LoCorr Macro Strategies Fund (LFMAX)
The investment seeks capital appreciation in rising and falling equity markets with managing volatility as a secondary objective. The fund seeks to achieve its investment objectives by allocating its assets using two principal strategies: "Managed Futures" Strategy and "Fixed Income" Strategy. The Managed Futures strategy is designed to produce capital appreciation by capturing returns related to the commodity and financial markets. The Fixed Income strategy is designed to generate interest income and preserve principal by investing primarily in investment grade securities.
Fund Info
| ISIN | US5401321071 |
|---|---|
| CUSIP | 540132107 |
| Issuer | LoCorr Funds |
| Inception Date | Mar 21, 2011 |
| Category | Systematic Trend |
| Min. Investment | $2,500 |
| Asset Class | Alternatives |
Expense Ratio
LFMAX has a high expense ratio of 2.13%, 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 Macro Strategies 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 Macro Strategies Fund had a return of 10.30% year-to-date (YTD) and 6.85% in the last 12 months. Over the past 10 years, LoCorr Macro Strategies Fund had an annualized return of 5.13%, while the S&P 500 had an annualized return of 10.55%, indicating that LoCorr Macro Strategies Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 10.30% | 7.26% |
| 1 month | 2.91% | -2.63% |
| 6 months | 3.42% | 22.78% |
| 1 year | 6.85% | 22.71% |
| 5 years (annualized) | 6.16% | 11.87% |
| 10 years (annualized) | 5.13% | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.44% | 3.04% | 1.54% | |||||||||
| 2023 | -0.98% | -2.96% | -3.62% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of LFMAX is 33, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
LoCorr Macro Strategies Fund(LFMAX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for LoCorr Macro Strategies Fund (LFMAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
LoCorr Macro Strategies Fund granted a 2.69% dividend yield in the last twelve months. The annual payout for that period amounted to $0.22 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.22 | $0.22 | $1.17 | $0.39 | $0.48 | $0.38 | $0.22 | $0.52 | $0.18 | $0.25 | $1.05 | $0.01 |
Dividend yield | 2.69% | 2.96% | 14.38% | 4.79% | 5.65% | 4.48% | 2.83% | 5.98% | 1.97% | 2.87% | 12.34% | 0.06% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $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 | $0.22 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.17 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.05 |
| 2013 | $0.01 |
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 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 19.98%, occurring on Oct 9, 2013. Recovery took 356 trading sessions.
The current LoCorr Macro Strategies Fund drawdown is 3.40%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.98% | Jul 27, 2011 | 554 | Oct 9, 2013 | 356 | Mar 11, 2015 | 910 |
| -12.53% | Oct 11, 2022 | 309 | Jan 3, 2024 | — | — | — |
| -12.51% | Jan 29, 2018 | 246 | Jan 18, 2019 | 145 | Aug 16, 2019 | 391 |
| -9.39% | Apr 14, 2015 | 62 | Jul 10, 2015 | 131 | Jan 15, 2016 | 193 |
| -9.26% | Feb 21, 2020 | 20 | Mar 19, 2020 | 197 | Dec 29, 2020 | 217 |
Volatility
Volatility Chart
The current LoCorr Macro Strategies Fund volatility is 2.20%, 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.