Home / Filers / LEUTHOLD FUNDS INC
LEUTHOLD FUNDS INC
fund voting report
- Vote records reported
- 4,589year to 30 June 2024
- Against management
- 4.1%172 of 4,227 marked votes
- Say-on-pay support
- 97.6%for, of for + against + abstain
- Shareholder-proposal support
- 0.0%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
LEUTHOLD FUNDS INC reported 4,589 vote records for the year to 30 June 2024. It marked 4.1% of its votes as cast against management (172 of 4,227), 2.6 percentage points below the median fund registrant, which was 6.7%.
Weighted by the number of shares voted, the against-management share is 0.0%. The two figures differ when the votes against management fall on larger or smaller holdings than the rest.
On pay and on shareholder proposals: it voted for 97.6% of the section 14A say-on-pay items it reported (the median fund registrant: 91.2%) and it voted for 0.0% of the proposals put forward by security holders (the median fund registrant: 28.8%).
By category, votes against management were most frequent in CORPORATE GOVERNANCE (21.4% of 374), CAPITAL STRUCTURE (9.0% of 223) and COMPENSATION (8.1% of 172).
Compared with other filers
Each rate is defined once, in the methodology. The median is taken over 1,284 fund registrants with at least 25 vote records in the season.
| year to 30 June 2024 | This filer | Median fund registrant | All filers pooled |
|---|---|---|---|
| Against-management share | 4.1% | 6.7% | 10.2% |
| Say-on-pay support rate | 97.6% | 91.2% | 84.6% |
| Shareholder-proposal support rate | 0.0% | 28.8% | 37.0% |
| Shares on loan, share of shares held | 0.00% | 0.00% | 0.08% |
| Largest families, year to 30 June 2026 | Against management | Say-on-pay support | Shareholder-proposal support |
|---|---|---|---|
| Vanguard | 20.1% | 94.1% | 42.0% |
| BlackRock and iShares | 7.5% | 88.3% | 11.9% |
| Fidelity | 6.0% | 94.7% | 27.6% |
| Dimensional | 16.4% | 78.9% | 57.4% |
| State Street and SPDR | 16.9% | 77.1% | 50.4% |
Of the 4,589 vote records in this filing, 285 carry something the form does not expect: a missing vote source or category, a record with no vote line, a meeting date that cannot be read, or a security identifier this site could not use. They are counted as filed. What is checked
Votes by category
Filers choose one or more categories for each vote, so a vote can appear in more than one row. Category names are printed as Form N-PX defines them.
| Category (as the form names it) | Votes | For | Against | Against management | Split |
|---|---|---|---|---|---|
| DIRECTOR ELECTIONS | 2,666 | 2,618 | 5 | 1.6% | |
| SECTION 14A SAY-ON-PAY VOTES | 294 | 249 | 0 | 2.1% | |
| AUDIT-RELATED | 291 | 283 | 1 | 2.4% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 22 | 7 | 15 | 0.0% | |
| EXTRAORDINARY TRANSACTIONS | 16 | 14 | 0 | 12.5% | |
| CAPITAL STRUCTURE | 223 | 202 | 1 | 9.0% | |
| COMPENSATION | 172 | 135 | 23 | 8.1% | |
| CORPORATE GOVERNANCE | 412 | 289 | 43 | 21.4% | |
| ENVIRONMENT OR CLIMATE | 42 | 4 | 36 | 4.8% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 30 | 0 | 30 | 0.0% | |
| DIVERSITY, EQUITY, AND INCLUSION | 14 | 0 | 14 | 0.0% | |
| OTHER SOCIAL ISSUES | 125 | 12 | 111 | 1.6% | |
| OTHER | 78 | 55 | 5 | 7.6% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 4,589 | 4.1% | 97.6% | 0.0% |
Only one season is on file for this entry so far. The structured Form N-PX began with the year to 30 June 2024.
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, LEUTHOLD FUNDS INC voted against management on 6 of the 142 it marked either way (4.2%) in the year to 30 June 2024.
A further 1 say-on-pay item was reported without a management mark and are left out of both sides of that fraction.
- Skyworks Solutions, Inc. 14 May 2024
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- Holcim Ltd. 8 May 2024
- Daimler Truck Holding AG 15 May 2024
- Swiss Re AG 12 Apr 2024
Shareholder proposals it supported
Of 125 proposals from security holders that could be told apart in the filings and on which it cast a vote, LEUTHOLD FUNDS INC voted for 0 (0.0%). Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.
Shares on loan
LEUTHOLD FUNDS INC reported no shares on loan for the year to 30 June 2024. Shares lent out at the record date cannot be voted by the lender, which is why Form N-PX asks for the figure. More on lending and votes.
Fund series in this filing
5 series reported votes. A vote record can list several series. Series with 500 or more vote records have their own page.
| Series | Vote records | Against management | Say-on-pay support | Shareholder-proposal support |
|---|---|---|---|---|
| Leuthold Global Fund | 1,923 | 10.4% | 93.2% | 0.0% |
| Leuthold Core Investment Fund | 1,320 | 0.0% | 100.0% | 0.0% |
| Leuthold Select Industries Fund | 1,320 | 0.0% | 100.0% | 0.0% |
| Leuthold Core ETF | 13 | 0.0% | not reported | not reported |
| Leuthold Grizzly Short Fund | 13 | 0.0% | not reported | not reported |
The filings
These figures are read from the filer's own Form N-PX. If a vote on this page looks wrong, the filing is the record: a dispute about a filed vote is a matter for the filer, and an error in how this site read the filing is a matter for corrections.
- N-PX filed 29 Aug 2024 accession 0001438934-24-001094
- Every N-PX filing by this filer on EDGAR
Questions
How did LEUTHOLD FUNDS INC vote on executive pay?
In the year to 30 June 2024 LEUTHOLD FUNDS INC reported 255 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 249 were for (97.6%), 0 against and 6 abstentions. Counting one item per company meeting, it voted against management on 6 of the 142 say-on-pay items it marked either way. A further 1 say-on-pay item was reported without a management mark and are not counted in that figure.
How often does LEUTHOLD FUNDS INC vote against management?
4.1% of the time in the year to 30 June 2024: 172 of the 4,227 votes it marked as for or against management. Form N-PX asks each filer to state, vote by vote, whether the vote was for or against management's recommendation; this figure counts those marks.
Did LEUTHOLD FUNDS INC support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 36 votes on proposals from security holders in the year to 30 June 2024 and voted for 0 of them (0.0%). Across every category it voted for 0.0% of security-holder proposals. Filers choose the category for each vote, so the same proposal can sit in different categories in different filings.
Is this the result of the meetings?
No. Form N-PX shows how this filer voted the shares it held. It does not show how other shareholders voted or whether a proposal was approved. Companies report certified results separately, on Form 8-K.
Where does the data come from?
From the Form N-PX filings of this filer on the SEC's EDGAR system, read as filed. The SEC does not verify the contents. Amended filings (N-PX/A) replace the filings they amend. Data on this page runs through 30 Sep 2026.
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings by LEUTHOLD FUNDS INC (filer no. 1000351), read as filed and not verified by the SEC. Amended filings replace the filings they amend. Filings read through 30 Sep 2026; page built 1 Oct 2026.