* Performance of the unmanaged S&P 500 Index includes reinvestment of dividends and distributions.
All performance presented reflects past performance. Past performance is no guarantee of future results. Investment returns and principal will fluctuate so that investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than performance quoted. For performance data current to the most recent month end, call Leuthold Shareholders Services, toll-free, 1-800-273-6886.
2009 Year-End Income Dividend and Capital Gain Distributions: The following table shows the income dividend and capital gain distributions for the Leuthold Funds. The record date is December 29, 2009. The x-date and payable date is December 30, 2009. Note: The distributions will have a negative effect on the NAV of the corresponding Funds.
Fund
Income Dividends
Capital Gains
LAALX
$0.0119
None
LAAIX
$0.0119
None
GLBLX
$0.0100
None
GLBIX
$0.0100
None
UGLYX
$0.0165
None
Other Leuthold Funds
None
None
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 Funds. For current Prospectus, call toll-free, 1-800-273-6886, or download from our web site: www.LeutholdFunds.com. Please read the Prospectus carefully before you invest.
Performance for the periods ended 12/31/09:
Funds
Qtr
1 Year
3 Year
5 Year
10 Year
Since Inception
Inception Date
LAALX
+7.15%
+30.24%
+0.09%
N/A
N/A
+1.43%
05/24/2006
LAAIX
+7.14%
+30.61%
N/A
N/A
N/A
-0.02%
01/31/2007
GLBLX
+5.94%
+31.72%
N/A
N/A
N/A
-0.93%
07/01/2008
GLBIX
+6.05%
+32.03%
N/A
N/A
N/A
-1.18%
04/30/2008
LCORX
+3.61%
+27.49%
+3.25%
+7.19%
+9.00%
+9.91%
11/20/1995
LCRIX
+3.55%
+27.65%
+3.36%
N/A
N/A
+4.82%
01/31/2006
LSEQX
+4.89%
+13.28%
-9.92%
N/A
N/A
-8.45%
05/24/2006
LSLTX
-0.62%
+18.62%
-2.19%
+5.63%
N/A
+6.36%
06/19/2000
UGLYX
+6.85%
+28.42%
-7.13%
N/A
N/A
-6.14%
11/14/2006
GRZZX
-3.79%
-47.17%
-0.73%
-3.64%
N/A
-1.52%
06/19/2000
LGCTX
+1.82%
N/A
N/A
N/A
N/A
+17.30% *
07/22/2009
LGCIX
+1.91%
N/A
N/A
N/A
N/A
+17.40% *
07/22/2009
LHEQX
-2.20%
N/A
N/A
N/A
N/A
-6.50% *
07/22/2009
LHEIX
-2.09%
N/A
N/A
N/A
N/A
-6.30% *
07/22/2009
*Inception to Date performance is not annualized.
Annual Fund Operating Expenses, as noted in the Funds' Prospectus, dated January 31, 2010:
Expense Ratios
Gross
Net (1)
Net (2)
LAALX
1.52%
1.32%
N/A
LAAIX
1.29%
1.09%
N/A
GLBLX
1.95%
1.77%
N/A
GLBIX
1.70%
1.52%
N/A
LCORX
1.33%
1.14%
N/A
LCRIX
1.21%
1.02%
N/A
GRZZX
3.57%
1.47%
N/A
LSEQX
1.57%
N/A
N/A
LSLTX
1.39%
N/A
N/A
UGLYX
1.56%
N/A
1.50%
LGCTX
2.28%
N/A
1.85%
LGCIX
2.03%
N/A
1.85%
LHEQX
3.02%
2.14%
N/A
LHEIX
2.77%
1.89%
N/A
(1) Total Fund Operating Expenses excluding dividends and interest on short positions, and Acquired Fund Fees and Expenses. (2) The Advisor has agreed to waived its advisory fees to the extent necessary to insure that the net expenses (excluding dividends and interest on short positions and acquired fund fees) do not exceed 1.85% of the average daily net assets for LGCTX and LGCIX; and 1.50% of the average daily net assets for UGLYX.
For a detailed explanation of these expense ratios, please review the Funds' Prospectus.
All performance presented reflects past performance. Past performance is no guarantee of future results. Investment returns and principal will fluctuate so that investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than performance quoted. For performance data current to the most recent month end, call Leuthold Shareholders Services, toll-free, 1-800-273-6886.
As disclosed in the prospectus, the Grizzly Short Fund and the Leuthold Hedged Equity Fund have additional risks associated with short selling, including market risk, short sale risk, rising stock market risk, high portfolio turnover risk, and overvaluation investment approach risk.
Please read the prospectus carefully before you invest (1-800-273-6886).
DOFU: 02-01-2010