LoCorr Macro Strategies Fund
Consolidated Schedule of Investments
March 31, 2022 (Unaudited)
		Maturity	Coupon		Principal
		Date	Rate		Amount		Value
ASSET BACKED SECURITIES: 6.52%
321 Henderson Receivables I LLC
	Series 2006-1A A1 (1 Month LIBOR USD + 0.200%) (a)(c)	03/15/2041	0.60%	$	192,704	$	191,991
	Series 2006-4A A1 (1 Month LIBOR USD + 0.200%) (a)(c)	12/15/2041	0.60%		137,425		137,282
	Series 2004-A A1 (1 Month LIBOR USD + 0.350%) (a)(c)	09/15/2045	0.75%		56,426		55,870
American Homes 4 Rent Trust, 2014-SFR2 A (a)		10/17/2036	3.79%		725,301		726,844
AmeriCredit Automobile Receivables Trust, 2021-2 A3		12/18/2026	0.34%		5,010,000		4,879,739
AMSR Trust, 2020-SFR1 A (a)		04/17/2037	1.82%		499,521		474,119
Angel Oak Mortgage Trust, 2020-5 A3 (a)(d)		05/25/2065	2.04%		197,045		193,837
Bank of America Credit Card Trust, 2021-A1 A1		09/15/2026	0.44%		2,120,000		2,029,128
Carmax Auto Owner Trust
	Series 2019-1 A3	03/15/2024	3.05%		490,286		492,138
	Series 2021-4 A3	09/15/2026	0.56%		3,805,000		3,630,112
Carvana Auto Receivables Trust
	Series 2021-P2 A3	03/10/2026	0.49%		6,120,000		5,940,079
	Series 2021-P4 A-3	01/10/2027	1.31%		7,270,000		6,996,479
Citibank Credit Card Issuance Trust, 2018-A3 A3		05/23/2025	3.29%		3,500,000		3,544,506
Corevest American Finance Trust, 2020-1 A1 (a)		03/17/2050	1.83%		377,447		361,289
DB Master Finance LLC, 2021-1A A2I (a)		11/20/2051	2.05%		4,089,750		3,739,389
Diamond Resorts Owner Trust
	Series 2018-1 A (a)	01/21/2031	3.70%		713,038		714,680
	Series 2021-1A A (a)	11/21/2033	1.51%		1,771,762		1,706,063
Elara HGV Timeshare Issuer, 2021-A A (a)		08/27/2035	1.36%		2,497,021		2,356,687
Entergy New Orleans Storm Recovery Funding LLC, 2015-1 A		06/01/2027	2.67%		569,462		563,860
Ford Credit Auto Owner Trust, 2018-2 A (a)		01/15/2030	3.47%		1,400,000		1,415,152
Freddie Mac STACR REMIC Trust, 2021-HQA4 M1 (SOFR30A + 0.950%) (a)(c)		12/26/2041	1.05%		5,950,000		5,800,366
GM Financial Consumer Automobile Receivables Trust
	Series 2021-1 A3	10/16/2025	0.35%		3,640,000		3,569,483
	Series 2021-3 A3	06/16/2026	0.48%		5,370,000		5,178,401
Hilton Grand Vacations Trust, 2019-AA A (a)		07/25/2033	2.34%		1,592,036		1,556,824
Hyundai Auto Receivables Trust, 2020-C A3		05/15/2025	0.38%		5,520,000		5,421,906
Invitation Homes Trust
	Series 2018-SFR2 A (1 Month LIBOR USD + 0.900%) (a)(c)	06/18/2037	1.30%		2,374,411		2,366,241
	Series 2018-SFR3 A (1 Month LIBOR USD + 1.000%) (a)(c)	07/17/2037	1.44%		684,083		684,083
	Series 2018-SFR4 A (1 Month LIBOR USD + 1.100%) (a)(c)	01/19/2038	1.54%		901,288		897,435
Morgan Stanley Capital I Trust, 2004-HE6 M1 (1 Month LIBOR USD + 0.825%) (c)		08/25/2034	1.28%		328,334		322,931
MVW Owner Trust
	Series 2019-1A A (a)	11/20/2036	2.89%		697,070		688,531
	Series 2019-2A A (a)	10/20/2038	2.22%		996,897		969,563
	Series 2021-1WA A (a)	01/22/2041	1.14%		2,770,785		2,627,186
Navient Student Loan Trust, 2021-A A (a)		05/15/2069	0.84%		2,470,665		2,358,963
PFS Financing Corp.
	Series 2020-G A (a)	02/17/2026	0.97%		2,288,000		2,193,399
	Series 2021-B A (a)	08/17/2026	0.77%		3,550,000		3,340,141
Planet Fitness Master Issuer LLC, 3.25100 (a)		12/05/2051	3.25%		3,200,000		3,067,303
Progress Residential Trust, 2019-SFR4 B (a)		11/17/2036	2.94%		1,300,000		1,266,310
Sierra Receivables Funding LLC, 2018-3A A (a)		09/20/2035	3.69%		748,275		754,614
SoFi Professional Loan Program LLC
	Series 2016-C A2B (a)	12/27/2032	2.36%		143,176		143,335
	Series 2016-D A2B (a)	04/25/2033	2.34%		290,134		290,065
SoFi Professional Loan Program Trust, 2021-B AFX (a)		02/15/2047	1.14%		1,967,560		1,831,992
Taco Bell Funding LLC, 2021-1A A21 (a)		08/25/2051	1.95%		5,855,325		5,308,045
Tesla Auto Lease Trust
	Series 2020-A A2 (a)	05/20/2023	0.55%		258,849		258,741
	Series 2021-A B (a)	03/20/2025	1.02%		2,900,000		2,806,219
Toyota Lease Owner Trust, 2021-B A3 (a)		10/21/2024	0.42%		6,185,000		6,002,776
Tricon American Homes Trust
	Series 2017-SFR2 A (a)	01/18/2036	2.93%		475,406		471,962
	Series 2017-SFR2 B (a)	01/18/2036	3.28%		650,000		643,780
Verizon Owner Trust
	Series 2019-B A1A	12/20/2023	2.33%		716,501		718,350
	Series 2019-C A1A	04/20/2024	1.94%		380,878		381,369
Volkswagen Auto Loan Enhanced Trust, 2021-1 A-3		06/22/2026	1.02%		5,570,000		5,385,054
TOTAL ASSET BACKED SECURITIES (Cost $111,365,839)							107,454,612
CORPORATE BONDS: 21.44%
Agriculture: 0.28%
BAT Capital Corp.		08/15/2024	3.22%		1,100,000		1,100,534
BAT International Finance PLC (b)		03/25/2026	1.67%		3,910,000		3,592,292
							4,692,826
Auto Manufacturers: 0.60%
Daimler Finance North America LLC (a)		03/01/2024	0.75%		1,275,000		1,224,291
