Heartland Value Plus Investor
HRVIX
NASDAQ44.95
USD
+0.54
- -
CIK
0000809586
ISIN
US4223525001
CUSIP
422352500
Return %
Stock
S&P500
1Y
33.94
19.01
3Y
24.55
65.48
5Y
-8.71
72.20
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- William J Nasgovitz
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Milwaukee, WI 53202 Bridgewater NJ United States of America 08807
- IPO Date
- Oct 26, 1993
- CIK
- 0000809586
- Website
- hardingloevner.com
- Similar Companies
- Business
- Heartland Value Plus Fund Investor Class Shares (HRVIX) is an actively managed open-end mutual fund that seeks long-term capital appreciation and modest current income by investing primarily in a concentrated portfolio of 40 to 70 small-capitalization value stocks, with a focus on undervalued companies exhibiting strong balance sheets and dividend payments; it benchmarks performance against the Russell 2000 Value Index and maintains high active share of approximately 96%. The fund emphasizes dividend-paying equities, comprising about 76% of assets, selected through Heartland Advisors' proprietary 10 Principles of Value Investing framework, supplemented by portfolio construction rules to prioritize stock-specific catalysts; top sectors include financials, industrials, real estate, and information technology, with leading holdings such as Stifel Financial Corp., FB Financial Corp., and FNB Corp. as of late 2025. Investor Class shares, identified by ticker HRVIX and CUSIP 422352500, feature a net expense ratio of 1.21%, including a 0.70% management fee and 0.24% 12b-1 distribution fee, with a 2% redemption fee applicable within 10 days of purchase and minimum initial investment of $1,000; Institutional Class shares (HNVIX) offer a lower expense ratio of 0.94% and $500,000 minimum. Launched on October 26, 1993, and managed by Heartland Advisors, Inc., the fund operates from the firm's headquarters at 790 N. Water Street, Suite 1200, Milwaukee, Wisconsin 53202, serving U.S. investors through broker-dealers distributed by ALPS Distributors, Inc.. Recent developments include portfolio adjustments in the fourth quarter of 2024, such as re-initiating positions in Semtech Corp. amid its divestiture of non-core assets post-Sierra Wireless acquisition and deleveraging efforts to capitalize on AI-driven data center demand, alongside upgrades like increased exposure to FB Financial Corp.; the firm enhanced its risk management tools, relocated to BMO Tower, and expanded its Board of Directors with Dianna Gonzales-Burdin and Dina Tantra, while celebrating the 40th anniversary of its flagship Heartland Value Fund in 2024. As of September 30, 2025, the fund holds $295 million in assets under management, with a median market cap of $4.9 billion and trailing one-year turnover of 60.5%.