Leuthold Select Industries is the mutual fund incarnation of our Group Selection Scores (GSS), the primary equity discipline at our firm. The GSS process employs a multi-factor approach to identify themes and groups scoring highly on characteristics that typically lead to future outperformance. Stocks are selected from our proprietary Leuthold 3000 universe, which captures most of the tradeable domestic market including some ADRs. Combining this broad universe with the model’s focus on themes and group rather than investment styles means that Select Industries behaves like a multi-cap fund, owning larger companies when certain groups are in favor and tilting toward smaller companies when other groups are scoring well.
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