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Name

As of 04/15/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

HEARTLAND VALUE PLUS FUND

HRVIX | Fund

$35.24

$350 M

0.92%

$0.33

1.22%

Vitals

YTD Return

-4.8%

1 yr return

-2.3%

3 Yr Avg Return

-2.6%

5 Yr Avg Return

6.6%

Net Assets

$350 M

Holdings in Top 10

38.2%

52 WEEK LOW AND HIGH

$35.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.22%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 58.00%

Redemption Fee 2.00%

Min Investment

Standard (Taxable)

$1,000

IRA

$500

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/15/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

HEARTLAND VALUE PLUS FUND

HRVIX | Fund

$35.24

$350 M

0.92%

$0.33

1.22%

HRVIX - Profile

Distributions

  • YTD Total Return -4.8%
  • 3 Yr Annualized Total Return -2.6%
  • 5 Yr Annualized Total Return 6.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.64%
DIVIDENDS
  • Dividend Yield 0.9%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    HEARTLAND VALUE PLUS FUND
  • Fund Family Name
    Heartland
  • Inception Date
    Oct 26, 1993
  • Shares Outstanding
    7569183
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Bradford Evans

Fund Description

The Value Plus Fund invests primarily in a concentrated number (generally 40 to 70) of small-capitalization common stocks selected on a value basis. A majority of its assets are generally invested in dividend-paying common stocks. The Fund primarily invests in companies with market capitalizations consistent with the capitalization range of the Russell 2000® Value Index. As of May 6, 2022, the market capitalization range of the Russell 2000® Value Index was $240.1 million to $6.4 billion.

The Fund utilizes Heartland Advisors’ disciplined and time-tested 10 Principles of Value InvestingTM framework to identify securities with the potential for appreciation and a potential margin of safety to limit downside risk. The 10 Principles of Value Investing™ are: catalyst for recognition, low price in relation to earnings, low price in relation to cash flow, low price in relation to book value, financial soundness, positive earnings dynamics, sound business strategy, capable management and insider ownership, value of the company, and positive technical analysis.

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HRVIX - Performance

Return Ranking - Trailing

Period HRVIX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.8% -12.0% 9.0% 94.70%
1 Yr -2.3% -4.6% 34.2% 99.34%
3 Yr -2.6%* -12.4% 68.4% 96.52%
5 Yr 6.6%* -4.4% 47.3% 68.08%
10 Yr 4.6%* -3.5% 26.5% 88.33%

* Annualized

Return Ranking - Calendar

Period HRVIX Return Category Return Low Category Return High Rank in Category (%)
2023 0.4% -18.4% 33.6% 97.58%
2022 -7.1% -36.7% 212.9% 6.28%
2021 0.3% -62.0% 147.6% 92.38%
2020 11.5% -24.8% 31.3% 7.57%
2019 24.2% -30.1% 34.0% 17.33%

Total Return Ranking - Trailing

Period HRVIX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.8% -12.0% 9.0% 94.70%
1 Yr -2.3% -4.6% 34.2% 99.34%
3 Yr -2.6%* -12.4% 68.4% 96.52%
5 Yr 6.6%* -4.4% 47.3% 68.08%
10 Yr 4.6%* -3.5% 26.5% 88.33%

* Annualized

Total Return Ranking - Calendar

Period HRVIX Return Category Return Low Category Return High Rank in Category (%)
2023 1.8% -15.5% 35.4% 99.34%
2022 -5.0% -36.7% 250.0% 15.02%
2021 24.8% -3.2% 157.9% 84.76%
2020 12.6% -13.5% 33.4% 7.33%
2019 26.0% -17.4% 34.3% 21.53%

NAV & Total Return History

HRVIX - Holdings

Concentration Analysis

HRVIX Category Low Category High HRVIX % Rank
Net Assets 350 M 2.13 M 52.9 B 54.25%
Number of Holdings 46 10 1578 89.54%
Net Assets in Top 10 149 M 180 K 3.01 B 34.42%
Weighting of Top 10 38.19% 0.3% 88.4% 12.66%

Top 10 Holdings

  1. Texas Capital Bancshares, Inc. 4.55%
  2. Carter's, Inc. 4.41%
  3. PotlatchDeltic Corp. 4.08%
  4. Seacoast Banking Corp. of Florida 4.08%
  5. Artisan Partners Asset Management, Inc. 3.96%
  6. The Hanover Insurance Group, Inc. 3.73%
  7. HealthStream, Inc. 3.63%
  8. Haemonetics Corp. 3.28%
  9. Royal Gold, Inc. 3.25%
  10. Park Aerospace Corp. 3.22%

