Leuthold Core Investment Fund
Data updated: 2025-02-18
C000002462 — Leuthold Core Investment Fund. United States Multi-Cap / All-Cap Blend / Core Equity · $530.13M AUM. Holdings, fees, performance and SEC filings.
C000002462 Fund Overview
Leuthold Core Investment Fund is a US mutual fund managed by Leuthold Funds Inc, categorised as United States Multi-Cap / All-Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Leuthold Funds Inc
- Category: United States Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $530.13M
- 1-year return: 7.7%
- SEC CIK: 0001000351
- SEC series ID: S000000847
- Share class ID: C000002462
C000002462 Investment Objective and Strategy
Leuthold Core Investment Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Leuthold Funds Inc.
Investment objective
Leuthold Core Investment Fund seeks capital appreciation and income (or total return) in amounts attainable by assuming only prudent investment risk over the long term.
Principal investment strategy
The Fund is a flexible fund, meaning that it allocates its investments among: ? Common stocks and other equity securities (including common stocks, preferred stocks, convertible preferred stocks, warrants, options, and American Depository Receipts, and may engage in short sales of equity securities); ? Bonds and other debt securities (including U.S. and some developed and emerging foreign government-related securities (including those issued by sovereign and local governments and their sponsored entities), U.S. and some foreign corporate securities, and securitized debts, both above and below investment grade); ? Real estate investment trusts; ? Commodities (including both physical commodities and commodity-based exchange-traded funds); and ? Money market instruments; in proportions which reflect the judgment of Leuthold Weeden Capital Management (referred to as the Adviser) of the potential returns and risks of each asset class.
The Adviser considers a number of factors when making these allocations, including economic conditions and monetary factors, inflation and interest rate levels and trends, investor confidence, and technical stock market measures. The Fund expects that normally: ? 30 % to 70 % of its net assets will be invested in common stocks and other equity securities; ? 30 % to 70 % of its net assets will be invested in bonds and other debt securities (other than money market instruments), except during prolonged periods of low interest rates; and ? up to 20 % of its assets will be invested in money market instruments. The Funds investments in common stocks and other equity securities may consist of: ? Large, mid, or small capitalization common stocks; ? Growth stocks, value stocks, or cyclical stocks; ?
Aggressive stocks or defensive stocks; ? Stocks in any industry or sector; ? Equity mutual funds and exchange-traded funds; ? Stocks in emerging and less developed markets; ? Common stocks of foreign issuers; and ? Options. In investing in equity securities and debt securities, the Fund uses a disciplined, unemotional, quantitative investment approach that is based on the belief investors can achieve superior investment performance through group selection (Select Industries Strategy). Pursuant to the Select Industries Strategy, the Adviser believes that as shifts among industry groups in the equity market have become more dramatic, group selection has become as important as individual stock selection in determining investment performance. The Adviser considers a group to be a collection of stocks whose investment performance tends to be similarly influenced by a variety of factors.
The Adviser currently monitors about 110 groups. The major types of groups the Adviser monitors as part of the Select Industries Strategy are Industry Specific Groups comprised of narrower themes. Examples include Airlines, Health Care Facilities or Semiconductors. The Adviser continuously updates its investment discipline and adjusts the Funds portfolio as necessary to keep the Fund invested in stocks in those groups which the Adviser believes are the most attractive. Such adjustments usually results in high portfolio turnover. The Fund may invest in U.S. and some foreign (developed and emerging) government-related securities, including those issued by sovereign and local governments and their sponsored entities, U.S. and some foreign corporate securities, and securitized debts. The Funds may invest in both above and below investment grade securities or mutual funds and exchange-traded funds that invest in these securities.
The Fund may engage in short sales of index-related and other equity securities to reduce its equity exposure or to profit from an anticipated decline in the price of the security sold short. The Funds investments are allocated among common stocks, corporate bonds, government bonds, real estate investment trusts, commodities (including both physical commodities and commodity-based exchange-traded funds), and cash equivalents. Portfolio weightings in these asset classes are driven by models that ( 1 ) determine the relative appeal of each asset class in relation to the others, and ( 2 ) the return potential of each asset class on an absolute, or stand-alone, basis.
C000002462 Holdings
Top 10 holdings of Leuthold Core Investment Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fidelity Government Portfolio | 12.08% |
| Treasury Bill | 3.20% |
| Microsoft Corp | 2.77% |
| Meta Platforms Inc | 2.27% |
| SPDR Portfolio Intermediate Te | 1.98% |
| US Treasury N/b | 1.85% |
| Netflix Inc | 1.69% |
| Alphabet Inc | 1.68% |
| iShares 5-10 Year Investment G | 1.53% |
| Oracle Corp | 1.47% |
C000002462 Portfolio Allocation
Asset-class allocation of Leuthold Core Investment Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 79.4% |
| Cash & Equivalents | 12.1% |
| Fixed Income | 7.9% |
C000002462 Performance
Total returns for C000002462 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 7.7% |
| 3 years (annualised) | 3.9% |
| 5 years (annualised) | 7.3% |
C000002462 Risk Information
Risk metrics for C000002462, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 10.3%
C000002462 Costs and Fees
C000002462 costs about $144 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.44%
- Gross expense ratio: 1.44%
- Portfolio turnover: 68%
- Brokerage commissions: 6.26 bps of average net assets (SEC N-CEN)
C000002462 Cashflows
Over the 12 months to 2024-12, Leuthold Core Investment Fund had net outflows of $10.11M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-12 | −$3.06M |
| 2024-11 | $13.21M |
| 2024-10 | −$7.06M |
| 2024-09 | −$820.33K |
| 2024-08 | −$1.38M |
| 2024-07 | −$5.38M |
C000002462 Debt Constituents
Largest debt holdings of Leuthold Core Investment Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Treasury Bill | 3.20% |
| US Treasury N/b | 1.85% |
| United Kingdom Gilt | 1.02% |
| France (govt Of) | 0.93% |
| JPMorgan Chase & Co. | 0.90% |
C000002462 Prospectus and SEC Filings
Official Leuthold Core Investment Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-01-30
- Prospectus (485BPOS) — filed 2023-01-30
- Prospectus (485BPOS) — filed 2022-01-28
- Portfolio holdings (N-PORT) — filed 2025-02-18
- Portfolio holdings (N-PORT) — filed 2024-11-26
- Portfolio holdings (N-PORT) — filed 2024-08-09
- Annual census (N-CEN) — filed 2024-12-05
- Annual census (N-CEN) — filed 2023-12-06
Related Funds
Other United States Multi-Cap / All-Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.