GLBLX: Leuthold Global Retail

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GLBLX Leuthold Global Retail


Profile

GLBLX - Profile

Vitals

  • YTD Return -2.7%
  • 3 Yr Annualized Return -4.9%
  • 5 Yr Annualized Return -4.9%
  • Net Assets $34.5 M
  • Holdings in Top 10 25.3%

52 WEEK LOW AND HIGH

$8.08
$7.90
$8.43

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.88%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 93.77%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $10,000
  • IRA $1,000

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style World Allocation

Distributions

  • YTD Total Return -2.7%
  • 3 Yr Annualized Total Return -1.9%
  • 5 Yr Annualized Total Return -0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.27%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Leuthold Global Fund
  • Fund Family Name
    Leuthold
  • Inception Date
    Jul 01, 2008
  • Shares Outstanding
    887231
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Douglas Ramsey

Fund Description

The fund is a "flexible" fund which allocates its investments among common stocks and other equity securities, bonds and other debt securities, money market instruments in proportions which reflect the judgment of Leuthold Weeden Capital Management. It invests at least 40% of its assets in securities from international markets, unless market conditions are not deemed favorable by the adviser, in which case the fund may invest less than 40% of its assets in securities.


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Categories

Performance

GLBLX - Performance

Return Ranking - Trailing

Period GLBLX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.7% -9.3% 0.4% 16.16%
1 Yr -0.7% -9.1% 5.0% 49.46%
3 Yr -4.9%* -4.9% 4.6% 100.00%
5 Yr -4.9%* -4.9% 3.8% 100.00%
10 Yr -1.6%* -1.6% 5.3% 100.00%

* Annualized

Return Ranking - Calendar

Period GLBLX Return Category Return Low Category Return High Rank in Category (%)
2019 8.2% 1.3% 18.1% 82.80%
2018 -19.6% -25.7% -7.6% 96.47%
2017 6.5% 5.7% 18.2% 90.54%
2016 -7.7% -7.7% 19.0% 100.00%
2015 -5.4% -21.2% 0.0% 35.00%

Total Return Ranking - Trailing

Period GLBLX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.7% -9.3% 0.4% 16.16%
1 Yr -0.7% -9.1% 5.0% 49.46%
3 Yr -1.9%* -3.7% 5.2% 89.19%
5 Yr -0.5%* -3.1% 4.6% 59.32%
10 Yr 2.8%* 0.6% 7.0% 75.00%

* Annualized

Total Return Ranking - Calendar

Period GLBLX Return Category Return Low Category Return High Rank in Category (%)
2019 8.2% 1.3% 18.1% 82.80%
2018 -19.5% -25.7% -6.3% 96.47%
2017 16.6% 8.5% 21.5% 32.43%
2016 1.4% 1.4% 19.8% 98.59%
2015 -1.8% -20.2% 0.6% 18.33%

NAV & Total Return History


Holdings

GLBLX - Holdings

Concentration Analysis

GLBLX Category Low Category High GLBLX % Rank
Net Assets 34.5 M 2.99 M 49.6 B 91.09%
Number of Holdings 225 3 761 43.96%
Net Assets in Top 10 5.8 M 0 12.2 B 96.70%
Weighting of Top 10 25.26% 0.0% 99.6% 55.06%

Top 10 Holdings

  1. United States Treasury Notes 2.5% 3.65%
  2. Invesco CurrencyShares® Japanese Yen 3.47%
  3. SPDR® Gold Shares 3.31%
  4. iShares Intermediate-Term Corp Bd ETF 2.53%
  5. iShares MSCI ACWI ETF 2.40%
  6. iShares JP Morgan USD Em Mkts Bd ETF 2.33%
  7. iShares MBS ETF 2.18%
  8. iShares MSCI EAFE ETF 2.15%
  9. France (Republic Of) 1.25% 1.66%
  10. Invesco CurrencyShares® Euro Currency 1.57%

Asset Allocation

Weighting Return Low Return High GLBLX % Rank
Stocks
53.93% 0.00% 259.02% 98.00%
Cash
26.31% 0.00% 80.09% 9.89%
Bonds
16.33% -235.37% 19.68% 17.00%
Other
3.30% 0.00% 19.91% 20.88%
Convertible Bonds
0.11% 0.00% 0.30% 16.48%
Preferred Stocks
0.00% 0.00% 2.12% 85.71%

Stock Sector Breakdown

Weighting Return Low Return High GLBLX % Rank
Financial Services
27.48% 0.00% 27.48% 2.25%
Technology
21.31% 0.08% 23.46% 5.62%
Healthcare
13.14% 0.00% 17.48% 16.85%
Communication Services
9.48% 0.00% 24.08% 35.96%
Industrials
8.79% 3.80% 29.81% 56.18%
Consumer Cyclical
6.78% 1.11% 24.34% 38.20%
Basic Materials
6.68% 1.16% 36.84% 41.57%
Consumer Defense
5.76% 0.01% 12.65% 60.67%
Energy
0.58% 0.01% 51.36% 97.75%
Utilities
0.00% 0.00% 11.34% 98.88%
Real Estate
0.00% 0.00% 50.28% 98.88%

Stock Geographic Breakdown

Weighting Return Low Return High GLBLX % Rank
US
32.03% -0.17% 65.72% 63.74%
Non US
21.90% 0.00% 59.80% 94.51%

