Spectrum Income Fund
DAILY NAV as of 4/15/2021
Ticker | CUSIP | NAV | $ Change | % Change | % YTD |
---|---|---|---|---|---|
LSPIX | 540132859 | 7.01 | 0.04 | 0.57 | 16.47 |
DAILY NAV as of 4/15/2021
Ticker | CUSIP | NAV | $ Change | % Change | % YTD |
---|---|---|---|---|---|
LSPAX | 540132875 | 7.03 | 0.03 | 0.43 | 16.34 |
DAILY NAV as of 4/15/2021
Ticker | CUSIP | NAV | $ Change | % Change | % YTD |
---|---|---|---|---|---|
LSPCX | 540132867 | 7.11 | 0.04 | 0.57 | 16.30 |
Investment Objective
The Fund's primary objective is current income, with capital appreciation as a secondary objective.
Period Ending 03/31/2021
Ticker | YTD | 1 Year | 3 Year | 5 Year | Since Inception | Inception Date | |
Class A | LSPAX | 12.86% | 70.32% | 8.14% | 5.49% | 1.98% | 12/31/2013 |
Class A (with load) | LSPAX | 6.30% | 60.37% | 6.01% | 4.24% | 1.15% | 12/31/2013 |
Class C | LSPCX | 12.86% | 69.19% | 7.33% | 4.72% | 1.22% | 12/31/2013 |
Class C (with load) | LSPCX | 11.86% | 68.19% | 7.33% | 4.72% | 1.22% | 12/31/2013 |
Class I | LSPIX | 12.98% | 70.76% | 8.38% | 5.77% | 2.26% | 12/31/2013 |
Fund Expense Ratios
Spectrum Income Fund: Fund Total Expense – 3.32% (A), 4.07% (C), 3.07% (I)
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 952.513.8195. The Fund imposes a 2.00% redemption fee on shares sold within 60 days. Investment performance reflects fee waivers in effect. In the absence of such waivers, total return would be reduced. Performance data shown with load for Class A shares reflects a 5.75% sales load and for Class C shares reflects a 1.00% CDSC. Performance data shown without the load does not reflect the current maximum sales charges for Class A shares (up to 5.75% front-end) and Class C shares (1.00% CDSC). Had the sales charge been included, the fund’s returns would be lower.
Expense cap: 2.05% (A), 2.80% (C), 1.80% (I). The Fund’s expense cap listed here includes the 12b-1 distribution and/or servicing fees per share class, but excludes taxes, interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, indirect expenses, expenses of other investment companies in which the Fund may invest, or extraordinary expenses such as litigation and inclusive of organizational cost incurred prior to the commencement of operations will not exceed 1.80%/daily average net assets attributable to each class of the Fund, as stated above, net of contractual waiver through April 30, 2020. Gross expense ratios are as of the Fund’s most recent prospectus and were applicable to investors.
The Fund invests in foreign investments and foreign currencies which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for emerging markets. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in small - and medium-capitalization companies involve additional risks such as limited liquidity and greater volatility. Investments in lower-rated and nonrated securities presents a greater risk of loss to principal and interest than higher rated securities. The Fund may make short sales of securities, which involves the risk that losses may exceed the original amount invested. 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 risks, and, depending upon the characteristics of a particular derivative, suddenly can become illiquid. Derivative contracts ordinarily have leverage inherent in their terms which can magnify the Fund’s potential for gains or losses through increased long and short position exposure. The Fund’s portfolio will be significantly impacted by the performance of the real estate market generally, and the Fund may be exposed to greater risk and experience higher volatility than would a more economically diversified portfolio. Property values may fall due to increasing vacancies or declining rents resulting from economic, legal, cultural, or technological developments. Investments in Limited Partnerships (including master limited partnerships) involve risks different from those of investing in common stock including risks related to limited control and limited rights to vote on matters affecting the Limited Partnership, risks related to potential conflicts of interest between the Limited Partnership and the Limited Partnership’s general partner, cash flow risks, dilution risks and risks related to the general partner’s limited call right. Underlying Funds are subject to management and other expenses, which will be indirectly paid by the Fund. There is no assurance that any hedging strategies utilized by the Fund will successfully provide a hedge to the portfolio’s holdings which could negatively impact Fund performance.
Click here for important disclosure and definition information.
Period Ending 3/31/21
Class A | Class C | Class I | |
---|---|---|---|
Ticker | LSPAX | LSPCX | LSPIX |
Inception Date | 1/1/14 | 1/1/14 | 1/1/14 |
Minimum Investment | $2,500 | $2,500 | $100,000 |
Subsequent Investment | $500 | $500 | $500 |
Gross Expense Ratio | 3.32% | 4.07% | 3.07% |
Total Fund Net Assets | $68,319,960 |
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 952.513.8195. The Fund imposes a 2.00% redemption fee on shares sold within 60 days. Investment performance reflects fee waivers in effect. In the absence of such waivers, total return would be reduced. Performance data shown with load for Class A shares reflects a 5.75% sales load and for Class C shares reflects a 1.00% CDSC. Performance data shown without the load does not reflect the current maximum sales charges for Class A shares (up to 5.75% front-end) and Class C shares (1.00% CDSC). Had the sales charge been included, the fund’s returns would be lower.
