Harding Loevner International Equity Portfolio - Portfolio Holdings as of June 30, 2021

Ticker Name Sector Asset Class Country Currency Par/Shares Price ($) Market Value ($) % of Fund IFX_GR Infineon Technologies Information Technology Stock DE EUR 20,850,321 40.10 $836,115,935 3.93% TSM Taiwan Semiconductor ADR Information Technology Stock TW USD 6,511,295 120.16 $782,397,207 3.68% ATCOA_SS Atlas Copco AB Industrials Stock SE SEK 12,043,027 61.26 $737,781,088 3.47% OR_FP L'Oreal Consumer Staples Stock FR EUR 1,629,005 445.91 $726,392,022 3.42% 1299_HK AIA Group Financials Stock HK HKD 51,641,474 12.43 $641,835,354 3.02% ADYEN_NA Adyen NV Information Technology Stock NL EUR 260,587 2443.92 $636,854,367 3.00% BHP BHP ADR Materials Stock AU USD 8,365,107 72.83 $609,230,743 2.87% ROG_SW Roche Holding Health Care Stock CH CHF 1,569,597 376.87 $591,534,972 2.78% SU_FP Schneider Electric SE Industrials Stock FR EUR 3,338,347 157.41 $525,504,326 2.47% 700_HK Tencent Holdings Communication Services Stock CN HKD 6,755,700 75.22 $508,157,923 2.39% ALV_GR Allianz Financials Stock DE EUR 2,007,059 249.34 $500,432,207 2.36% DBS_SP DBS Group Financials Stock SG SGD 21,966,208 22.19 $487,451,466 2.29% RIO_LN Rio Tinto Materials Stock GB GBP 5,562,111 82.33 $457,911,038 2.16% LONN_SW Lonza Group Health Care Stock CH CHF 637,290 708.89 $451,770,222 2.13% 6861_JP Keyence Information Technology Stock JP JPY 853,354 504.44 $430,469,104 2.03% SMSD_LI Samsung Electronics (Pref) GDR Reg S Information Technology Stock KR USD 261,262 1629.05 $425,609,727 2.00% NSRGY Nestle ADR Consumer Staples Stock CH USD 3,285,689 124.74 $409,856,846 1.93% LUKOY Lukoil ADR Energy Stock RU USD 4,223,397 92.00 $388,552,524 1.83% 8113_JP Unicharm Consumer Staples Stock JP JPY 9,533,700 40.23 $383,498,555 1.80% SMSN_LI Samsung Electronics (Voting) GDR Reg S Information Technology Stock KR USD 209,280 1784.67 $373,494,986 1.76% SOON_SW Sonova Holding Health Care Stock CH CHF 968,087 376.30 $364,292,583 1.71% 6869_JP Sysmex Health Care Stock JP JPY 2,875,907 118.11 $339,677,900 1.60% ALFA_SS Alfa Laval Industrials Stock SE SEK 9,100,286 35.34 $321,583,573 1.51% 4519_JP Chugai Pharmaceutical Health Care Stock JP JPY 8,117,300 39.39 $319,714,113 1.50% BABA Alibaba Group Holding Consumer Discretionary Stock CN USD 1,405,549 226.78 $318,750,402 1.50% EPIA_SS Epiroc Industrials Stock SE SEK 13,980,551 22.79 $318,601,624 1.50% 6326_JP Kubota Industrials Stock JP JPY 15,705,400 20.22 $317,528,667 1.49% ITUB Itau Unibanco (Pref) ADR Financials Stock BR USD 52,682,420 6.01 $316,621,344 1.49%

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 International Equity Portfolio - Portfolio Holdings as of June 30, 2021

Ticker Name Sector Asset Class Country Currency Par/Shares Price ($) Market Value ($) % of Fund SY1_GR Symrise Materials Stock DE EUR 2,259,544 139.41 $314,994,691 1.48% IBN ICICI Bank ADR Financials Stock IN USD 18,255,255 17.10 $312,164,861 1.47% SAP SAP ADR Information Technology Stock DE USD 2,186,634 140.46 $307,134,612 1.45% BBVA_SM BBVA Financials Stock ES EUR 47,565,872 6.22 $295,923,950 1.39% DSY_FP Dassault Systemes Information Technology Stock FR EUR 1,165,890 242.60 $282,844,762 1.33% ALC Alcon Health Care Stock CH USD 3,973,612 70.26 $279,185,979 1.31% HDB HDFC Bank ADR Financials Stock IN USD 3,617,161 73.12 $264,486,812 1.24% ABEV Ambev ADR Consumer Staples Stock BR USD 75,959,709 3.44 $261,301,399 1.23% ULVR_LN Unilever Consumer Staples Stock GB GBP 4,337,488 58.49 $253,695,209 1.19% RDSB_LN Royal Dutch Shell Energy Stock GB GBP 12,836,264 19.43 $249,414,216 1.17% 2318_HK Ping An Insurance Financials Stock CN HKD 25,538,000 9.76 $249,325,916 1.17% CHKP Check Point Information Technology Stock IL USD 2,135,327 116.13 $247,975,525 1.17% 6301_JP Komatsu Industrials Stock JP JPY 9,963,700 24.85 $247,556,266 1.17% 4507_JP Shionogi Health Care Stock JP JPY 4,718,900 52.12 $245,926,393 1.16% SEBA_SS SE Banken Financials Stock SE SEK 18,502,340 12.91 $238,860,029 1.12% DGE_LN Diageo Consumer Staples Stock GB GBP 4,957,901 47.92 $237,600,027 1.12% 1093_HK CSPC Pharmaceutical Group Health Care Stock CN HKD 162,766,000 1.45 $235,637,622 1.11% FMX FEMSA ADR Consumer Staples Stock MX USD 2,774,642 84.51 $234,484,995 1.10% 2688_HK ENN Energy Utilities Stock CN HKD 11,679,000 19.04 $222,325,842 1.05% LIN_GR Linde Materials Stock US EUR 747,331 288.94 $215,931,959 1.02% NZYMB_DC Novozymes Materials Stock DK DKK 2,830,675 75.47 $213,624,051 1.01% ATD/B_CN Alimentation Couche-Tard - B Consumer Staples Stock CA CAD 5,674,900 36.75 $208,528,312 0.98% TLKM_IJ Telkom Indonesia Communication Services Stock ID IDR 942,905,700 0.22 $204,843,461 0.96% AI_FP Air Liquide Materials Stock FR EUR 1,152,388 175.22 $201,926,130 0.95% 6954_JP Fanuc Industrials Stock JP JPY 818,900 241.05 $197,396,110 0.93% CNI Canadian National Railway Industrials Stock CA USD 1,823,433 105.52 $192,408,650 0.91% SGSN_SW SGS Industrials Stock CH CHF 60,083 3084.94 $185,352,563 0.87% YNDX Yandex Communication Services Stock RU USD 2,575,489 70.75 $182,215,847 0.86% 9843_JP Nitori Holdings Consumer Discretionary Stock JP JPY 1,019,400 177.02 $180,454,717 0.85%

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 International Equity Portfolio - Portfolio Holdings as of June 30, 2021

Ticker Name Sector Asset Class Country Currency Par/Shares Price ($) Market Value ($) % of Fund STAN_LN Standard Chartered PLC Financials Stock GB GBP 21,610,479 6.37 $137,691,529 0.65% FPE3_GR Fuchs Petrolub (Pref) Materials Stock DE EUR 1,903,769 48.71 $92,724,990 0.44% Cash Cash Currency 0 $532,998,059 2.51%

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.