Bond Sector Breakdown

Weighting Return Low Return High GLBLX % Rank
Cash & Equivalents
61.78% 0.00% 100.00% 35.16%
Government
23.62% 0.00% 50.41% 46.15%
Corporate
9.81% 0.00% 84.67% 46.15%
Securitized
4.79% 0.00% 28.39% 13.19%
Derivative
0.00% 0.00% 18.46% 81.32%
Municipal
0.00% 0.00% 0.16% 82.42%

Bond Geographic Breakdown

Weighting Return Low Return High GLBLX % Rank
US
9.06% -0.92% 58.00% 35.16%
Non US
7.27% -54.45% 19.23% 15.38%

Expenses

GLBLX - Expenses

Operational Fees

GLBLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.88% 0.22% 7.11% 14.58%
Management Fee 0.90% 0.00% 1.60% 90.10%
12b-1 Fee 0.25% 0.00% 1.00% 54.84%
Administrative Fee 0.05% 0.04% 0.25% 12.82%

Sales Fees

GLBLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.75% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

GLBLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 2.00% 2.00% 75.00%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GLBLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 93.77% 0.00% 268.00% 71.88%

Distributions

GLBLX - Distributions

Dividend Yield Analysis

GLBLX Category Low Category High GLBLX % Rank
Dividend Yield 0.00% 0.00% 10.14% 85.15%

Dividend Distribution Analysis

GLBLX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Quarterly

Net Income Ratio Analysis

GLBLX Category Low Category High GLBLX % Rank
Net Income Ratio 0.27% -1.06% 4.76% 92.71%

Capital Gain Distribution Analysis

GLBLX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

GLBLX - Fund Manager Analysis

Managers

Douglas Ramsey


Start Date

Tenure

Tenure Rank

Apr 30, 2008

11.76

11.8%

Doug is the Chief Investment Officer of The Leuthold Group, LLC, and a Portfolio Manager. In addition to his CIO and Portfolio Management responsibilities heading both the asset allocation and investment strategy committees, Doug maintains the firm’s proprietary Major Trend Index – a multi-factor model which evaluates the underlying health of the markets, both domestically and globally. He is also the lead writer for The Leuthold Group’s highly regarded institutional research publications. Doug is an accomplished speaker and has presented at a range of engagements, including the Morningstar Investment Conference, CFA societies across the U.S., Minnesota CPA Society, Minneapolis Business Bank, and a variety of Advisor and private client events throughout the country. Additionally, Doug is frequently used as a resource by the financial press, including appearances on CNBC and Bloomberg TV; he is quoted regularly in Barron’s and is often referred to by the leading trade journals for a variety of topics. He is a member of the Charles Dow Award committee, and the Market Technicians Association. Prior to joining the Leuthold team, Doug was Chief Investment Officer of Treis Capital in Des Moines, Iowa, where he managed equity portfolios and published a quantitative equity research product. Prior to that he worked at Principal Global Investors. Doug is a Phi Beta Kappa graduate of Coe College in Cedar Rapids, IA, where he earned a Bachelor’s degree in Economics and Business Administration. He also played four years of varsity basketball at Coe, earning Academic All-America honors in 1986-87. Doug received an MA degree in Economics from The Ohio State University in 1990; he earned his CFA designation in 1996 and became a Chartered Market Technician in 2003.

Chun Wang


Start Date

Tenure

Tenure Rank

Jan 31, 2010

10.01

10.0%

Chun is a Senior Analyst and Portfolio Manager. Chun is also a member of the asset allocation committee and the investment strategy committee. In addition to his Portfolio Management responsibilities, Chun is a contributing writer to The Leuthold Group's highly regarded institutional publications. Chun performs both top-down and bottom-up research to identify significant cross-asset trends and themes among major asset classes including global equities, fixed income, and currencies. Prior to joining the Leuthold team in June 2009, Chun was a Quantitative Equities Portfolio Manager and Head of Quantitative Research at LIM Advisors, a Hong-Kong based Asia-Pacific focused multi-strategy hedge fund. Prior to that, Chun was with Ned Davis Research for 11 years as Director of Research & Development, responsible for quantitative product development and a quantitative research publication called Quantitative Review. Chun also worked as an equity analyst with Shanghai International Securities in China. In addition to his global experience, Chun has a BS degree in Economics from Xiamen University and a MS degree in Economics from the University of Florida. Chun holds a number of professional designations and certifications including the Chartered Financial Analyst (CFA), Professional Risk Manager (PRM), Certified JAVA Programmer, SAS Certified Professional, and the Certificate in Financial Engineering from UC Berkeley.

Greg Swenson


Start Date

Tenure

Tenure Rank

Jun 30, 2015

4.59

4.6%

In addition to theLeuthold SP Sector Rotation ETF Portfolio, Greg is a Co-Portfolio Manager for the Leuthold Select Industries, Leuthold Global Industries, Grizzly Short, Leuthold Core, and Leuthold Global Funds. He is also a member of the investment strategy committee and contributes to The Leuthold Group's institutional research publications. He joined The Leuthold Group in 2006 to aid in the development of the Global Industries framework and continues to monitor and enhance the quantitative disciplines that drive Leuthold's equity strategies. Before joining The Leuthold Group, he worked for FactSet Research Systems in Chicago as a Consultant and Account Executive.  While working for FactSet Greg worked extensively with the research team at Leuthold. Greg is a CFA charterholder and graduated with honors from the University of Iowa with a Bachelor of Business Administration in Finance.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 17.12 5.58 7.5