HNVIX Performance — Heartland Value Plus Fund, Institutional Class
Data updated: 2026-08-21
HNVIX returned +25.28% year to date and +35.61% over one year to Jun 2026. Annualised returns are +8.87% over 3 years and +4.37% over 5 years. Against its US Small Value category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $129, against $153 for the category, and to $136 over one year, against $131. Volatility over the past three years was 18.60% a year. In the 12 months to Jun 2026 the fund lost a net $27.1M, and assets reached $330.79M.
HNVIX Growth of $100
What $100 invested in Heartland Value Plus Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Value category average over the same months.
| Period | HNVIX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $136 | $131 |
| 3 years (Jul 2023 – Jun 2026) | $129 | $153 |
| 5 years (Jul 2021 – Jun 2026) | $124 | $149 |
| Since data start (Jul 2019 – Jun 2026) | $186 | $213 |
HNVIX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +25.28% |
| 1 year | +35.61% |
| 3 years (annualised) | +8.87% |
| 5 years (annualised) | +4.37% |
HNVIX Annual Returns
Calendar-year total returns of Heartland Value Plus Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +25.28% |
| 2025 | +1.29% |
| 2024 | −0.01% |
| 2023 | +2.11% |
| 2022 | −4.75% |
| 2021 | +25.11% |
| 2020 | +12.93% |
| 2019 (Jul–Dec) | +6.83% |
HNVIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +7.3% | +5.0% | −6.9% | +9.7% | +2.3% | +6.3% | — | — | — | — | — | — |
| 2025 | +2.8% | −4.5% | −6.5% | −6.0% | +4.2% | +4.0% | +2.6% | +6.9% | −1.0% | −2.8% | +2.9% | −0.4% |
| 2024 | −5.3% | +2.2% | +5.0% | −7.4% | +2.7% | −2.6% | +9.4% | −1.7% | +0.4% | −1.6% | +9.6% | −8.8% |
| 2023 | +6.6% | −1.4% | −4.5% | −3.0% | −3.5% | +6.9% | +3.5% | −3.2% | −5.2% | −5.0% | +3.3% | +9.1% |
| 2022 | −5.1% | −0.3% | +1.6% | −6.6% | +4.0% | −5.3% | +6.1% | −4.6% | −8.7% | +14.1% | +5.0% | −2.8% |
| 2021 | +3.3% | +11.8% | +4.4% | +2.8% | +3.5% | −2.9% | −2.5% | +1.1% | −2.0% | +1.7% | −4.1% | +6.5% |
| 2020 | −4.8% | −9.7% | −10.9% | +11.0% | +4.0% | −0.6% | +3.2% | +2.5% | −5.6% | +1.2% | +18.1% | +7.8% |
| 2019 | — | — | — | — | — | — | +0.4% | −5.3% | +5.1% | +0.3% | +2.5% | +4.0% |
HNVIX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 18.60%
- 3-year Sharpe ratio: 0.23 (vs 4.5% risk-free rate)
- Best month: +9.69% (Apr 2026)
- Worst month: −8.85% (Dec 2024)
HNVIX Fund Flows
Monthly money in and out of Heartland Value Plus Fund, from SEC Form N-PORT.
- 12-month net flow: −$27.1M
- 12-month gross sales (incl. reinvestments): $41.2M
- Sales ÷ redemptions: 0.60×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $2.1M | $14.7M | −$12.7M |
| May 2026 | $1.5M | $4.3M | −$2.8M |
| Apr 2026 | $1.5M | $4.5M | −$3.0M |
| Mar 2026 | $1.8M | $3.1M | −$1.3M |
| Feb 2026 | $1.8M | $4.0M | −$2.2M |
| Jan 2026 | $1.8M | $4.3M | −$2.5M |
| Dec 2025 | $4.2M | $4.4M | −$158K |
| Nov 2025 | $2.1M | $5.8M | −$3.7M |
| Oct 2025 | $2.5M | $5.4M | −$2.9M |
| Sep 2025 | $18.4M | $7.1M | $11.2M |
| Aug 2025 | $1.7M | $5.1M | −$3.4M |
| Jul 2025 | $1.9M | $5.6M | −$3.7M |
HNVIX Assets Under Management
Net assets of Heartland Value Plus Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $330.79M |
| 2026-03-31 | $293.70M |
| 2025-12-31 | $285.39M |
| 2025-09-30 | $295.38M |
| 2025-06-30 | $268.58M |
| 2025-03-31 | $274.47M |
| 2024-12-31 | $282.60M |
| 2024-09-30 | $300.06M |
| 2024-06-30 | $292.00M |
| 2024-03-31 | $346.45M |
| 2023-12-31 | $390.67M |
| 2023-09-30 | $404.15M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.