General Motors Financial Co, Inc.		10/15/2024	1.20%		1,265,000		1,201,984
General Motors Financial Co., Inc.		06/20/2025	2.75%		3,745,000		3,641,689
Volkswagen Group of America Finance LLC (a)		11/22/2023	0.88%		2,350,000		2,273,053
Volkswagen Group of America Finance LLC (a)		11/24/2025	1.25%		1,600,000		1,476,774
							9,817,791
Banks: 10.30%
Banco Santander SA (b)		02/23/2023	3.13%		2,800,000		2,820,292
Banco Santander SA (b)		03/24/2025	3.50%		2,000,000		2,003,807
Banco Santander SA (b)		05/28/2025	2.75%		1,015,000		990,237
Bank of America Corp.		01/11/2023	3.30%		4,040,000		4,084,961
Bank of America Corp. (SOFR + 0.740%) (c)		10/24/2024	0.81%		3,575,000		3,458,701
Bank of America Corp. (SOFR + 0.690%) (c)		04/22/2025	0.98%		15,380,000		14,752,093
Bank of America Corp. (SOFR + 1.150%) (c)		06/19/2026	1.32%		5,740,000		5,385,882
Bank of America Corp. (SOFR + 1.010%) (c)		10/24/2026	1.20%		4,010,000		3,702,328
Barclays PLC (1 Year CMT  Rate + 0.800%) (b)(c)		12/10/2024	1.01%		3,025,000		2,906,032
BNP Paribas SA (3 Month LIBOR USD + 1.111%) (a)(b)(c)		11/19/2025	2.82%		3,290,000		3,215,285
Citigroup, Inc. (3 Month LIBOR USD + 1.023%) (c)		06/01/2024	4.04%		2,355,000		2,386,135
Citigroup, Inc. (SOFR + 0.686%) (c)		10/30/2024	0.78%		5,145,000		4,973,411
Citigroup, Inc. (SOFR + 0.669%) (c)		05/01/2025	0.98%		5,390,000		5,142,131
Citigroup, Inc. (SOFR + 0.528%) (c)		11/03/2025	1.28%		2,765,000		2,632,250
Citigroup, Inc. (SOFR + 0.765%) (c)		01/28/2027	1.12%		1,570,000		1,444,243
Credit Suisse AG (b)		05/05/2023	1.00%		2,610,000		2,571,490
Credit Suisse AG (b)		08/09/2023	0.52%		2,845,000		2,769,256
Deutsche Bank NY (b)		05/28/2024	0.90%		1,670,000		1,591,361
Federation des Caisses Desjardins du Quebec (a)(b)		05/21/2024	0.70%		2,935,000		2,799,329
Goldman Sachs Group, Inc. (SOFR + 0.572%) (c)		03/08/2024	0.67%		21,065,000		20,624,701
Goldman Sachs Group, Inc.		03/15/2024	3.00%		3,300,000		3,298,839
Goldman Sachs Group, Inc. (SOFR + 0.609%) (c)		02/12/2026	0.86%		1,750,000		1,632,112
Goldman Sachs Group, Inc. (SOFR + 0.789%) (c)		12/09/2026	1.09%		2,710,000		2,484,827
HSBC Bank Canada (a)(b)		09/10/2023	1.65%		2,000,000		2,001,048
HSBC Holdings PLC (SOFR + 1.538%) (b)(c)		04/18/2026	1.65%		750,000		706,527
HSBC Holdings PLC (SOFR + 1.929%) (b)(c)		06/04/2026	2.10%		4,500,000		4,284,442
ING Groep NV (b)		04/09/2024	3.55%		2,695,000		2,730,416
ING Groep NV (SOFR + 1.640%) (b)(c)		03/28/2026	3.87%		2,595,000		2,608,808
JP Morgan Chase & Co.		01/25/2023	3.20%		5,570,000		5,628,777
JP Morgan Chase & Co. (SOFR + 0.600%) (c)		09/16/2024	0.65%		450,000		437,803
JP Morgan Chase & Co. (SOFR + 0.420%) (c)		02/16/2025	0.56%		1,685,000		1,611,444
JP Morgan Chase & Co. (SOFR + 0.540%) (c)		06/01/2025	0.82%		5,485,000		5,234,547
JP Morgan Chase & Co. (SOFR + 0.800%) (c)		11/19/2026	1.05%		1,940,000		1,795,588
JP Morgan Chase & Co. (SOFR + 0.695%) (c)		02/04/2027	1.04%		2,755,000		2,527,515
Mitsubishi UFJ Financial Group, Inc. (1 Year CMT  Rate + 0.680%) (b)(c)		09/15/2024	0.85%		3,025,000		2,933,291
Mitsubishi UFJ Financial Group, Inc. (b)		02/25/2025	2.19%		2,690,000		2,603,495
Morgan Stanley		01/23/2023	3.13%		4,550,000		4,594,726
Morgan Stanley (SOFR + 0.455%) (c)		01/25/2024	0.53%		4,795,000		4,718,421
Morgan Stanley (SOFR + 0.616%) (c)		04/05/2024	0.73%		5,305,000		5,197,605
Morgan Stanley (SOFR + 0.525%) (c)		05/30/2025	0.79%		2,390,000		2,272,404
NatWest Markets PLC (a)(b)		05/21/2023	2.38%		2,620,000		2,606,675
NatWest Markets PLC (a)(b)		08/12/2024	0.80%		1,500,000		1,413,286
Standard Chartered PLC (3 Month LIBOR USD + 1.080%) (a)(b)(c)		03/15/2024	3.89%		1,450,000		1,460,725
Svenska Handelsbanken AB (a)(b)		06/30/2023	0.63%		1,860,000		1,821,216
Svenska Handelsbanken AB (a)(b)		06/11/2024	0.55%		1,750,000		1,666,954
Toronto-Dominion Bank (b)		09/10/2024	0.70%		2,500,000		2,374,818
Toronto-Dominion Bank (b)		09/10/2026	1.25%		3,095,000		2,849,502
Truist Financial Corp.		08/05/2025	1.20%		670,000		631,626
UBS AG/London (a)(b)		06/01/2023	0.38%		2,410,000		2,361,254
UBS AG/London (a)(b)		08/09/2024	0.70%		2,500,000		2,372,435
UBS Group AG (1 Year CMT  Rate + 0.830%) (a)(b)(c)		07/30/2024	1.01%		600,000		583,940
							169,698,991
Chemicals: 0.05%
Westlake Chemical Corp.		08/15/2024	0.88%		895,000		859,018
Cosmetics & Personal Care: 0.39%
GSK Consumer Healthcare Capital UK PLC (a)(b)		03/24/2025	3.13%		6,445,000		6,433,553
Diversified Financial Services: 1.33%
AerCap Ireland Capital/Global Aviation Trust (b)		10/29/2023	1.15%		2,730,000		2,614,786
AerCap Ireland Capital/Global Aviation Trust (b)		10/29/2024	1.65%		5,690,000		5,378,761
