Leuthold Core Investment Fund Retail Class LCORX Strategy

The investment seeks capital appreciation and income. The fund is a "flexible" fund which allocates its investments among common stocks and other equity securities, bonds and other debt securities, REITs, commodities, money market instruments in proportions which reflect the judgment of Leuthold Weeden Capital Management. under normal market conditions, the fund’s net assets will be invested approximately: 30% to 70% of its net assets in common stocks and other equity securities; 30% to 70% in common stocks and other equity securities; 10% to 70% in bonds and other debt securities; and 0% to 20% in cash or cash equivalent investments.