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Leuthold Global Fund


Overview

  • 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.
  • We adjust the exposure to each asset class to reflect our view of the potential opportunity and risk offered within that category.
  • Flexibility is central to the creation of an asset allocation portfolio that is effective in a variety of market conditions. We possess the flexibility and discipline to invest where there is value and to sell when there is undue risk.

The investment guidelines of the Leuthold Global Fund follow a 30%-70% Equity Exposure and 30%-70% Fixed Income Exposure. Additionally, at least 40% of assets will normally be invested in securities from international markets.

Leuthold Global Fund

Download the quarterly report to get the latest update in printable form on the Leuthold Global Fund including performance, statistics, and commentary.

Quarterly Report


Performance

Performance as of 06/30/2018 GLBLX GLBIX MSCI ACWI Barclay's Global Aggregate
Q2 -4.20% -4.09% 0.53% -2.78%
YTD -4.70 -4.58 -0.43 -1.46
1 Year 3.54 3.80 10.73 1.36
3 Year 3.11 3.34 8.19 2.58
5 Year 5.00 5.23 9.41 1.50
10 Year - 4.75 5.80 2.58
Since Inception (GLBLX-7/1/2008) 4.58 - 5.88 2.60
Since Inception (GLBIX-4/30/2008) - 4.62 4.97 2.44

Performance data quoted represents past performance. Past performance is no guarantee of future results. Investment returns and principal will fluctuate so that investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than performance data quoted. For performance data current to the most recent month-end, please call Leuthold Funds’ Shareholder Services, toll-free: 1-800-273-6886.

  • Barclays Global Aggregate Index provides a broad-based measure of global investment grade fixed-rate debt markets. MSCI ACWI (net) is designed to measure equity market performance of Developed and Emerging Markets. These are indexes only and cannot be invested in directly. Fund performance return figures are historical and reflect the change in share price, reinvested distributions, change in net asset value, and capital gains distributions, if any.

  • MSCI ACWI (net) is designed to measure equity market performance of Developed and Emerging Markets. Lipper Global Multi-Cap Value is composed of funds that invest in a variety of market capitalization ranges and avoid concentrating 75% of their equity assets in any one market cap range over an extended period of time. These are indexes only and cannot be invested in directly. Performance return figures are historical and reflect the change in share price, reinvested distributions, change in net asset value, and capital gains distributions, if any.

  • The Barclays Global Aggregate Index and MSCI AC World Index are indexes only and cannot be invested in directly. Fund performance return figures are historical and reflect the change in share price, reinvested distributions, change in net asset value, and capital gains distributions, if any.

Expense Ratio Disclosure: Per the Prospectus dated 1/31/18, excluding dividends on short positions and acquired fund fees, annual net operating expenses for GLBLX/GLBIX were 1.56% / 1.33%; gross operating expenses including dividends on short positions and acquired fund fees were 1.62% / 1.42%. There were no fee waivers or expense reimbursements. Please refer to the Prospectus for a more detailed explanation of the expense ratios.

Please refer to the Prospectus for a more detailed explanation of the expense ratios.


Fund Information

Symbols (Retail/Institutional): GLBLX /GLBIX
Individual Retirement Account (IRA): $1,000/$1MM
Regular (non-IRA) Account: $10,000/$1MM
CUSIP: 527289888 /527289870

*Risks of Investing
As disclosed in the prospectus, the risks of investing in the Fund include, but are not limited to, interest rate risk, market risk, short sale risk, high portfolio turnover risk, currency risk, foreign securities risk, emerging markets risk, foreign securities risk, asset allocation risk, and quantitative investment approach risk. Investing in foreign securities presents risks that may be greater than U.S. securities. These risks include, but are not limited to, currency rate fluctuations, regulatory differences, accounting standards, higher trading costs, and political risks. Please read the prospectus carefully before you invest (1-800-273-6886).


Managers

Doug Ramsey, CFA, CMT / Chief Investment Officer
Chief Investment Officer
Chun Wang, CFA, PRM / Co-Portfolio Manager
Co-Portfolio Manager
Greg Swenson, CFA / Co-Portfolio Manager
Co-Portfolio Manager

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 our documents page. 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