AerCap Ireland Capital/Global Aviation Trust (b)		01/15/2025	3.50%		4,220,000		4,139,887
AerCap Ireland Capital/Global Aviation Trust (b)		01/30/2026	1.75%		1,790,000		1,638,507
Air Lease Corp.		07/03/2023	3.88%		1,405,000		1,419,778
Air Lease Corp.		02/01/2024	4.25%		925,000		935,611
Capital One Bank		02/15/2023	3.38%		1,700,000		1,712,855
Charles Schwab Corp.		03/03/2027	2.45%		885,000		860,335
OMERS Finance Trust (a)(b)		05/02/2024	2.50%		1,930,000		1,928,297
Private Export Funding Corp.		06/15/2025	3.25%		1,255,000		1,276,366
							21,905,183
Electric: 0.45%
Eversource Energy		08/15/2025	0.80%		360,000		331,604
Exelon Generation Co. LLC		06/01/2025	3.25%		470,000		467,894
Southern California Edison Co.		08/01/2023	0.70%		2,605,000		2,538,654
Southern California Edison Co.		04/01/2024	1.10%		3,485,000		3,365,487
Southern California Edison Co.		02/01/2026	1.20%		715,000		657,978
							7,361,617
Entertainment: 0.44%
Magallanes, Inc. (a)		03/15/2025	3.64%		3,765,000		3,793,046
Magallanes, Inc. (a)		03/15/2027	3.76%		3,385,000		3,383,541
							7,176,587
Food: 0.20%
Conagra Brands, Inc.		08/11/2023	0.50%		1,235,000		1,196,098
McCormick & Co., Inc.		08/15/2024	3.15%		850,000		852,977
Mondelez International, Inc.		03/17/2024	2.13%		1,210,000		1,201,977
							3,251,052
Healthcare - Products: 1.18%
Baxter International, Inc. (a)		11/29/2024	1.32%		6,490,000		6,203,318
DH Europe Finance II Sarl (b)		11/15/2024	2.20%		2,405,000		2,358,054
PerkinElmer, Inc.		09/15/2024	0.85%		6,010,000		5,706,614
Thermo Fisher Scientific, Inc.		10/18/2024	1.22%		3,910,000		3,763,547
Zimmer Biomet Holdings, Inc.		11/22/2024	1.45%		1,500,000		1,439,985
							19,471,518
Healthcare - Services: 0.51%
HCA, Inc. (a)		03/15/2027	3.13%		1,300,000		1,272,108
Humana, Inc.		08/03/2023	0.65%		4,980,000		4,860,859
UnitedHealth Group, Inc.		05/15/2024	0.55%		2,420,000		2,320,073
							8,453,040
Insurance: 1.07%
Berkshire Hathaway Finance Corp.		03/15/2027	2.30%		1,980,000		1,945,976
Equitable Financial Life Global (a)		11/17/2023	0.50%		625,000		603,184
Equitable Financial Life Global (a)		07/07/2025	1.40%		2,400,000		2,255,699
Metropolitan Life Global Funding I (a)		06/07/2024	0.55%		2,645,000		2,504,474
Metropolitan Life Global Funding I (a)		07/02/2025	0.95%		2,355,000		2,204,317
Principal Life Global Funding II (a)		04/12/2024	0.75%		3,080,000		2,946,010
Principal Life Global Funding II (a)		01/12/2026	0.88%		2,405,000		2,197,647
Protective Life Global Funding (a)		07/05/2024	0.78%		3,185,000		3,024,647
							17,681,954
Miscellaneous Manufacturing: 0.17%
Parker-Hannifin Corp.		06/14/2024	2.70%		1,495,000		1,484,345
Trane Technologies Luxembourg Finance SA (b)		03/21/2026	3.50%		1,245,000		1,251,819
							2,736,164
Oil & Gas: 0.26%
Phillips 66		02/15/2024	0.90%		2,180,000		2,111,060
Saudi Arabian Oil Co. (a)(b)		04/16/2022	2.75%		2,150,000		2,150,361
							4,261,421
Packaging & Containers: 0.33%
Amcor Finance, Inc.		04/28/2026	3.63%		3,045,000		3,092,980
Berry Global, Inc.		02/15/2024	0.95%		2,480,000		2,375,864
							5,468,844
Pharmaceuticals: 1.16%
AbbVie, Inc.		11/21/2022	2.30%		1,805,000		1,810,786
AbbVie, Inc.		11/21/2024	2.60%		5,170,000		5,137,497
AbbVie, Inc.		05/14/2026	3.20%		1,260,000		1,264,879
Astrazeneca Finance LLC		05/28/2024	0.70%		3,930,000		3,779,578
CVS Health Corp.		08/12/2024	3.38%		3,305,000		3,345,574
Takeda Pharmaceutical Co. Ltd. (b)		11/26/2023	4.40%		3,750,000		3,844,703
							19,183,017
Pipelines: 0.54%
Enbridge, Inc. (b)		02/14/2025	2.50%		1,510,000		1,477,013
Energy Transfer Operating LP		05/15/2025	2.90%		810,000		793,216
MPLX LP		03/01/2026	1.75%		2,870,000		2,692,555
ONEOK, Inc.		09/01/2024	2.75%		1,125,000		1,119,180
TransCanada PipeLines Ltd. (b)		10/12/2024	1.00%		3,005,000		2,857,602
							8,939,566
Real Estate Investment Trusts: 0.58%
American Tower Corp.		09/15/2025	1.30%		5,020,000		4,682,049
Brixmor Operating Partnership LP		06/15/2024	3.65%		1,220,000		1,229,755
Camden Property Trust		12/15/2022	2.95%		732,000		735,013
Crown Castle International Corp.		07/15/2025	1.35%		1,010,000		942,756
SITE Centers Corp.		02/01/2025	3.63%		1,115,000		1,116,789
SITE Centers Corp.		06/01/2027	4.70%		850,000		881,043
							9,587,405
Retail: 0.04%
Genuine Parts Co.		02/01/2025	1.75%		730,000		697,783
Software: 0.24%
Roper Technologies, Inc.		09/15/2024	2.35%		980,000		965,333
VMware, Inc.		08/15/2024	1.00%		3,055,000		2,915,377
							3,880,710
Telecommunications: 1.00%
NBN Co. Ltd. (a)(b)		10/08/2024	0.88%		2,585,000		2,448,512
NTT Finance Corp. (a)(b)		04/03/2026	1.16%		2,495,000		2,303,267
T-Mobile USA, Inc.		04/15/2025	3.50%		5,560,000		5,602,884
