GRZZX – Leuthold Grizzly Short Fund Investment Strategy | Morningstar

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Strategy

The investment seeks capital appreciation. The fund manager sells stocks and exchange traded funds short. Short selling involves the sale of borrowed securities. When the fund sells a stock short, it incurs an obligation to replace the stock borrowed at whatever its price may be at the time it purchases the stock for delivery to the securities lender. The fund manager believes that in all market conditions there will exist some companies whose stocks are overvalued by the market and that capital appreciation can be realized by selling short those stocks.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
GRZZX	Leuthold Grizzly Short Fund	No Load	Open	—	—	Jun 19, 2000	$25.67M	1.980%	High	$10,000	−$7.76M

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