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
Jan. 29, 2026
Q4 Market Commentary & Outlook
Nov. 4, 2025
Read Doug Ramsey's Q3-2025 Market Commentary & Near-Term Outlook
December 10, 2025
Leuthold Funds will make income distributions to shareholders of record as of December 9, 2025, with the x-date and payable date of December 10, 2025.
November 21, 2025
Leuthold provides ETF capital gains distributions with a declaration date of November 19, 2025, to shareholders of record on November 20, 2025, with the payable/reinvestment date of November 21, 2025.
Latest Media
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.
October 2, 2025
The richest Americans are more reliant on the stock market than ever. That’s a risk
CNBC
CNBC's Sarah Min cites Leuthold CIO Ramsey about the aftermath last spring's tarriff announcement
September 26, 2025
The Most-Shorted Rally Might Lose Steam
Wall Street Journal
Spencer Jakab, WJS Investing Columnist, cites Leuthold research: Analysts at Leuthold Group note that, from that original meme-stock episode through June, there were five months when the 50 most-shorted stocks beat the market by 10 percentage points or more, on average.
September 25, 2025
Catch the conversation with Doug Ramsey, Leuthold's CIO, on "Making Money with Charles Payne"
Fox Business
The Leuthold Group CIO Doug Ramsey assesses the state of the economy and reveals what is 'propping' it up on 'Making Money.' Begins at the 02.00 timestamp
September 24, 2025
A stock-market selloff could help stamp out inflation: Leuthold Group
MarketWatch
In commentary shared with Joseph Adinolfi of MarketWatch on Wednesday, Ramsey highlighted an interesting pattern in the charts. Stock-market selloffs have appeared to coincide with a near-term peak in inflation. #paywall
September 24, 2025
The Fed's Powell Sees Stocks as Expensive. That's Not His Problem.
Barrons
Leuthold's Doug Ramsey thinks the S&P 500 should be part of the "inflation-forecasting tool kit." Article by Martin Baccardax #paywall
September 17, 2025
Fed rate cuts could set stage for broader U.S. stock gains
Reuters
Lewis Krauskopf cites Doug Ramsey ahead of the Fed's rate cut decision #paywall
Contact Us
The Leuthold Group
100 North 6th Street, Suite 600A
Minneapolis, MN 55403
612-332-1567
800-273-6886 (Shareholder Services)