Verizon Communications, Inc.		11/20/2025	0.85%		4,655,000		4,312,637
Verizon Communications, Inc.		03/20/2026	1.45%		1,830,000		1,722,603
							16,389,903
Transportation: 0.32%
Canadian Pacific Railway Co. (b)		12/02/2024	1.35%		5,455,000		5,235,390
TOTAL CORPORATE BONDS (Cost $365,149,718)							353,183,333
MORTGAGE BACKED SECURITIES: 13.81%
ACRE Commercial Mortgage Trust, 2021-FL4 A (1 Month LIBOR USD + 0.830%) (a)(b)(c)		12/18/2037	1.30%		1,636,864		1,624,882
Alen Mortgage Trust, 2021-ACEN A (1 Month LIBOR USD + 1.150%) (a)(c)		04/17/2034	1.55%		3,150,000		3,074,674
Angel Oak Mortgage Trust, 2020-1 M1 (a)(d)		12/25/2059	3.16%		1,915,000		1,891,195
Barclays Commercial Mortgage Securities LLC, 2015-VFM A1 (a)		03/12/2036	2.47%		989,019		960,387
BHP Trust, 2019-BXHP A (1 Month LIBOR USD + 0.975%) (a)(c)		08/15/2036	1.37%		2,366,383		2,330,706
BIG Commercial Mortgage Trust, 2022-BIG A (TSFR1M + 1.342%) (a)(c)		02/16/2027	1.64%		5,600,000		5,557,882
BSREP Commercial Mortgage Trust, 2021-DC A (1 Month LIBOR USD + 0.950%) (a)(c)		08/16/2038	1.35%		4,330,000		4,259,745
BX Commercial Mortgage Trust
	Series 2020-FOX A (1 Month LIBOR USD + 1.000%) (a)(c)	11/15/2032	1.40%		4,145,886		4,115,894
	Series 2021-21M A (1 Month LIBOR USD + 0.730%) (a)(c)	10/15/2036	1.13%		2,340,000		2,282,646
	Series 2019-XL A (1 Month LIBOR USD + 0.920%) (a)(c)	10/15/2036	1.32%		2,502,712		2,491,814
	Series 2021-XL2 B (1 Month LIBOR USD + 0.998%) (a)(c)	10/15/2038	1.39%		5,367,801		5,243,253
	Series 2021-CIP A (1 Month LIBOR USD + 0.921%) (a)(c)	12/15/2038	1.32%		6,050,000		5,951,554
Citigroup Commercial Mortgage Trust
	Series 2019-PRM B (a)	05/10/2035	3.64%		2,100,000		2,083,025
	Series 2021-PRM2 A (1 Month LIBOR USD + 0.950%) (a)(c)	10/15/2038	1.35%		5,250,000		5,165,315
Comm Mortgage Trust
	Series 2015-3BP A (a)	02/12/2035	3.18%		1,030,000		1,012,854
	Series 2013-CR6 A4	03/10/2046	3.10%		615,000		615,942
	Series 2013-CR10 A4 (d)	08/10/2046	4.21%		615,000		623,718
	Series 2014-UBS2 AM	03/12/2047	4.20%		2,450,000		2,471,258
	Series 2014-CR19 A5	08/12/2047	3.80%		1,380,133		1,394,477
	Series 2014-LC17 A5	10/11/2047	3.92%		724,000		733,950
	Series 2014-CR21 A3	12/10/2047	3.53%		1,667,396		1,658,593
	Series 2015-CR27 AM	10/13/2048	3.98%		2,000,000		2,019,282
Connecticut Avenue Securities Trust
	Series 2021-R01 1M2 (SOFR30A + 1.550%) (a)(c)	10/25/2041	1.65%		1,820,000		1,758,260
	Series 2021-R03 1M1 (SOFR30A + 0.850%) (a)(c)	12/26/2041	0.95%		5,872,365		5,798,190
	Series 2022-R01 1M1 (SOFR30A + 1.000%) (a)(c)	12/26/2041	1.10%		2,439,453		2,414,760
	Series 2022-R03 1M1 (SOFR30A + 2.100%) (a)(c)	03/25/2042	2.20%		5,225,000		5,233,098
Credit Suisse Mortgage Capital Certificates, 2019-ICE4 A (1 Month LIBOR USD + 0.980%) (a)(c)		05/15/2036	1.38%		3,500,000		3,481,101
ELP Commercial Mortgage Trust, 2021-ELP B (1 Month LIBOR USD + 1.120%) (a)(c)		11/15/2038	1.52%		5,400,000		5,288,272
EQUS Mortgage Trust, 2021-EQAZ A (1 Month LIBOR USD + 0.755%) (a)(c)		10/15/2036	1.15%		5,400,000		5,288,234
Extended Stay America Trust, 2021-ESH A (1 Month LIBOR USD + 1.080%) (a)(c)		07/15/2038	1.48%		1,192,660		1,178,430
Fannie Mae Connecticut Avenue Securities
	Series 2014-C02 1M2 (1 Month LIBOR USD + 2.600%) (c)	05/28/2024	3.06%		812,475		813,490
	Series 2014-C03 1M2 (1 Month LIBOR USD + 3.000%) (c)	07/25/2024	3.46%		872,113		876,480
	Series 2017-C05 1M2 (1 Month LIBOR USD + 2.200%) (c)	01/25/2030	2.66%		1,555,148		1,562,809
	Series 2018-C01 1EB1 (1 Month LIBOR USD + 0.450%) (c)	07/25/2030	0.91%		1,516,471		1,508,124
	Series 2021-R02 2M1 (SOFR30A + 0.900%) (a)(c)	11/25/2041	1.00%		3,023,987		2,991,856
FHLMC Multifamily Structured Pass Through Certificates
	Series K059 A1	09/25/2025	2.76%		1,583,485		1,586,655
	Series KC06 A1	02/25/2026	2.17%		3,960,944		3,918,255
Freddie Mac STACR REMIC Trust
	Series 2021-DNA5 M2 (SOFR30A + 1.650%) (a)(c)	01/25/2034	1.75%		1,885,000		1,854,404
	Series 2021-DNA6 M1 (SOFR30A + 0.800%) (a)(c)	10/25/2041	0.90%		5,250,000		5,193,402
	Series 2022-DNA1 M1A (SOFR30A + 1.000%) (a)(c)	01/27/2042	1.10%		5,500,000		5,402,990
	Series 2022-HQA1 M1A (SOFR30A + 2.100%) (a)(c)	03/25/2042	2.15%		5,100,000		5,112,916
Freddie Mac STACR Trust
	Series 2018-DNA2 M2A (1 Month LIBOR USD + 2.150%) (a)(c)	12/26/2030	2.61%		1,877,029		1,881,612
	Series 2018-HRP2 M3AS (1 Month LIBOR USD + 1.000%) (a)(c)	02/25/2047	1.46%		4,650,000		4,602,423
	Series 2018-DNA3 M2A (1 Month LIBOR USD + 2.100%) (a)(c)	09/25/2048	2.56%		1,642,329		1,649,465
Freddie Mac Structured Agency Credit Risk Debt Notes
	Series 2021-DNA7 M1 (SOFR30A + 0.850%) (a)(c)	11/25/2041	0.95%		5,150,000		5,050,840
