Leuthold Funds has reduced the investment advisory fee for the Leuthold Global Fund effective February 13, 2017. Click here to review Prospectus Supplement.
Leuthold Global Fund
- 30% - 70% Fixed Income Exposure
- 40% + International Securities
|Individual Retirement Account (IRA):||$1,000|
|Regular (non-IRA) Account:||$10,000|
|Automatic Investment Plan (AIP):||$50|
|Automatic Investment Plan (Non-AIP):||$100|
|Dividend Reinvestment:||No minimum|
Performance Note: Performance data quoted represents past performance. Past performance is no guarantee of future results. Investment returns and principal will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than performance data quoted. For performance data current to the most recent month-end, please call Leuthold Funds’ Shareholder Services, toll-free: 1-800-273-6886.
- MSCIAC World Index represents both the developed and the emerging markets for a particular region; it includes 48 markets. MSCIAC World Index is an index only and cannot be invested in directly. Fund performance return figures are historical and reflect the change in share price, reinvested distributions, change in net asset value, and capital gains distributions, if any.
- The MSCIAC World Index is an index only and cannot be invested in directly. Fund performance return figures are historical and reflect the change in share price, reinvested distributions, change in net asset value, and capital gains distributions, if any.
Expense Ratio Disclosure:
Per Prospectus dated 1/31/17 and the Prospectus Supplement dated 2/15/17, GLBLX and GLBIX net operating expenses were 1.31% and 1.16%, respectively (excluding dividends on short positions and acquired fund fees). Gross operating expenses were 1.68%, and 1.43% respectively (including dividends on short positions and acquired fund fees).
Please refer to the Prospectus for a more detailed explanation of the expense ratios.
The objective of the Leuthold Global Fund is to seek capital appreciation and income (or “total return”) in amounts attainable by assuming only prudent investment risk over the long term.
This Fund has a level of flexibility that is atypical of most mutual fund policies. Investments are allocated in varying degrees across a broad range of asset classes and typically include a combination of: stocks, bonds, money market instruments and alternative investments from around the world.* The allocations are tailored to the underlying investment environment, based on the Advisor’s consideration of potential risk and reward among asset class opportunities in the global marketplace.
The investment guidelines of the Leuthold Global Fund follow a 30%-70% Equity Exposure and 30%-70% Fixed Income Exposure. Additionally, at least 40% of assets will normally be invested in securities from international markets. Under extreme market conditions, there may be a departure from these basic guidelines. In investing in common stocks and other equity securities, the Leuthold Global Fund will utilize our proprietary Global Group Selection Strategy, which is a disciplined, unemotional, quantitative investment approach that is based on the belief investors can achieve superior investment performance through equity group selection and rotation.
The Leuthold Global Fund offers both a Retail Share Class (GLBLX) and an Institutional Share Class (GLBIX).
As with all Leuthold Fund investment methodologies, asset allocation and stock selection continue to be driven by quantitative, disciplined philosophies that are hallmarks of the management and analysis team of the Funds’ Advisor, Leuthold Weeden Capital Management.
*Risks of Investing
As disclosed in the prospectus, the risks of investing in the Leuthold Global Fund include, but are not limited to, interest rate risk, market risk, short sale risk, high portfolio turnover risk, currency risk, foreign securities risk, emerging markets risk, foreign securities risk, asset allocation risk, and quantitative investment approach risk. Investing in foreign securities presents risks that may be greater than U.S. securities. These risks include, but are not limited to, currency rate fluctuations, regulatory differences, accounting standards, higher trading costs, and political risks. Please read the prospectus carefully before you invest (1-800-273-6886).
Investors should consider the investment objectives, risks, charges and expenses of the investment company carefully before investing. The Prospectus contains this and other information about the Fund. For current Prospectus, call toll-free 800-273-6886, or go to www.LeutholdFunds.com. Please read the Prospectus carefully before you invest.
Not FDIC Insured ~ No Bank Guarantee ~ May Lose Value Distributor: Rafferty Capital Markets, LLC, Garden City, NY 11530