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HEARTLAND GROUP, INC.
FORM N-1A
CROSS-REFERENCE SHEET
TO POST-EFFECTIVE AMENDMENT NO. 27
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Form N-1A
Item No. Prospectus Heading
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PART A
1. Cover Page ........................ Cover Page
2. Synopsis .......................... Fund Expenses; Prospectus Supplement dated
February 26, 1997
3. Condensed Financial
Information........................ Financial Highlights
4. General Description of
Registrant ........................ Description of Fund Shares; Investment Objectives
and Policies; Prospectus Supplement dated
February 26, 1997
5. Management of the Fund ............ The Fund and the Heartland Organization; How to
Buy Shares; Net Asset Value Calculation;
Portfolio Transactions
5A. Management's Discussion
of Fund Performance ............... Not applicable. See Annual Report
6. Capital Stock and Other
Securities......................... Description of Fund Shares; Dividends,
Distributions and Taxes; Shareholder Services
7. Purchase of Securities Being
Offered ........................... How to Buy Shares; Net Asset Value Calculation;
How to Redeem Shares
8. Redemption or Repurchase .......... How to Redeem Shares
9. Pending Legal Proceedings ......... None
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PART B
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10. Cover Page ........................ Cover Page
11. Table of Contents ................. Cover Page
12. General Information and
History............................ Introduction to the Heartland Funds
13. Investment Objectives and
Policies .......................... Investment Objective and Policies; Investment
Restrictions; Appendix A - Securities Ratings
14. Management of the Fund............. Management
15. Control Persons and Principal
Holders of Securities.............. Control Persons and Principal Holders of Securities
16. Investment Advisory and
Other Services .................... The Investment Advisor
17. Brokerage Allocation .............. Portfolio Transactions
18. Capital Stock and Other
Securities......................... Description of Shares
19. Purchase, Redemption and
Pricing of Securities
Being Offered ..................... Determination of Net Asset Value Per Share
20. Tax Status ........................ Tax Status
21. Underwriters ...................... Distribution of Shares
22. Calculation of Performance
Data .............................. Performance Information
23. Financial Statements .............. Financial Statements
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Rule 497(e)
Reg. No. 33-11371
File No. 811-4942
HEARTLAND SMALL CAP CONTRARIAN FUND
HEARTLAND VALUE FUND
HEARTLAND MID CAP VALUE FUND
HEARTLAND LARGE CAP VALUE FUND
HEARTLAND VALUE PLUS FUND
HEARTLAND U.S. GOVERNMENT SECURITIES FUND
SUPPLEMENT DATED FEBRUARY 26, 1997 TO
PROSPECTUS DATED OCTOBER 11, 1996
Fee Waiver for the Heartland U.S. Government Securities Fund Effective March
31, 1997
Effective March 31, 1997, Heartland Advisors, Inc. will voluntarily waive an
additional portion of its management fee with respect to the Heartland U.S.
Government Securities Fund, resulting in a management fee after waivers of
0.25% of the Fund's average daily net assets. Heartland Advisors may reinstate
all or a portion of its fee at any time. For a description of current Fund
expenses, refer to page 4p of the Prospectus.
Upcoming Changes to the Heartland U.S. Government Securities Fund
Effective March 31, 1997, certain changes will be made to the investment
program of the Heartland U.S. Government Securities Fund. Under normal market
conditions and with the exception of those assets invested in short-term liquid
reserves or options and futures, the Fund intends to invest all of its assets
in U.S. Government securities. As a result, beginning on the effective date,
the Fund will no longer include the ability to invest up to 35% of its total
assets in corporate debt or convertible securities as part of its investment
program.
In addition, although there will be no duration restrictions for the Fund or
the individual obligations in its portfolio, it is anticipated that the Fund
will maintain an average portfolio duration within three to six years.