	Series 2022-DNA2 M1A (SOFR30A + 1.300%) (a)(c)	02/25/2042	1.40%		5,710,316		5,675,872
	Series 2018-HRP2 M3 (1 Month LIBOR USD + 2.400%) (a)(c)	02/25/2047	2.86%		2,000,000		1,995,002
	Series 2019-HRP1 M2 (1 Month LIBOR USD + 1.400%) (a)(c)	02/25/2049	1.86%		849,655		837,953
FRESB Multifamily Mortgage Pass Through Certificates
	Series 2016-SB17 A7F (d)	05/25/2023	2.15%		1,193,499		1,183,174
	Series 2016-SB22 A7F (d)	09/25/2023	1.98%		2,622,499		2,597,476
	Series 2017-SB32 A7F (d)	04/25/2024	2.44%		1,147,772		1,127,056
	Series 2019-SB67 A5F (d)	07/25/2024	2.09%		1,972,624		1,923,333
	Series 2019-SB69 A5F (d)	10/25/2024	2.25%		4,776,849		4,697,124
	Series 2016-SB23 A10F (d)	09/25/2026	2.31%		1,470,101		1,422,470
GCT Commercial Mortgage Trust, 2021-GCT A (1 Month LIBOR USD + 0.800%) (a)(c)		02/15/2038	1.20%		3,850,000		3,784,453
GS Mortgage Securities Corp II, 2021-ARDN A (1 Month LIBOR USD + 1.250%) (a)(c)		11/17/2036	1.65%		5,400,000		5,293,958
GS Mortgage Securities Trust
	Series 2017-SLP A (a)	10/12/2032	3.42%		3,000,000		3,006,882
	Series 2019-600C A (a)	09/12/2034	2.94%		2,065,000		2,023,850
	Series 2021-ROSS A (1 Month LIBOR USD + 1.150%) (a)(c)	06/16/2036	1.55%		5,000,000		4,934,820
	Series 2013-GC16 B (d)	11/10/2046	5.16%		206,000		207,226
	Series 2015-GC28 A5	02/10/2048	3.40%		1,000,000		997,242
	Series 2015-GC28 AS	02/12/2048	3.76%		1,985,000		1,984,261
	Series 2021-NQM1 A3 (a)(d)	07/25/2061	1.53%		1,832,545		1,762,121
JP Morgan Chase Commercial Mortgage Securities Trust
	Series 2018-BCON A (a)	01/07/2031	3.73%		3,630,000		3,653,652
	Series 2021-MHC A (1 Month LIBOR USD + 0.800%) (a)(c)	04/15/2038	1.20%		4,157,546		4,091,083
	Series 2013-C15 A-S	11/17/2045	4.42%		3,325,000		3,382,649
	Series 2013-C13 A4 (d)	01/18/2046	3.99%		513,180		518,389
	Series 2014-C23 ASB	09/17/2047	3.66%		1,479,092		1,494,335
	Series 2014-C22 AS	09/17/2047	4.11%		3,650,000		3,646,644
	Series 2013-C10 AS	12/17/2047	3.37%		200,000		201,118
	Series 2016-JP3 A-5	08/15/2049	2.87%		1,000,000		974,530
Ladder Capital Commercial Mortgage Trust, 2013-GCP A1 (a)		02/15/2036	3.57%		2,054,867		2,039,893
Morgan Stanley Capital I Trust, 2017-CLS A (1 Month LIBOR USD + 0.700%) (a)(c)		11/15/2034	1.10%		2,785,000		2,771,793
Natixis Commercial Mortgage Securities Trust, 2018-285M A (a)(d)		11/15/2032	3.79%		1,000,000		999,558
New Residential Mortgage Loan Trust
	Series 2015-1A A3 (a)(d)	05/28/2052	3.75%		399,696		398,837
	Series 2014-2A A3 (a)(d)	05/25/2054	3.75%		420,799		417,957
	Series 2016-1A A1 (a)(d)	03/25/2056	3.75%		855,173		855,428
	Series 2017-2A A3 (a)(d)	03/25/2057	4.00%		1,288,646		1,292,771
OBX Trust, 2018-1 A2 (1 Month LIBOR USD + 0.650%) (a)(c)		06/25/2057	1.11%		750,751		741,452
OPG TRUST, 2021-PORT B (1 Month LIBOR USD + 0.713%) (a)(c)		10/15/2036	1.11%		5,550,000		5,363,889
PKHL Commercial Mortgage Trust, 2021-MF A (1 Month LIBOR USD + 0.880%) (a)(c)		07/15/2038	1.28%		5,750,000		5,682,828
Sequoia Mortgage Trust, 2020-2 A4 (a)(d)		03/25/2050	3.50%		61,171		61,114
SREIT Trust, 2021-MFP2 A (1 Month LIBOR USD + 0.822%) (a)(c)		11/17/2036	1.22%		5,000,000		4,905,828
UBS-Barclays Commercial Mortgage Trust
	Series 2013-C5 B (a)(d)	03/12/2046	3.65%		265,000		261,485
	Series 2013-C6 B (a)(d)	04/12/2046	3.88%		700,000		691,275
Verus Securitization Trust
	Series 2020-1 A1 (a)(d)	01/25/2060	2.42%		619,217		616,711
	Series 2020-1 A3 (a)(d)	01/25/2060	2.72%		1,584,570		1,575,681
Wells Fargo Commercial Mortgage Trust, 2012-LC5 AS		10/17/2045	3.54%		650,000		652,179
WFRBS Commercial Mortgage Trust
	Series 2013-C13 AS	05/17/2045	3.35%		650,000		651,028
	Series 2013-C14 A5	06/15/2046	3.34%		727,218		729,671
	Series 2014-C24 A5	11/18/2047	3.61%		1,000,000		1,002,842
	Series 2014-C22 AS (d)	09/17/2057	4.07%		350,000		352,864
TOTAL MORTGAGE BACKED SECURITIES (Cost $231,422,465)							227,490,869
MUNICIPAL BONDS: 0.72%
Forsyth County School District		02/01/2024	0.92%		1,330,000		1,295,874
Miami Dade County Florida Aviation Refunding Taxable Series B		10/01/2023	2.37%		1,350,000		1,348,547
Nebraska Public Power District		01/01/2024	2.22%		1,700,000		1,693,794
Pennsylvania State University		09/01/2023	1.35%		2,945,000		2,913,286
State of Hawaii		08/01/2025	1.03%		4,220,000		3,995,395
Water Works Board of the City of Birmingham		01/01/2024	2.20%		695,000		690,643
TOTAL MUNICIPAL BONDS (Cost $12,242,135)							11,937,539
U.S. GOVERNMENT AGENCY ISSUES: 11.30%
Federal Farm Credit Banks		05/10/2023	0.13%		19,410,000		19,048,720
Federal Farm Credit Banks		06/26/2023	1.77%		5,135,000		5,125,354
Federal Farm Credit Banks		07/17/2023	2.88%		10,985,000		11,116,373
