Investment Professionals

One of Heartland's strengths lies in its team of investment professionals. The Firm has sought to bring together a passionate, gifted and energetic group of portfolio managers, researchers, and traders to apply Heartland's value philosophy. The collective experience and ability of these professionals is brought to bear as they meet with hundreds of companies each year. It is this intense firsthand contact that, together with traditional fundamental analysis, guides Heartland's investment decisions.

Seasoned investment team with over 150 years of experience as of 8/31/08*

Name	Position	Years of Industry Experience
Bill Nasgovitz	Portfolio Manager (PM)	40
Hugh Denison	PM	22
Kevin Clark	PM & Trader	21
Matthew Miner, CFA	Director of Trading	16
David Fondrie, CPA	PM	13
Bradford Evans, CFA	PM	12
Ted Baszler, CPA, CFA	PM	9
Michael Petroff	PM & Institutional Sales	8
Will Nasgovitz	PM	7
Adam Peck, CFA	PM	6
Jason Schacht	Research Analyst	6
Michael Jolin, CFA	Research Analyst	6
Joshua VanDreel	Equity Trader	4
Robert Muilenburg	Research Assistant	2
Total		172 years

Shareholder Feedback: Our mission is to provide you with superior customer service. That means listening
to you. If you have a question or comment about our investment process, please contact Mike Jolin.

* All of the members of Heartland's investment team are Registered Representatives of ALPS Distributors, Inc.

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