2 / 5 Stars
2 2 3 3 1
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
3 / 5 Stars
U.S. News evaluated 112 Mid-Cap Value Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Note: Profile written for different share class.
The fund has returned 23.22 percent over the past year, 13.16 percent over the past three years, 18.37 percent over the past five years, and 10.15 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||5.4%|
|3 Years (Annualized)||13.2%|
|5 Years (Annualized)||18.4%|
|10 Years (Annualized)||10.1%|
Heartland Select Value's name can be misleading.
As of July 03, 2014, the fund has assets totaling almost $685.62 million invested in 56 different holdings. Its portfolio consists of shares of companies that span the market-cap spectrum.
Don't let the name fool you. Unlike many funds with "select" in their title, this one doesn't sport a compact, high-octane portfolio. Rather, it features a steady, fairly diversified approach that has, over the long haul, led to respectable results. As of the end of 2010, management owned shares of more than 50 companies. No single holding accounted for more than 3 percent of the fund's assets. And while it is technically a mid-cap fund, it holds shares of companies with a variety of market caps. Lately, the fund has been struggling to find its footing. In 2010, it finished the year in the bottom 15 percent of its Morningstar category. Meanwhile, this year investors have seen tepid returns. The fund has returned 23.22 percent over the past year and 13.16 percent over the past three years.
Historically, this fund has done a solid job of singling out undervalued companies. Since 2001, the fund has only finished three years in the top fifth of its Morningstar category. Nonetheless, its level-headed approach has paid off, and as of the end of the first quarter, its trailing 10-year returns beat those of the broader market as well as the average for its Morningstar peer group. The fund has returned 18.37 percent over the past five years and 10.15 percent over the past decade.
According to the fund's prospectus: "The Select Value Fund is designed for investors who seek long-term capital appreciation from a diversified, actively managed portfolio of stocks of all sizes. It is constructed as a core value holding for investors who can accept the volatility and other investment risks of the broad-based equity markets, but want to manage these risks by investing in companies believed to be undervalued relative to their intrinsic value."
Role in Portfolio
Morningstar calls the fund a "supporting player."
A team of four managers runs the fund.
Heartland Select Value Fund Class Institutional has an expense ratio of 0.88 percent.
Like all stock funds, this one comes with some risks.