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LST
Leuthold Select Industries ETF
Long-Only Equity (equity group/sector rotation U.S. traded)

We believe that focusing on a diverse range of industries offers the potential to capture growth opportunities across various sectors of the economy. By emphasizing flexibility in industry selection and weightings, the all-cap fund seeks to capitalize on unique market dynamics and economic trends as they unfold throughout the business cycle, fostering long-term investment success.

ETF Summary

As of January 24, 2025
  • Fund Inception:
    June 19, 2000
  • Ticker:
    LST
  • Net Assets:
    $11,778,892
  • Shares Outstanding:
    331,875
  • Primary Exchange:
    NYSE
  • CUSIP:
    56167R705
  • Fund Type:
    Long-Only Equity (equity group/sector rotation U.S. traded)
  • Investment Objective:
    Capital appreciation through equity group selection and rotation
  • Management Fee:
    0.50%
  • All Remaining Other Expenses:
    0.64%
  • Acquired Fund Fee & Expenses:
    0.00%
  • Expense Reimbursement:
    0.49%
  • Total Annual Fund Operating Expenses After Expense Reimbursement:
    0.65%
  • Portfolio Managers:
  • Number of Holdings:
    110

Fund Prices

as of January 24, 2025
NAV Price
Net Asset Value $35.49 Closing Price $35.49
Daily Change $-0.03 Daily Change $-0.03
Daily Change -0.08% Daily Change -0.08%
    Premium/Discount 0%
Bid-Ask Spead (30 day median) 0.31%

Month/Quarter End Performance

as of December 31, 2024
Avg. Annualized
1 YR. 3 YR. 5 YR. 10 YR. 15 YR. 20 YR. INCEPTION
Fund NAV 13.21% 6.22% 12.67% 9.92% 10.51% 9.27% 8.88%
Closing Price 13.21% 6.22% 12.67% 9.92% 10.51% 9.27% 8.88%
Cumulative
YTD 1 MO. 3 MO. 6 MO. INCEPTION
Fund NAV 13.21% -7.05% -2.48% 4.83% 705.71%
Closing Price 13.21% -7.05% -2.48% 4.83% 705.71%

