F.A.Q.

Generally, you may make exchange transactions online by logging into your account.

Purchase transactions may also be placed online if you have pre-authorized this option. If you wish to authorize this option, please complete the Account Maintenance Form.

Heartland Funds now allows investors to open new accounts online.  To open an account, click here.

Value Plus Fund

• Small-cap fund that invests in 30 to 60 companies with market capitalizations between $250 million and $4 billion.
• Seeks long-term capital appreciation with modest current income, generally produced by small company stocks that pay dividends.

 
Value Fund

• Invests in a more broadly diversified portfolio of 145 to 270 small-cap companies.
• Also invests in micro-cap companies.
• Object is solely to produce long-term capital appreciation.

Investor Class Shares

• Are generally available to all investors with a minimum investment of $1,000.*
• Are subject to a 12b-1 fee, which may increase fund expenses.

 

Institutional Class Shares

• Are generally available to  all investors with a minimum investment of $500,000.
• Are not subject to 12b-1 fees.
• Investors in this class may pay lower expenses than investors in Investor Class Shares over time.
• For more information, please see our share class comparison page.

*Minimum waived with the establishment of an automatic investment plan.

Statements are sent out on a quarterly basis. If you prefer to receive statements on a more frequent basis, please call Shareholder Services at 1-800-432-7856.

A Medallion signature guarantee is a stamp provided by an authorized guarantor. This enables the Funds' Transfer Agent to be sure that you are the person who has authorized a transfer or redemption from your account.

A Medallion signature guarantee is required in the following situations:

• any redemption by mail, if the proceeds are to be paid to someone other than the person(s) or organization in whose name the account is registered
• if the proceeds are to be sent to an address other than the address on the account
• any redemptions by mail which request that the proceeds be wired to a bank
• any redemptions by mail of $50,000 or more
• requests to transfer the registration of shares to another owner

• The minimum initial purchase for Investor Class Shares of any Heartland fund is $1,000.
• The minimum initial investment for Institutional Class Shares is $500,000.
• The minimum investment for an IRA account in any Heartland Fund is $500.
• However, an account can be opened with a monthly automatic investment plan purchase for as little as $50 per month.

Complete our IRA Transfer Form and IRA Application and send them back to Heartland Funds. IRA transfers may take four to six weeks; however, most transfers take about three weeks.

Please check with the transferring institution before submitting your paperwork to determine if they have any special requirements for releasing funds.

For regular mail, send correspondence to:
Heartland Funds
P.O. Box 177
Denver, CO  80201-9971

For overnight mail:
Heartland Funds
c/o ALPS Fund Services
1290 Broadway, Suite 1100
Denver, CO  80203

• Call 1-800-432-7856 and speak to a Shareholder Services Representative.
• Login to your account
•  
• Send a written request to:

Heartland Funds
c/o ALPS Fund Services
P.O. Box 177
Denver, CO  80203

All account owners must sign the request.
 

Yes.

You can access your account information, such as your current dollar and share balances, and a list of your most recent account transactions, 24-hours a day, 7 days a week.

Just login to your account, or contact a Shareholder Services Representative at 1-800-432-7856 for assistance.
 

Shares can be purchased over the phone by filling out our Account Maintenance Form and pre-authorizing the option.

Once the option is established, shares can generally be purchased with same day pricing by calling 1-800-432-7856 before 4 p.m. EST on normal business days.

This deadline is determined by the closing time of the New York Stock Exchange, which does schedule earlier closing times for specific days.

A stock's P/E ratio is a tool for comparing the prices of different common stocks by assessing how much the market is willing to pay for a share of each corporation's earnings.

It is calculated by dividing the current market price of a stock by the earnings per share.

The price-to-book ratio is a measure of the net worth or equity of each share of common stock.

Book value per share is calculated by dividing the equity of a company by the total shares outstanding in a company.

Price-to-book value ratio is calculated by dividing the price of a stock by the book value per share.

Earnings yield is the reciprocal of the price to earnings ratio.

The price to earnings ratio is the current market price divided by the current earnings. For example, say you have a stock trading for $40 per share with earnings of $2 per share. The price to earnings ratio is calculated as follows:

P.E. Multiple= price/earnings — or — $40/$2= the P.E. Multiple of 20.

If we know the P.E. multiple, we can find the earnings yield by taking the reciprocal of that number:

1/20=.05 or an earnings yield of 5%.

The earnings yield is often compared with the yield on bonds to assess the relative attractiveness of investments in bonds versus stocks.

When evaluating a fund's performance, the most important thing to remember is to compare apples to apples.

For example, comparing a small company equity fund to the Russell 2000 Index is a better indication of performance than comparing a small company equity fund to the S&P 500.

In the case of the Value and Value Plus Funds, two funds that invest in small company stocks using a value-based investment philosophy, we believe the appropriate benchmark index is the Russell 2000 Value Index.
 

Total return is a measure of a fund's performance including reinvested dividends and capital appreciation.

Quoted performance figures may be calculated for different time periods, and therefore, it is important to check the time period used.

Dollar-cost averaging is a popular investment strategy, which calls for investing the same amount of money each month, quarter or year.

One advantage of this strategy is that you automatically buy more shares when the price is low and fewer shares when the price is high.

Dollar cost averaging does not assure a profit or protect against a loss in declining markets.

It involves continuous investment in securities regardless of fluctuating price levels. You should consider your financial ability to invest in both market ups and downs.