BROCHURE SUPPLEMENTS (ADV PART 2B)

Transcription

1 BROCHURE SUPPLEMENTS

2 BROCHURE SUPPLEMENT BRADFORD A. EVANS This brochure supplement provides information about Bradford A. Evans that supplements the Heartland Advisors, Inc. Brochure (ADV Part 2A). You should have received a copy of that Brochure. Please contact Ms. Vinita K. Paul if you did not receive Heartland Advisors Brochure or if you have any questions about the contents of this supplement. Additional information about Mr. Evans is available on the SEC s website at 2

3 brochure (adv part 2B) BRADFORD A. EVANS Item 2: EDUCATIONAL BACKGROUND AND BUSINESS EXPERIENCE Bradford A. Evans, CFA, born in 1972, graduated with honors from the University of Wisconsin in 1995 with a B.A. in International Relations, Russian, and Political Science. He has served as a Portfolio Manager of the Heartland Value Plus Fund since May 2006 and is a Portfolio Manager for Heartland advisory clients. He also served as a Portfolio Manager of the Heartland Value Fund from June 2004 to August Brad is a Senior Vice President and Portfolio Manager for Heartland Advisors, having rejoined the Firm in June 2004 after serving as Vice President and Research Analyst for High Rock Capital, LLC from April 2001 to June He served as Director of Equity Research from 2011 to He had previously been employed by Heartland from January 1996 to April 2001, rst as a Research Associate and then as a Research Analyst. As an advocate for small cap value investing, Brad has frequently been interviewed by the national nancial media, such as Barron s, Bloomberg, BusinessWeek, The Wall Street Journal, and CNBC. Chartered Financial Analyst (CFA) Quali cation as a CFA charterholder requires: A bachelor s degree from an accredited institution or equivalent education or work experience. Successful completion of all three exam levels of the CFA program. 48 months of acceptable professional work experience in the investment decision making process. Ful llment of local society requirements, which vary by society. Entry into a Member s Agreement, a Professional Conduct Statement, and any additional documentation requested by CFA Institute. Item 3: DISCIPLINARY INFORMATION None. Item 4: OTHER BUSINESS ACTIVITIES Brad is a registered representative of ALPS Distributors, Inc. an unaf liated broker dealer that acts as a distributor for the Heartland Funds. Item 5: ADDITIONAL COMPENSATION Brad does not receive any bonus that is based, all or in part, on the number or amount of sales, client referrals, or new accounts. Also, he does not receive any economic bene t from anyone who is not a client for providing advisory services. Item 6: SUPERVISION Brad reports to Mr. Will Nasgovitz, CEO and Portfolio Manager. Mr. Will Nasgovitz can be reached at (414) Brad s activities are also monitored by Heartland s compliance personnel and supervisory structure. In addition, Heartland s Investment Policy Committee monitors the management of client accounts. CFA and Chartered Financial Analyst are registered trademarks owned by the CFA Institute. 3

4 BROCHURE SUPPLEMENT ANDREW J. FLEMING This brochure supplement provides information about Andrew J. Fleming that supplements the Heartland Advisors, Inc. Brochure (ADV Part 2A). You should have received a copy of that Brochure. Please contact Ms. Vinita K. Paul if you did not receive Heartland Advisors Brochure or if you have any questions about the contents of this supplement. Additional information about Mr. Fleming is available on the SEC s website at 4

