LoCorr Dynamic Equity Fund (LEQIX)
Under normal market conditions, the fund invests at least 80% of its assets, defined as net assets plus the amount of any borrowings for investment purposes, in long or short positions in equity securities of domestic and foreign companies. It invests in securities of issuers without restriction as to capitalization or country, including emerging markets. The fund invests in convertible debt securities of any maturity or credit quality, including those known as "junk bonds."
Fund Info
| ISIN | US5401328837 |
|---|---|
| CUSIP | 540132883 |
| Issuer | LoCorr Funds |
| Inception Date | May 9, 2013 |
| Category | Long-Short |
| Min. Investment | $100,000 |
| Asset Class | Equity |
Asset Class Size | Small-Cap |
Asset Class Style | Blend |
Expense Ratio
LEQIX has a high expense ratio of 1.99%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in LoCorr Dynamic Equity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
LoCorr Dynamic Equity Fund had a return of -2.25% year-to-date (YTD) and 5.45% in the last 12 months. Over the past 10 years, LoCorr Dynamic Equity Fund had an annualized return of 3.15%, while the S&P 500 had an annualized return of 10.67%, indicating that LoCorr Dynamic Equity Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -2.25% | 9.49% |
| 1 month | -0.85% | 1.20% |
| 6 months | 10.34% | 18.29% |
| 1 year | 5.45% | 26.44% |
| 5 years (annualized) | 2.72% | 12.64% |
| 10 years (annualized) | 3.15% | 10.67% |
Monthly Returns
The table below presents the monthly returns of LEQIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -3.83% | 1.91% | 1.62% | -2.51% | -2.25% | ||||||||
| 2023 | 1.82% | -1.53% | -1.12% | -1.66% | 1.60% | 1.84% | 1.46% | -4.91% | -1.34% | -4.60% | 5.49% | 9.23% | 5.54% |
| 2022 | -3.43% | 0.08% | -0.08% | -4.68% | -1.78% | -3.36% | 3.66% | 1.03% | -3.58% | 2.74% | 0.52% | 0.10% | -8.80% |
| 2021 | 0.08% | 6.57% | 1.66% | 3.65% | 1.35% | -1.70% | -0.68% | 1.06% | -1.87% | 1.76% | -1.28% | 3.43% | 14.59% |
| 2020 | -2.54% | -8.45% | -14.83% | 4.84% | 6.05% | 2.49% | 1.21% | 3.80% | -1.83% | 1.37% | 9.49% | 4.95% | 4.03% |
| 2019 | 6.75% | 1.77% | -0.46% | 3.49% | -2.84% | 4.48% | 0.79% | -2.34% | 1.15% | 0.61% | -0.87% | 0.77% | 13.68% |
| 2018 | 0.17% | -0.92% | -1.94% | 0.86% | -3.15% | 0.79% | -0.00% | 3.32% | -0.59% | -6.20% | 1.54% | -6.68% | -12.53% |
| 2017 | -1.23% | 0.25% | -1.08% | 1.18% | -1.91% | 2.37% | -0.08% | 1.74% | 0.24% | -2.84% | 2.25% | 1.83% | 2.58% |
| 2016 | -8.65% | 4.62% | 5.71% | 2.34% | 2.59% | -0.39% | 4.97% | 5.57% | 1.14% | -2.09% | 5.51% | 2.44% | 25.33% |
| 2015 | -4.78% | 7.16% | 1.00% | 0.39% | 1.48% | 2.62% | -2.64% | -6.60% | -4.36% | 4.99% | 4.14% | -3.58% | -1.22% |
| 2014 | -8.52% | -0.10% | -0.95% | -1.44% | -0.59% | 6.08% | -5.64% | 2.06% | -5.28% | 1.72% | -3.49% | 1.85% | -14.18% |
| 2013 | -1.80% | -0.20% | 4.59% | -4.10% | 4.07% | 2.83% | 4.56% | 4.54% | 15.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of LEQIX is 17, indicating that it is in the bottom 17% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
LEQIX (LoCorr Dynamic Equity Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for LoCorr Dynamic Equity Fund (LEQIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
LoCorr Dynamic Equity Fund granted a 1.51% dividend yield in the last twelve months. The annual payout for that period amounted to $0.18 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.18 | $0.18 | $0.15 | $0.78 | $0.00 | $0.04 | $0.39 | $0.53 | $0.00 | $0.00 | $0.04 |
Dividend yield | 1.51% | 1.47% | 1.31% | 6.09% | 0.00% | 0.33% | 3.86% | 4.40% | 0.00% | 0.00% | 0.41% |
Monthly Dividends
The table displays the monthly dividend distributions for LoCorr Dynamic Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.15 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.78 | $0.78 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.39 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.53 | $0.53 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2014 | $0.04 | $0.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the LoCorr Dynamic Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the LoCorr Dynamic Equity Fund was 32.49%, occurring on Mar 23, 2020. Recovery took 192 trading sessions.
The current LoCorr Dynamic Equity Fund drawdown is 6.25%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -32.49% | Jan 29, 2018 | 541 | Mar 23, 2020 | 192 | Dec 23, 2020 | 733 |
| -25.53% | Jan 2, 2014 | 529 | Feb 8, 2016 | 147 | Sep 7, 2016 | 676 |
| -17.78% | Nov 8, 2021 | 496 | Oct 27, 2023 | — | — | — |
| -5.45% | Jun 2, 2021 | 33 | Jul 19, 2021 | 76 | Nov 3, 2021 | 109 |
| -5.39% | Aug 7, 2013 | 18 | Aug 30, 2013 | 30 | Oct 14, 2013 | 48 |
Volatility
Volatility Chart
The current LoCorr Dynamic Equity Fund volatility is 2.51%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.