Heartland Mid Cap Value Investor

Frequently Asked Questions About HRMDX

What does HRMDX invest in?

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.

What is the expense ratio of HRMDX?

Heartland Mid Cap Value Investor (HRMDX) charges an expense ratio of 1.10%. This is the annual fee deducted from fund assets to cover management and operations.

How big is HRMDX?

Heartland Mid Cap Value Investor (HRMDX) is one share class of a fund that manages $446.6M across all of its share classes (HNMDX reports the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is HRMDX actively managed or an index fund?

HRMDX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (HRMDX's is 1.10%) in exchange for the discretion to over- or under-weight positions.

When was HRMDX launched?

Heartland Mid Cap Value Investor (HRMDX) launched in November 2014 and is managed by the fund issuer.

How has HRMDX performed?

HRMDX'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.