MINNEAPOLIS, Jan. 24, 2022 (GLOBE NEWSWIRE) — LoCorr Funds, a leading provider of low correlation investment solutions, is pleased to announce the 10th anniversary of its Long/Short Commodities Strategy Fund (LCSAX, LCSCX , LCSIX). The Fund has been selected and added to asset allocation models by many industry leading brokers to deliver consistent performance with low correlation1 to traditional asset classes.
Long/Short Commodities Strategy Fund Delivers Exceptional Performance The Long/Short Commodities Strategy Fund, which launched on January 1, 2012, reached its 10th anniversary this month, a rare milestone in Morningstar’s Systematic Trend category with less 11% of funds in the category achieving this longevity2. The fund (category I), as of December 31, 2021, had strong risk-adjusted returns and was rated as a 5-star Morningstar fund in the category overall, 5-year and 10-year periods out of 73, 64, and 25 funds , respectively. Significantly, the fund also achieved Morningstar rankings of the first quartile3 for the 1-year, 5-year and 10-year periods out of 79, 73 and 34 funds, respectively.
LoCorr Long/Short Commodities Strategy Fund is a multi-manager commodity strategy with the flexibility to take long and short positions in global commodity markets. The Fund seeks to provide portfolio diversification through low correlation to traditional markets and has the potential for profit during the rise and fall of commodity markets.
“We are delighted with the 10-year milestone that our Long/Short Commodities strategy fund has reached,” said Kevin Kinzie, CEO of LoCorr Funds. “This longevity is testament to our distinct multi-manager investment philosophy that sets us apart in the industry and reaffirms our commitment to providing our clients with not only strong diversification benefits, but also a positive investment experience.”
For more information about the LoCorr Long/Short Commodities Strategy Fund, visit www.LoCorrFunds.com or call the LoCorr Funds internal office at 952.767.6900.
About LoCorr Funds LoCorr Funds is well known for educating advisors and investors on the potential benefits of including low correlation alternative investments in portfolios. The company has over $2.9 billion in assets under management as of 12/31/21. The LoCorr Long/Short Commodities Strategy Fund is one of five funds in the LoCorr product line. Other funds include the LoCorr Macro Strategies fund; LoCorr Market Trend Fund; LoCorr Dynamic Equity Fund; and LoCorr Spectrum Income Fund.
The company was founded on the belief that alternative investment strategies with low correlation to stocks and bonds can reduce risk and help increase portfolio returns. LoCorr offers investment solutions that offer the potential for positive returns in bull or bear markets and help diversify investment portfolios. LoCorr Funds is headquartered in Excelsior, MN.
Media contact: Kristen Anderson, Marketing and Communications, 952.767.6908
1The LoCorr Long/Short Commodities Strategy Fund has a correlation of -0.26 with the S&P 500 Index and 0.06 with the BBgBarc US Aggregate Bond Index from inception to 03/12/21.
210.7% of funds in the Morningstar Systematic Trend category are 10 years or older as of 12/31/2021.
3 Absolute ranking by category/quartile of the Long/Short Commodities Strategy Fund (Class I) as of 12/31/21; 1 year: 3 (category), 1 (quartile) out of 79 funds; 3 years: 23 (category), 2 (quartile) out of 77 funds; 5 years: 3 (category), 1 (quartile) out of 73 funds; 10 years: 1 (category), 1 (quartile) out of 34 funds.
The Fund’s investment objectives, risks, charges and expenses should be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it can be obtained by calling 1.855.LCFUNDS or visiting www.LoCorrFunds.com. Read it carefully before investing.
Investing in a mutual fund involves risk. Main loss is possible. The Fund is non-diversified, which means that it may concentrate its assets in fewer individual securities than a diversified fund. Therefore, the Fund is more exposed to the volatility of an individual investment than a diversified fund. 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 carry out uncovered sales of securities, which involves the risk that losses exceed the amount initially invested. Investing in commodities may expose the Fund to greater risk and volatility as commodity prices may be influenced by a variety of factors, including adverse weather conditions, 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 risk and, depending on the characteristics of a particular derivative, can suddenly become illiquid. Derivative contracts generally have leverage inherent in their terms, which can magnify the Fund’s potential for gains or losses through increased exposure to long and short positions. The Fund may access derivatives through 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 generally lose value when interest rates rise. This risk is generally higher for longer-term debt securities. Investments in asset-backed, mortgage-backed and mortgage-backed securities involve additional risks of which investors should be aware, such as credit risk, prepayment risk, possible illiquidity and default, as well as increased sensitivity to adverse economic developments.
Past performance does not represent future results.
Correlation measures how well the returns of two investments move together over time. The S&P 500 Index is an unmanaged, capitalization-weighted benchmark that includes the stocks of 500 large-cap companies across major industries. This total return index includes net dividends and is calculated by adding an indexed dividend yield to the index price change for a given period. The BBgBarc US Aggregate Bond Index is a broad bond index comprised of government, corporate, mortgage and asset-backed issues rated investment grade or better.
Diversification does not guarantee profit or protect against loss in a declining market.
Morningstar ranking is for LCSIX, other share classes may have different rankings. Absolute Morningstar Ranking represents a fund’s total return ranking relative to all funds that have the same Morningstar category. Highest rank = 1 and lowest = total number of funds in the category. Morningstar Total Return includes both income and capital gains or losses and is not adjusted for sales charges or redemption fees.
The Morningstar Rating™ for Funds, or “Star Rating”, is calculated for managed products (including mutual funds, variable annuity and variable life insurance sub-accounts, exchange-traded funds, closed-end funds and segregated accounts) with at least a three-year history, without adjustment for sales charges. Exchange-traded funds and open-ended mutual funds are considered as one population for comparison purposes. It is calculated using a Morningstar risk-adjusted return measure that takes into account the variation in monthly excess performance of a managed product, with greater emphasis on downside variations and rewarding a consistent performance. 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 numbers associated with its three-, five-, and 10-year (where applicable) Morningstar Rating™ metrics. Weightings 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% of 10 rating years/30 months. % five-year odds/20% three-year odds for 120 months or more 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. . © 2021 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) are not guaranteed 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. The LoCorr Long/Short Commodities Strategy Fund has been rated 4 stars among 73 Managed Futures funds over the past 3 years, and has been rated 5 stars among 64 Managed Futures funds over the past 5 years. The Morningstar Rating is for the Institutional share class only; other classes may have different performance characteristics.
LoCorr Funds are distributed by Quasar Distributors, LLC.
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