LCORX: Leuthold Core Investment Fund - MutualFunds.com

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Leuthold Core Investment Retail

LCORX - Snapshot

Vitals

  • YTD Return 6.2%
  • 3 Yr Annualized Return 2.5%
  • 5 Yr Annualized Return 4.9%
  • Net Assets $533 M
  • Holdings in Top 10 37.0%

52 WEEK LOW AND HIGH

$20.33
$15.78
$20.42

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.32%

SALES FEES

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

BROKERAGE FEES

  • Turnover 66.68%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

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

Fund Classification


Compare LCORX to Popular Tactical Allocation Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$11.98

+0.08%

$14.56 B

3.58%

$0.43

0.84%

0.22%

$11.43

-0.09%

$3.66 B

2.56%

$0.29

5.93%

0.76%

$8.07

+0.12%

$2.80 B

3.31%

$0.27

-2.54%

1.53%

$9.92

+0.41%

$2.54 B

1.30%

$0.13

2.69%

1.30%

$18.46

-0.22%

$1.48 B

1.65%

$0.31

24.06%

0.33%

LCORX - Profile

Distributions

  • YTD Total Return 6.2%
  • 3 Yr Annualized Total Return 2.5%
  • 5 Yr Annualized Total Return 4.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.48%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Leuthold Core Investment Fund
  • Fund Family Name
    Leuthold
  • Inception Date
    Nov 20, 1995
  • Shares Outstanding
    13942853
  • 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, REITs, commodities, money market instruments in proportions which reflect the judgment of Leuthold Weeden Capital Management. It normally invests 30% to 70% of its net assets in common stocks and other equity securities; 30% to 70% of its net assets in bonds and other debt securities, except during prolonged periods of low interest rates; and up to 20% of its assets in money market instruments.


LCORX - Performance

Return Ranking - Trailing

Period LCORX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.2% -18.8% 52.0% 34.02%
1 Yr 3.7% -17.8% 67.2% 34.02%
3 Yr 2.5%* -8.0% 17.5% 44.68%
5 Yr 4.9%* -4.5% 12.9% 41.09%
10 Yr 5.7%* -3.0% 9.1% 25.00%

* Annualized

Return Ranking - Calendar

Period LCORX Return Category Return Low Category Return High Rank in Category (%)
2019 9.5% -11.4% 26.7% 63.49%
2018 -15.0% -28.0% 1.6% 76.11%
2017 12.1% -11.6% 27.5% 32.39%
2016 4.0% -14.9% 16.0% 45.18%
2015 -4.7% -87.3% 1.7% 38.55%

Total Return Ranking - Trailing

Period LCORX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.2% -18.8% 52.0% 34.02%
1 Yr 3.7% -18.1% 67.2% 28.69%
3 Yr 2.5%* -8.0% 17.5% 42.13%
5 Yr 4.9%* -4.5% 12.9% 38.61%
10 Yr 5.7%* -3.0% 9.1% 25.00%

* Annualized

Total Return Ranking - Calendar

Period LCORX Return Category Return Low Category Return High Rank in Category (%)
2019 9.5% -11.4% 26.7% 63.49%
2018 -14.8% -28.0% 1.6% 86.28%
2017 15.8% -5.4% 27.6% 26.76%
2016 4.5% -14.9% 19.7% 62.44%
2015 -1.0% -87.3% 2.5% 22.29%

NAV & Total Return History


LCORX - Holdings

Concentration Analysis

LCORX Category Low Category High LCORX % Rank
Net Assets 533 M 991 K 14.6 B 17.55%
Number of Holdings 195 4 1814 24.08%
Net Assets in Top 10 148 M 333 K 8.8 B 33.88%
Weighting of Top 10 36.99% 16.8% 100.0% 86.32%

Top 10 Holdings

  1. Fidelity® Inv MM Fds Government I 11.62%
  2. SPDR® S&P 500 ETF Trust 4.46%
  3. SPDR® Gold Shares 3.99%
  4. Invesco CurrencyShares® Japanese Yen 3.30%
  5. United States Treasury Notes 2.5% 3.06%
  6. iShares MBS ETF 2.53%
  7. iShares Core MSCI Emerging Markets ETF 2.44%
  8. Target Corp 2.26%
  9. iShares International Treasury Bond ETF 2.19%
  10. Microsoft Corp 2.13%