Expense cap: 2.05% (A), 2.80% (C), 1.80% (I). The Fund’s expense cap listed here includes the 12b-1 distribution and/or servicing fees per share class, but excludes taxes, interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, indirect expenses, expenses of other investment companies in which the Fund may invest, or extraordinary expenses such as litigation and inclusive of organizational cost incurred prior to the commencement of operations will not exceed 1.80%/daily average net assets attributable to each class of the Fund, as stated above, net of contractual waiver through April 30, 2020. Gross expense ratios are as of the Fund’s most recent prospectus and were applicable to investors.
The Fund invests in foreign investments and foreign currencies which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for emerging markets. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in small - and medium-capitalization companies involve additional risks such as limited liquidity and greater volatility. Investments in lower-rated and nonrated securities presents a greater risk of loss to principal and interest than higher rated securities. The Fund may make short sales of securities, which involves the risk that losses may exceed the original amount invested. 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 risks, and, depending upon the characteristics of a particular derivative, suddenly can become illiquid. Derivative contracts ordinarily have leverage inherent in their terms which can magnify the Fund’s potential for gains or losses through increased long and short position exposure. The Fund’s portfolio will be significantly impacted by the performance of the real estate market generally, and the Fund may be exposed to greater risk and experience higher volatility than would a more economically diversified portfolio. Property values may fall due to increasing vacancies or declining rents resulting from economic, legal, cultural, or technological developments. Investments in Limited Partnerships (including master limited partnerships) involve risks different from those of investing in common stock including risks related to limited control and limited rights to vote on matters affecting the Limited Partnership, risks related to potential conflicts of interest between the Limited Partnership and the Limited Partnership’s general partner, cash flow risks, dilution risks and risks related to the general partner’s limited call right. Underlying Funds are subject to management and other expenses, which will be indirectly paid by the Fund. There is no assurance that any hedging strategies utilized by the Fund will successfully provide a hedge to the portfolio’s holdings which could negatively impact Fund performance.
Click here for important disclosure and definition information.
Top Ten Holdings as of 3/31/21
Holding | Issuer | Percent of Net Assets |
---|---|---|
Crestwood Equity Partners LP | CEQP | 4.01% |
Newtek Business Services Corp. | NEWT | 3.02% |
Ares Capital Corp. | ARCC | 2.92% |
Global Partners LP | GLP | 2.89% |
Hercules Capital, Inc. | HTGC | 2.84% |
Brookfield Renewable Partners LP | BEP | 2.72% |
Moelis & Co. | MC | 2.67% |
Hoegh LNG Partners LP | HMLP | 2.55% |
Atlantica Sustainable Infrastructure PLC | AY | 2.41% |
Starwood Property Trust, Inc. | STWD | 2.20% |
Fund holdings and asset allocations are subject to change and are not recommendations to buy or sell any security.
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 952.513.8195. The Fund imposes a 2.00% redemption fee on shares sold within 60 days. Investment performance reflects fee waivers in effect. In the absence of such waivers, total return would be reduced. Performance data shown with load for Class A shares reflects a 5.75% sales load and for Class C shares reflects a 1.00% CDSC. Performance data shown without the load does not reflect the current maximum sales charges for Class A shares (up to 5.75% front-end) and Class C shares (1.00% CDSC). Had the sales charge been included, the fund’s returns would be lower.
Expense cap: 2.05% (A), 2.80% (C), 1.80% (I). The Fund’s expense cap listed here includes the 12b-1 distribution and/or servicing fees per share class, but excludes taxes, interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, indirect expenses, expenses of other investment companies in which the Fund may invest, or extraordinary expenses such as litigation and inclusive of organizational cost incurred prior to the commencement of operations will not exceed 1.80%/daily average net assets attributable to each class of the Fund, as stated above, net of contractual waiver through April 30, 2020. Gross expense ratios are as of the Fund’s most recent prospectus and were applicable to investors.
