Past performance does not guarantee future results.
The statements and opinions expressed in the articles or appearances are those of the presenter. Any discussion of investments and investment strategies represents the presenters' views as of the date created and are subject to change without notice. The opinions expressed are for general information only and are not intended to provide specific advice or recommendations for any individual. The specific securities discussed above, which are intended to illustrate the advisor’s investment style, do not represent all of the securities purchased, sold, or recommended by the advisor for client accounts, and the reader should not assume that an investment in these securities was or would be profitable in the future. Certain security valuations and forward estimates are based on Heartland Advisors’ calculations. Any forecasts may not prove to be true.
Economic predictions are based on estimates and are subject to change.
Investing involves risk, including the potential loss of principal.
There is no guarantee that a particular investment strategy will be successful.
Value investments are subject to the risk that their intrinsic value may not be recognized by the broad market.
Tangible common equity: is a measure of a company's capital used to evaluate a financial institution's ability to deal with potential losses and is calculated by subtracting intangible assets, goodwill, and preferred equity from the sum of a company’s assets and liabilities.
Dividend paying stocks cannot eliminate the risk of investment losses. There is no assurance that dividend paying stocks will mitigate volatility. Dividends are not guaranteed and a company’s future ability to pay dividends may be limited. A company currently paying dividends may cease paying dividends at any time.
As of 12/31/2016, Heartland Advisors on behalf of its clients held approximately <0.01% and 0.01% of the total shares outstanding of PACCAR Inc. and Popular, Inc., respectively.
Portfolio holdings are subject to change without notice. Current and future portfolio holdings are subject to risk.
CFA® is a registered trademark owned by the CFA Institute.
Separately managed accounts and related investment advisory services are provided by Heartland Advisors, Inc., a federally registered investment advisor. ALPS Distributors, Inc., is not affiliated with Heartland Advisors, Inc.