Federal Farm Credit Banks		12/01/2023	0.50%		18,830,000		18,320,746
Federal Farm Credit Banks (SOFR + 0.110%) (c)		01/17/2025	0.39%		10,215,000		10,208,707
Federal Farm Credit Banks (SOFR + 0.110%) (c)		02/14/2025	0.39%		13,165,000		13,144,071
Federal Home Loan Banks		06/10/2022	2.13%		14,115,000		14,158,958
Federal Home Loan Banks		06/10/2022	2.75%		6,015,000		6,042,349
Federal Home Loan Banks		06/09/2023	3.25%		15,200,000		15,422,482
Federal Home Loan Banks		09/08/2023	3.38%		9,000,000		9,166,370
Federal Home Loan Banks		06/14/2024	1.75%		12,435,000		12,286,666
Federal Home Loan Banks		04/14/2025	0.50%		9,350,000		8,824,036
Federal Home Loan Mortgage Corp.		05/19/2023	0.25%		7,210,000		7,067,771
Federal Home Loan Mortgage Corp.		09/08/2023	0.25%		2,000,000		1,949,696
Federal Home Loan Mortgage Corp.		02/12/2025	1.50%		11,395,000		11,086,146
Federal National Mortgage Association		04/12/2022	2.25%		3,500,000		3,502,174
Federal National Mortgage Association		09/06/2022	1.38%		5,855,000		5,865,724
Federal National Mortgage Association		07/10/2023	0.25%		9,000,000		8,806,174
Federal National Mortgage Association		07/02/2024	1.75%		5,000,000		4,935,100
TOTAL U.S. GOVERNMENT AGENCY ISSUES (Cost $188,525,835)							186,077,617
U.S. GOVERNMENT NOTES: 18.26%
United States Treasury Note		07/15/2022	1.75%		4,615,000		4,629,422
United States Treasury Note		08/15/2022	1.50%		7,685,000		7,703,612
United States Treasury Note		09/15/2022	1.50%		6,785,000		6,801,962
United States Treasury Note		10/15/2022	1.38%		9,085,000		9,096,711
United States Treasury Note		10/31/2022	2.00%		5,210,000		5,234,015
United States Treasury Note		03/31/2023	0.13%		3,810,000		3,751,511
United States Treasury Note		03/31/2023	1.50%		9,830,000		9,809,649
United States Treasury Note		06/30/2023	0.13%		22,230,000		21,738,508
United States Treasury Note		08/31/2023	0.13%		9,260,000		9,013,308
United States Treasury Note		09/30/2023	2.88%		36,730,000		37,154,691
United States Treasury Note		12/31/2023	2.63%		6,990,000		7,037,510
United States Treasury Note		01/15/2024	0.13%		42,870,000		41,274,097
United States Treasury Note		02/15/2024	2.75%		5,000,000		5,041,601
United States Treasury Note		02/29/2024	2.38%		2,265,000		2,268,893
United States Treasury Note		03/31/2024	2.13%		4,320,000		4,304,644
United States Treasury Note		04/30/2024	2.00%		11,530,000		11,450,281
United States Treasury Note		05/15/2024	0.25%		9,240,000		8,838,277
United States Treasury Note		06/15/2024	0.25%		11,640,000		11,109,380
United States Treasury Note		06/30/2024	1.75%		1,885,000		1,859,081
United States Treasury Note		08/15/2024	0.38%		44,705,000		42,605,961
United States Treasury Note		09/15/2024	0.38%		33,700,000		32,045,277
United States Treasury Note		09/30/2024	1.50%		16,795,000		16,413,176
United States Treasury Note		02/15/2025	7.63%		1,500,000		1,715,625
TOTAL U.S. GOVERNMENT NOTES (Cost $307,901,290)							300,897,192
SHORT TERM INVESTMENTS: 19.96%
U.S. GOVERNMENT NOTE: 0.34%
United States Treasury Note		11/30/2022	0.13%		5,675,000		5,631,107
TOTAL U.S. GOVERNMENT NOTE (Cost $5,654,291)							5,631,107
MONEY MARKET FUND: 19.62%					Shares
STIT-Government & Agency Portfolio, Institutional Class, 0.25% (e)(f)					323,194,185		323,194,185
TOTAL MONEY MARKET FUND (Cost $323,194,185)							323,194,185
TOTAL SHORT TERM INVESTMENTS (Cost $328,848,476)							328,825,292
TOTAL INVESTMENTS (Cost $1,545,455,758): 92.01%							1,515,866,454
Other Assets in Excess of Liabilities: 7.99% (g)							131,610,361
TOTAL NET ASSETS: 100.00%						$	1,647,476,815
(a)	Security as defined in Rule 144A under the Securities Act of 1933 and determined to be liquid. Purchased in a private placement transaction; resale to the public may require registration or may extend only to qualified institutional buyers. At March 31, 2022 the value of these securities total $309,291,548 which represents 18.77% of total net assets.
(b)	Foreign issued security.
(c)	Variable rate security based on a reference index and spread.  The rate reported is the rate in effect as of March 31, 2022.
(d)	Variable rate security.  The coupon is based on an underlying pool of loans.  The rate reported is the rate in effect as of March 31, 2022.
(e)	The rate quoted is the annualized seven-day effective yield as of March 31, 2022.
(f)	All or a portion of this security is pledged as collateral for derivative contracts. At March 31, 2022, the value of this collateral totals $12,233.
(g)	Includes assets and deposits with broker pledged as collateral for derivative contracts. At March 31, 2022, the value of these assets totals $97,457,713.
