The investment seeks capital appreciation. The fund sells stocks 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. It generally has outstanding approximately 45 to 70 stocks that it has sold short. It utilizes a disciplined, unemotional, quantitative investment approach.
Fund filings (PDF) »

Asset managers:
Matthew Paschke (Started: Jan 31, 2005)
Greg Swenson (Started: Jan 31, 2009)
Steven Leuthold (Started: Jun 19, 2000)

Advisor Company:
Leuthold Weeden Capital Management LLC.
Fund family reports on Morningstar »

	1 year	3 years	5 years	10 years
Alpha*	-54.78	-3.88	-13.02	-
Beta*	4.37	-1.20	13.16	-
Mean annual return	-4.00	0.50	-0.03	-
R-squared*	0.28	90.33	5.45	-
Standard deviation	33.65	30.35	24.31	-
Sharpe ratio	-1.43	0.12	-0.14	-
* Against standard index

Risk measurement details »

Security	Net Assets
Fidelity Instl MM Fds Government I	14.05%
SPDRs	2.73%
Sotheby's Holdings, Inc. A (BID)	1.77%
Biomarin Pharmaceutical, Inc. (BMRN)	1.75%
SBA Communications Corporation (SBAC)	1.73%
Vertex Pharmaceuticals (VRTX)	1.71%
Time Warner Cable, Inc. A (TWC)	1.70%
Washington Federal Inc. (WFSL)	1.69%
Amylin Pharmaceuticals (AMLN)	1.65%
Allegheny Energy, Inc. (AYE)	1.63%

Holdings Performance »