Leuthold Select Industries ETF (LST)

Leuthold Select Industries ETF is an actively managed U.S. equity fund from The Leuthold Group, a Minneapolis-based investment research and management firm known for its quantitative market research.

The strategy centers on industry group selection. Leuthold's proprietary models evaluate industry groups on measures such as growth, valuation, momentum and other technical and fundamental factors, and the fund concentrates its holdings in stocks from the industries that rank most attractively. Within favored industries, individual companies are chosen with quantitative screens as well.

Because the portfolio is driven by those industry rankings, its sector weights can differ substantially from broad market indexes, and holdings are rotated as the model's assessments change over time.