LSPCX: LoCorr Spectrum Income C

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LSPCX LoCorr Spectrum Income C


Profile

LSPCX - Profile

Vitals

  • YTD Return 1.3%
  • 3 Yr Annualized Return -4.4%
  • 5 Yr Annualized Return -5.9%
  • Net Assets $73.1 M
  • Holdings in Top 10 26.9%

52 WEEK LOW AND HIGH

$7.05
$6.72
$7.12

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.73%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 82.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $2,500
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--70% to 85% Equity

Distributions

  • YTD Total Return 1.3%
  • 3 Yr Annualized Total Return 0.3%
  • 5 Yr Annualized Total Return -0.8%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.26%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    LoCorr Spectrum Income Fund
  • Fund Family Name
    LoCorr Funds
  • Inception Date
    Dec 31, 2013
  • Shares Outstanding
    2673113
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jon Essen

Fund Description

The fund seeks to achieve its investment objectives by allocating its assets primarily among income-producing securities using an "Income" Strategy. The Income strategy employed by the fund's sub-adviser attempts to produce current income and capital appreciation. The composition of the portfolio will vary over time according to the sub-adviser's evaluation of economic and market conditions, including prospects for growth and inflation, as they affect the potential returns from different classes of securities.


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Categories

Performance

LSPCX - Performance

Return Ranking - Trailing

Period LSPCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -17.9% 20.9% 47.38%
1 Yr 0.4% -59.0% 69.4% 58.31%
3 Yr -4.4%* -25.5% 33.4% 64.86%
5 Yr -5.9%* -25.9% 26.2% 63.89%
10 Yr N/A* -8.5% 32.6% N/A

* Annualized

Return Ranking - Calendar

Period LSPCX Return Category Return Low Category Return High Rank in Category (%)
2019 10.3% -52.1% 71.9% 50.46%
2018 -15.0% -43.8% 7.5% 54.76%
2017 -3.9% -25.3% 59.5% 69.71%
2016 -0.8% -24.5% 47.9% 89.92%
2015 -13.2% -65.1% 11.8% 63.03%

Total Return Ranking - Trailing

Period LSPCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -17.9% 20.9% 47.38%
1 Yr 1.0% -59.0% 69.4% 57.40%
3 Yr 0.3%* -25.5% 38.7% 56.16%
5 Yr -0.8%* -25.9% 29.2% 56.48%
10 Yr N/A* -8.0% 34.3% N/A

* Annualized

Total Return Ranking - Calendar

Period LSPCX Return Category Return Low Category Return High Rank in Category (%)
2019 11.6% -52.1% 71.9% 46.50%
2018 -8.8% -38.4% 8.2% 33.33%
2017 2.6% -25.3% 68.6% 68.25%
2016 5.9% -24.5% 65.5% 66.94%
2015 -8.0% -65.1% 11.8% 59.24%

NAV & Total Return History


Holdings

LSPCX - Holdings

Concentration Analysis

LSPCX Category Low Category High LSPCX % Rank
Net Assets 73.1 M 1.07 M 8.07 B 55.13%
Number of Holdings 87 3 1896 32.17%
Net Assets in Top 10 19.2 M -2.74 M 2.11 B 66.09%
Weighting of Top 10 26.88% 12.9% 238.7% 81.85%

Top 10 Holdings

  1. Newtek Business Services Corp 3.06%
  2. Crestwood Equity Partners LP 3.02%
  3. AGNC Investment Corp 3.01%
  4. Two Harbors Investment Corp 2.98%
  5. Annaly Capital Management Inc 2.96%
  6. Apollo Commercial Real Estate Finance Inc 2.82%
  7. Global Partners LP 2.32%
  8. NextEra Energy Partners LP 2.27%
  9. Hercules Capital Inc 2.23%
  10. Global Net Lease Inc 2.22%

Asset Allocation

Weighting Return Low Return High LSPCX % Rank
Stocks
91.14% 80.15% 188.60% 82.32%
Bonds
5.82% -81.18% 78.08% 12.46%
Preferred Stocks
2.54% 0.00% 9.95% 7.83%
Cash
0.36% -93.51% 58.00% 71.01%
Convertible Bonds
0.11% 0.00% 3.64% 8.70%
Other
0.03% -65.39% 24.96% 17.39%

