EX-17.(B) 13 templateforleutholdproxyca.htm EX-17.(B) Template for Leuthold Proxy Card
LEUTHOLD FUNDS, INC.
150 SOUTH FIFTH STREET, SUITE 1700
MINNEAPOLIS, MN 55402
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SCAN TO
VIEW MATERIALS & VOTE
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To vote by Internet
1)Read the Proxy Statement and have the proxy card
below at hand.
2)Go to website www.proxyvote.com or scan the QR
Barcode above
3)Follow the instructions provided on the website.
phone2a.jpg
To vote by Telephone
1) Read the Proxy Statement and have the proxy card
below at hand.
2)Call 1-800-690-6903
3) Follow the instructions.
mla.jpg
To vote by Mail
1)Read the Proxy Statement.
2)Check the appropriate boxes on
the proxy card below.
3)Sign and date the proxy card.
4)Return the proxy card in the
envelope provided.
TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS:
V57616-S97053
KEEP THIS PORTION FOR YOUR RECORDS 
DETACH AND RETURN THIS PORTION ONLY
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The Target Fund Board unanimously recommends that shareholders of each Target Fund approve the proposed Reorganization pursuant to the Plan.
For   
Against   
Abstain
1.To approve an Agreement and Plan of Reorganization by and between Leuthold Funds, Inc. (the "Target Entity") and Managed Portfolio Series (the
"Acquiring Entity") which provides for the reorganization of the Leuthold Core Investment (the "Target Core Fund") into a newly created series within the
Acquiring Entity which is also called the Leuthold Core Investment Fund (the "Acquiring Core Fund"), providing for (a) the acquisition of all of the assets and
assumption of all of the liabilities of the Target Core Fund by the Acquiring Core Fund in exchange for shares of the Acquiring Core Fund; (b) the distribution
of such shares to the shareholders of the Target Core Fund; and (c) the liquidation and termination of the Target Core Fund (the "Core Fund
Reorganization").
☐
☐
☐
Please sign exactly as your name(s) appear(s) hereon. When signing as attorney, executor, administrator, or other fiduciary, please give full title as such. Joint owners
should each sign personally. All holders must sign. If a corporation or partnership, please sign in full corporate or partnership name by authorized officer.
Signature [PLEASE SIGN WITHIN BOX]
Date
Signature [Joint Owners]
Date
Important Notice Regarding the Availability of Proxy Materials for the Special Meeting of
Shareholders to be Held on December 12, 2024:
The Proxy Statement/Prospectus is available at www.proxyvote.com
V57617-S97053
LEUTHOLD CORE INVESTMENT FUND
PROXY FOR A SPECIAL MEETING OF SHAREHOLDERS
ON DECEMBER 12, 2024
This proxy is solicited by the Board of Directors of the Leuthold Core Investment Fund for use at a Special Meeting to be held at 10:00 a.m.
Central Time, on December 12, 2024 at the offices of Leuthold Funds, Inc., located at 150 South Fifth Street, Suite 1700 Minneapolis, MN
55402. The proposal for the fund (set forth on the reverse side of this proxy card) has been approved by the Board of Directors and
recommended for approval by shareholders.
The undersigned hereby appoints John C. Mueller and Glenn R. Larson, and each of them separately,with full power of substitution to each, as
proxies of the undersigned, to represent the undersigned, and to vote, as designated on the reverse side of this proxy card, as the above-
stated Special Meeting and at any and all adjourned or postponed sessions thereof, all shares of the fund that the undersigned is entitled to
vote at the Special Meeting.
If you sign and return this proxy card, it will be voted as specified. If you sign and return this proxy and no specification is made, this proxy
shall be voted FOR the proposal.
PLEASE VOTE, SIGN AND DATE THIS PROXY CARD AND RETURN IT IN THE ENCLOSED POSTAGE-PAID ENVELOPE.
LEUTHOLD FUNDS, INC.
