Harding Loevner Emerging Markets Portfolio - Portfolio Holdings as of June 30, 2021

Ticker Name Sector Asset Class Country Currency Par/Shares Price ($) Market Value ($) % of Fund 2330_TT Taiwan Semiconductor Information Technology Stock TW TWD 9,713,637 21.35 $207,433,433 5.08% SMSN_LI Samsung Electronics (Voting) GDR Reg S Information Technology Stock KR USD 109,283 1784.67 $195,033,699 4.77% 700_HK Holdings Communication Services Stock CN HKD 2,330,100 75.22 $175,268,111 4.29% EPAM EPAM Systems Information Technology Stock US USD 301,486 510.96 $154,047,287 3.77% 9988_HK Alibaba Consumer Discretionary Stock CN HKD 4,138,164 28.33 $117,245,784 2.87% 051900_KS LG Household & Health Care Consumer Staples Stock KR KRW 68,574 1564.79 $107,303,819 2.63% 1299_HK AIA Group Financials Stock HK HKD 8,370,989 12.43 $104,040,343 2.55% NVTK_LI NovaTek GDR Reg S Energy Stock RU USD 435,885 219.42 $95,643,493 2.34% TCS_IN Tata Consultancy Services Information Technology Stock IN INR 2,105,723 45.06 $94,876,961 2.32% SBER_LI Sberbank GDR Financials Stock RU USD 5,518,580 16.59 $91,564,636 2.24% LUKOY Lukoil ADR Energy Stock RU USD 965,677 92.00 $88,842,284 2.17% HDFC_IN Housing Development Finance Co Financials Stock IN INR 2,615,902 33.36 $87,276,934 2.14% 669_HK Techtronic Industrials Stock HK HKD 4,755,000 17.50 $83,218,241 2.04% CCH_LN Coca-Cola HBC Consumer Staples Stock GB GBP 2,269,022 36.17 $82,060,408 2.01% YNDX Yandex Communication Services Stock RU USD 1,027,490 70.75 $72,694,918 1.78% 1476_TT Eclat Consumer Discretionary Stock TW TWD 2,907,216 23.56 $68,481,791 1.68% 2688_HK ENN Energy Utilities Stock CN HKD 3,560,700 19.04 $67,782,826 1.66% GFNORTEO_ GF Financials Stock MX MXN 10,000,940 6.46 $64,599,229 1.58% MM 2317_TT Hon Hai Precision Information Technology Stock TW TWD 15,705,136 4.02 $63,130,560 1.55% 2382_HK Sunny Optical Information Technology Stock CN HKD 1,955,700 31.52 $61,646,831 1.51% 000333_C2 (China A) Consumer Discretionary Stock CN CNY 5,557,768 11.05 $61,394,846 1.50% BABA Alibaba Group Holding Consumer Discretionary Stock CN USD 269,168 226.78 $61,041,919 1.49% 2269_HK Wuxi Biologics Cayman Health Care Stock CN HKD 3,269,000 18.33 $59,916,824 1.47% 1093_HK CSPC Pharmaceutical Group Health Care Stock CN HKD 40,924,560 1.45 $59,246,808 1.45% WALMEX*_M Wal-Mart de Mexico Consumer Staples Stock MX MXN 17,870,700 3.26 $58,334,827 1.43% M 2313_HK Shenzhou Consumer Discretionary Stock CN HKD 2,275,000 25.26 $57,461,978 1.41% 1590_TT Airtac Industrials Stock TW TWD 1,486,000 38.59 $57,346,233 1.40%

The security weights above are calculated as a percentage of the fund’s net assets. Disclosure: Mention of a specific security should not be considered a Page 1 of 3 recommendation to buy or a solicitation to sell that security. Holdings listed are as of the date of publication and are subject to change. Investors should carefully consider the Fund’s investment objectives, risks, charges and expenses before investing. For this and other information, please call 800.835.3879 or visit www.amgfunds.com to download a free prospectus. Read it carefully before investing or sending money. The Harding Loevner Funds are distributed by Quasar Distributors, LLC. Harding Loevner Emerging Markets Portfolio - Portfolio Holdings as of June 30, 2021

