GLBLX Fees and Costs — Leuthold Global Fund, Retail Class
Data updated: 2026-08-26
The net expense ratio is 2.32% (2.59% before fee waivers). This share class carries a redemption fee of 2.00%. In fiscal 2025 the fund paid $19K in broker commissions, 0.0985% of average net assets, and portfolio turnover was 64%.
GLBLX Fees and Expenses
Annual operating expenses and sales charges of GLBLX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.42% |
| Gross expense ratio | 2.59% |
| Fee waiver | — |
| Net expense ratio | 2.32% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
GLBLX Costs Over Time
On $10,000 invested in GLBLX, assuming 5% a year before costs, total costs come to $1,470 over 5 years, cutting the return by 2.54% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 2.32%) | $244 | $749 | $1,279 |
| Trading costs (broker commissions) | $10 | $32 | $54 |
| Lost growth on money paid in costs | $0 | $39 | $137 |
| Total costs | $254 | $820 | $1,470 |
| Value after costs | $10,246 | $10,756 | $11,292 |
| Impact on return, per year | 2.54% | 2.54% | 2.54% |
GLBLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0985%
- Total broker commissions: $19K
- Bought from dealers (principal trades, not a cost): $2.5M
- Portfolio turnover (prospectus): 64%
- Securities lending: none during the year
GLBLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Macquarie Capital (USA) Inc. | $11K | 60.91% |
| Fidelity Brokerage Services LLC | $7K | 38.84% |
| Cowen Execution Services LLC | $47 | 0.25% |
GLBLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Raymond James & Associates Inc. | $2.5M | 100.00% |
Leuthold Global Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GLBIX | Institutional Class | 2.07% | — |
| GLBLX | Retail Class | 2.32% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.