Investing in small company and value stocks presents certain additional risks. While during some periods, the stocks of small companies have performed better than the stocks of large companies, during other periods large cap stocks have outperformed small cap stocks. Stocks of small companies tend to be more volatile and may have a smaller public market than stocks of large companies. Small companies may have a shorter history of operations than large companies, may not have the ability to raise capital as easily as large companies, and may have a less diversified product line, making them more susceptible to market pressure. Value investments are subject to the risk that their intrinsic values may never be recognized by the broad market.
Holdings are subject to change.
Discussions of portfolio holdings are intended as illustrations of investment strategy, not recommendations. Past performance of a portfolio security does not guarantee future results of that security or of the Fund. The Russell 2000 Index is an unmanaged index of stocks considered representative of the small cap market. Click on the following link to view the article after reading the disclosure. Heartland Advisors, Inc.