Ticker Name Sector Asset Class Country Currency Par/Shares Price ($) Market Value ($) % of Fund 2318_HK Financials Stock CN HKD 5,850,500 9.76 $57,118,070 1.40% BBD ADR Financials Stock BR USD 10,397,190 5.13 $53,337,585 1.31% 1928_HK Sands China Consumer Discretionary Stock HK HKD 12,465,744 4.21 $52,502,520 1.29% FMX FEMSA ADR Consumer Staples Stock MX USD 606,613 84.51 $51,264,865 1.25% KMB_IN Kotak Mahindra Bank Financials Stock IN INR 2,137,744 22.97 $49,098,816 1.20% 3606_HK Fuyao Glass Industry Group Consumer Discretionary Stock CN HKD 6,834,900 7.05 $48,154,628 1.18% ITUB Itau Unibanco (Pref) ADR Financials Stock BR USD 7,667,469 6.01 $46,081,489 1.13% MSIL_IN Maruti Suzuki India Consumer Discretionary Stock IN INR 447,066 101.21 $45,249,105 1.11% HDB HDFC Bank ADR Financials Stock IN USD 613,597 73.12 $44,866,213 1.10% SAFCOM_KN Safaricom Communication Services Stock KE KES 115,862,201 0.38 $44,507,716 1.09% ABEV Ambev ADR Consumer Staples Stock BR USD 12,806,554 3.44 $44,054,546 1.08% RENT3_BZ Localiza Rent a Car Industrials Stock BR BRL 3,305,755 12.87 $42,536,556 1.04% BBRI_IJ Bank Rakyat Financials Stock ID IDR 153,772,190 0.27 $41,783,616 1.02% 601888_C1 China Tourism Group Duty Free Consumer Discretionary Stock CN CNY 875,300 46.42 $40,631,449 0.99% 9888_HK Baidu Communication Services Stock CN HKD 1,461,794 25.68 $37,542,402 0.92% ASR Grupo Aeroportuario del Sureste ADR Industrials Stock MX USD 202,601 184.90 $37,460,925 0.92% 3008_TT Largan Precision Information Technology Stock TW TWD 327,001 111.26 $36,382,345 0.89% 6415_TT Silergy Information Technology Stock TW TWD 258,000 136.03 $35,094,482 0.86% 6098_HK Services Industrials Stock CN HKD 3,159,000 10.81 $34,137,819 0.84% 300454_C2 Sangfor Information Technology Stock CN CNY 847,000 40.14 $33,999,343 0.83% SCB/F_TB Siam Commercial Bank Financials Stock TH THB 11,063,500 3.06 $33,829,111 0.83% DSY_SJ Discovery Holdings Financials Stock ZA ZAR 3,682,174 8.84 $32,558,675 0.80% 522_HK ASM Pacific Technology Information Technology Stock HK HKD 2,385,823 13.55 $32,327,722 0.79% BBCA_IJ Bank Central Asia Financials Stock ID IDR 15,312,710 2.08 $31,814,366 0.78% 036570_KS NCSoft Communication Services Stock KR KRW 42,898 727.86 $31,223,701 0.76% B3SA3_BZ Financials Stock BR BRL 9,111,000 3.38 $30,810,853 0.75% TS Tenaris ADR Energy Stock IT USD 1,404,682 21.90 $30,762,536 0.75% SBK_SJ Standard Bank Financials Stock ZA ZAR 3,179,647 8.94 $28,422,836 0.70% 021240_KS Coway Consumer Discretionary Stock KR KRW 401,784 69.89 $28,080,735 0.69%

The security weights above are calculated as a percentage of the fund’s net assets. Disclosure: Mention of a specific security should not be considered a Page 2 of 3 recommendation to buy or a solicitation to sell that security. Holdings listed are as of the date of publication and are subject to change. Investors should carefully consider the Fund’s investment objectives, risks, charges and expenses before investing. For this and other information, please call 800.835.3879 or visit www.amgfunds.com to download a free prospectus. Read it carefully before investing or sending money. The Harding Loevner Funds are distributed by Quasar Distributors, LLC. Harding Loevner Emerging Markets Portfolio - Portfolio Holdings as of June 30, 2021

