Insights

  • Quarterly Commentary
  • Portfolio Perspective
  • Market Insight
  • Investment Approach

3Q19 Quarterly Commentary

Opportunistic Value

With no clear narrative in place for what the economy holds in the near term, investors sought to hedge their bets.   

Fund Strategy

Mid-Cap Value

An uncertain outlook led to a volatile quarter for equities, yet the major indices ended the period up modestly.

Fund Strategy

Small-Cap Value

The ongoing rush to perceived defensive and momentum names has created a crowded trade in those areas and drove significant swings in performance for the indices throughout the period. 

Fund Strategy

Small- and Micro-Cap Value

This is only the third time in the past 35 years that the gap in valuations between large and small stocks has reached this level.

Fund Strategy

Portfolio Perspective

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Video
4/19 - 2:39
Heartland Mid Cap Value Fund Portfolio Managers Colin McWey and Will Nasgovitz

A Look at Our Mid Cap Value Strategy

The Portfolio Management Team provides an overview.

PM Perspective
3/19
Heartland Value Fund Portfolio Manager Bill Nasgovitz

How Micro-Caps Add Value to a Small-Cap Value Strategy

Micro-caps can be an overlooked source of opportunities in a small-cap strategy. Portfolio Manager Bill Nasgovitz explores the advantages and our approach to the group.

Market Insight

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Water & Wells
9/12/19
Heartland Advisors Value Investing Portfolio Manager Bill Nasgovitz

The Small Long

Why small caps may be the answer to the large-cap bubble.

Water & Wells
9/3/19
Heartland Advisors Value Investing Portfolio Manager Will Nasgovitz

Debt: Harshing Market's Mellow?

Investors may be missing some key warning signs in their pursuit of low volatility.

Water & Wells
7/23/19
Heartland Advisors Value Investing Portfolio Manager Colin McWey

A Tale of Two Tapes

Will the economy sputter or thrive? Yes.

Water & Wells
4/23/19
Heartland Advisors Value Investing Portfolio Manager Bill Nasgovitz

The Buyback Bonanza

Are share buybacks as bad as Washington D.C says? Maybe not.

Investment Approach

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PM Perspective
5/19
Heartland Advisors Value Investing Portfolio Manager Colin McWey

Why Catalysts and Context Matter

The difference between an unloved laggard and an attractive investment opportunity often begins with perception. Here is a look at internal catalysts and their importance in changing investors’ views and company results.

PM Perspective
5/19
Heartland Advisors value investing portfolio manager Colin McWey

Cash Flow: An Equalizing Force in Analysis

Cash flow helps us evaluate opportunities on an apples to apples basis regardless of industry or debt.

Video
5/19 - 1:40
Heartland Advisors Value Investing Vice President Michael Kops

Our 10 Principles of Value Investing

A look at the fundamental approach that guides every investment we make.

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Past performance does not guarantee future results.

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.

In addition to stocks of large companies, the Funds invest in small- and mid-sized companies that are generally less liquid and more volatile than large companies. The Select Value, Mid Cap Fund, and Value Plus Funds invest in a smaller number of stocks (generally 40 to 60, 30 to 60, and 40 to 70, respectively) than the average mutual fund. The performance of these holdings generally will increase the volatility of the Funds’ returns. There can be no assurance that the Mid Cap Value Fund will grow to or maintain an economically viable size, in which case the Board of Directors may determine to liquidate the Fund.

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

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. Any forecasts may not prove to be true.

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Economic predictions are based on estimates and are subject to change.

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Heartland’s investing glossary provides definitions for several terms used on this page.

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