Stock Sector Breakdown

Weighting Return Low Return High LSPCX % Rank
Energy
31.20% 0.00% 100.00% 29.36%
Real Estate
26.77% 0.00% 99.68% 3.36%
Financial Services
13.81% 0.00% 60.67% 40.98%
Industrials
7.83% 0.00% 49.77% 58.72%
Utilities
6.79% 0.00% 37.40% 13.76%
Technology
5.55% 0.00% 57.56% 65.75%
Basic Materials
3.55% 0.00% 10.91% 26.91%
Consumer Cyclical
3.33% 0.00% 34.98% 64.22%
Communication Services
1.17% 0.00% 20.99% 59.02%
Healthcare
0.00% 0.00% 99.62% 94.19%
Consumer Defense
0.00% 0.00% 20.50% 92.66%

Stock Geographic Breakdown

Weighting Return Low Return High LSPCX % Rank
US
85.37% 80.15% 186.80% 81.16%
Non US
5.77% -0.33% 39.88% 23.48%

Bond Sector Breakdown

Weighting Return Low Return High LSPCX % Rank
Corporate
37.54% 0.00% 100.00% 12.21%
Cash & Equivalents
30.78% -0.91% 100.00% 77.91%
Government
24.16% 0.00% 99.94% 8.14%
Derivative
6.47% 0.00% 50.12% 2.91%
Securitized
1.01% 0.00% 28.64% 8.14%
Municipal
0.04% 0.00% 2.09% 6.40%

Bond Geographic Breakdown

Weighting Return Low Return High LSPCX % Rank
Non US
4.40% -0.01% 38.23% 4.93%
US
1.42% -119.41% 63.71% 17.10%

Expenses

LSPCX - Expenses

Operational Fees

LSPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.73% 0.37% 37.17% 23.31%
Management Fee 1.30% 0.03% 2.64% 89.86%
12b-1 Fee 1.00% 0.00% 1.00% 90.21%
Administrative Fee N/A 0.05% 0.45% N/A

Sales Fees

LSPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 71.74%

Trading Fees

LSPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 27.45%

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.

LSPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 82.00% 0.00% 5191.00% 62.39%

Distributions

LSPCX - Distributions

Dividend Yield Analysis

LSPCX Category Low Category High LSPCX % Rank
Dividend Yield 1.18% 0.00% 11.75% 26.38%

Dividend Distribution Analysis

LSPCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

LSPCX Category Low Category High LSPCX % Rank
Net Income Ratio 2.26% -49.00% 4.56% 5.47%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

LSPCX - Fund Manager Analysis

Managers

Jon Essen


Start Date

Tenure

Tenure Rank

Dec 31, 2013

6.09

6.1%

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.

Steven Carhart


Start Date

Tenure

Tenure Rank

Dec 31, 2013

6.09

6.1%

Mr. Carhart has been with the sub-adviser since its founding in 2016. He has been an investment manager since 1987. His previous experience includes President and Chief Investment Officer of Trust & Fiduciary Management Services, Inc. from 1999 to 2016, management of institutional portfolios at the Northern Trust Company from 1987 to 1991; portfolio manager of the Baker Fentress closed-end fund from 1991 through 1996; and management of the Pioneer Mid Cap fund from 1996 to 1999. Mr. Carhart holds an SB in Electrical Engineering from the Massachusetts Institute of Technology and an SM from the Sloan School of Management at MIT. He is also a CFA® Charterholder.

Sean Katof


Start Date

Tenure

Tenure Rank

Mar 28, 2016

3.85

3.9%

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.

Art DeGaetano


Start Date

Tenure

Tenure Rank

Mar 28, 2016

3.85

3.9%

Mr. DeGaetano is the Managing Member of Bramshill Investments. Before starting Bramshill in May of 2012, Mr. DeGaetano was a Senior Portfolio Manager at GLG Partners from 2007. Prior to GLG Partners, he traded at RBS Greenwich Capital where he was a Managing Director and Head of Credit Trading for two years. Prior to RBS, he traded for 12 years for Bear Stearns and was a Senior Managing Director and Head Trader on the high yield desk. Mr. DeGaetano has a B.A. from Colgate University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 41.62 6.11 9.84