150 SOUTH FIFTH STREET, SUITE 1700
MINNEAPOLIS, MN 55402
phonea.jpg
SCAN TO
VIEW MATERIALS & VOTE
arrowa.jpg
computera.jpg
To vote by Internet
1)Read the Proxy Statement and have the proxy card
below at hand.
2)Go to website www.proxyvote.com or scan the QR
Barcode above
3)Follow the instructions provided on the website.
phone2a.jpg
To vote by Telephone
1) Read the Proxy Statement and have the proxy card
below at hand.
2)Call 1-800-690-6903
3) Follow the instructions.
mla.jpg
To vote by Mail
1)Read the Proxy Statement.
2)Check the appropriate boxes on
the proxy card below.
3)Sign and date the proxy card.
4)Return the proxy card in the
envelope provided.
TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS:
V57616-S97053
KEEP THIS PORTION FOR YOUR RECORDS 
DETACH AND RETURN THIS PORTION ONLY
cornera.jpg
The Target Fund Board unanimously recommends that shareholders of each Target Fund approve the proposed Reorganization pursuant to the Plan.
For   
Against   
Abstain
1.To approve an Agreement and Plan of Reorganization by and between Leuthold Funds, Inc. (the "Target Entity") and Managed Portfolio Series (the
"Acquiring Entity") which provides for the reorganization of the Leuthold Global Fund (the "Target Global Fund") into a newly created series within the
Acquiring Entity which is also called the Leuthold Global Fund (the "Acquiring Global Fund"), providing for (a) the acquisition of all of the assets and
assumption of all of the liabilities of the Target Global Fund by the Acquiring Global Fund in exchange for shares of the Acquiring Global Fund; (b) the
distribution of such shares to the shareholders of the Target Global Fund; and (c) the liquidation and termination of the Target Global Fund (the "Global
Fund Reorganization").
☐
☐
☐
Please sign exactly as your name(s) appear(s) hereon. When signing as attorney, executor, administrator, or other fiduciary, please give full title as such. Joint owners
should each sign personally. All holders must sign. If a corporation or partnership, please sign in full corporate or partnership name by authorized officer.
Signature [PLEASE SIGN WITHIN BOX]
Date
Signature [Joint Owners]
Date
Important Notice Regarding the Availability of Proxy Materials for the Special Meeting of
Shareholders to be Held on December 12, 2024:
The Proxy Statement/Prospectus is available at www.proxyvote.com
V57617-S97053
LEUTHOLD GLOBAL FUND
PROXY FOR A SPECIAL MEETING OF SHAREHOLDERS
ON DECEMBER 12, 2024
This proxy is solicited by the Board of Directors of the Leuthold Global Fund for use at a Special Meeting to be held at 10:00 a.m. Central
Time, on December 12, 2024 at the offices of Leuthold Funds, Inc., located at 150 South Fifth Street, Suite 1700 Minneapolis, MN 55402. The
proposal for the fund (set forth on the reverse side of this proxy card) has been approved by the Board of Directors and recommended for
approval by shareholders.
The undersigned hereby appoints John C. Mueller and Glenn R. Larson, and each of them separately,with full power of substitution to each, as
proxies of the undersigned, to represent the undersigned, and to vote, as designated on the reverse side of this proxy card, as the above-
stated Special Meeting and at any and all adjourned or postponed sessions thereof, all shares of the fund that the undersigned is entitled to
vote at the Special Meeting.
If you sign and return this proxy card, it will be voted as specified. If you sign and return this proxy and no specification is made, this proxy
shall be voted FOR the proposal.
PLEASE VOTE, SIGN AND DATE THIS PROXY CARD AND RETURN IT IN THE ENCLOSED POSTAGE-PAID ENVELOPE.
LEUTHOLD FUNDS, INC.
