The Fund takes long and short positions in global equities, leveraging the expertise of two experienced, research-driven investment managers.
The Fund's primary investment objective is long-term capital appreciation, with reduced volatility compared to traditional broad-based equity market indices as a secondary objective.
The Fund seeks to provide participation in up markets
while providing downside risk mitigation, reduced volatility, and
diversification as a complement to long-only equities.
Ticker | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
---|---|---|---|---|---|---|---|
Class A | LEQAX | -5.55% | 3.53% | 0.71% | 9.01% | 3.52% | 3.07% |
Class A (with load) | LEQAX | -10.98% | -2.44% | -1.27% | 7.72% | 2.91% | 2.56% |
Class C | LEQCX | -5.68% | 2.71% | -0.02% | 8.19% | 2.76% | 2.30% |
Class C (with load) | LEQCX | -6.63% | 2.71% | -0.02% | 8.19% | 2.76% | 2.30% |
Class I | LEQIX | -5.48% | 3.76% | 0.99% | 9.30% | 3.81% | 3.34% |
Benchmarks | |||||||
S&P 500 Index | -4.27% | 8.25% | 9.06% | 18.59% | 12.50% | 13.00% | |
Russell 2000 Index | -9.48% | -4.01% | 0.52% | 13.27% | 6.30% | 7.74% | |
Morningstar Long/Short Equity Cat. Avg. | -0.80% | 3.90% | 4.81% | 8.79% | 4.25% | 4.51% |
Dynamic Opportunity Fund: Total Expense / Net Expense
Inception Dates: Class A shares 5/10/2013; Class C shares 5/10/2013; Class I shares 5/10/2013
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 952.513.8195. Investment performance reflects fee waivers in effect. In the absence of such waivers, total return would be reduced. Performance data shown with load for Class A shares reflects a 5.75% maximum sales load and for Class C shares reflects a 1.00% CDSC applied to shares redeemed within 12 months of purchase.
Expense cap: Class A 2.24%, Class C 2.99%, Class I 1.99%. The Fund’s expense cap listed here includes the 12b-1 distribution and/or servicing fees per share class, but excludes taxes, interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, dividend expenses on short sales, swap fees, indirect expenses, expenses of other investment companies in which the Fund may invest, or extraordinary expenses such as litigation expenses and inclusive of offering and organizational costs incurred prior to the commencement of operations, to ensure that Total Annual Fund Operating Expenses After Fee Waiver and/or Reimbursement will not exceed 1.99% of the daily average net assets attributable to each class of the Fund. LoCorr Fund Management has contractually agreed to reduce its fees and/or absorb expenses of its Funds, until at least April 30, 2026. Net expense ratios are as of a fund’s most recent prospectus and applicable to investors. See Fund prospectus for more information on the additional fees charged by the Fund’s underlying managers.
Class A | Class C | Class I | |
---|---|---|---|
Ticker | LEQAX | LEQCX | LEQIX |
Inception Date | 5/10/2013 | 5/10/2013 | 5/10/2013 |
Minimum Investment | $2,500 | $2,500 | $100,000 |
Subsequent Investment | $500 | $500 | $500 |
Gross Expense Ratio | 2.60% | 3.35% | 2.35% |
Net Expense Ratio | 2.40% | 3.15% | 2.15% |
Total Fund Net Assets | $45,487,981 |
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 952.513.8195. Investment performance reflects fee waivers in effect. In the absence of such waivers, total return would be reduced. Performance data shown with load for Class A shares reflects a 5.75% maximum sales load and for Class C shares reflects a 1.00% CDSC applied to shares redeemed within 12 months of purchase.