Ticker Name Sector Asset Class Country Currency Par/Shares Price ($) Market Value ($) % of Fund JOBS 51job ADR Industrials Stock CN USD 352,749 77.77 $27,433,290 0.67% KOMB_CP Komercni Banka Financials Stock CZ CZK 758,025 35.20 $26,682,720 0.65% 002690_C2 Meyer Optoelectronic Industrials Stock CN CNY 3,068,379 8.62 $26,456,410 0.65% WEGE3_BZ WEG Industrials Stock BR BRL 3,802,560 6.77 $25,756,614 0.63% 002050_C2 Sanhua Industrials Stock CN CNY 6,557,110 3.71 $24,318,257 0.60% CIB (Pref) ADR Financials Stock CO USD 752,304 28.80 $21,666,355 0.53% NETW_LN Network International Information Technology Stock GB GBP 3,975,414 5.06 $20,113,658 0.49% LREN3_BZ Lojas Renner Consumer Discretionary Stock BR BRL 2,228,800 8.89 $19,819,821 0.49% 002352_C2 SF Holding Industrials Stock CN CNY 1,822,500 10.47 $19,079,275 0.47% 090430_KS Amorepacific Consumer Staples Stock KR KRW 81,278 223.51 $18,166,801 0.44% CBKD_LI Commercial International Bank GDR Financials Stock EG USD 5,403,127 3.28 $17,746,237 0.43% CDR_PW CD Projekt Communication Services Stock PL PLN 343,760 48.53 $16,682,864 0.41% CPA Copa Holdings Industrials Stock PA USD 219,094 75.33 $16,504,351 0.40% ASII_IJ Astra International Consumer Discretionary Stock ID IDR 47,833,900 0.34 $16,296,515 0.40% 600276_C1 Jiangsu Hengrui Medicine Health Care Stock CN CNY 1,467,960 10.51 $15,429,965 0.38% UGPA3_BZ Participacoes SA Energy Stock BR BRL 3,901,800 3.70 $14,426,415 0.35% SMSD_LI Samsung Electronics (Pref) GDR Reg S Information Technology Stock KR USD 8,692 1629.05 $14,159,731 0.35% 1177_HK Sino Biopharmaceutical Health Care Stock CN HKD 14,190,182 0.98 $13,926,986 0.34% 9901_HK New Oriental Education Consumer Discretionary Stock CN HKD 1,502,524 8.18 $12,296,770 0.30% BSAC ADR Financials Stock CL USD 482,839 19.87 $9,594,011 0.23% BGEO_LN Bank of Georgia Financials Stock GB GBP 419,094 18.60 $7,794,390 0.19% ZTO ZTO Express Cayman ADR Industrials Stock CN USD 248,737 30.35 $7,549,168 0.18% EABL_KN East African Breweries Consumer Staples Stock KE KES 3,663,850 1.67 $6,136,266 0.15% CBD Cia Brasileira de Distribuicao ADR Consumer Staples Stock BR USD 764,265 7.79 $5,953,624 0.15% UGPA1_BZ Ultrapar Participacoes Right Energy Stock BR BRL 4,812,966 0.01 $38,707 0.00% Cash Cash Currency 0 $28,924,733 0.71%

The security weights above are calculated as a percentage of the fund’s net assets. Disclosure: Mention of a specific security should not be considered a Page 3 of 3 recommendation to buy or a solicitation to sell that security. Holdings listed are as of the date of publication and are subject to change. Investors should carefully consider the Fund’s investment objectives, risks, charges and expenses before investing. For this and other information, please call 800.835.3879 or visit www.amgfunds.com to download a free prospectus. Read it carefully before investing or sending money. The Harding Loevner Funds are distributed by Quasar Distributors, LLC.