Leuthold Select Industries: From 160 basis points to 150 basis points.
Leuthold Global Industries: From 160 basis points, which had applied
to both institutional and retail share classes, to 125 basis points
for the institutional share class (LGIIX) and 150 basis points for the
retail share class (LGINX).
The Leuthold Group and its investment management arm Leuthold Weeden
Capital Management announced reductions in maximum net expenses for two
mutual funds, Leuthold Select Industries (NASDAQ: LSLTX) and Leuthold
Global Industries (NASDAQ: LGIIX, LGINX).
Both funds apply Leuthold’s “industry first” approach to equity
selections, with Select Industries focused on U.S. stocks and Global
Industries focused worldwide.
On August 11, the board of directors for the funds voted to lower
maximum net expenses as follows, effective immediately:
To the extent expenses may exceed the new maximums, the firm will
reimburse the funds.
For additional details, see the “Supplement to the Prospectus dated
January 31, 2014: Important Information about the Leuthold Select
Industries and Leuthold Global Industries Funds,” available at www.LWCM.com
or from the funds’ distributor.
About The Leuthold Group
Leuthold Group has produced independent research for institutional
clients for more than three decades. The experienced investment team
also manages approximately $1.7 billion in both separate accounts and
five mutual funds. Based in Minneapolis, The Leuthold Group is
recognized as a pioneer in tactical asset allocation, with a flexible
flagship strategy that has a 25-year track record. The firm’s investment
philosophy stresses quantitative measures of value combined with
recognition of fundamental and technical trends for an investment
approach that is disciplined, unemotional, and at times contrarian.
Risks of Investing in the Funds
Market Risk--Prices of common stocks may decline for a number of
reasons. The price declines of common stocks may be steep, sudden,
Foreign Securities Risk--Securities issued by foreign companies may be
less liquid and more volatile than U.S. securities, and may involve
risks such as fluctuations in currency rates, differences in financial
standards, and instability of foreign governments and economies.
High Portfolio Turnover Risk--Annual portfolio turnover may exceed 100%
and this will result in more transaction costs such as brokerage
commission or mark-ups or mark-downs. This could result in increased
taxes on realized gains for shareholders.
Quantitative Investment Approach Risk--Although the Adviser continuously
reviews and refines its strategy, there may be market conditions where
the quantitative investment approach performs poorly.
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
The Leuthold Group
John Mueller, Co-CEO
Source: The Leuthold Group