Heartland Advisors

Fund Commentary Archive

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Heartland Mid Cap Value Fund 4Q23 Portfolio Manager Commentary

With conventional wisdom convinced of a Goldilocks scenario, investors would be wise to get back to investing basics.


Heartland Value Plus Fund 4Q23 Portfolio Manager Commentary

While it’s impossible to ignore today’s speculative environment, it’s imperative to stay true to one’s principles and process.


Heartland Value Fund 4Q23 Portfolio Manager Commentary

Even after small value stepped out of the shadows of giant tech stocks in the quarter, they seem historically cheap relative to large caps.


Heartland Mid Cap Value Fund 3Q23 Portfolio Manager Commentary

In a quarter filled with sound and fury, it paid to ignore the noise.


Heartland Value Plus Fund 3Q23 Portfolio Manager Commentary

In a market fixated on the economy, investors should focus on things they can control—like prudent security selection.


Heartland Value Fund 3Q23 Portfolio Manager Commentary

Why this challenging year for small caps could turn fruitful for investors who patiently wait for fat pitches over the plate.


Heartland Mid Cap Value Fund 2Q23 Portfolio Manager Commentary

Large, speculative growth stocks have been in charge lately, but there’s a strong case for well-selected mid-cap value going forward.


Heartland Value Plus Fund 2Q23 Portfolio Manager Commentary

After a frustrating quarter, now is not the time to get distracted by the market’s bright and shiny objects.


Heartland Value Fund 2Q23 Portfolio Manager Commentary

Why a quarter dominated by seven giant tech stocks is actually signaling better times ahead for small value.


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

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 Funds' prospectus. To obtain a prospectus, please call 800-432-7856 or visit heartlandadvisors.com. 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 Mid Cap Value and Value Plus Funds invest in a smaller number of stocks (generally 40 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. 

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

Sector and Industry classifications are sourced from GICS®.The Global Industry Classification Standard (GICS®) is the exclusive intellectual property of MSCI Inc. (MSCI) and S&P Global Market Intelligence (“S&P”).  Neither MSCI, S&P, their affiliates, nor any of their third party providers (“GICS Parties”) makes any representations or warranties, express or implied, with respect to GICS or the results to be obtained by the use thereof, and expressly disclaim all warranties, including warranties of accuracy, completeness, merchantability and fitness for a particular purpose.  The GICS Parties shall not have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of such damages.

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.

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

The Heartland Funds are distributed by ALPS Distributors, Inc.