150 SOUTH FIFTH STREET, SUITE 1700
MINNEAPOLIS, MN 55402
phonea.jpg
SCAN TO
VIEW MATERIALS & VOTE
arrowa.jpg
computera.jpg
To vote by Internet
1)Read the Proxy Statement and have the proxy card
below at hand.
2)Go to website www.proxyvote.com or scan the QR
Barcode above
3)Follow the instructions provided on the website.
phone2a.jpg
To vote by Telephone
1) Read the Proxy Statement and have the proxy card
below at hand.
2)Call 1-800-690-6903
3) Follow the instructions.
mla.jpg
To vote by Mail
1)Read the Proxy Statement.
2)Check the appropriate boxes on
the proxy card below.
3)Sign and date the proxy card.
4)Return the proxy card in the
envelope provided.
TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS:
V57616-S97053
KEEP THIS PORTION FOR YOUR RECORDS 
DETACH AND RETURN THIS PORTION ONLY
cornera.jpg
The Target Fund Board unanimously recommends that shareholders of each Target Fund approve the proposed Reorganization pursuant to the Plan.
For   
Against   
Abstain
1.To approve an Agreement and Plan of Reorganization by and between Leuthold Funds, Inc. (the "Target Entity") and Managed Portfolio Series (the
"Acquiring Entity") which provides for the reorganization of the Leuthold Select Industries Fund (the "Target Select Industries Fund") into a newly created
series within the Acquiring Entity which is also called the Leuthold Select Industries Fund (the "Acquiring Select Industries ETF"), providing for (a) the
acquisition of all of the assets and assumption of all of the liabilities of the Target Select Industries Fund by the Acquiring Select Industries ETF in exchange
for shares of the Acquiring Select Industries ETF; (b) the distribution of such shares to the shareholders of the Target Select Industries Fund; and (c) the
liquidation and termination of the Target Select Industries Fund (the "Select Industries Fund Reorganization"). The proposed reorganization of the Target
Select Industries Fund includes the conversion of the Target Select Industries Fund, which currently operates as a mutual fund, in an exchange-traded
fund ("ETF").
☐
☐
☐
Please sign exactly as your name(s) appear(s) hereon. When signing as attorney, executor, administrator, or other fiduciary, please give full title as such. Joint owners
should each sign personally. All holders must sign. If a corporation or partnership, please sign in full corporate or partnership name by authorized officer.
Signature [PLEASE SIGN WITHIN BOX]
Date
Signature [Joint Owners]
Date
Important Notice Regarding the Availability of Proxy Materials for the Special Meeting of
Shareholders to be Held on December 12, 2024:
The Proxy Statement/Prospectus is available at www.proxyvote.com
V57617-S97053
LEUTHOLD SELECT INDUSTRIES FUND
PROXY FOR A SPECIAL MEETING OF SHAREHOLDERS
ON DECEMBER 12, 2024
This proxy is solicited by the Board of Directors of the Leuthold Select Industries Fund for use at a Special Meeting to be held at 10:00 a.m.
Central Time, on December 12, 2024 at the offices of Leuthold Funds, Inc., located at 150 South Fifth Street, Suite 1700 Minneapolis, MN
55402. The proposal for the fund (set forth on the reverse side of this proxy card) has been approved by the Board of Directors and
recommended for approval by shareholders.
The undersigned hereby appoints John C. Mueller and Glenn R. Larson, and each of them separately,with full power of substitution to each, as
proxies of the undersigned, to represent the undersigned, and to vote, as designated on the reverse side of this proxy card, as the above-
stated Special Meeting and at any and all adjourned or postponed sessions thereof, all shares of the fund that the undersigned is entitled to
vote at the Special Meeting.
If you sign and return this proxy card, it will be voted as specified. If you sign and return this proxy and no specification is made, this proxy
shall be voted FOR the proposal.
PLEASE VOTE, SIGN AND DATE THIS PROXY CARD AND RETURN IT IN THE ENCLOSED POSTAGE-PAID ENVELOPE.
