HNSVX — Heartland Select Value Fund
Data updated: 2020-11-02
HNSVX — Heartland Select Value Fund. United States Small Cap Value Equity · $135.13M AUM · 1.02% expense ratio. Holdings, fees, performance and SEC filings.
HNSVX Fund Overview
HNSVX — Heartland Select Value Fund is a US mutual fund managed by Heartland Group INC, categorised as United States Small Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Heartland Group INC
- Category: United States Small Cap Value Equity
- Assets under management: $135.13M
- 1-year return: -11.7%
- Ticker: HNSVX
- SEC CIK: 0000809586
- SEC series ID: S000003525
- Share class ID: C000063873
HNSVX Investment Objective and Strategy
Heartland Select Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Heartland Group INC.
Investment objective
The Select Value Fund seeks long-term capital appreciation.
Principal investment strategy
The Select Value Fund invests primarily in a concentrated number (generally 40 to 60) of common stocks of all sizes, selected on a value basis and whose current market prices, in Heartland Advisors judgment, are undervalued relative to their intrinsic value. They normally have market capitalizations in excess of $500 million at the time of purchase. The median market capitalization of the Fund is expected to fluctuate over time depending on Heartland Advisors perceptions of relative valuations, future prospects, and market conditions. The Fund utilizes Heartland Advisors disciplined and time-tested 10 Principles of Value Investing TM 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.
HNSVX Performance
Total returns for HNSVX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -11.7% |
HNSVX Risk Information
Risk metrics for HNSVX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 24.6%
HNSVX Costs and Fees
HNSVX costs about $102 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.02%
- Gross expense ratio: 1.02%
- Portfolio turnover: 54%
- Brokerage commissions: 16.53 bps of average net assets (SEC N-CEN)
HNSVX Cashflows
Over the 12 months to 2020-09, Heartland Select Value Fund had net outflows of $30.47M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-09 | −$2.78M |
| 2020-08 | −$3.77M |
| 2020-07 | −$2.57M |
| 2020-06 | −$2.85M |
| 2020-05 | −$3.56M |
| 2020-04 | −$1.05M |
HNSVX Debt Constituents
No individual debt constituents are reported in Heartland Select Value Fund's latest SEC N-PORT filing.
HNSVX Prospectus and SEC Filings
Official Heartland Select Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-05-13
- Prospectus (485BPOS) — filed 2019-05-13
- Prospectus (485BPOS) — filed 2018-05-11
- Portfolio holdings (N-PORT) — filed 2020-11-02
- Portfolio holdings (N-PORT) — filed 2020-08-24
- Portfolio holdings (N-PORT) — filed 2020-04-30
- Annual census (N-CEN) — filed 2020-02-27
- Annual census, amended (N-CEN/A) — filed 2019-04-04
Related Funds
Other United States Small Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.