Received a Morningstar Overall Rating of 4 stars out of 67 funds in the Systematic Trends category based on risk-adjusted returns as of June 30, 2024.
MINNEAPOLIS, July 11, 2024 (GLOBE NEWSWIRE) — LoCorr Funds, a leader in low-correlation alternative investing, today announced that the LoCorr Market Trend Fund (LOTIX) will celebrate its 10th anniversary on June 30, 2024.
LoCorr Market Trend Fund is ranked 4th out of 45 funds in Morningstar’s Systematic Trend Category and has an Overall Morningstar Rating of 4 Stars based on 10-year total returns as of June 30, 2024. (LoCorr Long/Short Commodities Strategy Fund, LCSIX, LCSAX, and LCSCX hold the top 3 rankings in this category for the 10-year period ending June 30, 2024.) Market Trend Fund features a global macro-oriented strategy that seeks to achieve low correlation with nearly all asset classes, providing strong diversification benefits and positive absolute returns while mitigating downside risks.
“We are thrilled to celebrate this important milestone of the Rocol Market Trend Fund’s 10th anniversary and to have it recognized as a four-star fund by Morningstar at this time,” said Kevin Kinsey, CEO of Rocol Funds. “We launched the Market Trend Fund 10 years ago with the belief that a low-correlation strategy with daily liquidity deserves a place in every client’s portfolio. This belief remains true today, and we are thrilled to offer the fund as one of Morningstar’s top four in the Systematic Trend category.”
“Additionally, we are proud to launch the Market Trends Fund with Graham Capital Management (Graham) as our sub-advisor, providing our advisors and their clients with access to highly regarded institutional investors through the 40-Year Act Fund. We appreciate Graham’s continued work on strategies that provide diversification through unique revenue streams and create smoother operations for their clients.”
“We are honored to celebrate the 10th anniversary of the LoCorr Market Trend Fund and our longstanding partnership with LoCorr,” said Brian Douglas, CEO of Graham Capital Management. “This milestone is a testament to our two firms’ shared commitment to delivering exceptional value to clients. Over the past decade, the fund has provided investors with valuable diversification, particularly in recent years, when we have seen significant turbulence in both stocks and bonds. We look forward to continuing our collaboration and supporting the fund’s success.”
With a sequence of returns that typically differs from traditional stock and bond investments, the LoCorr Market Trend Fund was launched in response to the demand from advisors seeking diversification strategies to provide portfolio stability and growth in an ever-changing investment environment. Since its launch on June 30, 2014, the fund has had a correlation of 0.05 with the S&P 500 Index and -0.24 with the Bloomberg U.S. Aggregate Bond Index.
LoCorr Market Trend Fund (LOTIX) was ranked 32nd of 69 funds, 14th of 67 funds, 11th of 64 funds, and 4th of 45 funds in Morningstar’s Systematic Trend category for one-year, three-year, five-year, and 10-year periods as of June 30, 2024, based on total returns. LoCorr Long/Short Commodities Strategy Fund (LCSIX) was ranked 36th of 69 funds, 56th of 67 funds, 53rd of 64 funds, and 1st of 45 funds. LoCorr Long/Short Commodities Strategy Fund (LCSAX) was ranked 41st of 69 funds, 59th of 67 funds, 57th of 64 funds, and 2nd of 45 funds. Additionally, LoCorr Long/Short Commodities Strategy Fund (LCSCX) ranked 46th out of 69 funds, 61st out of 67 funds, 62nd out of 64 funds, and 3rd out of 45 funds in Morningstar’s Systematic Trends category based on total returns as of June 30, 2024, for the one-year, three-year, five-year, and 10-year periods, respectively.
About LoCorr Funds
LoCorr Funds is a leading provider of low correlation investment strategies founded on the belief that non-traditional investment strategies with low correlation to stocks and bonds can reduce risk and increase portfolio returns. LoCorr offers investment solutions that not only deliver positive returns in rising and falling markets, but also diversify investment portfolios. LoCorr Funds is headquartered in Excelsior, Minnesota. For more information, please visit: Click here for details or call 1.888.628.2887.