Asset Allocation

Weighting Return Low Return High HRVIX % Rank
Stocks 		98.89% 0.99% 104.11% 35.95%
Cash 		1.11% 0.00% 99.01% 61.87%
Preferred Stocks 		0.00% 0.00% 2.62% 14.16%
Other 		0.00% -1.78% 40.01% 39.87%
Convertible Bonds 		0.00% 0.00% 2.63% 10.60%
Bonds 		0.00% 0.00% 73.18% 13.73%

Stock Sector Breakdown

Weighting Return Low Return High HRVIX % Rank
Financial Services 		17.74% 0.00% 35.71% 82.18%
Industrials 		15.88% 0.65% 48.61% 62.58%
Healthcare 		14.85% 0.00% 25.76% 2.00%
Energy 		9.61% 0.00% 29.42% 29.84%
Real Estate 		8.70% 0.00% 44.41% 39.87%
Basic Materials 		8.39% 0.00% 67.30% 11.58%
Consumer Cyclical 		6.24% 0.00% 51.62% 95.55%
Consumer Defense 		5.63% 0.00% 13.22% 21.16%
Technology 		5.51% 0.00% 34.03% 91.31%
Utilities 		4.90% 0.00% 13.86% 19.82%
Communication Services 		2.56% 0.00% 24.90% 51.00%

Stock Geographic Breakdown

Weighting Return Low Return High HRVIX % Rank
US 		98.89% 0.96% 104.11% 30.28%
Non US 		0.00% 0.00% 67.90% 37.25%

HRVIX - Expenses

Operational Fees

HRVIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.22% 0.05% 37.04% 49.67%
Management Fee 0.70% 0.00% 1.50% 24.02%
12b-1 Fee 0.25% 0.00% 1.00% 33.33%
Administrative Fee N/A 0.01% 0.35% 7.26%

Sales Fees

HRVIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

HRVIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.50% 2.00% 7.69%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HRVIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 58.00% 7.00% 252.00% 59.85%

HRVIX - Distributions

Dividend Yield Analysis

HRVIX Category Low Category High HRVIX % Rank
Dividend Yield 0.92% 0.00% 14.14% 58.17%

Dividend Distribution Analysis

HRVIX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Quarterly Annual

Net Income Ratio Analysis

HRVIX Category Low Category High HRVIX % Rank
Net Income Ratio 0.64% -1.43% 4.13% 33.85%

Capital Gain Distribution Analysis

HRVIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

HRVIX - Fund Manager Analysis

Managers

Bradford Evans

Start Date

Tenure

Tenure Rank

May 01, 2006

16.09

16.1%

Bradford A. Evans, CFA, is Senior Vice President and Portfolio Manager for the Value Plus Fund and its corresponding Small Cap Value Plus Strategy. Evans began at Heartland in 1996 as a Research Associate. He was promoted to Equity Research Analyst, during which time he developed expertise in the Energy, Consumer, and Materials sectors. Following nearly four years at High Rock Capital, Evans returned to Heartland as Portfolio Manager for the Value Fund in 2004, which he co-managed until 2015. He became Portfolio Manager of the Value Plus Fund in April 2006 and also was Director of Equity Research from 2011 to 2016. Evans is a vocal advocate for small-cap value investing. He has been quoted by the national financial media, including Barron’s, CNBC, Fortune, Bloomberg, BusinessWeek, and The Wall Street Journal. He graduated from the University of Wisconsin-Madison with a bachelor’s in international relations, Russian, and political science in 1995. He also spent a semester studying at Moscow State University in Russia.

Andrew Fleming

Start Date

Tenure

Tenure Rank

Feb 01, 2016

6.33

6.3%

Andrew J. Fleming, CFA, is Vice President and Portfolio Manager for the Value Plus Fund and its corresponding Small Cap Value Plus Strategy. He began at Heartland as a research intern during the summer of 2011 while he was a student in the Master of Business Administration in Applied Securities Analysis Program at the University of Wisconsin-Madison. He joined the Investment Team as a Research Analyst in June 2012, after completing the program, and began as a Portfolio Manager in 2015. Before beginning the securities analysis program, Fleming was an Associate for two years at McKinley Reserve, a Wisconsin-based family office. He supported the private investment activities of the firm and helped raise capital for its portfolio companies. His work included due diligence, market research, financial modeling, and valuation analysis. In addition to his master’s degree, Fleming earned a law degree from Marquette University in 2007 and a bachelor’s in finance from Georgetown University in 2004.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 37.45 8.17 3.58

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