Heartland Mid Cap Value Fund (HRMDX)
Under normal circumstances, at least 80% of the fund's net assets are invested in common stocks and other equity securities of mid-capitalization companies. It invests primarily in a concentrated number (generally 40 to 60) of mid-capitalization common stocks selected on a value basis and whose current market prices, in Heartland Advisors' judgment, are undervalued relative to their intrinsic value.
Fund Info
US4223528153
422352815
Oct 31, 2014
$1,000
Mid-Cap
Value
Expense Ratio
HRMDX has a high expense ratio of 1.10%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Heartland Mid Cap Value Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Heartland Mid Cap Value Fund had a return of 1.63% year-to-date (YTD) and 1.99% in the last 12 months. Over the past 10 years, Heartland Mid Cap Value Fund had an annualized return of 3.65%, while the S&P 500 had an annualized return of 11.31%, indicating that Heartland Mid Cap Value Fund did not perform as well as the benchmark.
HRMDX
1.63%
-0.36%
-7.14%
1.99%
3.57%
3.65%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of HRMDX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.30% | 1.63% | |||||||||||
| 2024 | -1.96% | 2.07% | 5.59% | -4.88% | 1.88% | -1.06% | 5.95% | 1.69% | 0.47% | -3.05% | 5.33% | -11.95% | -1.40% |
| 2023 | 7.84% | -2.55% | -1.92% | 0.47% | -3.74% | 8.35% | 5.16% | -3.13% | -4.19% | -3.91% | 5.90% | 4.39% | 11.98% |
| 2022 | -2.82% | 1.30% | 2.49% | -5.44% | 2.18% | -6.63% | 7.18% | -4.11% | -7.62% | 12.37% | 4.97% | -9.35% | -7.60% |
| 2021 | 0.23% | 8.04% | 6.94% | 5.70% | 0.50% | -1.31% | 0.76% | 0.75% | -1.74% | 3.61% | -4.65% | -12.08% | 5.20% |
| 2020 | -4.49% | -9.92% | -20.51% | 13.86% | 5.04% | 1.10% | 2.17% | 3.38% | -2.43% | 3.74% | 14.88% | 5.30% | 6.93% |
| 2019 | 11.01% | 2.52% | -0.53% | 5.13% | -8.33% | 6.88% | 1.03% | -5.44% | 4.22% | 1.38% | 2.38% | 2.46% | 23.49% |
| 2018 | 3.75% | -4.18% | -0.50% | 1.43% | 0.42% | 0.83% | 3.78% | 1.27% | -1.09% | -5.85% | 2.52% | -17.23% | -15.64% |
| 2017 | 0.00% | 2.62% | -0.17% | -0.83% | -2.75% | 3.17% | -0.91% | -3.10% | 3.46% | 0.33% | 4.75% | -4.01% | 2.17% |
| 2016 | -5.95% | 0.69% | 7.88% | 3.39% | 2.15% | 0.60% | 2.99% | 1.93% | 0.95% | 0.09% | 9.11% | 2.42% | 28.67% |
| 2015 | -3.16% | 5.50% | 0.68% | -1.82% | 0.98% | -2.23% | -1.68% | -5.24% | -3.93% | 6.42% | 2.91% | -5.91% | -8.05% |
| 2014 | 1.20% | 0.41% | 1.62% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HRMDX is 7, meaning it’s performing worse than 93% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Heartland Mid Cap Value Fund (HRMDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Heartland Mid Cap Value Fund provided a 0.82% dividend yield over the last twelve months, with an annual payout of $0.11 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.11 | $0.11 | $0.10 | $0.07 | $0.29 | $0.06 | $0.10 | $0.13 | $0.09 | $0.08 | $0.07 | $0.03 |
Dividend yield | 0.82% | 0.83% | 0.69% | 0.56% | 2.15% | 0.45% | 0.80% | 1.34% | 0.76% | 0.69% | 0.71% | 0.32% |
Monthly Dividends
The table displays the monthly dividend distributions for Heartland Mid Cap Value Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.29 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.06 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2014 | $0.03 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Heartland Mid Cap Value Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Heartland Mid Cap Value Fund was 44.12%, occurring on Mar 23, 2020. Recovery took 172 trading sessions.
The current Heartland Mid Cap Value Fund drawdown is 14.89%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -44.12% | Sep 24, 2018 | 376 | Mar 23, 2020 | 172 | Nov 24, 2020 | 548 |
| -29.07% | Nov 4, 2021 | 228 | Sep 30, 2022 | — | — | — |
| -22.31% | Apr 16, 2015 | 209 | Feb 11, 2016 | 128 | Aug 15, 2016 | 337 |
| -10.37% | Jan 29, 2018 | 9 | Feb 8, 2018 | 132 | Aug 17, 2018 | 141 |
| -7.94% | Mar 2, 2017 | 120 | Aug 21, 2017 | 70 | Nov 29, 2017 | 190 |
Volatility
Volatility Chart
The current Heartland Mid Cap Value Fund volatility is 3.23%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.