About Graham Capital Management
Graham Capital Management LP is an alternative investment manager founded in 1994 by Kenneth G. Tropin. For 30 years, Graham has specialized in providing attractive quantitative and discretionary alpha opportunities in a variety of market environments with low correlation to traditional investments. Although Graham is one of the longest-standing macro and trend-following managers, he is committed to innovative evolution of strategies supported by an established investment, technology, and operational infrastructure. Leveraging the unique synergies between his quantitative and discretionary trading businesses, Graham has developed a wide range of complementary alpha strategies with an emphasis on thoughtful portfolio construction, active risk management, and diversification by design. Many of Graham’s strategies have significant amounts of proprietary capital invested, contributing to the alignment of the firm’s interests with those of its clients. Graham’s clients include global institutions, endowments and foundations, family offices, sovereign wealth funds, investment management advisors, and accredited individual investors. For more information, please visit www.graham.com/. Graham Capital.
For additional information regarding the LoCorr Funds, please 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 guaranteed to be accurate, complete, or current. Neither Morningstar nor its content providers are liable for any damages or losses arising from the use of this information. Past performance is no guarantee of future results.
Morningstar Ratings™ for funds are 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 five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars, and the bottom 10% receive one star. The overall Morningstar Rating™ for managed products is calculated as a weighted average of the performance figures associated with the three- and five-year Morningstar Rating™ indices. Weighting is as follows: 100% three-year if total returns are 36-59 months; 60% five-year/40% three-year if total returns are 60-119 months; and 50% 10-year/30% five-year/20% three-year if total returns are 120 months or longer. While the formula for the 10-year overall star rating appears to place the most weight on the 10-year period, the most recent three years actually have the most impact as they are included in all three rating periods. LoCorr Market Trend Fund (LOTIX) was rated 4 stars out of 67, 4 stars out of 64, and 4 stars out of 45 Systematic Trend funds for overall, 3-year, 5-year, and 10-year periods, respectively, based on risk-adjusted returns as of June 30, 2024. Morningstar ratings are for institutional share classes only, and performance characteristics may vary for other classes.
Morningstar places funds into categories based on similar investment objectives and strategies. Morningstar rankings are based on a fund’s total return compared to exchange-traded and open-end mutual funds in its Morningstar category. The highest ranking is 1. If a fee waiver had not been in effect during the ranking period, the fund may have been ranked lower.
Rankings are relative to peer groups and do not necessarily mean that a fund’s total returns are high or positive. Morningstar updates fund rankings daily. Past performance is no guarantee of future results.
You should carefully consider the fund’s investment objectives, risks, charges and expenses before investing. The prospectus contains this and other important information about the investment company and can be obtained by calling 1.855.LCFUNDS or visiting www.LoCorrFunds.com. Please read the prospectus carefully before investing.
Investing in mutual funds involves risks. Losses from capital are possible. The Fund invests in foreign investments and currencies, which involve significant volatility, political, economic and currency risks, and differences in accounting methods. The Fund may engage in short sales of securities, which involve the risk that losses may exceed the amount of the original investment. Investments in commodities may expose the Fund to greater risk and volatility as commodity prices may be affected by a variety of factors, including adverse weather, environmental factors and changes in government regulations. The Fund may invest in derivative securities. The performance of derivative securities is derived from the performance of the underlying asset, index, interest rate or exchange rate. Derivatives can be volatile and involve different types and degrees of risk, and may suddenly become less liquid depending on the characteristics of a particular derivative. Derivative contracts usually have inherent leverage in their terms, which may magnify the Fund’s potential gains or losses due to increased exposure of long and short positions. The Fund may have access to derivatives through swap agreements. The risk of a swap agreement is the risk that the other party to the agreement will not fulfill its obligations to make payments to the Fund. Fixed income investments generally decline in value when interest rates rise. This risk is generally greater for longer-term obligations. Investing in asset-backed, residential mortgage-backed and collateralized mortgage-backed securities involves additional risks of which investors should be aware, including credit risk, prepayment risk, potential liquidity deficiencies or defaults, and susceptibility to adverse economic conditions.
Diversification does not guarantee a profit or protect against loss in declining markets. It measures how closely the returns of two investments move together over time. Past performance is not necessarily indicative of future results.
S&P 500 Index It is a market-capitalization weighted, unmanaged benchmark index that includes stocks from the 500 largest market-capitalization companies across major industries. Bloomberg U.S. Aggregate Bond Index It is a broad-based bond index comprised of government, corporate, mortgage and asset-backed securities rated investment grade or above.
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