Heartland Funds Daily Prices

  • Investor Class
  • Institutional Class

Price at Market Close

11/20/2017

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 PriceChange% ChangeFactSheet
Select Value
30.630.030.09%
Mid Cap Value
12.070.020.14%
Value Plus
32.220.210.65%
Value
43.500.260.60%
International Value
10.550.020.18%

Overall Morningstar Rating TM

10/31/2017

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RatingCategoryTotal Funds
Select Value3Mid-Cap Value373
Mid Cap Value3Mid-Cap Value373
Value Plus2Small Value337
Value2Small Value337
International Value1Foreign Small/Mid Value58
*Effective May 1, 2008, shares previously issued by the Funds were reclassified as "Investor Class Shares."

Price at Market Close

11/20/2017

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 PriceChange% ChangeFactSheet
Select Value
30.620.040.11%
Mid Cap Value
12.100.020.15%
Value Plus
32.140.210.66%
Value
44.370.260.59%
International Value
10.580.020.22%

Overall Morningstar Rating TM

10/31/2017

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RatingCategoryTotal Funds
Select Value3Mid-Cap Value373
Mid Cap Value3Mid-Cap Value373
Value Plus2Small Value337
Value2Small Value337
International Value1Foreign Small/Mid Value58

Morningstar Rating™ based on risk-adjusted performance

View detailed Fund performance as of the most recent quarter and month end

Who to Contact with Questions

Contact the Shareholder Services Team at 800-432-7856, or send an email. The Team is available 8 a.m. to 7 p.m. CT, Monday to Friday.

Account Information

Heartland Funds Account Information Icon

©2017 Heartland Advisors | 789 N. Water Street, Suite 500, Milwaukee, WI 53202 | Business Office: 414-347-7777 | Financial Professionals: 888-505-5180 | Individual Investors: 800-432-7856

Past performance does not guarantee future results. Performance represents past performance; current returns may be lower or higher. Performance information for institutional class shares of Funds that existed prior to their initial public offering is based on the performance of investor class shares. The investment return and principal value will fluctuate so that an investor's shares, when redeemed may be worth more or less than the original cost. All returns reflect reinvested dividends and capital gains distributions, but do not reflect the deduction of taxes that an investor would pay on distributions or redemptions. Subject to certain exceptions, shares of a Fund redeemed or exchanged within 10 days (90 days for the International Value Fund) of purchase are subject to a 2% redemption fee. Performance does not reflect this fee, which if deducted would reduce an individual's return.

In the prospectus (pdf) dated 5/1/2017, the gross expense ratios for investor class shares of the Select Value, Value Plus, and Value Funds are 1.23%, 1.19%, and 1.09%, respectively, and the gross expense ratios for institutional class shares of the Select Value, Value Plus, and Value Funds are 0.99%, 0.97%, and 0.92%, respectively. The Advisor has voluntarily agreed to waive fees and/or reimburse expenses with respect to the institutional class, to the extent necessary to maintain the institutional class “Net Annual Operating Expenses” at a ratio not to exceed 0.99% of average daily net assets. This voluntary waiver/reimbursement may be discontinued at any time. Without such waiver and/or reimbursements, the Select Value Fund institutional class Total Annual Fund Operating Expenses would be 1.00%. Also, through 11/30/2001, the Advisor voluntarily waived a portion of the Select Value Fund's expenses. Without such waivers, total returns would have been lower. In the prospectus (pdf) dated 5/1/2017, the Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement for investor and institutional class shares of the Mid Cap Value and International Value Funds is 1.25% and 0.99%, respectively. The Advisor has contractually agreed to waive its management fees and/or reimburse expenses of the Mid Cap Value and International Value Funds to ensure that Total Annual Fund Operating Expenses for the Fund do not exceed 1.25% of the Fund’s average net assets for investor class shares and 0.99% for institutional class shares, through at least 5/1/2019, and subject thereafter to annual reapproval of the agreement by the Board of Directors. Without such waiver and/or reimbursements, the Total Annual Fund Operating Expenses would be 3.22% for the investor class shares and 3.46% for the institutional class shares of the Mid Cap Value Fund and 1.89% for the investor class shares and 1.63% for the institutional class shares of the International Value Fund.

Important notice to investors residing outside the United States: The Heartland Funds are offered for sale only in the U.S. and certain U.S. territories. Although you may obtain prospectuses and other information about the Heartland Funds at this website, we will mail prospectuses and other information only to addresses in the U.S. and will accept only new account applications that contain an address in the U.S. and certain U.S. territories.

An investor should consider the Funds’ investment objectives, risks, and charges and expenses carefully before investing or sending money. This and other important information may be found in the prospectus (pdf). To obtain a print prospectus, call 800-432-7856. Please read the prospectus carefully before investing.

Value investments are subject to the risk that their intrinsic value may not be recognized by the broad market.

Information about Morningstar Ratings™ are ©2017 Morningstar, Inc. All rights reserved. The information contained herein is (1) proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed, and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. 

The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

As of 10/31/2017 Morningstar Ratings™: The Heartland Select Value Fund investor class was rated against 227, 319, and 373 U.S.-domiciled Mid-Cap Value funds over the 10-, 5-, and 3-year periods and received 3, 2, and 3 stars, respectively. The institutional class received 3, 3, and 3 stars, respectively.
As of 10/31/2017 Morningstar Ratings™: The Heartland Value Plus Fund investor class was rated against 198, 292, and 337 U.S.-domiciled Small Value funds over the 10-, 5-, and 3-year periods and received 3, 1, and 2 stars, respectively. The institutional class received 3, 2, and 2 stars, respectively.
As of 10/31/2017 Morningstar Ratings™: The Heartland Value Fund investor class was rated against 198, 292, and 337 U.S.-domiciled Small Value funds over the 10-, 5-, and 3-year periods and received 2, 2, and 2 stars, respectively. The institutional class received 2, 2, and 2 stars, respectively.
As of 10/31/2017 Morningstar Ratings™: The Heartland International Value Fund investor class was rated against -, 43, and 58 U.S.-domiciled Foreign Small/Mid Value funds over the 10-, 5-, and 3-year periods and received -, 1, and 1 stars, respectively. The institutional class received -, 1, and 1 stars, respectively.

The Heartland Funds are distributed by ALPS Distributors, Inc.

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