Mutual Fund investing involves risk. Principal loss is possible. The Funds invests in foreign investments which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for emerging markets. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Derivative contracts ordinarily have leverage inherent in their terms which can magnify the Fund’s potential for gains or losses through increased long and short position exposure. The Funds may access derivatives via a swap agreement. A risk of a swap agreement is the risk that the counterparty to the agreement will default on its obligation to pay the Funds. The Fund will incur a loss as a result of a short position if the price of the short position instrument increases in value between the date of the short position sale and the date on which an offsetting position is purchased. Investments in lower-rated and nonrated securities presents a greater risk of loss to principal and interest than higher rated securities. Underlying Funds are subject to management and other expenses, which will be indirectly paid by the Fund. Small and mid-sized companies may have limited product lines, markets or financial resources, and they may be dependent on a limited management group.
Expense cap: Class A 2.24%, Class C 2.99%, Class I 1.99%. The Fund’s expense cap listed here includes the 12b-1 distribution and/or servicing fees per share class, but excludes taxes, interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, dividend expenses on short sales, swap fees, indirect expenses, expenses of other investment companies in which the Fund may invest, or extraordinary expenses such as litigation expenses and inclusive of offering and organizational costs incurred prior to the commencement of operations, to ensure that Total Annual Fund Operating Expenses After Fee Waiver and/or Reimbursement will not exceed 1.99% of the daily average net assets attributable to each class of the Fund. LoCorr Fund Management has contractually agreed to reduce its fees and/or absorb expenses of its Funds, until at least April 30, 2026. Net expense ratios are as of a fund’s most recent prospectus and applicable to investors. See Fund prospectus for more information on the additional fees charged by the Fund’s underlying managers.
Holding | Issuer | Percent of Net Assets |
---|---|---|
Wynn Resorts Ltd. | WYNN | 5.32% |
Penn Entertainment, Inc. | PENN | 4.75% |
Franklin Resources, Inc. | BEN | 3.89% |
Healthcare Realty Trust, Inc. | HR | 3.75% |
Zoom Communications, Inc. | ZM | 3.72% |
Dollar Tree, Inc. | DLTR | 3.60% |
Kimco Realty Corp. | KIM | 3.00% |
RH | RH | 2.91% |
American Eagle Outfitters, Inc. | AEO | 2.22% |
Shake Shack, Inc. | SHAK | 2.04% |
Fund holdings and asset allocations are subject to change and are not recommendations to buy or sell any security.
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 952.513.8195. Investment performance reflects fee waivers in effect. In the absence of such waivers, total return would be reduced. Performance data shown with load for Class A shares reflects a 5.75% maximum sales load and for Class C shares reflects a 1.00% CDSC applied to shares redeemed within 12 months of purchase. Performance data shown without the load does not reflect the current maximum sales charges for Class A shares (up to 5.75% front-end) and Class C shares (1.00% CDSC). Had the sales charge been included, the Fund’s returns would be lower.
Mutual Fund investing involves risk. Principal loss is possible. The Funds invests in foreign investments which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for emerging markets. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Derivative contracts ordinarily have leverage inherent in their terms which can magnify the Fund’s potential for gains or losses through increased long and short position exposure. The Funds may access derivatives via a swap agreement. A risk of a swap agreement is the risk that the counterparty to the agreement will default on its obligation to pay the Funds. The Fund will incur a loss as a result of a short position if the price of the short position instrument increases in value between the date of the short position sale and the date on which an offsetting position is purchased. Investments in lower-rated and nonrated securities presents a greater risk of loss to principal and interest than higher rated securities. Underlying Funds are subject to management and other expenses, which will be indirectly paid by the Fund. Small and mid-sized companies may have limited product lines, markets or financial resources, and they may be dependent on a limited management group.
