Heartland Advisors

Fund Commentary Archive

Please wait while we gather your results.

Heartland Mid Cap Value Fund 1Q23 Portfolio Manager Commentary

The market’s newfound respect for risk, after recent bank failures, is creating opportunities for fundamental investors.


Heartland Value Plus Fund 1Q23 Portfolio Manager Commentary

In this environment, balance sheet strength should be paramount for small-cap investors.


Heartland Value Fund 1Q23 Portfolio Manager Commentary

Balance sheets and business strategies finally seem to matter again following recent bank failures, giving active and fundamentally driven investors a decided advantage.


Heartland Mid Cap Value Fund 4Q22 Portfolio Manager Commentary

The shifting mood of investors has created opportunities for both high-quality and deep value stocks.


Heartland Value Plus Fund 4Q22 Portfolio Manager Commentary

Valuations and quality traits finally seem to be rewarded by this market. Balance sheet strength should be just around the corner.


Heartland Value Fund 4Q22 Portfolio Manager Commentary

In an increasingly pessimistic market where valuations matter, our optimism about finding good values in small caps is only growing.


Heartland Mid Cap Value Fund 3Q22 Portfolio Manager Commentary

Despite an early quarter rebound in riskier parts of the market, major challenges persist, as evidenced by the late-quarter slide. In such an environment, investors should be rewarded for owning high-quality assets with attractive valuations.


Heartland Value Plus Fund 3Q22 Portfolio Manager Commentary

The economic backdrop for stocks continues to deteriorate, we are focusing our attention on high-quality, low-volatility companies that can weather any market conditions.


Heartland Value Fund 3Q22 Portfolio Manager Commentary

After another volatile quarter, the speculative mindset fueled by easy money seems to be over, giving way to an environment suited for active and selective, value-minded investors.


Email Sign Up


©2023 Heartland Advisors | 790 N. Water Street, Suite 1200, Milwaukee, WI 53202 | Business Office: 414-347-7777 | Financial Professionals: 888-505-5180 | Individual Investors: 800-432-7856

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.