LOTIX: LoCorr Market Trend Fund - MutualFunds.com
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LoCorr Market Trend I

LOTIX - Snapshot

Vitals

  • YTD Return 7.2%
  • 3 Yr Annualized Return 7.7%
  • 5 Yr Annualized Return 2.7%
  • Net Assets $277 M
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$12.62
$10.33
$12.89

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.79%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 125.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA N/A

Fund Classification

  • Primary Theme N/A
  • Fund Type Open End Mutual Fund
  • Investment Style Systematic Trend

Compare LOTIX to Popular Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$107.52

+0.32%

$1.22 T

-

$0.00

13.53%

0.14%

$220.37

+0.44%

$1.22 T

0.98%

$2.15

13.55%

0.03%

$389.41

+0.46%

$739.47 B

1.39%

$5.39

13.50%

0.03%

$393.08

+0.20%

$739.47 B

-

$0.00

13.41%

0.14%

$67.34

+0.45%

$405.62 B

1.99%

$1.34

12.07%

0.08%

LOTIX - Profile

Distributions

  • YTD Total Return 7.2%
  • 3 Yr Annualized Total Return 7.7%
  • 5 Yr Annualized Total Return 2.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.27%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    LoCorr Market Trend Fund
  • Fund Family Name
    LoCorr Funds
  • Inception Date
    Jun 30, 2014
  • Shares Outstanding
    19478578
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jon Essen

Fund Description

The fund seeks to achieve its investment objectives by allocating its assets using two principal strategies: "Market Trend" Strategy and "Fixed Income" Strategy. The Market Trend strategy is a macro-oriented quantitative strategy that employs various investment techniques to select long and short positions in the global futures and foreign exchange markets. The Fixed Income strategy is designed to generate interest income and preserve principal by investing primarily in investment grade securities.


LOTIX - Performance

Return Ranking - Trailing

Period LOTIX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.2% -7.4% 14.6% 39.36%
1 Yr 19.1% -16.1% 36.5% 15.05%
3 Yr 7.7%* -7.9% 13.3% 20.22%
5 Yr 2.7%* -5.3% 10.0% 49.40%
10 Yr N/A* -2.4% 4.3% N/A

* Annualized

Return Ranking - Calendar

Period LOTIX Return Category Return Low Category Return High Rank in Category (%)
2020 4.5% -16.4% 12.9% 31.18%
2019 17.0% -9.3% 17.5% 3.26%
2018 -13.4% -25.8% 2.2% 77.91%
2017 3.8% -5.1% 21.0% 36.84%
2016 -11.1% -20.3% 4.6% 76.06%

Total Return Ranking - Trailing

Period LOTIX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.2% -7.4% 14.6% 38.30%
1 Yr 19.1% -20.3% 36.5% 11.83%
3 Yr 7.7%* -9.0% 11.1% 15.73%
5 Yr 2.7%* -5.7% 8.7% 44.58%
10 Yr N/A* -2.4% 4.3% N/A

* Annualized

Total Return Ranking - Calendar

Period LOTIX Return Category Return Low Category Return High Rank in Category (%)
2020 4.5% -16.4% 12.9% 31.18%
2019 17.0% -9.3% 17.5% 3.26%
2018 -13.4% -20.3% 2.5% 81.40%
2017 3.8% -5.1% 21.0% 43.42%
2016 -9.5% -20.3% 6.7% 80.28%

NAV & Total Return History


LOTIX - Holdings

Concentration Analysis

LOTIX Category Low Category High LOTIX % Rank
Net Assets 277 M 2.12 M 1.74 B 38.30%
Number of Holdings 276 3 876 26.60%
Net Assets in Top 10 57.5 M -100 M 2.04 B 47.87%
Weighting of Top 10 N/A 20.3% 94.0% 0.72%

