LoCorr Funds has reduced the management fees for the LoCorr Macro Strategies Fund, formerly the Managed Futures Strategy Fund, as the fund surpasses USD1 billion in net assets.
The new fee structure will reduce the management fee from 1.85 per cent to 1.75 per cent for all Macro Strategies Fund share classes, reduce the expense cap for all share classes and eliminate the short-term redemption fee for the fund.
LoCorr Macro Strategies Fund has achieved a Five-Star Overall Morningstar Rating among 97 Managed Futures Funds based on the three- and five-year risk adjusted return for the period ending 3/31/2017. The fund also achieved top-quartile performance in the Morningstar Managed Futures Category over the one, three, and five-year periods (for the period ending 31/3/2017).
The fund is a multi-manager solution combining three established investment managers, each with a long history of investment expertise in the managed futures space.
Graham Capital Management (founded in 1994 with over USD14 billion AUM), Millburn Ridgefield (with a history of research dating back to the 1970s), and Revolution Capital Management (a shorter-term Commodity Trading Advisor), all offer well-established strategies with long-term track records, and when combined, deliver the potential for enhanced risk-adjusted returns.
“We believe this move to reduce fees for the Macro Strategies Fund will further benefit Fund Shareholders,” says Kevin Kinzie, CEO of LoCorr Funds. “We believe these changes have the potential to make this fund one of the most competitive multi-manager investment solutions of its type in the industry. At LoCorr, we remain committed to delivering solutions that can provide low correlation to traditional stocks and bonds and to making these solutions easily available to clients.”
