Heartland Mid Cap Value Investor
HRMDX
NASDAQ15.21
USD
+0.12
- -
CIK
0000809586
ISIN
US4223528153
CUSIP
422352815
Return %
Stock
S&P500
1Y
10.62
19.01
3Y
13.42
65.48
5Y
-4.52
72.20
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Milwaukee, WI 53202 Bridgewater NJ United States of America 08807
- IPO Date
- Nov 3, 2014
- CIK
- 0000809586
- Website
- hardingloevner.com
- Similar Companies
- Business
- Heartland Mid Cap Value Fund Investor Class (HRMDX) is an actively managed open-end mutual fund that seeks long-term capital appreciation by investing primarily in mid-cap value stocks, with a focus on dividend-paying companies; it employs a dual-basket approach comprising 40-60 holdings split between value and deep value categories to mitigate cyclical risks and drive outperformance relative to the Russell Midcap Value Index. The fund targets mid-sized companies with market capitalizations consistent with the Russell Midcap Value Index (generally $2.5 billion to $15 billion or aligned ranges), emphasizing specific catalysts to unlock intrinsic value through disciplined stock selection; approximately 82.6% of assets are allocated to dividend-paying equities, with top sectors including industrials, utilities, consumer staples, energy, and real estate. Investor Class shares (ticker: HRMDX, CUSIP: 422352815) feature a minimum initial investment of $1,000 ($500 for IRAs), no front-end load, a 1.10% net expense ratio after waivers (through at least April 5, 2027), and a 2% redemption fee if sold within 10 days; an Institutional Class (HNMDX) is available with a $500,000 minimum and 0.85% net expense ratio. Launched on October 31, 2014, and managed by Heartland Advisors, Inc. (founded in 1983 and headquartered at 790 N. Water Street, Suite 1200, Milwaukee, Wisconsin), the fund operates within the U.S. mid-cap value segment, serving individual, high-net-worth, and institutional investors through brokerage platforms across the United States. The portfolio maintains 60 holdings as of September 30, 2025, with total net assets of approximately $522 million ($195 million in Investor Class), a median market cap of $17.8 billion, weighted average market cap of $29.6 billion, and trailing 12-month turnover of 64.8%; top holdings include Teledyne Technologies Inc. (4.5%), Public Storage (4.0%), Exelon Corp. (3.4%), The Hershey Company (3.2%), and EOG Resources Inc. (3.2%), representing 31.8% of net assets. Portfolio management is led by Colin McWey (since inception), Will Nasgovitz (since February 2015), and Troy McGlone (since January 2021), applying Heartland's proprietary 10 Principles of Value Investing across its suite of value-oriented mutual funds and separately managed accounts totaling about $1.9 billion in assets under management. Recent developments include a prospectus update dated May 1, 2025, reaffirming operating expense limitations through April 5, 2027; quarterly portfolio manager commentaries noting strategic pivots toward self-help margin improvement strategies amid improving small- and mid-cap earnings growth; and a year-to-date 2025 dividend declaration of $0.11232 ordinary plus $0.68618 long-term capital gain per Investor Class share (paid December 2024).