Thanks Kevin, but  Me thinks it's just  another outfit Jumping on the Band wagon to Keep Their Investors $ Inhouse and using there "moderate" Successfull reputation to attract $ and thus Make more with their Above -the- Ave. Higher Fees..for AMF's.

Owing LCORX for several yrs and going thru it's Hard Close trick, left a bad taste in my Mouth for them..and I didn't take the Bait to be Forced to put New $ into it's So called -"Just as Good" LAALX.. and seeing as LCORX hasn't really Outperformed My Other Like kind Funds for the past 10 yrs now, either..

Many Innvestment advisors and Fund Mgrs I monitor have been 'Reducing" their Global exposeur..while this And Int'l is going thru  a "Correction" , but I call it Normal Business for this Kind of Sector..just look how "well" Int'l did during 2000 thru 1st Qtr of 03' yrs..( the Index lost over -60%) and it took the next 2+ yrs of recovery just to break even.

and Me thinks the Worse is yet to come for this Sector..and I think  Leutholds Expertise isn't in Int'l...

Of course, it's been my Experience and Observation that all they have to do is stay with in a few % Rtrns as it's peers to keep Investors complacient to stay with them.. like all the other Fund Families do..

Of course, I'm by far no expert on this stuff, so do your own Research of course..

Or ? Hire Kevin  (or guys/gals like him), to do it for you...