Leuthold Funds has reduced the investment advisory fee for the Leuthold Global Fund effective February 13, 2017. Click here to review Prospectus Supplement.
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 Funds. For current Prospectus, call toll-free, 1-800-273-6886, or download from our web site: www.LeutholdFunds.com. Please read the Fund's Prospectus carefully before you invest.
December 2016 Income Dividend Distributions: The following table shows the income dividend distributions for the Leuthold Funds. The record date is December 14, 2016. The x-date and payable date is December 15, 2016. Note: The distributions will have a negative effect on the NAV of the corresponding Funds.
November 2016 Capital Gain Distributions: The following table shows the capital gain dividend distributions for the Leuthold Funds. The record date is November 16, 2016. The x-date and payable date is November 17, 2016. Note: The distributions will have a negative effect on the NAV of the corresponding Funds.
|Fund||Short-term Cap Gain||Long-Term Cap Gain||Total Cap Gain|
Performance for the periods ended 12/31/16:
|Funds||Qtr||1 Year||3 Year||5 Year||10 Year||Since Inception||Inception Date|
All performance presented reflects past performance. Past performance is no guarantee of future results. Investment returns and principal will fluctuate so that investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than performance quoted. For performance data current to the most recent month end, call Leuthold Shareholders Services, toll-free, 1-800-273-6886.
Annual Fund Operating Expenses, as noted in the Leuthold Funds' Prospectus, dated January 31, 2017, and the Leuthold Funds' Supplement to the Prospectus dated February 15, 2017:
|Expense Ratios (1)||Gross||Net (2)|
(1) The Expense Ratios, excluding dividends and interest on short positions, and Acquired Funds Fees and Expenses, are as follows: LCORX 1.17%, LCRIX 1.05%, GLBLX 1.31%, GLBIX 1.16%, and GRZZX 1.52%. (2) The Adviser has agreed to waive its advisory fees to the extent necessary to insure that the net expenses (excluding dividends and interest on short positions and acquired fund fees) do not exceed 1.50% of the average daily net assets for LSLTX, and LGINX; and do not exceed 1.25% of average daily net assets for LGIIX. The Adviser may recover waived fees in any of the following three years, but in no event may the Fund's expenses exceed the expense limitation.
For a detailed explanation of these expense ratios, please review the Fund's Prospectus.
As disclosed in the prospectus, the risks of investing in the Leuthold Funds may include, but are not limited to, interest rate risk, market risk, short sale risk, small/medium capitalization risk, high portfolio turnover risk, credit risk, currency risk, foreign securities risk, emerging markets risk, and quantitative investment approach risk. Please read the prospectus carefully before you invest (1-800-273-6886).