Leuthold Hedged Equity Fund (Retail and Institutional Shares)
Fund Document Downloads
The Leuthold Hedged Equity Fund seeks capital appreciation and income (or “total return”) by establishing long and short positions in common stock and other equity securities.
Investment Objective
The Leuthold Hedged Equity Fund seeks capital appreciation and income (or “total return”) by establishing long and short positions in common stock and other equity securities.
*Note: See Short Selling Risk Disclosure below.
Investment Strategy
The Leuthold Hedged Equity Fund will generally try to maintain equal weightings of gross long exposure and gross short exposure. The Fund may invest in companies of all sizes and industries as well as in “growth” stocks and “value” stocks.
In investing in common stock and other equity securities for the long exposure, the Fund generally utilizes the investment strategy for the Leuthold Select Industries Fund. This strategy reflects our belief that industry group rotation, based on changing economic and market conditions, holds the greatest potential for long-term performance. Our disciplined, unemotional and quantitative investment strategy enables us to generate more complete analyses of this industry group universe, attempting to identify the highest rated stocks within the attractively rated groups.
The Fund may use other quantitative investments strategies, including, but not limited to, the investment strategy of the Leuthold Select Equities Fund and the “Undervalued & Unloved Fund in varying proportions depending on market conditions.
In investing in common stock and other equity securities for short exposure, the Fund generally uses the investment strategy of the Grizzly Short Fund. We use a disciplined, unemotional and quantitative investment approach to select the investments for the Grizzly Short investment strategy. 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.
*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.
Share Classes
The Leuthold Hedged Equity Fund offers both a Retail Share Class and an Institutional Share Class.
For additional mutual fund strategy specifics, please contact Ed Favreau, Managing Director, at 888-200-0409, or email efavreau@leutholdfunds.com.
