LoCorr Funds, a leader in low-correlating alternative investments,
today announced the LoCorr Market Trend Fund (LOTIX) reached its
10-year anniversary on June 30, 2024.
The LoCorr Market Trend Fund is ranked 4 out of 45
funds in the Morningstar Systematic Trend Category for the 10-year
period as of June 30, 2024, based on total returns, and holds a
4-star Overall Morningstar Rating. (The LoCorr Long/Short
Commodities Strategy Fund, LCSIX, LCSAX and LCSCX hold the top
three positions in the Category for the 10-year period ending June
30, 2024.) The Market Trend Fund features a global macro-oriented
strategy that seeks to provide low correlation to nearly all asset
classes, offering strong diversification benefits and positive
absolute returns while mitigating downside risk.
“We are thrilled to celebrate the 10th anniversary
of LoCorr Market Trend Fund, which is a significant milestone, and
to see it recognized as a 4-star fund by Morningstar during this
time period,” said Kevin Kinzie, CEO of LoCorr Funds. “We launched
the Market Trend Fund a decade ago based on the belief that
low-correlating strategies with daily liquidity belong in every
client portfolio. That conviction still rings true today and we are
excited to offer the top four funds in the Morningstar Systematic
Trend Category.”
“In addition, we are proud to have launched the
Market Trend Fund with Graham Capital Management (Graham) as the
sub-advisor offering advisors and their clients access to an
esteemed institutional manager through a ‘40 Act fund. We are
grateful for Graham’s continuing commitment to a strategy that
provides diversification through its distinct return stream and
seeks to help create a smoother ride for clients.”
“We are honored to celebrate the 10-year
anniversary of the LoCorr Market Trend Fund and our long-standing
partnership with LoCorr,” said Brian Douglas, Chief Executive
Officer of Graham Capital Management. “This milestone is a
testament to our shared commitment to delivering exceptional value
to clients. Over the past decade, the Fund has provided valuable
diversification to investors, particularly in recent years which
have been marked by significant turbulence for both stocks and
bonds. We look forward to continuing our collaboration and
supporting the Fund's success in the years to come.”
With a sequence of returns typically different from
traditional stock and bond investments, LoCorr Market Trend Fund
was launched in response to advisor demand for diversifying
strategies that seek portfolio stability and growth in an
ever-changing investment landscape. Since its inception on June 30,
2014, the Fund has a 0.05 correlation with the S&P 500 Index
and a -0.24 correlation with the Bloomberg U.S. Aggregate Bond
Index.
The LoCorr Market Trend Fund (LOTIX) was ranked 32
out of 69 funds, 14 out of 67 funds, 11 out of 64 and 4 out of 45
funds in the Morningstar Systematic Trend Category for the 1-year,
3-year, 5-year and 10-year periods, respectively as of June 30,
2024, based on total return. The LoCorr Long/Short Commodities
Strategy Fund (LCSIX) was ranked 36 out of 69, 56 out of 67 funds,
53 out of 64 funds and 1 out of 45 funds; LoCorr Long/Short
Commodities Strategy Fund (LCSAX) was ranked 41 out of 69, 59 out
of 67 funds, 57 out of 64 funds and 2 out of 45 funds; and LoCorr
Long/Short Commodities Strategy Fund (LCSCX) was ranked 46 out of
69, 61 out of 67 funds, 62 out of 64 funds and 3 out of 45 funds in
the Morningstar Systematic Trend Category for the 1-year, 3-year,
5-year and 10-year periods, respectively as of June 30, 2024, based
on total return.
About LoCorr FundsLoCorr Funds is
a leading provider of low-correlating investment strategies,
founded on the belief that non-traditional investment strategies
with low correlation to stocks and bonds can reduce risk and help
increase portfolio returns. LoCorr offers investment solutions that
not only provide the potential for positive returns in rising or
falling markets but also help to achieve diversification in
investment portfolios. LoCorr Funds is headquartered in Excelsior,
MN. For more information, please visit www.LoCorrFunds.com or call
1.888.628.2887.
About Graham Capital Management
Graham Capital Management, L.P. is an alternative investment
manager founded in 1994 by Kenneth G. Tropin. For three decades,
Graham has specialized in providing compelling quantitative and
discretionary alpha opportunities across a variety of market
environments that seek low correlation to traditional investments.