LEUTHOLD FUNDS, INC.
150 SOUTH FIFTH STREET, SUITE 1700
MINNEAPOLIS, MN 55402
phonea.jpg
SCAN TO
VIEW MATERIALS & VOTE
arrowa.jpg
computera.jpg
To vote by Internet
1)Read the Proxy Statement and have the proxy card
below at hand.
2)Go to website www.proxyvote.com or scan the QR
Barcode above
3)Follow the instructions provided on the website.
phone2a.jpg
To vote by Telephone
1) Read the Proxy Statement and have the proxy card
below at hand.
2)Call 1-800-690-6903
3) Follow the instructions.
mla.jpg
To vote by Mail
1)Read the Proxy Statement.
2)Check the appropriate boxes on
the proxy card below.
3)Sign and date the proxy card.
4)Return the proxy card in the
envelope provided.
TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS:
V57616-S97053
KEEP THIS PORTION FOR YOUR RECORDS 
DETACH AND RETURN THIS PORTION ONLY
cornera.jpg
The Target Fund Board unanimously recommends that shareholders of each Target Fund approve the proposed Reorganization pursuant to the Plan.
For   
Against   
Abstain
1.To approve an Agreement and Plan of Reorganization by and between Leuthold Funds, Inc. (the "Target Entity") and Managed Portfolio Series (the
"Acquiring Entity") which provides for the reorganization of the Leuthold Grizzly Short Fund (the "Target Grizzly Fund") into a newly created series within
the Acquiring Entity which is also called the Leuthold Grizzly Fund (the "Acquiring Grizzly Fund"), providing for (a) the acquisition of all of the assets and
assumption of all of the liabilities of the Target Grizzly Fund by the Acquiring Grizzly Fund in exchange for shares of the Acquiring Grizzly Fund; (b) the
distribution of such shares to the shareholders of the Target Grizzly Fund; and (c) the liquidation and termination of the Target Grizzly Fund (the "Grizzly
Fund Reorganization").
☐
☐
☐
Please sign exactly as your name(s) appear(s) hereon. When signing as attorney, executor, administrator, or other fiduciary, please give full title as such. Joint owners
should each sign personally. All holders must sign. If a corporation or partnership, please sign in full corporate or partnership name by authorized officer.
Signature [PLEASE SIGN WITHIN BOX]
Date
Signature [Joint Owners]
Date
Important Notice Regarding the Availability of Proxy Materials for the Special Meeting of
Shareholders to be Held on December 12, 2024:
The Proxy Statement/Prospectus is available at www.proxyvote.com
V57617-S97053
LEUTHOLD GRIZZLY FUND
PROXY FOR A SPECIAL MEETING OF SHAREHOLDERS
ON DECEMBER 12, 2024
This proxy is solicited by the Board of Directors of the Leuthold Grizzly Short Fund for use at a Special Meeting to be held at 10:00 a.m.
Central Time, on December 12, 2024 at the offices of Leuthold Funds, Inc., located at 150 South Fifth Street, Suite 1700 Minneapolis, MN
55402. The proposal for the fund (set forth on the reverse side of this proxy card) has been approved by the Board of Directors and
recommended for approval by shareholders.
The undersigned hereby appoints John C. Mueller and Glenn R. Larson, and each of them separately,with full power of substitution to each, as
proxies of the undersigned, to represent the undersigned, and to vote, as designated on the reverse side of this proxy card, as the above-
stated Special Meeting and at any and all adjourned or postponed sessions thereof, all shares of the fund that the undersigned is entitled to
vote at the Special Meeting.
If you sign and return this proxy card, it will be voted as specified. If you sign and return this proxy and no specification is made, this proxy
shall be voted FOR the proposal.
PLEASE VOTE, SIGN AND DATE THIS PROXY CARD AND RETURN IT IN THE ENCLOSED POSTAGE-PAID ENVELOPE.