LoCorr Macro Strategies Fund (LFMAX)

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LoCorr Macro Strategies Fund (LFMAX) is up 9.2% since the beginning of the year. LFMAX is currently trading at $8 per share. Investors who bought $1,000 worth of LFMAX shares 5 years ago would now be looking at an investment worth $1,223.

LoCorr Macro Strategies Fund (LFMAX) has returned 9.20% so far this year and 13.63% over the past 12 months. Over the last ten years, LFMAX has returned 3.90% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Apr 6, 2011, LFMAX's average daily return is +0.01%, while the average monthly return is +0.27%. At this rate, an investment would double in approximately 21.4 years.

Historically, 54% of months were positive and 46% were negative. The best month was Jun 2016 with a return of +6.1%, while the worst month was May 2013 at -8.2%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 4 months.

On a daily basis, LFMAX closed higher 48% of trading days. The best single day was Jun 24, 2016 with a return of +3.2%, while the worst single day was Mar 12, 2020 at -3.7%.

LoCorr Macro Strategies Fund has an annualized alpha of 2.77%, beta of 0.04, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since April 06, 2011.

• This fund captured 9.19% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -0.34%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.04 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

LFMAX has a high expense ratio of 2.13%, indicating above-average management fees.

LFMAX ranks 83 for risk / return — in the top 83% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

LoCorr Macro Strategies Fund provided a 2.70% dividend yield over the last twelve months, with an annual payout of $0.22 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for LoCorr Macro Strategies Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the LoCorr Macro Strategies 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 Macro Strategies Fund was 23.16%, occurring on Oct 9, 2013. Recovery took 571 trading sessions.

The current LoCorr Macro Strategies Fund drawdown is 1.42%.

The chart below shows the rolling one-month volatility.