David C. Fondrie, CPA, joined Heartland in 1994 as a Research Analyst focusing on capital equipment, manufacturing and semiconductors. In 2004, he joined the Select Value Fund investment team as a portfolio manager. Dave currently serves as Heartland’s Director of Equity Research, a position he has held since 2001, and was named Chief Executive Officer of Heartland Funds in May 2006. Prior to joining Heartland, Dave held executive positions at companies in the private sector, which gave him invaluable experience as a portfolio manager. These private firms included Casino Resource Corporation and Ransomes, Inc. Prior to that he was a senior manager at Price Waterhouse. He has served on the Village of Shorewood Community Development Authority and the Shorewood Foundation. He is a U.S. Armed Forces veteran who served in Korea. Dave received a BBA in Business from the University of Wisconsin-Madison and is a Certified Public Accountant. In his spare time, Dave enjoys gourmet cooking, collecting fine wine, fishing and attending Wisconsin Badger football and basketball games.
The above individual is a Registered Representative of ALPS Distributors, Inc.
Annually, Lipper, an independent monitor of mutual funds, determines the fund classification winner over 3, 5 and 10 years based on the highest Lipper Leader for Consistent Return value within each eligible classification. Consistent Return reflects funds' historic returns, adjusted for volatility, relative to peers and relies on monthly data.
Lipper does not guarantee the accuracy of this information. As of December 31, 2009, for the 10, 5, 3 and 1 year periods, the Fund was ranked 2 of 103, 1 of 218, 3 of 281 and 61 of 347. The Heartland Select Value Fund had a negative average annual return for the 3 year period as of December 31, 2009. As of August 31, 2010, for the 10, 5, 3 and 1-year periods, the Fund's Lipper numeric rankings were 1 of 94, 6 of 220, 22 of 287 and 81 of 343, respectively.
Heartland Select Value (HRSVX)
Heartland Select Value Fund has been awarded the Best Multi-Cap Value Fund over the 3- and 5-year periods.
The awards were earned based on Lipper's category of highest consistent return for each time period ending December 31, 2009, among 267 and 211 funds, respectively.
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