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LoCorr Long/Short Equity Fund Class A (LEQAX)

10.20
Net Asset Value
+0.20%
1 Day
+5.81%
Year-to-Date
Overall Morningstar Rating
Long-short equity
Style or Category
5.75
Sales Expenses
3.91%
Expense Ratio
High
Morningstar Risk Rating™
Investment Objective The investment seeks long-term capital appreciation with reduced volatility compared to traditional broad-based equity market indices as a secondary objective. Under normal market conditions, the fund invests at least 80% of its assets, defined as net assets plus the amount of any borrowings for investment purposes, in long or short positions in equity securities of domestic and foreign companies. It invests in securities of issuers without restriction as to capitalization or country, including emerging markets. The fund invests in convertible debt securities of any maturity or credit quality, including those known as "junk bonds." It is non-diversified.

Performance

1 month-0.39% 3 years+1.41%
3 months+4.52% 5 years--
1 year-3.42% Since inception+0.85%
Data through --

Peer Comparisonvs. Long-short equity

 LEQAXCategory
Performance 5-yr return--+3.52%
Expense ratio3.91%1.94%
Risk 5 year sharpe ratio--0.35
Net assets$31.8M$262.1M
Average market cap$2.6B$43.6B
Average P/E12.515.9
Portfolio turnover269%269%

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Fund Management and Purchase Info

Fund familyLoCorr Funds
Fund manager & tenureJon Essen / 3 Years
Minimal initial investment$2,500.00
Minimum IRA investment$2,500.00

Holdings

U.S. stock59.56%
Cash40.24%
International stock0.21%
Fixed income0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
DRII Diamond Resorts International Inc10.90%
MTZ MasTec Inc9.81%
TEN Tenneco Inc9.29%
URI United Rentals Inc6.82%
CACC Credit Acceptance Corp4.75%
CCS Century Communities Inc4.36%
NXST Nexstar Broadcasting Group Inc2.92%
RGS Regis Corp2.87%
JPM JPMorgan Chase2.11%
WFC Wells Fargo2.07%

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