Top 10 Holdings

  1. 2 Year Treasury Note Future Sept 20 97.25%
  2. 2 Year Treasury Note Future Sept 20 97.25%
  3. 2 Year Treasury Note Future Sept 20 97.25%
  4. 2 Year Treasury Note Future Sept 20 97.25%
  5. 2 Year Treasury Note Future Sept 20 97.25%
  6. 2 Year Treasury Note Future Sept 20 97.25%
  7. 2 Year Treasury Note Future Sept 20 97.25%
  8. 2 Year Treasury Note Future Sept 20 97.25%
  9. 2 Year Treasury Note Future Sept 20 97.25%
  10. 2 Year Treasury Note Future Sept 20 97.25%

Asset Allocation

Weighting Return Low Return High LOTIX % Rank
Bonds
476.77% -50.36% 717.59% 7.45%
Stocks
37.94% -1.78% 72.26% 13.83%
Convertible Bonds
1.93% 0.00% 2.27% 7.45%
Preferred Stocks
0.00% 0.00% 0.13% 27.66%
Other
0.00% 0.00% 58.63% 90.43%
Cash
-416.63% -687.11% 117.03% 91.49%

Bond Sector Breakdown

Weighting Return Low Return High LOTIX % Rank
Government
71.02% 0.00% 82.10% 8.51%
Derivative
21.89% 0.00% 63.99% 37.23%
Corporate
3.32% 0.00% 31.20% 24.47%
Securitized
2.62% 0.00% 64.73% 21.28%
Cash & Equivalents
1.07% 1.07% 100.00% 97.87%
Municipal
0.08% 0.00% 6.83% 14.89%

Bond Geographic Breakdown

Weighting Return Low Return High LOTIX % Rank
Non US
463.91% -77.11% 655.95% 7.45%
US
12.86% -169.44% 233.08% 58.51%

LOTIX - Expenses

Operational Fees

LOTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.79% 0.75% 12.88% 62.37%
Management Fee 1.50% 0.65% 2.99% 68.09%
12b-1 Fee 0.00% 0.00% 1.00% 4.92%
Administrative Fee N/A 0.09% 0.45% N/A

Sales Fees

LOTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

LOTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 76.84%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

LOTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 125.00% 0.00% 198.00% 87.14%

LOTIX - Distributions

Dividend Yield Analysis

LOTIX Category Low Category High LOTIX % Rank
Dividend Yield 0.00% 0.00% 0.00% 21.28%

Dividend Distribution Analysis

LOTIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

LOTIX Category Low Category High LOTIX % Rank
Net Income Ratio -0.27% -3.14% 1.55% 37.63%

Capital Gain Distribution Analysis

LOTIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

LOTIX - Fund Manager Analysis

Managers

Jon Essen


Start Date

Tenure

Tenure Rank

Jun 30, 2014

6.92

6.9%

Mr. Essen has served as Chief Financial Officer of the Adviser since it was founded in November 2010. Mr. Essen also serves as Senior Vice President and Chief Financial Officer of Octavus Group, LLC, and as a Registered Representative of LoCorr Distributors, LLC, positions both held since April 2008. Mr. Essen also began serving as Principal and Chief Compliance Officer of LoCorr Distributors, LLC in September 2008. Mr. Essen also served as Chief Operating Officer of the Adviser and affiliates from 2008 to 2016. Previously, Mr. Essen served as Chief Operating Officer of a commercial finance enterprise from May 2002 to April 2008. Additionally, Mr. Essen was Chief Financial Officer of Jundt Associates, Inc. from 1998 to 2002.

