profitable. A complete list of holdings for this quarter is available here. To request a complete list of holdings for the past year, please contact Harding Loevner.

MSCI Inc. and S&P do not make any express or implied warranties or representations and shall have no liability whatsoever with respect to any GICS data contained herein.

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