HEARTLAND VALUE FUND
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
5.8%
1 yr return
23.4%
3 Yr Avg Return
6.4%
5 Yr Avg Return
9.9%
Net Assets
$695 M
Holdings in Top 10
23.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.98%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 45.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$500,000
IRA
$500,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
HNTVX - Profile
Distributions
- YTD Total Return 5.8%
- 3 Yr Annualized Total Return 6.4%
- 5 Yr Annualized Total Return 9.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.15%
- Dividend Yield 0.9%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameHEARTLAND VALUE FUND
-
Fund Family NameHeartland
-
Inception DateDec 28, 1984
-
Shares Outstanding1479498
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerWilliam Nasgovitz
Fund Description
The Value Fund invests primarily in common stocks of small companies with market capitalizations less than the largest companies in the Russell 2000® Value Index, and may invest a significant portion of its assets in micro-capitalization securities, generally those with market capitalizations of less than $500 million at the time of purchase. As of May 6, 2022, the largest market capitalizations of a company in the Russell 2000® Value Index was $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.
HNTVX - Performance
Return Ranking - Trailing
Period | HNTVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.8% | -11.0% | 11.8% | 19.82% |
1 Yr | 23.4% | -0.8% | 43.6% | 40.75% |
3 Yr | 6.4%* | -12.8% | 69.3% | 27.08% |
5 Yr | 9.9%* | -3.6% | 49.5% | 45.02% |
10 Yr | 6.1%* | -3.4% | 26.6% | 71.43% |
* Annualized
Return Ranking - Calendar
Period | HNTVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.1% | -18.4% | 33.6% | 53.73% |
2022 | -12.6% | -36.7% | 212.9% | 25.73% |
2021 | 7.6% | -62.0% | 147.6% | 84.33% |
2020 | 12.3% | -24.8% | 31.3% | 6.13% |
2019 | 14.4% | -30.1% | 34.0% | 77.78% |
Total Return Ranking - Trailing
Period | HNTVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.8% | -11.0% | 11.8% | 19.82% |
1 Yr | 23.4% | -0.8% | 43.6% | 40.75% |
3 Yr | 6.4%* | -12.8% | 69.3% | 27.08% |
5 Yr | 9.9%* | -3.6% | 49.5% | 45.02% |
10 Yr | 6.1%* | -3.4% | 26.6% | 71.43% |
* Annualized
Total Return Ranking - Calendar
Period | HNTVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 17.3% | -15.5% | 35.4% | 35.31% |
2022 | -9.9% | -36.7% | 250.0% | 39.37% |
2021 | 22.0% | -3.2% | 157.9% | 91.71% |
2020 | 13.3% | -13.5% | 33.4% | 6.37% |
2019 | 18.1% | -17.4% | 34.3% | 91.60% |
NAV & Total Return History
HNTVX - Holdings
Concentration Analysis
HNTVX | Category Low | Category High | HNTVX % Rank | |
---|---|---|---|---|
Net Assets | 695 M | 2.53 M | 46.3 B | 39.35% |
Number of Holdings | 86 | 10 | 1583 | 66.96% |
Net Assets in Top 10 | 169 M | 217 K | 2.97 B | 33.26% |
Weighting of Top 10 | 23.90% | 0.3% | 88.4% | 32.46% |
Top 10 Holdings
- Mohawk Industries, Inc. 3.00%
- Silicon Motion Technology Corp. 2.60%
- Texas Capital Bancshares, Inc. 2.51%
- National Storage Affiliates Trust 2.35%
- NOV, Inc. 2.29%
- Perrigo Co. PLC 2.28%
- Lincoln Educational Services Corp. 2.27%
- Century Communities, Inc. 2.26%
- Barrett Business Services, Inc. 2.21%
- National Fuel Gas Co. 2.13%
Asset Allocation
Weighting | Return Low | Return High | HNTVX % Rank | |
---|---|---|---|---|
Stocks | 98.90% | 0.99% | 105.89% | 35.22% |
Cash | 1.10% | 0.00% | 99.01% | 63.26% |
Preferred Stocks | 0.00% | 0.00% | 2.62% | 94.57% |
Other | 0.00% | -1.78% | 40.01% | 89.78% |
Convertible Bonds | 0.00% | 0.00% | 2.63% | 94.49% |
Bonds | 0.00% | 0.00% | 73.18% | 94.57% |
Stock Sector Breakdown
Weighting | Return Low | Return High | HNTVX % Rank | |
---|---|---|---|---|
Industrials | 20.71% | 0.65% | 48.61% | 23.56% |
Financial Services | 18.81% | 0.00% | 35.71% | 80.89% |
Healthcare | 11.38% | 0.00% | 25.76% | 4.44% |
