About HNVIX
The Heartland Value Plus Fund Institutional Class is an actively managed mutual fund focused on small-cap U.S. equities. Its primary objective is long-term capital appreciation, complemented by a goal of modest current income. The fund seeks out undervalued small companies—often those with strong balance sheets and a propensity to pay dividends—using Heartland’s 10 Principles of Value Investing™, a disciplined value-oriented approach that aims to uncover stocks trading below their intrinsic worth. With a concentrated portfolio of typically 40 to 70 holdings, stock selection serves as the main performance driver, and the fund maintains a strategic focus on companies with catalysts expected to unlock value. The fund’s investments span multiple sectors, with noticeable allocations to financial services, consumer cyclical, energy, real estate, and industrials, as reflected in its leading holdings. Benchmarking against the Russell 2000 Value Index, the fund is designed for institutional investors and manages volatility by prioritizing financial stability alongside value. It plays a meaningful role in the small-cap value segment, offering access to potentially overlooked U.S. companies with attractive valuation metrics.
Fund Family Heartland
Category Small Value
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol HNVIX
Share Class Institutional Class
Index Russell 2000 Value TR
HNVIX had a total return of 16.23% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.10%.
