Benchmark: Russell Midcap® Value Index
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| Investor
Class ($) | Institutional
Class ($) |
|---|
| Initial Investment | 1,000 | 500,000 |
| IRA Initial Investment | 500 | 500,000 |
| Subsequent Investments | 100 | 100 |
Shareholder Fees
Paid directly from total investment
|
|
Investor
Class (%) |
Institutional
Class (%) |
|
Load |
0 |
0 |
|
Sales Charge |
0 |
0 |
|
Exchange Fee |
0 |
0 |
|
Redemption Fee* |
2 |
2 |
*If shares are redeemed or exchanged within 10 days of purchase
Annual Fund Operating Expenses
Paid annually as a percentage of total investment value*
| |
Investor Class (%) |
Institutional
Class (%) |
| Management Fee |
0.75 |
0.75 |
| 12b-1 Distribution Fee |
0.22 |
0.00 |
| Other Expenses |
0.20 |
0.20 |
| Total Annual Fund Operating Expenses |
1.17 |
0.95 |
| Fee Waiver and/or Expense Reimbursement |
-0.07 |
-0.10 |
| Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement** |
1.10 |
0.85 |
*As stated in the prospectus dated 5/1/2024
**Pursuant to an operating expense limitation agreement between Heartland Advisors and Heartland Group, Inc., on behalf of the Fund, Heartland Advisors has agreed to waive its management fees and/or pay expenses of the Fund to ensure that the Fund’s total annual fund operating expenses (excluding frontend or contingent deferred sales loads, taxes, leverage, interest, brokeragecommissions, expenses incurred in connection with any merger or reorganization, dividends or interest expenses on short positions, acquired fund fees and expenses, or extraordinary expenses) do not exceed 1.10% of the Fund’s average daily net assets for the Investor Class Shares and 0.85% for the Institutional Class Shares through at least April 5, 2026, and subject to the annual renewal of the agreement by the Board of Directors thereafter. This operating expense limitation agreement can be terminated only with the consent of the Board of Directors.