Percentage of Net Assets Name Identifier (Cusip) Shares Held Market Value
3.96% Microsoft Corp MSFT (594918104) 1,209 $536,868.54
3.40% Meta Platforms Inc META (30303M102) 711 $460,365.39
2.50% Netflix Inc NFLX (64110L106) 346 $338,246.14
2.40% Alphabet Inc GOOGL (02079K305) 1,622 $324,740.62
2.20% Oracle Corp ORCL (68389X105) 1,622 $297,799.20
1.95% PulteGroup Inc PHM (745867101) 2,289 $264,814.41
1.91% United Rentals Inc URI (911363109) 328 $258,975.68
1.84% Jabil Inc JBL (466313103) 1,440 $249,595.20
1.83% Goldman Sachs Group Inc/The GS (38141G104) 390 $248,391.00
1.62% McKesson Corp MCK (58155Q103) 372 $220,067.76
1.60% DR Horton Inc DHI (23331A109) 1,513 $216,237.96
1.55% Flex Ltd FLEX (Y2573F102) 4,759 $210,680.93
1.55% Morgan Stanley MS (617446448) 1,520 $209,486.40
1.53% Reinsurance Group of America Inc RGA (759351604) 920 $206,852.80
1.45% JPMORGAN CHASE & CO. JPM (46625H100) 742 $196,511.28
1.42% Mastercard Inc MA (57636Q104) 362 $193,123.38
1.42% T-Mobile US Inc TMUS (872590104) 880 $192,341.60
1.39% Cardinal Health Inc CAH (14149Y108) 1,467 $188,993.61
1.38% Toll Brothers Inc TOL (889478103) 1,388 $187,463.28
1.31% Cencora Inc COR (03073E105) 716 $177,911.68
1.29% Bank of America Corp BAC (060505104) 3,756 $174,729.12
1.25% Delta Air Lines Inc DAL (247361702) 2,512 $168,756.16
1.22% RenaissanceRe Holdings Ltd RNR (G7496G103) 647 $165,644.94
1.17% Citigroup Inc C (172967424) 1,950 $158,886.00
1.17% Visa Inc V (92826C839) 481 $158,826.20
1.15% Kinross Gold Corp KGC (496902404) 14,537 $155,400.53
1.10% TJX Cos Inc/The TJX (872540109) 1,214 $148,994.22
1.06% Fortinet Inc FTNT (34959E109) 1,485 $143,896.50
1.06% TE Connectivity PLC TEL (G87052109) 933 $144,325.77
1.03% Walt Disney Co/The DIS (254687106) 1,248 $139,975.68
1.02% Check Point Software Technologies Ltd CHKP (M22465104) 712 $138,469.76
1.01% Arista Networks Inc ANET (040413205) 1,061 $137,049.37
1.00% Berkshire Hathaway Inc BRK/B (084670702) 293 $135,714.67
0.98% AerCap Holdings NV AER (N00985106) 1,394 $132,416.06
0.95% AT&T Inc T (00206R102) 5,663 $128,663.36
0.92% Cargurus Inc CARG (141788109) 3,194 $124,342.42
0.92% Cisco Systems Inc CSCO (17275R102) 1,993 $124,024.39
0.92% Everest Group Ltd EG (G3223R108) 342 $124,877.88
0.90% WESCO International Inc WCC (95082P105) 617 $122,153.66
0.89% Canadian Imperial Bank of Commerce CM (136069101) 1,895 $120,522.00
0.88% IAMGOLD Corp IAG (450913108) 19,691 $118,933.64
0.88% Lennar Corp LEN (526057104) 904 $119,653.44
0.87% FIDELITY INV MMKT GOVT-I 12/31/2031 FIGXX (316175108) 117,568 $117,568.47
0.87% HCA Healthcare Inc HCA (40412C101) 375 $117,401.25
0.86% M&T Bank Corp MTB (55261F104) 583 $115,987.85
0.85% Caterpillar Inc CAT (149123101) 282 $114,951.66
0.83% Chubb Ltd CB (H1467J104) 421 $112,280.70
0.83% Taylor Morrison Home Corp TMHC (87724P106) 1,724 $112,973.72
0.82% Deutsche Bank AG DB (D18190898) 5,563 $111,260.00
0.82% Ross Stores Inc ROST (778296103) 743 $110,915.04
0.78% Huntington Bancshares Inc/OH HBAN (446150104) 6,184 $106,364.80
0.77% Allison Transmission Holdings Inc ALSN (01973R101) 877 $104,889.20
0.77% Meritage Homes Corp MTH (59001A102) 1,290 $104,464.20
0.76% Barclays PLC BCS (06738E204) 7,046 $103,012.52
0.76% Citizens Financial Group Inc CFG (174610105) 2,180 $103,462.80
0.75% Agnico Eagle Mines Ltd AEM (008474108) 1,125 $101,182.50
0.73% Raymond James Financial Inc RJF (754730109) 574 $99,095.36
0.72% PACCAR Inc PCAR (693718108) 888 $97,591.20
0.72% PayPal Holdings Inc PYPL (70450Y103) 1,101 $98,110.11
0.71% Sumitomo Mitsui Financial Group Inc SMFG (86562M209) 6,618 $96,556.62
0.69% Tenet Healthcare Corp THC (88033G407) 693 $93,956.94
0.68% Travelers Cos Inc/The TRV (89417E109) 382 $92,390.52
0.67% Match Group Inc MTCH (57667L107) 2,670 $90,940.20
0.64% Hartford Financial Services Group Inc/The HIG (416515104) 780 $86,962.20
0.64% H&R Block Inc HRB (093671105) 1,648 $87,195.68
0.63% Assurant Inc AIZ (04621X108) 404 $85,203.60
0.63% Allstate Corp/The ALL (020002101) 459 $85,406.13
0.62% Leidos Holdings Inc LDOS (525327102) 574 $83,568.66
0.61% F5 Inc FFIV (315616102) 302 $82,442.98
0.59% Qualys Inc QLYS (74758T303) 562 $80,444.68
0.59% Universal Health Services Inc UHS (913903100) 433 $80,438.41
0.59% Urban Outfitters Inc URBN (917047102) 1,377 $80,058.78
0.58% Nokia Oyj NOK (654902204) 17,420 $78,564.20
0.57% Stride Inc LRN (86333M108) 647 $77,238.86
0.57% Old National Bancorp/IN ONB (680033107) 3,377 $77,907.39
0.56% Abercrombie & Fitch Co ANF (002896207) 615 $75,903.30
0.56% Adtalem Global Education Inc ATGE (00737L103) 761 $75,810.82
0.55% KB Home KBH (48666K109) 1,123 $75,072.55
0.55% Rush Enterprises Inc RUSHA (781846209) 1,227 $75,018.78
0.54% Arch Capital Group Ltd ACGL (G0450A105) 791 $73,373.16
0.54% Columbia Banking System Inc COLB (197236102) 2,620 $73,255.20
0.54% Telefonaktiebolaget LM Ericsson ERIC (294821608) 9,570 $72,923.40
0.53% Equinox Gold Corp EQX (29446Y502) 12,158 $71,367.46
0.53% Gap Inc/The GAP (364760108) 2,901 $71,625.69
0.52% Markel Group Inc MKL (570535104) 39 $70,631.34
0.52% Virtu Financial Inc VIRT (928254101) 1,800 $71,136.00
0.51% ENCOMPASS HEALTH CORP EHC (29261A100) 721 $68,963.65
0.51% LKQ Corp LKQ (501889208) 1,820 $69,778.80
0.49% Pan American Silver Corp PAAS (697900108) 2,971 $66,609.82
0.49% Block Inc XYZ (852234103) 742 $65,793.14
0.48% Cadence Bank CADE (12740C103) 1,852 $65,134.84
0.47% Eldorado Gold Corp EGO (284902509) 4,117 $63,937.01
0.47% Global Payments Inc GPN (37940X102) 578 $63,030.90
0.46% Verizon Communications Inc VZ (92343V104) 1,575 $62,275.50
0.45% Fidelity National Information Services Inc FIS (31620M106) 774 $61,324.02
0.44% Boise Cascade Co BCC (09739D100) 471 $59,868.81
0.43% CACI International Inc CACI (127190304) 145 $58,930.90
0.43% Copa Holdings SA CPA (P31076105) 629 $57,842.84
0.43% Science Applications International Corp SAIC (808625107) 541 $58,947.36
0.42% Cummins Inc CMI (231021106) 154 $56,613.48
0.41% GMS Inc GMS (36251C103) 673 $55,980.14
0.41% IAC Inc IAC (44891N208) 1,292 $55,026.28
0.38% KBR Inc KBR (48242W106) 918 $51,683.40
0.37% White Mountains Insurance Group Ltd WTM (G9618E107) 26 $49,572.38
0.35% Harmonic Inc HLIT (413160102) 3,979 $47,111.36
0.32% Terex Corp TEX (880779103) 894 $43,662.96
0.26% Select Medical Holdings Corp SEM (81619Q105) 1,807 $35,543.69
0.25% Concentra Group Holdings Parent Inc CON (20603L102) 1,457 $34,268.64
0.25% Cash & Other Cash&Other $34,437.40
0.03% Millrose Properties Inc MRP-W (601137102) 393 $4,346.58

