As filed with the Securities and Exchange Commission
on January 10, 2000
File Nos. 333-09341,811-7739
- -------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
--------------------------
FORM N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 [X]
Pre-Effective Amendment No. [ ]
-----
Post-Effective Amendment No. 6 [X]
-----
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 [X]
Amendment No. 8 [X]
---
- -------------------------------------------------------------------------------
HARDING, LOEVNER FUNDS, INC.
- -------------------------------------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
200 Clarendon Street, 18th Floor
Boston, Massachusetts 02116
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: 1-877-435-8105
Susan C. Mosher, Esq.
Investors Bank & Trust Company
200 Clarendon Street, 18th Floor
Boston, Massachusetts 02116
- -------------------------------------------------------------------------------
(Name and Address of Agent for Service)
With a copy to:
Jack Murphy, Esq.
Dechert Price & Rhoads
1775 Eye Street, N.W.,
Washington, D.C. 20006-2401
(legal counsel for the Fund)
- -------------------------------------------------------------------------------
Approximate Date of Proposed Public Offering:
As soon as practicable after this Registration Statement becomes effective.
It is proposed that this filing will become effective:
/ / immediately upon filing pursuant to paragraph (b)
/ / on (date) pursuant to paragraph (b)
/x / 60 days after filing pursuant to paragraph (a)(1)
/ / on (date) pursuant to paragraph (a) (1)
/ / 75 days after filing, pursuant to paragraph (a) (2)
/ / on (date) pursuant to paragraph (a) (2) of rule 485.
<PAGE>
Explanatory Note
The remaining pages of Part A, Part B and Part C of the Registration Statement
for Harding, Loevner Funds, Inc. are incorporated herein by reference to
Post-Effective Amendment No. 5 to the Registration Statement of Harding Loevner
Funds, Inc. as filed with the Commission on November 19, 1999.
The paragraph entitled "Performance of Similarly Managed Accounts" shall appear
prior to the Paragraph entitled "Financial Highlights" on page 22 of the
Prospectus.
<PAGE>
PERFORMANCE OF SIMILARLY MANAGED ACCOUNTS
Each of the International Equity Portfolio, Global Equity Portfolio and
Multi-Asset Global Portfolio have the same investment objective, policies and
strategies as existing private accounts that are managed by Harding Loevner
("Managed Accounts").
The historical performance of the Managed Accounts is presented below.
Investors should not consider the performance of the Managed Accounts as an
indication of the future performance of a Portfolio. The performance figures
shown below reflect the deduction of the historical fees and expenses paid by
each Managed Account, and not those paid by the Portfolio. Each Portfolio's
fees and expenses are higher than those of the Managed Accounts, therefore if
the Portfolio's fees and expenses were taken into consideration, the
performance of the Managed Accounts would be lower than stated below. The
returns shown below reflect the reinvestment of dividends and distributions,
and were calculated in the same manner that is used by each Portfolio to
calculate its own performance.1/ The following table shows average annual total
returns of the Managed Accounts for the stated periods ending December 31,
1999, as well as a comparison with the performance of applicable benchmark(s).
2/
<TABLE>
<CAPTION>
<S> <C> <C> <C>
INTERNATIONAL EQUITY PERFORMANCE SUMMARY
Average Annual Total Return (%)
- --------------------------------------------------------------------
One Year Five Years Ten Years
- --------------------------------------------------------------------
International Equity 50.5% 15.9% 13.3%
MSCI All Country World
ex-US Index 31.8 12.1 7.2
MSCI EAFE Index 27.3 13.2 18.1
- --------------------------------------------------------------------
GLOBAL EQUITY PERFORMANCE SUMMARY
Average Annual Total Return (%)
- --------------------------------------------------------------------
One Year Five Years Ten Years
- --------------------------------------------------------------------
Global Equity 38.3% 16.3% 14.4%
MSCI All Country World Index 27.3 18.9 11.5
- --------------------------------------------------------------------
MULTI-ASSET GLOBAL PERFORMANCE SUMMARY
Average Annual Total Return (%)
- --------------------------------------------------------------------
One Year Five Years Ten Years
- --------------------------------------------------------------------
Multi-Asset Global Equity 17.6%% 14.5% 13.0%
Constructed Global Balanced
Index 13.9 14.0 10.4
1/ Returns shown are in US$ and include the effect of foreign currency exchange
rates. Returns are presented after reduction due to brokerage commissions and
actual management fees paid but before reduction due to custodial charges and
foreign withholding taxes.
2/ MSCI All Country World ex-US Index is an unmanaged index of equity
securities issued outside the United States compiled by Morgan Stanley Capital
International (MSCI) and calculated by applying full market capitalization
weights for the constituent securities. MSCI EAFE Index is an unmanaged index
of more than 900 securities listed on the stock exchanges of countries in
Europe, Australia and the Far East compiled by MSCI. MSCI All Country World
Index is an unmanaged index of global equity securities compiled by MSCI and
calculated by applying full market capitalization weights for the constituent
securities. Constructed Global Balanced Index is an unmanaged index comprised
of the weighted sum of 60% MSCI All Country World Index (described above) and
40% Salomon World Government Bond Index, which is an unmanaged index of global
fixed income securities compiled by Salomon Brothers and calculated by applying
full market capitalization weights for the constituent securities.
</TABLE>
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the Investment
Company Act of 1940, the Registrant has duly caused this Registration Statement
to be signed on its behalf by the undersigned, duly authorized, in the City of
Somerville, State of New Jersey on the 10th day of January, 2000.
HARDING, LOEVNER FUNDS, INC.
By: */s/ David R. Loevner
---------------------
David R. Loevner, President
Pursuant to the requirements of the Securities Act of 1933, this Post-Effective
Amendment to the Registration Statement had been signed below by the following
persons in the capacities indicated on the 10th day of January, 2000.
SIGNATURE TITLE
- --------- -----
*/s/ David R. Loevner Director and President
- ---------------------
David R. Loevner
/s/ Timothy F. Osborne Treasurer
- ----------------------
Timothy F. Osborne
*/s/ Jane A. Freeman Director
- --------------------
Jane A. Freeman
*/s/ Carl W. Schafer Director
- --------------------
Carl W. Schafer
*/s/ Samuel R. Karetsky Director
- -----------------------
Samuel R. Karetsky
*/s/ R. Kelly Doherty Director
- ---------------------
R. Kelly Doherty
/s/ Susan C. Mosher
- -------------------
* Attorney-in-Fact
