Fund Research for Heartland Select Value (HRSVX)

  • Fund Overview

    Fund Inception Date: Oct 11, 1996
    Category: Mid-Cap Value
    Overall Risk: Average
    Fund Family: Heartland
    Return Since Inception: 9.64%
    YTD Return: 27.56%
    Yield (TTM): 0.58%
    Net Assets: 347.05 M
    Morningstar Rating:
    4 of 5

    The investment seeks long-term capital appreciation. The fund invests primarily in common stocks whose current market prices, in Heartland Advisors' judgment, are undervalued relative to their intrinsic value. It holds a limited number (generally 40 to 60) of common stocks. Using a multi-cap approach, the Fund invests in companies of all sizes, although companies normally have market capitalizations in excess of $500 million at the time of purchase.

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    Size
    Average Market Cap $5,798 M
    Market Capitalization Portfolio
    Giant 10.72%
    Large 28.43%
    Medium 44.00%
    Small 16.84%
    Micro 0.00%
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/04/2009    		 Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 12/31/1998 to 10/31/2009
    Mouseover the chart to see values for each month.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 27.56% 18.93% -1.30% 5.39% 9.78% 9.64%
    +/- Category 3.14% 3.10% 4.81% 4.05% 2.85% —
    +/- S&P 500 TR 9.47% 7.87% 5.15% 5.11% -0.95% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 26.01% 22.50% -2.02% 5.77% 9.78% 9.64%
    Quarter (as of 09/30/2009) 30.22% -0.50% -0.16% 6.38% 10.41% 9.98%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/04/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/04/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 10/11/1996
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    Information 15.42%
    Service 44.07%
    Manufacturing 38.92%

    Asset Allocation

    Short Long Net Assets
    Cash 0.00% 1.03% 1.03%
    Stocks 0.00% 99.11% 99.11%
    Bonds 0.00% 0.00% 0.00%
    Other 0.00% 0.00% 0.00%
    Foreign Stocks
    (as a % of assets)    		 0.00% 11.01% 11.01%
    Data as of 06/30/2009 Data as of 06/30/2009 View Fund Portfolio

    Top 10 Holdings

    Sector P/E Return as of 09/30/2009 Net Assets
    * CANADIAN WESTN BK EDMONTON A (CWB) Financial Services 0.02 59.13% 4.80%
    + RAYMOND JAMES FINANCIAL INC (RJF) Financial Services 18.85 32.98% 2.89%
    = GOODRICH CORP (GR) Industrial Materials 11.66 45.81% 2.71%
    + PLEXUS CORP (PLXS) Hardware 20.58 51.45% 2.71%
    = WALGREEN CO (WAG) Consumer Services 19.82 56.27% 2.66%
    + JOHNSON CTLS INC (JCI) Consumer Goods — 39.10% 2.59%
    = COVIDIEN PLC (COV) Healthcare 18.31 18.02% 2.54%
    = ADTRAN INC (ADTN) Telecom 20.57 62.23% 2.53%
    - ABB LTD (ABB) Industrial Materials 14.54 32.54% 2.50%
    = BANK OF NEW YORK MELLON CORP (BK) Financial Services — -0.04% 2.49%
    + Increase - Decrease = No change * New since last portfolio
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    P/E as of 11/09/2009
    All other data as of 06/30/2009
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial —
    Deferred —
    Taken from prospectus dated 05/01/2009
    Expense Ratio (based on net assets) 1.33%
    Taken from annual report dated 12/31/2008

  • Fund Management

    Hugh F. Denison
    Start Date: 03/01/2004
    Denison joined Heartland Advisors as a portfolio manager in 1988. Previously, he spent three years as director of research at The Milwaukee Company, five years as the chief financial officer at the Grunau Company, and 13 years in the mechanical contracting business. Denison was also an officer in the U.S. Navy for four years. He says he strictly adheres to value-investing parameters.
    David C. Fondrie
    Start Date: 03/01/2004
    Fondrie is a vice president and portfolio manager of Heartland Advisors, he joined the firm in Dec, 1994 as an equity research analyst. Previously, he had been president and chief financial officer of Ransomes, Inc. from 1987 to 1991. Fondrie holds the Certified Public Accountant designation.
    Theodore D. Baszler
    Start Date: 03/01/2004
    Baszler has been served as a portfolio manager for advisory clients of Heartland Advisors since 2001, after serving as a research analyst and associate portfolio manager from 2000 to 2001 and a senior mutual funds accountant from 1994 to 2000. Prior to joining Heartland Advisors, he had been a senior investment accountant with Firstar Trust Company from 1990 to 1994. Baszler holds the Certified Public Accountant designation and the Charted Financial Analyst designations.
    William R. Nasgovitz
    Start Date: 05/01/2006
    Nasgovitz is a portfolio manager of Heartland Advisors, he served as a research analyst from 2004 to 2006 and a research associate from Nov 2003 to 2004. Previously, Nasgovitz had been a senior research associate with Capital Markets Group, Cambridge Associates from 2000 to 2002.