Designation for the third quarter of 2018

MILWAUKEE, WI, November 20, 2018 /24-7PressRelease/ — Heartland Advisors has been awarded a “Top Guns” designation for by Informa Investment Solutions’ PSN manager database, North America’s longest running database of investment managers.

The designation is for the third quarter of 2018 based on the performance of the firm’s Mid Cap Value Strategy. The strategy is co-managed by portfolio managers Will Nasgovitz and Colin McWey, CFA.

Through a combination of Informa Investment Solutions’ proprietary performance screens, PSN Top Guns ranks products in six proprietary categories in over 50 universes. This is a well-respected quarterly ranking and is widely used by institutional asset managers and investors. Informa Investment Solutions is part of Informa Financial Intelligence, a leading provider of critical decision-making solutions and custom services to financial institutions.

Top Guns firms are awarded a rating ranging from one to six stars, with the number of stars representing continued performance over time. Heartland was named a Top Gun with a star rating of four. Products with this rating must have an R-Squared of 0.80 or greater relative to the style benchmark for the recent five-year period. Moreover, returns must have exceeded the appropriate style benchmark for the three latest three-year rolling periods. The top ten returns for the latest three-year period then become the Top Guns.

The complete list of PSN Top Guns and an overview of the methodology can be found at

About Heartland
Established in 1983, Heartland Advisors, Inc. is an independently owned equity value investment manager based in Milwaukee, Wisconsin. As of September 30, 2018, the Firm managed approximately $1.7 billion. The Heartland family of value-driven, actively managed portfolios includes distinct U.S. strategies offered through four mutual funds and four separately managed accounts. Learn more at

Past performance does not guarantee future results.

The Mid Cap Value Strategy seeks long-term capital appreciation by investing in mid-size companies as defined by the market capitalization range of the Russell Midcap® Index. This focused portfolio seeks companies with strong underlying business franchises priced at a discount to their intrinsic worth that have temporarily fallen out of favor.

The Mid Cap Value Strategy invests in mid–sized companies on a value basis. Mid-sized securities generally are more volatile and less liquid than those of larger companies.

Value investments are subject to the risk that their intrinsic value may not be recognized by the broad market.

Investing involves risk, including the potential loss of principal.

There is no guarantee that a particular investment strategy will be successful.

The Heartland Funds are distributed by ALPS Distributors, Inc.

Separately managed accounts and related investment advisory services are provided by Heartland Advisors, Inc., a federally registered investment advisor. ALPS Distributors, Inc., is not affiliated with Heartland Advisors, Inc.

CFA® is a registered trademark owned by the CFA Institute.

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