Kenneth Tropin


Start Date

Tenure

Tenure Rank

Jun 30, 2014

6.92

6.9%

Kenneth G. Tropin is Chairman, Founder and a Principal of Graham Capital Management (“GCM”). In May 1994, he founded GCM and became an Associated Person and Principal effective July 27, 1994. Mr. Tropin developed the firm's original trading programs and is responsible for the overall management of the organization, including the investment of its proprietary trading capital. Mr. Tropin’s current responsibilities at Graham include oversight of the Firm’s quantitative research process and discretionary portfolio managers, Chairman of the Firm’s Management and Investment Committees, and Senior Member of the Firm’s Risk and Compliance Committees. Additionally, Mr. Tropin is responsible for managing the strategic investment of the Firm’s proprietary capital. Prior to founding Graham, Mr. Tropin had significant experience in the alternative investment industry, including 5 years (1989-1993) as President and Chief Executive Officer of John W. Henry & Company, Inc. and 8 years (1981-1989) as Senior Vice President and Director of Managed Futures at Dean Witter Reynolds. Mr. Tropin has also served as Chairman of the Managed Funds Association and its predecessor organization, which he was instrumental in founding during the 1980’s.

Pablo Calderini


Start Date

Tenure

Tenure Rank

Jun 30, 2014

6.92

6.9%

Pablo Calderini is the President and Chief Investment Officer of GCM and, among other things, is responsible for the management and oversight of the discretionary and systematic trading businesses at GCM. He joined GCM in August 2010 and became an Associated Person and Principal of GCM effective August 13, 2010. Prior to joining GCM, Mr. Calderini worked at Deutsche Bank from June 1997 to July 2010 where he held positions of increasing responsibility, most recently the Global Head of Equity Proprietary Trading. Mr. Calderini commenced his career at Deutsche Bank as Global Head of Emerging Markets. During his tenure at Deutsche Bank, Mr. Calderini also helped manage several groups across the fixed income and equity platforms, including the Global Credit Derivatives Team. Mr. Calderini received a B.A. in Economics from Universidad Nacional de Rosario in 1987 and a Masters in Economics from Universidad del Cema in 1988, each in Argentina.

Sean Katof


Start Date

Tenure

Tenure Rank

May 01, 2016

5.08

5.1%

Sean Katof, CFA, has served as Senior Vice President and Portfolio Manager for the Funds since 2016. Prior to joining LoCorr, Mr. Katof served as Director of Capital Markets at SLOCUM, an institutional consulting firm, from 2005 to 2015. Prior to joining SLOCUM, Mr. Katof served as Portfolio Manager at Devenir Investment Advisors where he managed the Industry Leaders Core Equity portfolio from 2004 to 2005. Prior to that, Mr. Katof was a Vice President and Portfolio Manager at INVESCO Funds Group where he worked from 1994 to 2003. Mr. Katof received his B.S. in Business Administration with an emphasis in Finance from the University of Colorado at Boulder and an M.S. in Finance from the University of Colorado at Denver. Mr. Katof holds the Chartered Financial Analyst (“CFA”) and Chartered Alternative Investment Analyst (“CAIA”) designations.

Tony Rodriguez


Start Date

Tenure

Tenure Rank

May 01, 2017

4.08

4.1%

Tony Rodriguez, Portfolio Manager. Mr. Rodriguez joined Nuveen in 2002 and serves as co-head of fixed income. Mr. Rodriguez served as a head of global corporate bonds for Credit Suisse Asset Management and managing director and head of corporate bonds for Prudential Global Asset Management. He received a B.A. in economics from Lafayette College and an M.B.A. in finance from New York University

Peter Agrimson


Start Date

Tenure

Tenure Rank

May 01, 2018

3.08

3.1%

Peter is a portfolio manager for Nuveen’s global fixed income team and the lead portfolio of the Short Duration Multi-Sector strategy and related institutional portfolios. Prior to his current role, he was a member of the securitized debt sector team, responsible for trading mortgage-backed securities, asset-backed securities and commercial mortgage-backed securities. Peter also performed credit analysis and surveillance for the firm’s mortgage backed securities and asset-backed securities portfolios. Before joining the firm in 2008, he served as credit analyst at Long Lake Partners, LLC, where he performed credit analysis for the company’s structured products portfolio. Peter graduated with a B.S. in Finance from Northern Illinois University. He holds the CFA® designation and is a member of the CFA® Institute.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 14.09 5.41 5.06