CMT	Constant Maturity Treasury
LIBOR	London Interbank Offered Rate
PLC	Public Limited Company
SOFR	Secured Overnight Financing Rate
SOFR30A	30 Day Average Secured Overnight Financing Rate
TSFR1M	1 Month Term Secured Overnight Financing Rate

LoCorr Macro Strategies Fund

Consolidated Schedule of Open Forward Currency Contracts

March 31, 2022 (Unaudited)

					Currency to be Received				Currency to be Delivered
	Notional		Counterparty	Forward	Currency	U.S. $ Notional Amount at			Currency	U.S. $ Notional Amount on			Unrealized		Unrealized
	Amount		Abbreviation	Settlement Date	Abbreviation	March 31, 2022			Abbreviation	Origination Date			Appreciation		(Depreciation)
Purchase Contracts:
	$	36,074,204	DB	04/20/2022	AUD	$	36,428,271		USD	$	36,074,204		$	354,067	$	–
		25,083,713	BAML	06/17/2022	AUD		25,551,163		USD		25,083,713			467,450		–
		38,535,882	DB	04/20/2022	BRL		41,216,063		USD		38,535,882			2,680,181		–
		34,135,864	DB	04/20/2022	CAD		34,760,633		USD		34,135,864			624,769		–
		55,626,158	BAML	06/17/2022	CAD		56,299,431		USD		55,626,158			673,273		–
		88,313,733	DB	04/20/2022	CHF		88,690,733		USD		88,313,733			377,000		–
		45,365,970	BAML	06/17/2022	CHF		45,570,975		USD		45,365,970			205,005		–
		3,386,631	DB	04/20/2022	CLP		3,456,104		USD		3,386,631			69,473		–
		9,040,811	DB	04/20/2022	EUR		9,087,621		NOK		9,040,811			46,810		–
		1,888,491	DB	05/18/2022	EUR		1,894,905		NOK		1,888,491			6,414		–
		3,532,001	DB	04/20/2022	EUR		3,519,931		PLN		3,532,001			–		(12,070	)
		10,669,308	DB	04/20/2022	EUR		10,747,966		SEK		10,669,308			78,658		–
		36,167,963	DB	04/20/2022	EUR		36,361,554		USD		36,167,963			193,591		–
		33,472,153	BAML	06/17/2022	EUR		33,531,933		USD		33,472,153			59,780		–
		111,380,432	DB	04/20/2022	GBP		110,685,884		USD		111,380,432			–		(694,548	)
		14,491,780	DB	05/18/2022	GBP		14,512,168		USD		14,491,780			20,388		–
		6,740,110	BAML	06/17/2022	GBP		6,724,005		USD		6,740,110			–		(16,105	)
		3,706,477	DB	04/20/2022	ILS		3,752,206		USD		3,706,477			45,729		–
		870,320	DB	05/18/2022	ILS		872,241		USD		870,320			1,921		–
		17,599,316	DB	04/20/2022	INR		17,742,795		USD		17,599,316			143,479		–
		62,106,632	DB	04/20/2022	JPY		61,235,751		USD		62,106,632			–		(870,881	)
		28,023,807	BAML	06/17/2022	JPY		28,008,329		USD		28,023,807			–		(15,478	)
		7,700,779	DB	04/20/2022	KRW		7,780,409		USD		7,700,779			79,630		–
		39,916,887	DB	04/20/2022	MXN		41,278,596		USD		39,916,887			1,361,709		–
		32,197,047	BAML	06/17/2022	MXN		33,006,296		USD		32,197,047			809,249		–
		9,044,958	DB	04/20/2022	NOK		9,101,835		EUR		9,044,958			56,877		–
		20,049,213	DB	04/20/2022	NOK		20,303,124		USD		20,049,213			253,911		–
		53,569,663	DB	04/20/2022	NZD		54,624,333		USD		53,569,663			1,054,670		–
		9,009,033	DB	05/18/2022	NZD		9,002,228		USD		9,009,033			–		(6,805	)
		20,725,087	BAML	06/17/2022	NZD		20,768,607		USD		20,725,087			43,520		–
		3,525,546	DB	04/20/2022	PLN		3,583,659		EUR		3,525,546			58,113		–
		472,462	DB	05/18/2022	PLN		465,833		EUR		472,462			–		(6,629	)
		9,546,963	DB	04/20/2022	PLN		9,846,550		USD		9,546,963			299,587		–
		32,993,076	DB	04/20/2022	SEK		33,526,078		EUR		32,993,076			533,002		–
		22,788,426	DB	04/20/2022	SEK		23,172,579		USD		22,788,426			384,153		–
		15,865,647	DB	04/20/2022	SGD		15,883,731		USD		15,865,647			18,084		–
		16,642,936	DB	04/20/2022	ZAR		17,262,351		USD		16,642,936			619,415		–
Total Purchase Contracts							970,256,871				960,259,479			11,619,908		(1,622,516	)
Sale Contracts:
	$	51,824,230	DB	04/20/2022	USD	$	53,066,868		AUD	$	51,824,230		$	–	$	(1,242,638	)
		25,790,253	BAML	06/17/2022	USD		26,128,157		AUD		25,790,253			–		(337,904	)
		16,009,094	DB	04/20/2022	USD		16,361,946		BRL		16,009,094			–		(352,852	)
		62,065,643	DB	04/20/2022	USD		63,090,630		CAD		62,065,643			–		(1,024,987	)
		44,570,583	BAML	06/17/2022	USD		45,681,258		CAD		44,570,583			–		(1,110,675	)
		131,083,885	DB	04/20/2022	USD		131,151,829		CHF		131,083,885			–		(67,944	)
		54,008,052	BAML	06/17/2022	USD		54,548,556		CHF		54,008,052			–		(540,504	)
		3,023,332	DB	04/20/2022	USD		3,083,772		CLP		3,023,332			–		(60,440	)
		9,044,958	DB	04/20/2022	NOK		9,087,621		EUR		9,044,958			–		(42,663	)
		3,525,546	DB	04/20/2022	PLN		3,519,931		EUR		3,525,546			5,615		–
		472,462	DB	05/18/2022	PLN		465,415		EUR		472,462			7,047		–
		32,993,076	DB	04/20/2022	SEK		33,096,209		EUR		32,993,076			–		(103,133	)
		124,142,001	DB	04/20/2022	USD		123,839,593		EUR		124,142,001			302,408		–
		98,512,876	BAML	06/17/2022	USD		98,728,168		EUR		98,512,876			–		(215,292	)
		111,465,269	DB	04/20/2022	USD		110,685,884		GBP		111,465,269			779,385		–
		867,166	DB	05/18/2022	USD		866,790		GBP		867,166			376		–
		55,657,444	BAML	06/17/2022	USD		55,612,246		GBP		55,657,444			45,198		–
		3,686,041	DB	04/20/2022	USD		3,752,206		ILS		3,686,041			–		(66,165	)
		298,715	DB	05/18/2022	USD		298,068		ILS		298,715			647		–
		8,278,793	DB	04/20/2022	USD		8,358,536		INR		8,278,793			–		(79,743	)
		146,998,794	DB	04/20/2022	USD		141,281,033		JPY		146,998,794			5,717,761		–
		104,925,140	BAML	06/17/2022	USD		101,883,187		JPY		104,925,140			3,041,953		–
		7,455,059	DB	04/20/2022	USD		7,509,901		KRW		7,455,059			–		(54,842	)
		22,268,022	DB	04/20/2022	USD		23,331,467		MXN		22,268,022			–		(1,063,445	)
