# Herald Investment Trust PLC (HRI)

**Source:** https://fundology.uk/fund/hri · ISIN GB0004228648 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 30/09/2026, HRI (Herald Investment Trust PLC, ISIN GB0004228648) closed at £29.65 on the London Stock Exchange. Over the five years to 30/09/2026 its price changed by +25.1% (income paid out is not included), or −1.1% after UK CPIH inflation.

## Summary

Herald Investment Trust PLC is an investment trust. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.

Latest close: **£29.65** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | HRI |
| ISIN | GB0004228648 |
| Category | Investment trusts |
| Type | Investment trust |
| Domicile | United Kingdom |

## Past returns (periods to 30/09/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +19.08% | +15.84% | price only |
| 3 years | +75.65% | +59.48% | price only |
| 5 years | +25.11% | -1.07% | price only |

Returns: Fundology, from recorded daily closes. Inflation: ONS CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Herald Investment Trust PLC in pounds (price only, income paid out not included): 2022 −28.9%, 2023 +7.9%, 2024 +27.2%, 2025 −2.2%; 2026 to 30/09/2026 +24.1%. Returns of Herald Investment Trust PLC in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +21.3%; to 30/09/2025: +17.3%; to 30/09/2024: +21.6%; to 30/09/2023: +4.9%; to 30/09/2022: −35.7%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -28.9% | -34.9% | Price |
| 2023 | +7.9% | +3.6% | Price |
| 2024 | +27.2% | +22.9% | Price |
| 2025 | -2.2% | -5.6% | Price |
| 2026 to 30/09/2026 | +24.1% | +20.6% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 22.23% | -10.40% |
| 3 years | 19.78% | -28.48% |
| 5 years | 20.79% | -39.03% |

## Largest fall

Volatility of Herald Investment Trust PLC in pounds, annualised from weekly returns to 30/09/2026: 22.2% over 1 year, 19.8% over 3 years, 20.8% over 5 years. Largest fall in the price of Herald Investment Trust PLC since October 2021, in pounds: −39.0% from 19/11/2021 to 17/06/2022. The lowest 12-month return of Herald Investment Trust PLC in pounds (price only, income paid out not included) since January 2021 was −36.8% (12 months to 02/09/2022); the highest was +49.1% (12 months to 29/05/2026). On 30/09/2026 the price of Herald Investment Trust PLC was 7.9% below its highest weekly close since October 2021 (29/05/2026), in pounds.

## Charges & eligibility

- ISA eligible: yes
- SIPP eligible: yes

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.