5 brochure (adv part 2B) ANDREW J. FLEMING Item 2: EDUCATIONAL BACKGROUND AND BUSINESS EXPERIENCE Andrew J. Fleming ( Andy ), CFA, born in 1981, graduated cum laude from Georgetown University and earned his J.D. from Marquette University Law School. He received an M.B.A. after completing the Applied Security Analysis Program at the University of Wisconsin-Madison. In February 2016, Andy began serving as Vice President, Portfolio Manager of Heartland, and a Portfolio Manager of the Heartland Value Plus Fund. From August 2015 to January 2016, Andy served as Research Analyst and Small Cap Value Plus Strategy Portfolio Manager. He joined Heartland as a Research Associate Intern in 2011 and was hired in the full-time Research Analyst position in June Before joining Heartland, Andy was an Associate with McKinley Reserve, a Wisconsin-based family of ce. Chartered Financial Analyst (CFA) Quali cation as a CFA charterholder requires: A bachelor s degree from an accredited institution or equivalent education or work experience. Successful completion of all three exam levels of the CFA program. 48 months of acceptable professional work experience in the investment decision making process. Ful llment of local society requirements, which vary by society. Entry into a Member s Agreement, a Professional Conduct Statement, and any additional documentation requested by CFA Institute. Item 3: DISCIPLINARY INFORMATION None. Item 4: OTHER BUSINESS ACTIVITIES Andy is a registered representative of ALPS Distributors, Inc. an unaf liated broker dealer that acts as a distributor for the Heartland Funds. Item 5: ADDITIONAL COMPENSATION Andy does not receive any bonus that is based, all or in part, on the number or amount of sales, client referrals, or new accounts. Also, he does not receive any economic bene t from anyone who is not a client for providing advisory services. Item 6: SUPERVISION Andy reports to Mr. Bradford A. Evans, Senior Vice President and Portfolio Manager. Mr. Evans can be reached at (414) Andy s activities are also monitored by Heartland s compliance personnel and supervisory structure. In addition, Heartland s Investment Policy Committee monitors the management of client accounts. CFA and Chartered Financial Analyst are registered trademarks owned by the CFA Institute. 5

6 BROCHURE SUPPLEMENT MICHAEL F. JOLIN This brochure supplement provides information about Michael F. Jolin that supplements the Heartland Advisors, Inc. Brochure (ADV Part 2A). You should have received a copy of that Brochure. Please contact Ms. Vinita K. Paul if you did not receive Heartland Advisors Brochure or if you have any questions about the contents of this supplement. Additional information about Mr. Jolin is available on the SEC s website at 6

7 brochure (adv part 2B) MICHAEL F. JOLIN Item 2: EDUCATIONAL BACKGROUND AND BUSINESS EXPERIENCE Michael F. Jolin, CFA, born in 1975, received his BA in Finance from Wright State University and an MBA in Applied Security Analysis from the University of Wisconsin Madison. Michael rejoined Heartland as Vice President, Portfolio Manager in May 2015, after previously serving as a Research Analyst with the Firm from June 2008 until March He has served as Portfolio Manager of the Heartland International Value Fund since July From April 2014 until May 2015, Michael served as Co Portfolio Manager, Senior Research Analyst at DePrince, Race & Zollo, Inc. Previously, he served as an Associate Analyst at Banc One Investment Advisors from 1999 to Additionally, Michael taught international investing as an adjunct professor at the University of Wisconsin Milwaukee. Chartered Financial Analyst (CFA) Quali cation as a CFA charterholder requires: A bachelor s degree from an accredited institution or equivalent education or work experience. Successful completion of all three exam levels of the CFA program. 48 months of acceptable professional work experience in the investment decision making process. Ful llment of local society requirements, which vary by society. Entry into a Member s Agreement, a Professional Conduct Statement, and any additional documentation requested by CFA Institute. Item 3: DISCIPLINARY INFORMATION None. Item 4: OTHER BUSINESS ACTIVITIES Michael is a registered representative of ALPS Distributors, Inc. an unaf liated broker dealer that acts as a distributor for the Heartland Funds. Item 5: ADDITIONAL COMPENSATION Michael does not receive any bonus that is based, all or in part, on the number or amount of sales, client referrals, or new accounts. Also, he does not receive any economic bene t from anyone who is not a client for providing advisory services. Item 6: SUPERVISION Michael reports to Mr. Robert C. Sharpe, Vice President, and Portfolio Manager of Heartland. Mr. Sharpe can be reached at (414) Michael s activities are also monitored by Heartland s compliance personnel and supervisory structure. In addition, Heartland s Investment Policy Committee monitors the management of client accounts. CFA and Chartered Financial Analyst are registered trademarks owned by the CFA Institute. 7

