Investment Professionals

One of Heartland's strengths lies in its team of investment professionals. The Firm has sought to bring together a passionate, gifted and energetic group of portfolio managers, researchers and traders to apply Heartland's value philosophy. The collective experience and ability of these professionals is brought to bear as they meet with hundreds of companies each year. It is this intense firsthand contact that, together with traditional fundamental analysis, guides Heartland's investment decisions.

Seasoned investment team with more than 250 years of experience as of 12/31/11

Investment Team Member	Title	Years of Industry Experience	Years at Heartland
Bill Nasgovitz	Founder, President and Portfolio Manager - Value and International Small Cap Funds	43	29
Kevin Clark	Senior Vice President - Equity Trading	27	18
Hugh Denison	Senior Vice President	26	23
Ted Baszler, CPA, CFA	Vice President and Portfolio Manager - Select Value Fund	20	17
Matt Miner, CFA	Vice President and Director of Trading	20	15
Dave Fondrie, CPA	Senior Vice President and Portfolio Manager - Select Value Fund	17	17
Brad Evans, CFA	Senior Vice President, Director of Equity Research and Portfolio Manager - Value and Value Plus Funds	15	12
Michael Poustovoi, CFA	International Research Analyst	14	< 1
Kerry Laurin, CPA, CFA	Research Analyst	12	1
Will Nasgovitz	Senior Vice President and Portfolio Manager - Select Value and Value Funds	11	8
Jason Schacht	Equity Research Analyst	11	11
Adam Peck, CFA	Vice President and Portfolio Manager - Value Plus Fund	9	5
Colin McWey	Research Analyst and Portfolio Manager - Core Plus	9	2
Josh Van Dreel	Equity Trader	8	8
Michael Jolin, CFA	Equity Research Analyst	8	3
Matt Drvaric	Research Assistant	3	3
Dan Walker	Research Analyst	< 1	< 1

Heartland Advisors' mission is to strive to deliver superior investment results and outstanding client service. That means listening to you. If you have a question or comment about our investment process, please contact us.

The above individuals are Registered Representatives of ALPS Distributors, Inc.

CFA is a trademark owned by CFA Institute.