Asset Allocation

Weighting Return Low Return High LCORX % Rank
Stocks
52.70% 0.00% 116.32% 47.35%
Cash
26.41% -269.48% 87.83% 7.76%
Bonds
15.55% 0.00% 308.81% 69.80%
Other
5.25% -1.60% 77.76% 30.20%
Convertible Bonds
0.08% 0.00% 5.73% 51.02%
Preferred Stocks
0.00% 0.00% 19.67% 45.71%

Stock Sector Breakdown

Weighting Return Low Return High LCORX % Rank
Technology
19.46% 0.00% 95.84% 39.06%
Healthcare
19.37% 0.00% 39.15% 10.73%
Financial Services
13.63% 0.00% 96.34% 26.18%
Consumer Cyclical
12.68% 0.00% 49.17% 30.04%
Communication Services
11.88% 0.00% 34.85% 13.73%
Consumer Defense
10.05% 0.00% 31.10% 18.45%
Industrials
8.71% 0.00% 19.48% 66.09%
Basic Materials
3.84% 0.00% 68.84% 49.36%
Energy
0.19% 0.00% 10.11% 84.12%
Real Estate
0.12% 0.00% 100.00% 86.27%
Utilities
0.08% 0.00% 95.94% 89.70%

Stock Geographic Breakdown

Weighting Return Low Return High LCORX % Rank
US
48.02% -3.83% 115.24% 31.02%
Non US
4.68% 0.00% 63.52% 69.39%

Bond Sector Breakdown

Weighting Return Low Return High LCORX % Rank
Cash & Equivalents
63.31% 0.00% 100.00% 26.94%
Corporate
16.00% 0.00% 100.00% 41.22%
Government
15.64% 0.00% 95.45% 68.16%
Securitized
5.05% 0.00% 69.35% 33.06%
Derivative
0.00% 0.00% 61.13% 42.86%
Municipal
0.00% 0.00% 13.44% 45.71%

Bond Geographic Breakdown

Weighting Return Low Return High LCORX % Rank
US
9.22% -14.41% 205.82% 67.76%
Non US
6.33% 0.00% 167.73% 37.14%

LCORX - Expenses

Operational Fees

LCORX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.32% 0.22% 4.67% 64.34%
Management Fee 0.90% 0.10% 1.50% 56.79%
12b-1 Fee N/A 0.00% 1.00% 41.24%
Administrative Fee 0.05% 0.05% 0.70% 1.43%

Sales Fees

LCORX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

LCORX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.50% 2.00% 11.76%

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.

LCORX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 66.68% 0.00% 474.00% 36.06%

LCORX - Distributions

Dividend Yield Analysis

LCORX Category Low Category High LCORX % Rank
Dividend Yield 0.00% 0.00% 8.80% 17.96%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

LCORX Category Low Category High LCORX % Rank
Net Income Ratio 0.48% -1.71% 6.58% 69.26%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

LCORX - Fund Manager Analysis

Managers

Douglas Ramsey


Start Date

Tenure

Tenure Rank

Jan 31, 2011

9.76

9.8%

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

Aug 15, 2013

7.22

7.2%

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.

Jun Zhu


Start Date

Tenure

Tenure Rank

Jan 30, 2015

5.76

5.8%

Ms. Zhu is a portfolio manager of the Leuthold Weeden Capital Management, and has been a senior analyst of The Leuthold Group since 2008. Jun is responsible for the portfolio construction of the firm's Emerging Market equity investments. Prior to joining the Leuthold team, she worked as an investment intern at another money management firm where she was responsible for analyzing companies in the Health Care sector. Jun received her MBA from the Applied Security Analysis Program at the University of Wisconsin-Madison. She also earned an MS degree in Biomedical Sciences from the University of Wisconsin-Madison and a BS degree from Sichuan University in China.

Greg Swenson


Start Date

Tenure

Tenure Rank

Jun 30, 2015

5.34

5.3%

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
0.08 32.25 5.6 8.1