8 BROCHURE SUPPLEMENT COLIN P. MCWEY This brochure supplement provides information about Colin P. McWey that supplements the Heartland Advisors, Inc. Brochure (ADV Part 2A). You should have received a copy of that Brochure. Please contact Ms. Vinita K. Paul if you did not receive Heartland Advisors Brochure or if you have any questions about the contents of this supplement. Additional information about Mr. McWey is available on the SEC s website at 8

9 brochure (adv part 2B) COLIN P. MCWEY Item 2: EDUCATIONAL BACKGROUND AND BUSINESS EXPERIENCE Colin P. McWey, CFA, born in 1978, received a BS in Economics and History from Vanderbilt University. Colin has been with Heartland since 2009 and is currently a Vice President and Director of Equity Research and has served as a Portfolio Manager of the Heartland Mid Cap Value Fund since October 2014, for the Heartland Select Value Fund since February 2015, and for Heartland advisory clients since August Previously, he was a Vice President of Investment Grade Debt Capital Markets, among other roles, at Banc of America Securities LLC between 2001 and Chartered Financial Analyst (CFA) Quali cation as a CFA charterholder requires: A bachelor s degree from an accredited institution or equivalent education or work experience. Successful completion of all three exam levels of the CFA program. 48 months of acceptable professional work experience in the investment decision making process. Ful llment of local society requirements, which vary by society. Entry into a Member s Agreement, a Professional Conduct Statement, and any additional documentation requested by CFA Institute. Item 3: DISCIPLINARY INFORMATION None. Item 4: OTHER BUSINESS ACTIVITIES Colin is a registered representative of ALPS Distributors, Inc. an unaf liated broker dealer that acts as a distributor for the Heartland Funds. Item 5: ADDITIONAL COMPENSATION Colin does not receive any bonus that is based, all or in part, on the number or amount of sales, client referrals, or new accounts. Also, he does not receive any economic bene t from anyone who is not a client for providing advisory services. Item 6: SUPERVISION Colin reports to Mr. Will Nasgovitz, CEO and Portfolio Manager. Mr. Will Nasgovitz can be reached at (414) Colin s activities are also monitored by Heartland s compliance personnel and supervisory structure. In addition, Heartland s Investment Policy Committee monitors the management of client accounts. CFA and Chartered Financial Analyst are registered trademarks owned by the CFA Institute. 9

10 BROCHURE SUPPLEMENT ERIC J. MILLER This brochure supplement provides information about Eric J. Miller that supplements the Heartland Advisors, Inc. Brochure (ADV Part 2A). You should have received a copy of that Brochure. Please contact Ms. Vinita K. Paul if you did not receive Heartland Advisors Brochure or if you have any questions about the contents of this supplement. Additional information about Mr. Miller is available on the SEC s website at 10

11 brochure (adv part 2B) ERIC J. MILLER Item 2: EDUCATIONAL BACKGROUND AND BUSINESS EXPERIENCE Eric J. Miller, born in 1953, received his BA in Political Science and an MBA from Dartmouth College. He is a Vice President, Portfolio Manager with Heartland Advisors and has served as a Portfolio Manager for Heartland Advisors advisory clients and the Heartland Value Fund since February He rejoined Heartland Advisors in 2015 after previously serving as Portfolio Manager for the Value Fund from 1997 to 2006, the Select Value Fund from 1999 to 2004, and the Value Plus Fund from 2003 to Mr. Miller stepped away from Heartland when he relocated to Chicago in 2006 to serve in several roles at Advisory Research, including Managing Director, Portfolio Manager, and Research Analyst. Previously, he spent eight years at American Appraisal Associates, where he was Chief Financial Of cer and later served as Head of U.S. Appraisal Operations. Additionally, Mr. Miller was a Financial Manager at Chilton Company, and a Financial Analyst at FMC Corporation. Item 3: DISCIPLINARY INFORMATION None. Item 4: OTHER BUSINESS ACTIVITIES Eric is a registered representative of ALPS Distributors, Inc. an unaf liated broker dealer that acts as a distributor for the Heartland Funds. Item 5: ADDITIONAL COMPENSATION Eric does not receive any bonus that is based, all or in part, on the number or amount of sales, client referrals, or new accounts. Also, he does not receive any economic bene t from anyone who is not a client for providing advisory services. Item 6: SUPERVISION Eric reports to Mr. Bill Nasgovitz, Chairman and Portfolio Manager of Heartland. Mr. Bill Nasgovitz can be reached at (414) Eric s activities are also monitored by Heartland s compliance personnel and supervisory structure. In addition, Heartland s Investment Policy Committee monitors the management of client accounts. 11

