# Herald Investment Trust PLC (HRI)

**Page:** https://fundology.uk/fund/hri · ISIN GB0004228648

## 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 13/11/2026, HRI (Herald Investment Trust PLC, ISIN GB0004228648) closed at £26.30 on the London Stock Exchange. Over the five years to 13/11/2026 its price changed by +5.0% (income paid out is not included), or −18.0% 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: **£26.30** (13/11/2026).

## Key facts

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

## Past returns (periods to 13/11/2026)

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

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +11.21% | +7.27% | price only |
| 3 years | +52.20% | +37.51% | price only |
| 5 years | +4.99% | -18.05% | price only |

Returns: worked out from recorded daily closes. Inflation: UK 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 +28.3%, 2025 −2.4%; 2026 to 13/11/2026 +9.4%. Returns of Herald Investment Trust PLC in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +19.1%; to 30/09/2025: +19.4%; to 30/09/2024: +21.6%; to 30/09/2023: +4.9%; to 30/09/2022: −31.1%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -28.9% | -34.9% | Price |
| 2023 | +7.9% | +3.6% | Price |
| 2024 | +28.3% | +23.9% | Price |
| 2025 | -2.4% | -5.8% | Price |
| 2026 to 13/11/2026 | +9.4% | +5.9% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 23.22% | -20.34% |
| 3 years | 20.27% | -28.48% |
| 5 years | 20.97% | -39.03% |

## Largest fall

Volatility of Herald Investment Trust PLC in pounds, annualised from weekly returns to 13/11/2026: 23.2% over 1 year, 20.3% over 3 years, 21.0% over 5 years. Largest fall in the price of Herald Investment Trust PLC since November 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 13/11/2026 the price of Herald Investment Trust PLC was 18.3% below its highest weekly close since November 2021 (29/05/2026), in pounds.

## Charges & eligibility

- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## Questions people ask

**What is the ISIN of HRI?**

The ISIN of HRI is GB0004228648. An ISIN identifies one exact share class of a fund; HRI is its ticker on the London Stock Exchange.

**What were HRI’s returns in each of the last five years?**

Calendar-year returns of HRI in pounds (price only, income paid out not included): 2022 −28.9%, 2023 +7.9%, 2024 +28.3%, 2025 −2.4%; 2026 to 13/11/2026 +9.4%. Past performance is not a guide to future returns.

**How has HRI done after inflation?**

Over the five years to 13/11/2026 HRI’s price changed by +5.0% (income paid out is not included), or −18.0% after UK CPIH inflation. Past performance is not a guide to future returns.

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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.