0001145549-21-014423.txt : 20210304 0001145549-21-014423.hdr.sgml : 20210304 20210304133232 ACCESSION NUMBER: 0001145549-21-014423 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20201231 FILED AS OF DATE: 20210304 DATE AS OF CHANGE: 20210304 EFFECTIVENESS DATE: 20210304 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LoCorr Investment Trust CENTRAL INDEX KEY: 0001506768 IRS NUMBER: 000000000 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-22509 FILM NUMBER: 21713407 BUSINESS ADDRESS: STREET 1: 687 EXCELSIOR BLVD CITY: EXCELSIOR STATE: MN ZIP: 55331 BUSINESS PHONE: 952-767-2920 MAIL ADDRESS: STREET 1: 687 EXCELSIOR BLVD CITY: EXCELSIOR STATE: MN ZIP: 55331 0001506768 S000031540 LoCorr Macro Strategies Fund C000098137 Class A LFMAX C000098138 Class C LFMCX C000098139 Class I LFMIX 0001506768 S000035412 LoCorr Long/Short Commodities Strategy Fund C000108780 Class A LCSAX C000108781 Class C LCSCX C000108782 Class I LCSIX 0001506768 S000040449 LoCorr Dynamic Equity Fund C000125631 Class A LEQAX C000125632 Class C LEQCX C000125633 Class I LEQIX 0001506768 S000043632 LoCorr Spectrum Income Fund C000135273 Class A LSPAX C000135274 Class C LSPCX C000135275 Class I LSPIX 0001506768 S000045488 LoCorr Market Trend Fund C000141580 Class A LOTAX C000141581 Class C LOTCX C000141582 Class I LOTIX N-CEN 1 primary_doc.xml X0303 N-CEN LIVE 0001506768 XXXXXXXX false false false N-1A S000031540 C000098137 C000098138 C000098139 S000035412 C000108780 C000108781 C000108782 S000045488 C000141580 C000141581 C000141582 S000040449 C000125631 C000125632 C000125633 S000043632 C000135273 C000135274 C000135275 LoCorr Investment Trust 811-22509 0001506768 54930075F5KEPQITLS33 687 Excelsior Blvd Excelsior 55331 US-MN US 9527672920 U.S. Bancorp Fund Services, LLC 615 East Michigan Street Milwaukee 53202 8336121912 Administrator, Transfer Agent and Fund Accountant U.S. Bank, N.A. 1555 N. 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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders and Board of Trustees of

LoCorr Investment Trust

In planning and performing our audit of the consolidated financial statements of LoCorr Macro Strategies Fund, LoCorr Long/Short Commodities Strategy Fund, and LoCorr Market Trend Fund and the financial statements of LoCorr Dynamic Equity Fund and LoCorr Spectrum Income Fund (the "Funds"), each a series of LoCorr Investment Trust, as of and for the year ended December 31, 2020, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N" CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP). A fund's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Funds' annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Funds' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds' internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of December 31, 2020.

This report is intended solely for the information and use of management and the Board of Trustees of the Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ COHEN & COMPANY, LTD.

COHEN & COMPANY, LTD.

Milwaukee, Wisconsin

March 1, 2021

C O H E N & C O M P A N Y , L T D .

800.229.1099 | 866.818.4535 fa x | cohencpa.com

Registered with the Public Company Accounting Oversight Board