| Document Date: 2015-03-13 08:57:41
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City Fourth Floor / / Company Baidu / eBay / First Republic Bank Financials / Harding Loevner LP / S&P / Affiliated Managers Group Inc. / Ashland Partners & Company LLP / Country Portfolio Weight Contribution Garanti Bank Financials / IPG Photonics / AIA Group / / Continent Europe / / Country France / Japan / United States / Canada / China / Greece / / Event Reorganization / / / IndustryTerm diverse / life insurance / Oil prices / interconnected web / / MarketIndex MSCI All Country World / NASDAQ 100 / MSCI World / / Organization national government / European Central Bank / China Banking Regulatory Commission / European monetary union / Securities and Exchange Commission / / / Position investment adviser / forensic accountant / representative / analyst / / Region Middle East / / Technology MSCI ACWI Info Technology / Information Technology / / URL www.hardingloevner.com / /
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Global Equity February 2015 Monthly Update The Global Equity Composite increased 5.5% for the month, while the MSCI All Country World Index rose 5.6%. Year-to-date, the Composite returned 4.1% versus a return of 4.0% for