Grizzly Short Fund
Fund Document Downloads
Investment Objective
The Grizzly Short Fund seeks capital appreciation by identifying companies whose stocks are expected to decline in price and selling those stocks short. Short selling refers to the practice of selling shares of stock in the belief that the price of that stock may decline, thereby enabling the Fund to then buy it back at a lower price. For our Grizzly Short Fund, the aggregate amount of its outstanding short positions typically will be approximately equal to its outstanding net assets.
(*Note: see Short Selling Disclosures below.)
Investment Strategy
As with each of our Funds, we use a disciplined, unemotional and quantitative investment approach to select the investments for the Grizzly Short Fund. Stocks are chosen from a universe of domestic common stocks (excluding small caps) that have a market capitalization in excess of $1.5 billion and trade, on average, shares having a value of $6 million or more each day. Only those stocks that demonstrate high liquidity are selected for the Fund portfolio. An important determining factor is the stock’s Vulnerability Index, a proprietary formula that attempts to identify those stocks that may be poised to decline in price or underperform the market.
The investment guidelines of the Grizzly Short Fund are based upon a system implemented in 1990 to manage individual portfolios with a similar investment objective. Please see the prospectus for more details and historical performance data.
*Note: Short selling carries additional risks which may have a negative effect on performance, including: market risk, short sale risk, rising stock market risk, high portfolio turnover risk, and overvaluation investment approach risk. These risks are explained in more detail in the fund's prospectus. For current prospectus, select link at the top of this page, or call Toll-Free 800-273-6886. Please read the prospectus carefully before you invest.
For additional mutual fund strategy specifics, please contact Ed Favreau, Managing Director, at 888-200-0409, or email efavreau@leutholdfunds.com
