Heartland Advisors

Oversight & Governance

Heartland Funds Board of Directors

Heartland Funds Value Mutual Funds Board of DirectorsAn independent Board of Directors is responsible for the management of the Heartland Funds, as well as providing broad supervision of business operations.

The Board meets quarterly to review the investments, performance, and expenses of the Funds. It also establishes, monitors, and reviews numerous policies and procedures governing the business conduct of Heartland.

The Statement of Additional Information provides further information about the Board and its Directors.

Directors

Ward D. Armstrong
Armstrong has been a Director since February 2008. He has extensive experience in developing, evaluating, and monitoring asset management portfolios. He has a strong background and knowledge base in selling, marketing, and distributing mutual fund shares, and he previously served as a director on the boards of two other asset management firms.

Experience:

  • ALPS Series Trust, Board of Trustees, 2016-present
  • NorthRock Partners, Managing Partner, 2010-2015
  • Ameriprise Trust Company, Chairman, 1996-2007
  • Ameriprise Financial, Senior Vice President, 1984-2007
  • American Express Asset Management Group, President, 2002-2004

Dianna Gonzales-Burdin 
Gonzales-Burdin has been a Director since April 2022. She has significant investment industry, investment strategy assessment, portfolio management and business experience, as well as a strong knowledge of capital markets, operations and risk assessment in the mutual fund industry.

Experience:

  • Optimum Funds, Board Director, 2022-present
  • Strategic Investment Group, Managing Director and Head of Global Equities, 1991-2021
  • Barclays Global Investors, various roles prior to 1991

Dale J. Kent
Kent has been a Director since August 2003, and he is Chair of the Audit Committee. He has strong knowledge of accounting, compliance, and risk assessment in the mutual fund industry. He has supervised numerous audits of mutual funds and hedge funds, as well as provided audit and related services to asset managers and securities firms.

Experience:

  • West Bend Mutual Insurance of Wisconsin, Executive Vice President and CFO, 2002-2017
  • Arthur Andersen, Partner, 1986-2002
  • Arthur Andersen, various capacities, 1974-1985

Dina Tantra
Tantra has been a Director since April 2022 and is Chair of the Board. She has an extensive background in financial services business strategy, legal and compliance. Through her experience and senior leadership roles, she possesses a strong knowledge of operations, compliance and risk assessment in the mutual fund industry.

Experience:

  • Boston Trust & Walden Funds, Board of Trustees, 2021-present
  • Thornburg Income Builder Opportunities Trust, 2020-present
  • Global Rhino, LLC, Co-Chief Executive Officer, 2018-present
  • CCO Technology, LLC, Chief Strategy Officer, 2019-2023
  • Ultimus Fund Solutions, Executive Vice President, 2017-2018
  • Foreside Financial Services, LLC, Managing Director, 2016-2017
  • Advisers Investment Trust, Board of Directors, 2012-2017
  • Beacon Hill Fund Services, Director and General Counsel, 2008-2016
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Will Nasgovitz

Nasgovitz is CEO and Portfolio Manager of the Mid Cap Value Fund and the Value Fund, as well as their corresponding Mid Cap Value and Small Cap Value Strategies. He is also President and Director of Heartland Funds. He has 24 years of industry experience, 20 at Heartland.

Fund Officers

Officers manage the daily business operations of the Funds under the Board’s direction and supervision.

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Heartland Advisors Value Investing Nicole Best

Nicole J. Best

Vice President, Treasurer, and Principal Accounting Officer

Heartland Advisors Value Investing Portfolio Manager Will Nasgovitz

Will Nasgovitz

CEO and Portfolio Manager

Heartland Advisors Value Investing Vinita Paul

Vinita K. Paul

Vice President, Chief Compliance Officer, Anti-Money Laundering Officer, and Secretary

©2024 Heartland Advisors | 790 N. Water Street, Suite 1200, Milwaukee, WI 53202 | Business Office: 414-347-7777 | Financial Professionals: 888-505-5180 | Individual Investors: 800-432-7856

CIPM is a registered trademark owned by CFA Institute.

Nicole J. Best, Will Nasgovitz, and Vinita K. Paul are registered representatives of ALPS Distributors, Inc.

The Heartland Funds are distributed by ALPS Distributors, Inc.

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