Insider Ownership

Heartland Advisors team members owned over $43 million in the Heartland Funds as of September 30, 2024.

We believe this high level of insider ownership aligns our team members’ interests with those of our clients.

Insider ownership is an important part of our 10 Principles of Value Investing™. It can be tangible evidence of executives’ commitment to their company. Likewise, we think insider ownership in the Heartland Funds demonstrates conviction in our investment process and philosophy, with portfolio managers representing some of our most heavily-invested team members.

Portfolio Management Insider Ownership

The Statement of Additional Information provides additional details about insider ownership among the Heartland Funds Portfolio Managers and Board of Directors.