Collective Investment Trusts
A collective investment trust (CIT) is a tax-exempt commingled investment vehicle that pools qualified retirement plans’ trusts’ assets for a bank or trust company’s management. Qualified defined-contribution and defined-benefit plans, profit-sharing plans, and certain government retirement and deferred-compensation plans are eligible to participate in a CIT.
The Harding Loevner Collective Investment Trust for Retirement Plans began in 2008 and currently contains four Funds:
International Equity
International Developed Markets Equity
Emerging Markets Equity
Global Equity
Investment Documents
Each Fund offers an unlimited number of share classes, which enables a qualified retirement plan trust to invest via its own dedicated class, or in a pooled class with a smaller minimum investment. Class A is an institutional share class available to all qualified plans investing US$1M or more. Share classes at lower fee rates may be available to plans based on investment size or other qualifications. Such investors should inquire with Harding Loevner for more information.
The investment adviser’s fee for each class is specified by the respective fee schedules.
Plan Sponsors
For more information on our Collective Investment Trust capabilities, please inquire at invest@hlmnet.com.
Plan Participants
If you have questions, please contact your plan administrator.
1If a participating plan approved an arrangement with a solicitor, the expenses of the plan’s Units are increased by the solicitor’s fee. 2Portfolio turnover is shown for Harding Loevner’s International Equity, International Developed Markets Equity, Emerging Markets Equity, and Global Equity models, rather than the corresponding Trust Fund. 3Based on the weighted average net assets for the most recent month. 4Harding Loevner has agreed to cap operating expenses at 10 bps for the Emerging Markets Equity and Global Equity Funds and 5 bps for the International Equity and International Developed Markets Equity Funds. This voluntary waiver is evaluated on an annual basis. 5For further information about the Trust and a particular Fund, a fiduciary should read the Trust Declaration, the Fund Declaration, the Offering Memorandum, the Fund Supplement, and the Participation Agreement, including its Fee Schedule and information regarding withdrawals.
The Funds invest in foreign securities, which will involve greater volatility and political, economic, and currency risks, such as exposure to economies less diverse and mature than the U.S. or other more established foreign markets. Economic and political instability may cause larger price changes in emerging markets securities than other foreign securities.
This is a bank-sponsored collective investment trust and not a mutual fund. Global Trust Company, a Maine Chartered Non-depository Trust Bank, is the Trustee and maintains and manages the collective investment trust. Harding Loevner LP is the Trustee’s investment adviser. A Fund is not FDIC insured. Interests in the Trust are offered by the Trustee only to certain qualified or governmental retirement plans. Neither Harding Loevner, nor the Trustee, has any obligation to update this summary. This summary has not been approved by the Securities and Exchange Commission or any other federal or state agency or foreign securities commission. This overview is for a plan fiduciary; a participant or beneficiary who reads this overview should consider that it omits important information and should request and read all communications available from the participating plan.
These Funds and either Fund’s Units are not registered under any securities law. The Trust’s Form 5500 for 2023 and audited financial statements for 2023 and earlier years are available at www.dol.gov/ebsa or from Harding Loevner. For any of this information, please send an e-mail to invest@hardingloevner.com.
None of this information is investment advice.
Not FDIC Insured / No Bank Guarantee / May Lose Value