Heartland Mid Cap Value Fund Investor Class (HRMDX)

Fund Assets	497.22M
Expense Ratio	1.10%
Min. Investment	$1,000
Turnover	72.00%
Dividend (ttm)	0.16
Dividend Yield	1.05%
Dividend Growth	45.20%
Payout Frequency	Annual
Ex-Dividend Date	Dec 19, 2025

Previous Close	15.41
YTD Return	17.20%
1-Year Return	14.94%
5-Year Return	40.23%
52-Week Low	12.81
52-Week High	15.74
Beta (5Y)	0.76
Holdings	63
Inception Date	Oct 31, 2014

About HRMDX

Heartland Mid Cap Value Fund Investor Class is a mutual fund focused on providing investors with exposure to U.S. mid-cap value stocks. Its primary aim is long-term capital appreciation through an actively managed portfolio that typically holds between 40 and 60 companies with mid-sized market capitalizations, as defined by the Russell Midcap Value Index. The fund emphasizes investing in dividend-paying companies that appear undervalued based on fundamental analysis, and it strategically diversifies holdings between value and deep value stocks to help navigate market cycles and reduce risk of underperformance in any one segment. Key features include a disciplined, catalyst-driven selection process, with stock selection as the main driver of returns rather than sector allocation. The fund’s portfolio spans several sectors, with recent significant allocations to healthcare, real estate, energy, financial services, technology, and industrials. The goal is to deliver steady returns while leveraging the growth potential of mid-cap companies that may be overlooked by broader market participants. Heartland Mid Cap Value Fund Investor Class is benchmarked against the Russell Midcap Value Index and is designed for investors seeking targeted exposure to mid-cap value equities within a concentrated, actively managed structure.

• Fund Family: Heartland
• Category: Mid-Cap Value
• Performance Rating: Below Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: HRMDX
• Share Class: Investor Class
• Index: Russell MidCap Value CR

Performance

HRMDX had a total return of 14.94% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.94%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
HNMDX	Institutional Class	0.85%

Top 10 Holdings

31.17% of assets

Name	Symbol	Weight
Teledyne Technologies Incorporated	TDY	4.45%
EOG Resources, Inc.	EOG	4.22%
Public Storage	PSA	3.44%
Exelon Corporation	EXC	3.31%
Becton, Dickinson and Company	BDX	3.16%
J.B. Hunt Transport Services, Inc.	JBHT	2.79%
NOV Inc.	NOV	2.73%
MarketAxess Holdings Inc.	MKTX	2.66%
Keysight Technologies, Inc.	KEYS	2.31%
Bbh Repo 2.98 08/03/2026	n/a	2.09%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 19, 2025	$0.28696	Dec 19, 2025
Dec 20, 2024	$0.7985	Dec 20, 2024
Dec 27, 2023	$0.2658	Dec 27, 2023
Dec 28, 2022	$0.67553	Dec 28, 2022
Dec 29, 2021	$3.22668	Dec 29, 2021
Dec 29, 2020	$0.05786	Dec 29, 2020

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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