12 BROCHURE SUPPLEMENT WILLIAM J. NASGOVITZ This brochure supplement provides information about William J. Nasgovitz that supplements the Heartland Advisors, Inc. Brochure (ADV Part 2A). You should have received a copy of that Brochure. Please contact Ms. Vinita K. Paul if you did not receive Heartland Advisors Brochure or if you have any questions about the contents of this supplement. Additional information about Mr. Nasgovitz is available on the SEC s website at 12

13 brochure (adv part 2B) WILLIAM J. NASGOVITZ Item 2: EDUCATIONAL BACKGROUND AND BUSINESS EXPERIENCE William ( Bill ) J. Nasgovitz, born in 1944, received a BA in Business from the University of Wisconsin Madison. Bill was formerly President and part owner of The Milwaukee Company, a registered broker/dealer. In 1984, Bill purchased a majority interest of the investment advisory subsidiary from his partners. In the fall of 1988, he and his partners sold The Milwaukee Company to Dain Bosworth, and in the same transaction Bill acquired the remaining shares of the investment advisory subsidiary and changed its name to Heartland Advisors, Inc. Bill has been a Portfolio Manager of the Heartland Value Fund since its commencement of its operations in Previously he served as a Portfolio Manager of the Heartland International Value Fund from its commencement of operations in 2010 until April He also serves as Portfolio Manager for Heartland advisory clients and had been President and Chief Executive Of cer of Heartland since its founding until January 2013, when he became Chairman and Portfolio Manager. He also is the President and a Director of Heartland Group, Inc., a registered investment company and a Director of Heartland Advisors. Bill was instrumental in the development of Heartland s 10 Principles of Value Investing, referenced in the Brochure (ADV Part 2A). A 40 year veteran of small cap investing, Bill has been featured in The New York Times, The Wall Street Journal, Barron s, and Money. Item 3: DISCIPLINARY INFORMATION None. Item 4: OTHER BUSINESS ACTIVITIES Bill is a registered representative of ALPS Distributors, Inc. an unaf liated broker dealer that acts as a distributor for the Heartland Funds. Item 5: ADDITIONAL COMPENSATION Bill does not receive any bonus that is based, all or in part, on the number or amount of sales, client referrals, or new accounts. Also, he does not receive any economic bene t from anyone who is not a client for providing advisory services. Item 6: SUPERVISION Bill, as the Chairman and Portfolio Manager, is the principal executive in Heartland s supervisory structure. Accordingly, he has direct or indirect supervisory authority over all of the Firm s investment advisory representatives, including himself. He can be reached at (414) Although Bill does not have a direct supervisor, his activities are monitored by Heartland s compliance personnel. In addition, Heartland s Investment Policy Committee monitors the management of client accounts. He is active in his community, serving on the board of Junior Achievement of Wisconsin, board member for Milwaukee College Prep, board member for the Badger Institute, and is a member of the World Presidents Organization. Bill was also a member of the U.S. Air Force from , where he achieved the rank of Captain. 13

14 BROCHURE SUPPLEMENT WILLIAM R. NASGOVITZ This brochure supplement provides information about William R. Nasgovitz that supplements the Heartland Advisors, Inc. Brochure (ADV Part 2A). You should have received a copy of that Brochure. Please contact Ms. Vinita K. Paul if you did not receive Heartland Advisors Brochure or if you have any questions about the contents of this supplement. Additional information about Mr. Nasgovitz is available on the SEC s website at 14

