INVESTMENT ADVISORY AGREEMENT (LEUTHOLD SELECT EQUITIES FUND)Investment Advisory Agreement • May 19th, 2006 • Leuthold Funds Inc
This Investment Advisory Agreement (this “Agreement”) is made and entered into this 11th day of May, 2006 by and between Leuthold Funds, Inc., a Maryland corporation (the “Company”), and Leuthold Weeden Capital Management, a Delaware limited liability company (the “Adviser”).
