Heartland Mid Cap Value Fund Institutional Class (HNMDX)

The fund's primary objective is to deliver long-term capital appreciation while also generating a modest level of current income. Typically, a minimum of 80% of its net assets are allocated to common stocks and other equity securities of mid-capitalization companies. Its investment approach involves constructing a concentrated portfolio, generally holding between 30 and 60 mid-cap common stocks. These selections are made using a value-based methodology, with Heartland Advisors specifically targeting companies whose market prices are, in their assessment, trading below their intrinsic value.