X0101 EFFECT 33 LIVE 2013-10-18 14:30:00

N-14

0001000351 LEUTHOLD FUNDS INC 333-191188 0001000351 LEUTHOLD FUNDS INC S000000847 LEUTHOLD CORE INVESTMENT FUND C000002462 LEUTHOLD CORE INVESTMENT FUND-Retail Class 0001000351 LEUTHOLD FUNDS INC S000012965 LEUTHOLD ASSET ALLOCATION FUND C000035038 LEUTHOLD ASSET ALLOCATION FUND - RETAIL CLASS 0001000351 LEUTHOLD FUNDS INC S000000847 LEUTHOLD CORE INVESTMENT FUND C000016368 Leuthold Core Investment Fund-Institutional Class 0001000351 LEUTHOLD FUNDS INC S000012965 LEUTHOLD ASSET ALLOCATION FUND C000053678 LEUTHOLD ASSET ALLOCATION FUND - INSTITUTIONAL CLASS