Heartland Mid Cap Value Fund Institutional Class

Frequently Asked Questions About HNMDX

What does HNMDX invest in?

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.

What is the expense ratio of HNMDX?

Heartland Mid Cap Value Fund Institutional Class (HNMDX) charges an expense ratio of 0.85%. This is the annual fee deducted from fund assets to cover management and operations.

How big is HNMDX?

Heartland Mid Cap Value Fund Institutional Class (HNMDX) manages $495.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is HNMDX actively managed or an index fund?

HNMDX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was HNMDX launched?

Heartland Mid Cap Value Fund Institutional Class (HNMDX) launched in November 2014 and is managed by the fund issuer.

How has HNMDX performed?

HNMDX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.