Consumer Cyclical | 10.15% | 0.00% | 51.62% | 63.11% |
Energy | 9.76% | 0.00% | 29.42% | 28.44% |
Real Estate | 8.11% | 0.00% | 44.41% | 44.67% |
Basic Materials | 5.12% | 0.00% | 67.30% | 47.33% |
Technology | 5.05% | 0.00% | 34.03% | 92.44% |
Utilities | 4.52% | 0.00% | 13.86% | 25.11% |
Consumer Defense | 4.39% | 0.00% | 13.22% | 38.67% |
Communication Services | 2.01% | 0.00% | 24.90% | 59.11% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | HNTVX % Rank | |
---|---|---|---|---|
US | 93.83% | 0.96% | 105.89% | 85.65% |
Non US | 5.07% | 0.00% | 67.90% | 3.48% |
HNTVX - Expenses
Operational Fees
HNTVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.98% | 0.05% | 37.04% | 72.17% |
Management Fee | 0.75% | 0.00% | 1.50% | 48.15% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.35% | 12.39% |
Sales Fees
HNTVX 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
HNTVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 2.00% | 0.50% | 2.00% | 38.46% |
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.
HNTVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 45.00% | 7.00% | 252.00% | 41.65% |
HNTVX - Distributions
Dividend Yield Analysis
HNTVX | Category Low | Category High | HNTVX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.87% | 0.00% | 14.21% | 18.91% |
Dividend Distribution Analysis
HNTVX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Quarterly | Annual |
Net Income Ratio Analysis
HNTVX | Category Low | Category High | HNTVX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.15% | -1.43% | 4.13% | 69.11% |
Capital Gain Distribution Analysis
HNTVX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 27, 2023 | $2.624 | OrdinaryDividend |
Dec 28, 2022 | $1.264 | OrdinaryDividend |
Dec 29, 2021 | $6.330 | OrdinaryDividend |
Dec 28, 2018 | $0.135 | OrdinaryDividend |
Dec 28, 2017 | $0.123 | OrdinaryDividend |
Dec 29, 2015 | $0.210 | OrdinaryDividend |
Dec 30, 2014 | $0.306 | OrdinaryDividend |
Dec 27, 2013 | $0.506 | OrdinaryDividend |
HNTVX - Fund Manager Analysis
Managers
William Nasgovitz
Start Date
Tenure
Tenure Rank
Dec 28, 1984
37.45
37.5%
Mr. Will Nasgovitz has served as a Portfolio Manager. He also serves as Portfolio Manager for Heartland Advisors’ advisory clients. He previously served as a Research Analyst from 2004 to 2006 and a Research Associate from November 2003 to 2004. He is the Chief Executive Officer and a Director of Heartland Advisors and since May 2012 has served as Chief Executive Officer of Heartland. Prior to joining Heartland Advisors, Mr. Will Nasgovitz had been a Senior Research Associate with Cambridge Associates from 2000 to 2002. Mr. Will Nasgovitz is the son of Mr. Bill Nasgovitz, President and Director of the Heartland Funds and Portfolio Manager of the Value Fund.
Will Nasgovitz
Start Date
Tenure
Tenure Rank
May 01, 2019
3.08
3.1%
Will Nasgovitz is CEO of Heartland Advisors and the Heartland Funds. He is Portfolio Manager for the Select Value, Mid Cap Value, and Value Funds and their corresponding Opportunistic Value Equity, Mid Cap Value, and Small Cap Value Strategies. He is also President and Director of Heartland Funds. He began at Heartland Advisors in 2003 as a Research Associate and became Portfolio Manager in 2006 of the Select Value Fund, a Lipper Award winner for six consecutive years from 2007 to 2012. He added portfolio management responsibility for the Mid Cap Value Fund in 2015. He also returned to the Value Fund in 2019 as a Portfolio Manager, having previously co-managed from 2009 to 2013. Prior to joining the Firm, Nasgovitz was a Senior Research Associate at Cambridge Associates. Nasgovitz often shares his value investing market perspective with the national financial media, including Bloomberg, MarketWatch, TheStreet, and CNBC. He graduated from the University of Wisconsin-Madison with a bachelor’s in business in 2000.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 37.45 | 8.17 | 3.58 |