The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Prior to January 21, 2025, the Fund was operated as a mutual fund, not as an ETF. The ETF has the same investment objective, strategy, restrictions, and portfolio managers as the mutual fund. The quoted NAV performance reflects the mutual performance prior to the conversion date.

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. An investment in the funds involves risk, including possible loss of principal. The Prospectus contains this and other information about the Fund. For a current Prospectus, call toll-free 1-866-306-8117. Please read the Prospectus carefully before you invest. Investing involves risk, including the possibility of loss of principal.

Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. The Adviser has voluntarily agreed to reimburse fees. This agreement may change or end at any time. Performance would have been lower without expense reimbursement in effect.

Risks of Investing in the Fund

Foreign and Emerging Markets Securities Risk: Investments in securities and instruments traded in developing or emerging markets, or that provide exposure to such securities, can involve additional risks relating to political, economic, or regulatory conditions not associated with investment in U.S. securities and instruments.

Market Risks: Common stocks are susceptible to general stock market fluctuations and to volatile increases and decreases in value as market confidence and perceptions of their issuers change.

Quantitative Investment Approach Risk: The Fund utilizes a quantitative investment approach. There may be market conditions where the quantitative investment approach performs poorly.

Sector Risk: The Fund’s investing approach may dictate an emphasis on certain sectors, industries, or sub-sectors of the market. The Fund may invest more heavily in one sector, industry, or sub-sector; or may lack exposure to one or more sectors, which may adversely affect performance.

Distributor: Quasar Distributors, LLC