The Fund invests in foreign investments and foreign currencies which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for emerging markets. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in small - and medium-capitalization companies involve additional risks such as limited liquidity and greater volatility. Investments in lower-rated and nonrated securities presents a greater risk of loss to principal and interest than higher rated securities. The Fund may make short sales of securities, which involves the risk that losses may exceed the original amount invested. 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 risks, and, depending upon the characteristics of a particular derivative, suddenly can become illiquid. Derivative contracts ordinarily have leverage inherent in their terms which can magnify the Fund’s potential for gains or losses through increased long and short position exposure. The Fund’s portfolio will be significantly impacted by the performance of the real estate market generally, and the Fund may be exposed to greater risk and experience higher volatility than would a more economically diversified portfolio. Property values may fall due to increasing vacancies or declining rents resulting from economic, legal, cultural, or technological developments. Investments in Limited Partnerships (including master limited partnerships) involve risks different from those of investing in common stock including risks related to limited control and limited rights to vote on matters affecting the Limited Partnership, risks related to potential conflicts of interest between the Limited Partnership and the Limited Partnership’s general partner, cash flow risks, dilution risks and risks related to the general partner’s limited call right. Underlying Funds are subject to management and other expenses, which will be indirectly paid by the Fund. There is no assurance that any hedging strategies utilized by the Fund will successfully provide a hedge to the portfolio’s holdings which could negatively impact Fund performance.
Click here for important disclosure and definition information.
Materials | ||||||
Quarterly Fund Commentary | Download » | |||||
Fund Fact Sheet | Download » | |||||
Reports | ||||||
Prospectus | Download » | |||||
Statement of Additional Information | Download » | |||||
Information Statement | Download » | |||||
Semi-Annual Report | Download » | |||||
Annual Report | Download » | |||||
Forms and Applications | ||||||
Regular Account Application | Download » | |||||
IRA Account Application | Download » | |||||
Entity Account Application | Download » | |||||
Certification of Beneficial Owners | Download » | |||||
IRA Transfer/Rollover Form | Download » | |||||
IRA Disclosure | Download » | |||||
Documents and Privacy | ||||||
Privacy Policy | Download » | |||||
LoCorr Funds Tax Insert 2020 | Download » | |||||
LoCorr Funds Tax Insert 2019 | Download » | |||||
LoCorr Funds Tax Insert 2018 | Download » | |||||
LoCorr Funds Tax Insert 2017 | Download » | |||||
LoCorr Funds Tax Insert 2016 | Download » | |||||
19a-1 Notice for Distribution – March 31, 2021 | Download » | |||||
19a-1 Notice for Distribution – Most recent month-end | Download » |
You may purchase shares of LoCorr Funds directly through the transfer agent, US Bancorp,by completing the appropirate application available above. You may also purchase shares of LoCorr Funds through brokers that distribute the Funds. Please call 1.855.LCFUNDS (1.855.523.8637) with any questions on purchasing options.
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 952.513.8195. The Fund imposes a 2.00% redemption fee on shares sold within 60 days. Investment performance reflects fee waivers in effect. In the absence of such waivers, total return would be reduced. Performance data shown with load for Class A shares reflects a 5.75% sales load and for Class C shares reflects a 1.00% CDSC. Performance data shown without the load does not reflect the current maximum sales charges for Class A shares (up to 5.75% front-end) and Class C shares (1.00% CDSC). Had the sales charge been included, the fund’s returns would be lower.
Expense cap: 2.05% (A), 2.80% (C), 1.80% (I). The Fund’s expense cap listed here includes the 12b-1 distribution and/or servicing fees per share class, but excludes taxes, interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, indirect expenses, expenses of other investment companies in which the Fund may invest, or extraordinary expenses such as litigation and inclusive of organizational cost incurred prior to the commencement of operations will not exceed 1.80%/daily average net assets attributable to each class of the Fund, as stated above, net of contractual waiver through April 30, 2020. Gross expense ratios are as of the Fund’s most recent prospectus and were applicable to investors.
The Fund invests in foreign investments and foreign currencies which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for emerging markets. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in small - and medium-capitalization companies involve additional risks such as limited liquidity and greater volatility. Investments in lower-rated and nonrated securities presents a greater risk of loss to principal and interest than higher rated securities. The Fund may make short sales of securities, which involves the risk that losses may exceed the original amount invested. 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 risks, and, depending upon the characteristics of a particular derivative, suddenly can become illiquid. Derivative contracts ordinarily have leverage inherent in their terms which can magnify the Fund’s potential for gains or losses through increased long and short position exposure. The Fund’s portfolio will be significantly impacted by the performance of the real estate market generally, and the Fund may be exposed to greater risk and experience higher volatility than would a more economically diversified portfolio. Property values may fall due to increasing vacancies or declining rents resulting from economic, legal, cultural, or technological developments. Investments in Limited Partnerships (including master limited partnerships) involve risks different from those of investing in common stock including risks related to limited control and limited rights to vote on matters affecting the Limited Partnership, risks related to potential conflicts of interest between the Limited Partnership and the Limited Partnership’s general partner, cash flow risks, dilution risks and risks related to the general partner’s limited call right. Underlying Funds are subject to management and other expenses, which will be indirectly paid by the Fund. There is no assurance that any hedging strategies utilized by the Fund will successfully provide a hedge to the portfolio’s holdings which could negatively impact Fund performance.
Click here for important disclosure and definition information.