Heartland International Small Cap Fund to change name, strategy May 1

By Toni Weeks

San Diego, March 2 - The board of trustees of the Trust for Professional Managers has approved changes to the name, investment strategies and non-fundamental investment restrictions of the Heartland International Small Cap Fund, according to a 497 filing with the Securities and Exchange Commission.

Effective May 1, the fund's name will change to Heartland International Value Fund to better represent the new investment strategy.

Due to the removal of "small cap" from the name, the fund will no longer be required to invest 80% of its net assets in securities of small-capitalization companies.

Instead, the fund will primarily invest, under normal conditions, in non-U.S. and U.S. equity securities, including common stock, preferred stock and options, of companies with market capitalizations of up to $5 billion at the time of purchase.

The board also removed the restriction that required the fund to invest at least 80% of its net assets in investments suggested by the fund's name unless the fund's name was changed and shareholders were provided with 60 day's written notice.

Milwaukee-based Heartland Advisors, Inc. serves as the investment adviser to the fund.

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