While Graham is one of the longest-running macro and
trend-following managers, the Firm is committed to the innovative
evolution of its strategies, supported by an established
investment, technology, and operational infrastructure. By
leveraging the unique synergies between the Firm’s quantitative and
discretionary trading businesses, Graham has developed a broad
range of complementary alpha strategies with a focus on thoughtful
portfolio construction, active risk management, and diversification
by design. Significant proprietary capital is invested in many of
Graham’s strategies, contributing to the alignment of interest
between the Firm and its clients. Graham’s clients include global
institutions, endowments and foundations, family offices, sovereign
wealth funds, investment management advisors, and qualified
individual investors. For more information, please visit
www.GrahamCapital.com.
For additional information about LoCorr
Funds, contact:Jenny Brookfield, 952-767-6906
© 2024 Morningstar, Inc. All Rights Reserved. The
information contained herein: (1) is proprietary to Morningstar;
(2) may not be copied or distributed; and (3) is not warranted to
be accurate, complete, or timely. Neither Morningstar nor its
content providers are responsible for any damages or losses arising
from any use of this information. Past performance is no guarantee
of future results.
The Morningstar Rating™ for funds is calculated for
managed products with at least a three-year history, without
adjustment for sales loads. The top 10% of products in each product
category receive 5 stars, the next 22.5% receive 4 stars, the next
35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom
10% receive 1 star. The Overall Morningstar Rating™ for a managed
product is derived from a weighted average of the performance
figures associated with its three- and five-year Morningstar
Rating™ metrics. The weights are: 100% three-year rating for 36-59
months of total returns, 60% five-year rating/40% three-year rating
for 60-119 months of total returns, and 50% 10-year rating/30%
five-year rating/20% three-year rating for 120 or more months of
total returns. While the 10-year overall star rating formula seems
to give the most weight to the 10-year period, the most recent
three-year period actually has the greatest impact because it is
included in all three rating periods. The LoCorr Market Trend Fund
(LOTIX) was rated 4 stars among 67, 4 stars among 64, and 4 stars
among 45 Systematic Trend funds in the overall, 3, 5 and 10 years,
respectively, as of 6/30/24, based on risk-adjusted returns. The
Morningstar Rating is for the Institutional share class only; other
classes may have different performance characteristics.
Morningstar classifies funds into categories based
on similar investment objective and strategy. Morningstar rankings
are based on a fund's total return compared to its Morningstar
Category of exchange-traded and open-end mutual funds. The highest
rank is 1. The Fund's rankings may have been lower were it not for
fee waivers in effect during the ranking periods.
Rankings are relative to a peer group and
do not necessarily mean the Fund had high or positive total
returns. Morningstar updates its fund rankings daily. Past
performance does not guarantee future results.
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 calling
1.855.LCFUNDS, or visiting www.LoCorrFunds.com. Read it carefully
before investing.
Mutual fund investing involves risk.
Principal loss is possible. The Fund invests in foreign investments
and foreign currencies which involve greater volatility and
political, economic and currency risks and differences in
accounting methods. The Fund may make short sales of securities,
which involves the risk that losses may exceed the original amount
invested. Investing in commodities may subject the Fund 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. The Fund may invest
in derivative securities, which derive their performance from the
performance of an underlying asset, index, interest rate or
currency exchange rate. Derivatives can be volatile and involve
various types and degrees of risks, and, depending upon the
characteristics of a particular derivative, suddenly can become
illiquid. 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 Fund
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 Fund. 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.
Diversification does not assure a profit
nor protect against loss in a declining market.
Correlation measures how much the returns of two
investments move together over time. Past performance is
not necessarily indicative of future results.
S&P 500 Index is a
capitalization weighted unmanaged benchmark index that includes the
stocks of 500 large capitalization companies in major
industries. Bloomberg U.S. Aggregate Bond
Index is a broad-based bond index comprised of
government, corporate, mortgage and asset-back issues rated
investment grade or higher.
The LoCorr Funds are distributed by Quasar
Distributors, LLC. © 2024 LoCorr Funds