Materials | |
Monthly Fund Commentary | Download ↓ |
Fund Fact Sheet | Download ↓ |
Manager Overview: Dynamic Opportunity Fund | Download ↓ |
The Case for Long/Short Equities | Download ↓ |
Reports | |
Prospectus | Download ↓ |
Statement of Additional Information | Download ↓ |
Semi-Annual Core Financial Statements | Download ↓ |
Class A Semi-Annual Tailored Shareholder Report | Download ↓ |
Class C Semi-Annual Tailored Shareholder Report | Download ↓ |
Class I Semi-Annual Tailored Shareholder Report | Download ↓ |
Annual Core Financial Statements and Additional Information | Download ↓ |
Class A Annual Tailored Shareholder Report | Download ↓ |
Class C Annual Tailored Shareholder Report | Download ↓ |
Class I Annual Tailored Shareholder Report | Download ↓ |
Forms and Applications | |
Regular Account Application | Download ↓ |
IRA Account Application | Download ↓ |
Entity Account Application | Download ↓ |
Certification of Beneficial Owners | Download ↓ |
IRA Transfer/Rollover Form | Download ↓ |
IRA Disclosure | Download ↓ |
Documents and Privacy | |
Privacy Policy | Download ↓ |
LoCorr Funds Tax Insert 2023 | Download ↓ |
LoCorr Funds Tax Insert 2022 | Download ↓ |
LoCorr Funds Tax Insert 2021 | Download ↓ |
LoCorr Funds Tax Insert 2018 | Download ↓ |
LoCorr Funds Tax Insert 2017 | Download ↓ |
2024 Capital Gains and Dividends Distribution | Download ↓ |
You may purchase shares of LoCorr Funds directly through the transfer agent, US Bancorp,by completing the appropirate application available above. You may also purchase shares of LoCorr Funds through brokers that distribute the Funds. Please call 1.855.LCFUNDS (1.855.523.8637) with any questions on purchasing options.
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 952.513.8195. Investment performance reflects fee waivers in effect. In the absence of such waivers, total return would be reduced. Performance data shown with load for Class A shares reflects a 5.75% maximum sales load and for Class C shares reflects a 1.00% CDSC applied to shares redeemed within 12 months of purchase.
Mutual Fund investing involves risk. Principal loss is possible. The Funds invests in foreign investments which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for emerging markets. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Derivative contracts ordinarily have leverage inherent in their terms which can magnify the Fund’s potential for gains or losses through increased long and short position exposure. The Funds may access derivatives via a swap agreement. A risk of a swap agreement is the risk that the counterparty to the agreement will default on its obligation to pay the Funds. The Fund will incur a loss as a result of a short position if the price of the short position instrument increases in value between the date of the short position sale and the date on which an offsetting position is purchased. Investments in lower-rated and nonrated securities presents a greater risk of loss to principal and interest than higher rated securities. Underlying Funds are subject to management and other expenses, which will be indirectly paid by the Fund. Small and mid-sized companies may have limited product lines, markets or financial resources, and they may be dependent on a limited management group.
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Sign in to Read MoreMutual Fund investing involves risk. Principal loss is possible. The Funds invests in foreign investments which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for emerging markets. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Derivative contracts ordinarily have leverage inherent in their terms which can magnify the Fund’s potential for gains or losses through increased long and short position exposure. The Funds may access derivatives via a swap agreement. A risk of a swap agreement is the risk that the counterparty to the agreement will default on its obligation to pay the Funds. The Fund will incur a loss as a result of a short position if the price of the short position instrument increases in value between the date of the short position sale and the date on which an offsetting position is purchased. Investments in lower-rated and nonrated securities presents a greater risk of loss to principal and interest than higher rated securities. Underlying Funds are subject to management and other expenses, which will be indirectly paid by the Fund. Small and mid-sized companies may have limited product lines, markets or financial resources, and they may be dependent on a limited management group.
Click here for important disclosure and definition information. Mutual fund investing involves risk. Principal loss is possible. The Fund’s investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by clicking here or a free-hard copy is available by calling 1.855.LCFUNDS. Read it carefully before investing. The Funds are offered only to United States residents, and information on this site is intended only for such persons. Nothing on this website should be considered a solicitation to buy or an offer to sell shares of the Funds in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction. The LoCorr Funds are distributed by Quasar Distributors, LLC.
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