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Heartland Select Value Fund Receives Lipper Award For Performance Over 10-Year Period

Today the Heartland Select Value Fund (HRSVX) received a 2012 Lipper Award for industry-leading risk-adjusted returns. The Fund was honored as #1 in the Multi-Cap Value Fund category for the 10-year period ended December 31, 2011 (out of 113 funds).

2012 marks the sixth consecutive year the Heartland Select Value Fund has received a Lipper Award over a three, five, or ten-year period.

Said Dave Ribbens, Senior Vice President and Head of Distribution, “We think part of what makes Heartland special is our disciplined application of value investing principles, consistently over time. Therefore it’s a huge honor to be recognized as a performance leader over a 10-year time period.”

Co-managed by David Fondrie, Will Nasgovitz, Ted Baszler and Hugh Denison, the Select Value Fund is a true multi-cap stock fund designed as a core equity holding. Small-, mid-, and large-cap market capitalizations are always represented in the Fund.

Said co-manager Will Nasgovitz, “To us, what’s especially gratifying about this 10-year award is how it speaks to the success of a true multi-cap approach over time. In the Select Value Fund, we can zero in on the best opportunities irrespective of market capitalization ranges. We think that’s a powerful advantage.”

Like each of the Heartland Funds, the Select Value Fund is managed based on Heartland’s 10 Principles of Value Investing™, which have guided Heartland’s investment philosophy since its founding more than 25 years ago.

About Heartland

Heartland Advisors, Inc. is an independently owned Milwaukee-based firm established in 1983 and renowned as America’s Value Investor®. As of February 29, 2012, the firm managed approximately $5.2 billion for institutional and high net worth clients and the Heartland family of value-driven mutual funds, which include the Heartland Value Fund (Investor: HRTVX), Heartland Value Plus Fund (Investor: HRVIX), Heartland Select Value Fund (Investor: HRSVX), and Heartland International Small Cap Fund (HINVX). Learn more at and

An investor should consider the Funds’ investment objectives, risk and charges and expenses carefully before investing or sending money. This and other important information can be found in the Funds’ prospectus. To obtain a Heartland Funds’ prospectus, please call 1-800-432-7856 or visit . For the Heartland International Small Cap Fund prospectus, please call 1- 877-484-6838 or visit . Please read the prospectus carefully before investing.

Past performance does not guarantee future results.

The value of the Fund's investments will vary from day to day in response to the activities of individual companies and general market and economic conditions, which may cause loss of principal.

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