15 brochure (adv part 2B) WILLIAM R. NASGOVITZ Item 2: EDUCATIONAL BACKGROUND AND BUSINESS EXPERIENCE William ( Will ) R. Nasgovitz, born in 1978, received his BBA in Finance from the University of Wisconsin Madison. Will is the Chief Executive Of cer and a Director of Heartland Advisors and has served as a Portfolio Manager of the Heartland Select Value Fund since May 2006 and the Heartland Mid Cap Value Fund since February Will also serves as a Portfolio Manager for Heartland advisory clients. Will served as a Portfolio Manager of the Heartland Value Fund from February 2009 until April He has served as the Chief Executive Of cer of Heartland Group, Inc. since May He served as a Research Analyst at Heartland from 2004 to 2006 and a Research Associate from November 2003 to Prior to joining Heartland, Will was a Senior Research Associate with Capital Markets Group, Cambridge Associates from 2000 to Will is the son of Mr. Bill Nasgovitz, President and Director of Heartland Group, Inc., a registered investment company, and Portfolio Manager of the Heartland Value Fund. Will often shares his value investing market perspective with the national nancial media, including Bloomberg, MarketWatch, TheStreet, and CNBC. Will serves on the board of the Urban Ecology Center and the Discovery World Science and Technology Museum. Item 3: DISCIPLINARY INFORMATION None. Item 4: OTHER BUSINESS ACTIVITIES Will is a registered representative of ALPS Distributors, Inc. an unaf liated broker dealer that acts as a distributor for the Heartland Funds. Item 5: ADDITIONAL COMPENSATION Will does not receive any bonus that is based, all or in part, on the number or amount of sales, client referrals, or new accounts. Also, he does not receive any economic bene t from anyone who is not a client for providing advisory services. Item 6: SUPERVISION Will reports to Mr. Bill Nasgovitz, Chairman and Portfolio Manager of Heartland. Mr. Bill Nasgovitz can be reached at (414) Will s activities are also monitored by Heartland s compliance personnel and supervisory structure. In addition, Heartland s Investment Policy Committee monitors the management of client accounts. 15

16 BROCHURE SUPPLEMENT ROBERT C. SHARPE This brochure supplement provides information about Robert C. Sharpe that supplements the Heartland Advisors, Inc. Brochure (ADV Part 2A). You should have received a copy of that Brochure. Please contact Ms. Vinita K. Paul if you did not receive Heartland Advisors Brochure or if you have any questions about the contents of this supplement. Additional information about Mr. Sharpe is available on the SEC s website at 16

17 brochure (adv part 2B) ROBERT C. SHARPE Item 2: EDUCATIONAL BACKGROUND AND BUSINESS EXPERIENCE Robert C. Sharpe ( Bob ), born in 1961, received his BA in Economics from Williams College. Bob has been with Heartland Advisors since April 2013 and currently holds the title of Vice President, Portfolio Manager. He has been a Portfolio Manager of the Heartland International Value Fund since May Prior to joining Heartland Advisors, Mr. Sharpe was employed by The State Teachers Retirement System of Ohio for nearly 20 years where he held various positions. Most recently, he was the Director, International Equities and Portfolio Manager International Equities. Previously, he was an Investment Analyst with Capital Research Company. Item 3: DISCIPLINARY INFORMATION None. Item 4: OTHER BUSINESS ACTIVITIES Bob is a registered representative of ALPS Distributors, Inc. an unaf liated broker dealer that acts as a distributor for the Heartland Funds. Item 5: ADDITIONAL COMPENSATION Bob does not receive any bonus that is based, all or in part, on the number or amount of sales, client referrals, or new accounts. Also, he does not receive any economic bene t from anyone who is not a client for providing advisory services. Item 6: SUPERVISION Bob reports to Mr. Will Nasgovitz, CEO and Portfolio Manager. Mr. Will Nasgovitz can be reached at (414) Bob s activities are also monitored by Heartland s compliance personnel and supervisory structure. In addition, Heartland s Investment Policy Committee monitors the management of client accounts. 17