A multi-manager strategy that combines four distinct investment managers with proven expertise in the managed futures space.
The Fund's primary objective is capital appreciation in rising and falling equity markets, with managing volatility as a secondary objective.
The Fund seeks to provide low correlation to nearly all asset classes, capital appreciation in rising or falling equity markets, crisis alpha and downside protection.
Ticker | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception | |
---|---|---|---|---|---|---|---|
Class A | LFMAX | -0.13% | -0.73% | 2.09% | 4.08% | 3.18% | 2.32% |
Class A (with load) | LFMAX | -5.92% | -6.41% | 0.10% | 2.86% | 2.56% | 1.89% |
Class C | LFMCX | -0.14% | -1.47% | 1.40% | 3.32% | 2.42% | 1.57% |
Class C (with load) | LFMCX | -1.14% | -1.47% | 1.40% | 3.32% | 2.42% | 1.57% |
Class I | LFMIX | 0.00% | -0.43% | 2.40% | 4.34% | 3.44% | 2.59% |
Benchmark as of 12/31/24 | |||||||
Barclay CTA Index | 3.56% | 3.56% | 3.37% | 4.11% | 2.04% | 1.60%* |
Macro Strategies Fund: Total and Net Expenses
*Data as of 4/1/2011
Inception Dates: Class A shares 3/24/2011; Class C shares 3/24/2011; Class I shares 3/24/2011
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% sales load and for Class C shares reflects a 1.00% CDSC. 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.
Expense cap: 2.24% (A), 2.99% (C), 1.99% (I). 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, indirect expenses, expenses of other investment companies in which the Fund may invest, or extraordinary expenses such as litigation and inclusive of organizational cost incurred prior to the commencement of operations will not exceed 1.99%/daily average net assets attributable to each class of the Fund, as stated above, net of contractual recoupment through April 30, 2025. Net expense ratios are as of the Fund’s most recent prospectus, are applicable to investors and reflect a recoupment of fees.
Class A | Class C | Class I | |
---|---|---|---|
Ticker | LFMAX | LFMCX | LFMIX |
Inception Date | 3/24/2011 | 3/24/2011 | 3/24/2011 |
Minimum Investment | $2,500 | $2,500 | $100,000 |
Subsequent Investment | $500 | $500 | $500 |
Gross Expense Ratio | 2.14% | 2.89% | 1.89% |
Total Fund Net Assets | $1,631,098,006 |
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% sales load and for Class C shares reflects a 1.00% CDSC. 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.
Expense cap: 2.24% (A), 2.99% (C), 1.99% (I). 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, indirect expenses, expenses of other investment companies in which the Fund may invest, or extraordinary expenses such as litigation and inclusive of organizational cost incurred prior to the commencement of operations will not exceed 1.99%/daily average net assets attributable to each class of the Fund, as stated above, net of contractual recoupment through April 30, 2025. Net expense ratios are as of the Fund’s most recent prospectus, are applicable to investors and reflect a recoupment of fees.
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. Investing in commodities may subject the Funds to greater risks and volatility as commodity prices may be influenced by a variety of factors including unfavorable weather, environmental factors, and changes in government regulations. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in Asset-Backed, Mortgage-Backed, and Collateralized Mortgage-Backed Securities include additional risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. 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. Underlying Funds are subject to management and other expenses, which will be indirectly paid by the Fund.
Holding | Issuer | Percent of Net Assets |
---|---|---|
United States Treasury Note | 91282C | 38.17% |
Federal National Mortgage Association | 3135G0 | 3.92% |
Federal Farm Credit Banks Funding Corp. | 3133EP | 3.85% |
Freddie Mac STACR REMIC Trust | 35564K | 1.84% |
Mars, Inc. | 571676 | 1.80% |
Bank of America Corp. | 06051G | 1.22% |
Federal Home Loan Banks | 3130B0 | 0.92% |
GM Financial Automobile Leasing Trust | 36269W | 0.79% |
Bank of America NA | 06428C | 0.78% |
J.P. Morgan Chase & Co. | 46647P | 0.75% |
*Aggregated by issuer, where applicable.
Derivative instruments are not reflected in the Fund’s top ten holdings. At March 31, 2025, the Fund’s investment in its wholly-owned Cayman Islands subsidiary, LCMFS Fund Limited represented approximately 2% of net assets.
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. The Fund imposes a 1.00% redemption fee on shares sold within 30 days. 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% sales load and for Class C shares reflects a 1.00% CDSC. 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. Investing in commodities may subject the Funds to greater risks and volatility as commodity prices may be influenced by a variety of factors including unfavorable weather, environmental factors, and changes in government regulations. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in Asset-Backed, Mortgage-Backed, and Collateralized Mortgage-Backed Securities include additional risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. 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. Underlying Funds are subject to management and other expenses, which will be indirectly paid by the Fund.
Materials | |
Quarterly Fund Commentary | Download ↓ |
Fund Fact Sheet | Download ↓ |
Manager Overview: Macro Strategies Fund | Download ↓ |
What are Managed Futures? | Download ↓ |
Reports | |
Prospectus | Download ↓ |
Statement of Additional Information | Download ↓ |
Summary Prospectus | 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 2020 | Download ↓ |
LoCorr Funds Tax Insert 2019 | Download ↓ |
LoCorr Funds Tax Insert 2018 | Download ↓ |
LoCorr Funds Tax Insert 2017 | Download ↓ |
LoCorr Funds Tax Insert 2016 | Download ↓ |
2024 Capital Gains and Dividends Distribution | Download ↓ |
2020 Form 8937 - Steben Managed Futures Fund (A/N Units) | Download ↓ |
2020 Form 8937 - Steben Managed Futures Fund (C Units) | Download ↓ |
2020 Form 8937 - Steben Managed Futures Fund (I Units) | 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. The Fund imposes a 1.00% redemption fee on shares sold within 30 days. 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% sales load and for Class C shares reflects a 1.00% CDSC. 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. Investing in commodities may subject the Funds to greater risks and volatility as commodity prices may be influenced by a variety of factors including unfavorable weather, environmental factors, and changes in government regulations. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in Asset-Backed, Mortgage-Backed, and Collateralized Mortgage-Backed Securities include additional risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. 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. Underlying Funds are subject to management and other expenses, which will be indirectly paid by the Fund.
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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. Investing in commodities may subject the Funds to greater risks and volatility as commodity prices may be influenced by a variety of factors including unfavorable weather, environmental factors, and changes in government regulations. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in Asset-Backed, Mortgage-Backed, and Collateralized Mortgage-Backed Securities include additional risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. 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. Underlying Funds are subject to management and other expenses, which will be indirectly paid by the Fund.
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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