Fund Evaluator:
LoCorr Strategic Allocation I (LSAIX)
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Best Performing in Multistrategy Over the Last Year
| 35.9% | AQR Alternative Risk Premia N (QRPNX) |
| 21.4% | AQR Style Premia Alternative N (QSPNX) |
| 14.2% | Goldman Sachs Multi-Strategy Alts Inv (GIMMX) |
| 13.0% | AQR Diversifying Strategies N (QDSNX) |
| 12.7% | Blackstone Alternative Multi-Strategy Y (BXMYX) |
Fund Details
LoCorr Strategic Allocation I Overview
LoCorr Strategic Allocation I (LSAIX) is an actively managed Alternative Multistrategy fund. LoCorr Funds launched the fund in 2025.
The investment seeks capital appreciation. The fund seeks to achieve its investment objectives by allocating its assets using three principal strategies Managed Futures Strategy, Equity Strategy, Fixed Income Strategy. The Adviser will pursue the fund’s investment objectives, in part, by utilizing its investment and risk management process.
About LoCorr Strategic Allocation I (LSAIX)
There are 8 members of the management team with an average tenure of 1.56 years: David Gorton (2025), Warren Naphtal (2025), Jon Essen (2025), Gordon Wotherspoon (2025), Michael Pomada (2025), Jennifer Mihara (2025), David Souza (2025), Sean Katof (2025). Management tenure is more important for actively managed funds than passive index funds.
LoCorr Strategic Allocation I has 1221 securities in its portfolio. The top 10 holdings constitute 46.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
LoCorr Strategic Allocation I is part of the Alternative Strategies global asset class and is within the Alternative fund group. LoCorr Strategic Allocation I has 12.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 61.0%. There is 6.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is -62.4% (-68.6% domestic bond, 6.2% foreign bond and 0.0% convertible bond). LoCorr Strategic Allocation I has 92.7% of the portfolio in cash.
Assets Under Management
The fund has $116 million in total assets, which is below the $511 million average for the Multistrategy category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
LSAIX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The LoCorr Strategic Allocation I expense ratio is high compared to funds in the Multistrategy category. LoCorr Strategic Allocation I has an expense ratio of 1.59%, which is 23% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. LoCorr Strategic Allocation I has a portfolio turnover rate of 72%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 289% for the Multistrategy category.
Recently, in the month of July 2026, LoCorr Strategic Allocation I returned -0.9%, which earned it a grade of F, as the Multistrategy category had an average return of 0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
LoCorr Strategic Allocation I has a trailing yield of 0.89%, which is below the 2.97% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
LoCorr Strategic Allocation I Grades
Year to date, the fund has returned 8.6%, 3.3 percentage points better than the category, which translates into a grade of A. The fund has returned 16.6% over the past year (grade of A).
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LSAIX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| LSAIX Return (NAV) | -0.9% | 2.2% | 16.6% | na | na | na |
| LSAIX Grade | F | B | A | na | na | na |
| +/- Category | -1.7% | 0.4% | 5.8% | na | na | na |
| Multistrategy Avg | 0.8% | 1.8% | 10.8% | 7.7% | 5.3% | 3.7% |
| LSAIX Tax Cost Ratio | na | na | 0.4% | na | na | na |
LSAIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LSAIX Return (NAV) | 8.6% | na | na | na | na | na | na | na | na | na | na |
| LSAIX Grade | A | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 3.3% | na | na | na | na | na | na | na | na | na | na |
| Multistrategy Avg | 5.3% | 7.8% | 6.1% | 6.4% | -0.4% | 6.2% | 2.0% | 7.0% | -4.9% | 5.0% | 2.0% |
| Risk Measures | |
| Standard Deviation: | na |
| Total Risk Index: | na |
| Category Risk Index: | na |
| Category Risk Grade: | |
| Beta: | na |
| R-Squared: | na |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.9% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $120 Mil |
| Fund Total Assets: | $ 117 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 72% |
Management Team
| Number of Managers: 8 | |||
| Longest Tenure: 1.6 years | |||
| Average Tenure: 1.6 years | |||
| Managers (Year): Gorton David (2025), Naphtal Warren (2025), Essen Jon (2025), Wotherspoon Gordon (2025), Pomada Michael (2025), Mihara Jennifer (2025), Souza David (2025), Katof Sean (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 1221 |
| % in Top 10 Holdings: | 46.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 12.6% |
Portfolio Allocation |
|
| Domestic Stock: | 61.0% |
| Foreign Stock: | 6.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | -68.6% |
| Foreign Bond: | 6.2% |
| Convertible Bond: | 0.0% |
| Other: | 2.3% |
| Cash: | 92.7% |
Purchase Information
| Fund Family: | LoCorr Funds |
| Phone Number: | 855-523-8637 |
| Website: | www.LoCorrFunds.com |
| Status: | Open |
| Inception Date: | January 8, 2025 |
| Min. Initial Purchase: | $100,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.59% ( Rating : High ) |
| Category Average Expense Ratio (%): | 2.05% |
| Share Class: | LoCorr Strategic Allocation I |
| Min. Subsequent Purchase: | $ 500 |
| Min. Subsequent IRA Purchase: | $ 0 |
