Our Funds
Each of the Leuthold Fund strategies fits a distinctive investment niche; investors may employ the strategies in tandem to facilitate their long-term investment goals and/or to adjust investment exposure during uncertain, volatile, or changing market environments.
ETFs
Leuthold Core ETF (LCR)
Tactical Asset Allocation
Leuthold Select Industries ETF (LST)
Long-Only Equity (U.S. traded; industry-group rotation & sector concentrations)
Mutual Funds
Leuthold Core Investment Fund (LCORX/LCRIX)
Tactical Asset Allocation (domestically focused)
Leuthold Grizzly Short Fund (GRZZX)
Short-Only Equity (actively managed)
Leuthold Global Fund (GLBLX/GLBIX)
Tactical Asset Allocation (globally focused)
Our Philosophy
Disciplined
We believe the most important decision is proper asset class selection and a highly disciplined, unemotional method of evaluating risk/reward potential across investment choices.
Exposure Matches Views
Our perspective is long-term, yet our process involves evaluating the underlying well-being of the market on an ongoing basis. We watch for indications of a shift in dynamics; when a change in reward/risk is warranted, exposure is adjusted as needed.
Flexibility
While all investment strategies are apt to experience periods of underperformance, to be most effective in a variety of market environments we believe flexibility is a key component. Our guiding disciplines combined with this flexibility helps to maximize our success.
Our Team
Sound strategies and proven investment models are nothing without the talented people to provide management and direction. The Leuthold Group is a close-knit team of experienced professionals, committed to superior investment solutions and exceptional client service.
Our History
The Leuthold Group began in 1981 as an institutional investment research firm. Founder Steve Leuthold built a research team and investment policies incorporating technical and quantitative methodologies, broad sector and industry group analysis, supply/demand dynamics, and historical intrinsic value relationships.
In 1987, The Leuthold Group established a Registered Investment Adviser offshoot to direct investment portfolios using the firm’s institutional research models as the foundation for its equity selection and asset allocation process. A policy of disciplined, unemotional, and strategic investing, backed by solid and comprehensive research, has enabled The Leuthold Group to establish a strong track record and achieve impressive client loyalty.
Latest News
July 31, 2026
Q2-26 Market Commentary & Outlook
April 29, 2026
Q1 Market Commentary & Outlook
September 9, 2026
Leuthold Funds made income dividend distributions to shareholders of record as of September 8, 2026, with the x-date and payable date of September 9, 2026.
Leuthold Analyst Greg Swenson highlighted in MarketWatch article
James J. Rogers highlights Leuthold PM Greg Swenson's report about the recent resurgence in meme stocks. Greg's research reveals that the underlying drivers of the phenomenon never really went away after the original meme-stock explosion in 2021. (Paywall may prevent full access.)
Latest Media
September 10, 2026
A Theme-Driven ETF Pivots as Valuations Stretch
Schwab Network
Leuthold's Greg Swenson talks with Schwab Network's Nicole Petallides about Leuthold Select Industries ETF (LST), an actively managed fund that rotates through industry groups and themes.
September 9, 2026
The case against 'UnAmerican' index funds
Reuters Sustainable Finance
Ross Kerber spotlights Steve Leuthold's satirical poster in an article revisiting the launch of the first index fund (Vanguard 500) and how the passive approach broke with the conventional wisdom of the time.
May 6, 2026
7 ETFs to Play a Healthcare Rebound
Barrons
Greg Swenson talks with Debbie Carlson about Health Care stocks, one of our biggest equity group overweights.(subscription required)
April 25, 2026
Cheap Private Credit Funds Draw Bargain Hunters
Bloomberg
Leuthold's Director of Investment Strategies, Scott Opsal, talks with Olivia Fishlow about renewed investor interest in private credit funds. (paywall)
April 15, 2026
What War? US Stocks Hit Record Highs
Morningstar
Leuthold PM, Greg Swenson, talks with Leslie P. Norton about market performance in the face of the Middle East conflict.
April 8, 2026
Private Credit Worries Still Brewing, Insurance Company Investment Strategist Warns
Barrons
A report by Scott Opsal, Leuthold's Director of Investment Strategies, was cited by Paul R. LaMonica: "We suggest value investors keep an eye on this group, but the first quarter’s sharp price drop, itself, is not reason enough to take the plunge.” (subscription req.)
January 15, 2026
The 'risky trinity' is the most underappreciated market threat right now.
MarketWatch
Leuthold PM and analyst Chun Wang spoke with MarketWatch reporter Barbara Kollmeyer about the convergence of AI, bitcoin, and private credit: All three are exposed to the same risk. The diversification benefit among them is just not what people think at this point.
October 24, 2025
Are Investors Ignoring Red Flags in the Stock Market?
Morningstar
Leuthold PM, Phil Segner talks with Sarah Hansen, Morningstar Sr. Reporter about the vertical path of equities.
October 13, 2025
Megacap Techs Distort US Equity Market
Finance News Network
Scott Opsal of The Leuthold Group suggests that the ‘magnificent seven’ megacap tech stocks are skewing investors’ perception of the broader US equity market.
October 11, 2025
Your S&P 500 Index Fund Might Not Be as Diverse As You Think—And You Can Blame Nvidia for That
Investopedia
Andrew Kessel reports on data from The Leuthold Group: Nvidia Corp. (NVDA) makes up about 7.3% of the S&P 500, the highest concentration of any one stock in 35 years of data from Leuthold Group.
Contact Us
The Leuthold Group
100 North 6th Street, Suite 600A
Minneapolis, MN 55403
612-332-1567
800-273-6886 (Shareholder Services)