Milwaukee—March 16, 2020—The Heartland Mid Cap Value Fund (HRMDX) has acquired the assets of the ALPS/WMC Research Value Fund in a reorganization completed on March 16th. Shareholders of the Research Value Fund approved the acquisition in a vote concluded on March 3rd.
“We are honored by the confidence the Research Value Fund shareholders have shown toward us and look forward to bringing Heartland’s time-tested process to a new group of shareholders,” said Will Nasgovitz, CEO of Heartland Advisors and President of the Heartland Funds. “The addition of these new investors is a significant boost to the Mid Cap Value Fund’s already growing scale and should help the Mid Cap Value Fund attract even greater interest in the marketplace.”
The Heartland Mid Cap Value Fund is co-managed by Colin McWey, CFA, and Nasgovitz with McWey serving as lead manager. Materials describing the Fund’s strategy, including its prospectus, are available at https://www.heartlandadvisors.com/Products/Mutual-Funds/Heartland-Mid-Cap-Value-Fund.
The reorganization, which is intended to be a tax-free transaction for federal income tax purposes, was approved last December by the board of trustees overseeing the assets and management of the ALPS/WMC Research Value Fund.
Established in 1983, Heartland Advisors, Inc. is an independently owned equity value investment manager based in Milwaukee, Wisconsin. As of December 31, 2019, the Firm managed approximately $1.4 billion. The Heartland family of value-driven, actively managed portfolios includes distinct domestic strategies, offered through four mutual funds and four separately managed accounts. Learn more at heartlandadvisors.com.