HNMDX – Heartland Mid Cap Value Institutional Investment Strategy | Morningstar

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Strategy

The investment seeks long-term capital appreciation and modest current income. Under normal circumstances, at least 80% of the fund's net assets are invested in common stocks and other equity securities of mid-capitalization companies. It invests primarily in a concentrated number (generally 40 to 60) of mid-capitalization common stocks selected on a value basis and whose current market prices, in Heartland Advisors' judgment, are undervalued relative to their intrinsic value.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
HRMDX	Heartland Mid Cap Value Fund Investor Class	No Load	Open			Oct 31, 2014	$174.01M	1.100%	Above Average	$1,000	−$34.82M
HNMDX	Heartland Mid Cap Value Fund Institutional Class	Institutional	Open			Oct 31, 2014	$277.32M	0.850%	Average	$500,000	−$73.63M

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