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 was named Chief Executive Officer of Heartland Funds in May 2006. He formerly served as Heartland's Director of Equity Research, a position he held from 2001 to 2011. Prior to joining Heartland, Dave held executive positions at Ransomes, Inc. and Casino Resource Corporation, both public companies, providing him invaluable experience in his role as a Portfolio Manager. 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, 2011, for the 10, 5, 3 and 1-year periods, the Select Value Fund's Lipper numeric rankings were 16 of 114, 12 of 219, 104 of 263 and 244 of 309, respectively. As of December 31, 2010, for the 10, 5, 3 and 1 year periods, the Select Value Fund was ranked 2 of 102, 5 of 244, 10 of 288 and 112 of 345.
Heartland Select Value (HRSVX)
Lipper has named the Select Value Fund the "best out of 240 multi-cap value funds for the five-year period" ending December 31, 2010. The awards program honors funds that "have demonstrated consistently strong risk-adjusted returns compared with peers," according to Lipper.
We believe this achievement demonstrates why the Select Value Fund is a great core holding. Consider putting this historical strength to work in your account today!
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