		268,286	BAML	06/17/2022	USD		284,793		MXN		268,286			–		(16,507	)
		9,040,811	DB	04/20/2022	EUR		9,136,154		NOK		9,040,811			–		(95,343	)
		1,900,523	DB	05/18/2022	EUR		1,882,871		NOK		1,900,523			17,652		–
		29,506,261	DB	04/20/2022	USD		29,574,040		NOK		29,506,261			–		(67,779	)
		54,033,231	DB	04/20/2022	USD		54,624,333		NZD		54,033,231			–		(591,102	)
		6,231,446	DB	05/18/2022	USD		6,218,462		NZD		6,231,446			12,984		–
		33,776,911	BAML	06/17/2022	USD		34,214,080		NZD		33,776,911			–		(437,169	)
		3,532,001	DB	04/20/2022	EUR		3,590,678		PLN		3,532,001			–		(58,677	)
		7,301,978	DB	04/20/2022	USD		7,316,616		PLN		7,301,978			–		(14,638	)
		10,669,308	DB	04/20/2022	EUR		11,017,715		SEK		10,669,308			–		(348,407	)
		35,644,805	DB	04/20/2022	USD		36,377,119		SEK		35,644,805			–		(732,314	)
		14,333,500	DB	04/20/2022	USD		14,363,968		SGD		14,333,500			–		(30,468	)
		21,041,507	DB	04/20/2022	USD		21,723,163		ZAR		21,041,507			–		(681,656	)
Total Sale Contracts							1,345,753,263				1,346,247,002			9,931,026		(9,437,287	)
Net Forward Currency Contracts						$	(375,496,392	)		$	(385,987,523	)	$	21,550,934	$	(11,059,803	)
Net Unrealized Appreciation													$	10,491,131

Counterparty Abbreviations:
BAML	Bank of America Merrill Lynch
DB	Deutsche Bank
Currency Abbreviations:
AUD	AUSTRALIAN DOLLAR	INR	INDIAN RUPEE	SEK	SWEDISH KRONA
BRL	BRAZILIAN REAL	JPY	JAPANESE YEN	SGD	SINGAPORE DOLLAR
CAD	CANADIAN DOLLAR	KRW	SOUTH KOREAN WON	USD	U.S. DOLLAR
CHF	SWISS FRANC	MXN	MEXICAN PESO	ZAR	SOUTH AFRICAN RAND
CLP	CHILEAN PESO	NOK	NORWEGIAN KRONE
EUR	EURO	NZD	NEW ZEALAND DOLLAR
GBP	BRITISH POUND	PLN	POLISH ZLOTY
ILS	ISRAELI NEW SHEQEL	RUB	RUSSIAN RUBLE

LoCorr Macro Strategies Fund
Consolidated Schedule of Open Futures Contracts
March 31, 2022 (Unaudited)
									Value
Description		Number of Contracts Purchased (Sold)	Settlement Month-Year		Current Notional Amount		Notional Amount At Trade Date		Unrealized Appreciation		Unrealized (Depreciation)
Purchase Contracts:
	3 Mo Euro Euribor	5	Dec-22	$	1,378,948	$	1,381,093	$	-	$	(2,145)
	3 Mo Euro Euribor	465	Jun-23		127,271,212		127,253,629		17,583		-
	90 Day Euro	555	Jun-23		134,407,125		135,455,014		-		(1,047,889)
	Aluminum - 90 Day Settlement (a)	5	Apr-22		435,139		366,595		68,544		-
	Aluminum - 90 Day Settlement (a)	1	Apr-22		87,032		73,569		13,463		-
	Aluminum - 90 Day Settlement (a)	1	Apr-22		87,083		74,676		12,407		-
	Aluminum - 90 Day Settlement (a)	4	Apr-22		348,522		307,348		41,174		-
	Aluminum - 90 Day Settlement (a)	2	May-22		174,418		152,311		22,107		-
	Aluminum - 90 Day Settlement (a)	1	May-22		87,106		77,858		9,248		-
	Aluminum - 90 Day Settlement (a)	2	May-22		174,218		168,070		6,148		-
	Aluminum - 90 Day Settlement (a)	2	May-22		174,168		169,476		4,692		-
	Aluminum - 90 Day Settlement (a)	5	Jun-22		435,826		456,381		-		(20,555)
	Aluminum - 90 Day Settlement (a)	1	Jun-22		87,204		87,952		-		(748)
	Aluminum - 90 Day Settlement (a)	2	Jun-22		174,500		167,701		6,799		-
	Aluminum - 90 Day Settlement (a)	1	Jun-22		87,257		92,497		-		(5,240)
	Aluminum (a)(b)	355	Jun-22		30,987,063		28,398,991		2,588,072		-
	Amsterdam Exchange Index	39	Apr-22		6,247,334		6,287,301		-		(39,967)
	Australian 10 Yr Bond	170	Jun-22		16,123,135		16,084,777		38,358		-
	Australian 3 Yr Bond	53	Jun-22		4,358,163		4,399,737		-		(41,574)
	Australian Dollar	432	Jun-22		32,384,880		32,407,705		-		(22,825)
	Bovespa Index	555	Apr-22		14,032,691		14,050,958		-		(18,267)
	Brent Crude (a)	145	Apr-22		15,182,950		16,069,946		-		(886,996)
	Brent Crude (a)	26	May-22		2,670,980		2,773,829		-		(102,849)
	Brent Crude (a)	11	Jun-22		1,110,780		1,145,362		-		(34,582)
	Brent Crude (a)	6	Jul-22		596,580		610,877		-		(14,297)
	Brent Crude (a)	4	Aug-22		392,160		398,725		-		(6,565)
	Brent Crude (a)	2	Sep-22		193,500		198,972		-		(5,472)
	British Pound	82	Jun-22		6,729,638		6,725,735		3,903		-
	CAC 40 10 Euro Index	353	Apr-22		25,998,093		25,856,587		141,506		-
	Canadian Dollar	325	Jun-22		26,029,250		25,965,777		63,473		-
	Coffee (a)	120	May-22		10,188,000		10,651,297		-		(463,297)
	Copper - 90 Day Settlement (a)	1	May-22		259,275		250,762		8,513		-
	Copper - 90 Day Settlement (a)	2	May-22		518,591		498,646		19,945		-
	Copper - 90 Day Settlement (a)	1	May-22		259,363		249,414		9,949		-
	Copper - 90 Day Settlement (a)	1	May-22		259,298		247,039		12,259		-
	Copper (a)(b)	156	Jun-22		40,472,250		39,111,633		1,360,617		-
	Copper (COMEX) (a)	88	May-22		10,452,200		10,305,114		147,086		-
	Corn (a)	903	May-22		33,806,063		31,670,556		2,135,507		-
	Cotton No.2 (a)	174	May-22		11,805,030		10,961,972		843,058		-
	Dollar	132	Jun-22		12,983,520		12,966,115		17,405		-
	Dow Jones Industrial Average Mini E-Cbot Index	55	Jun-22		9,519,950		9,641,756		-		(121,806)
	Euro-Bobl	166	Jun-22		23,663,654		23,643,163		20,491		-
	Euro-BTP	4	Jun-22		612,025		613,267		-		(1,242)
	Euro-Bund	32	Jun-22		5,616,594		5,602,915		13,679		-
	Euro-Buxl 30 Yr Bond	15	Jun-22		3,089,772		3,089,780		-		(8)
	FTSE 100 Index	480	Jun-22		47,202,984		46,095,402		1,107,582		-
	FTSE/JSE Top 40 Index	17	Jun-22		801,353		792,206		9,147		-
	Gasoline RBOB (a)	61	Apr-22		8,072,606		7,819,950		252,656		-
	Gasoline RBOB (a)	11	May-22		1,431,184		1,517,047		-		(85,863)
	Gasoline RBOB (a)	5	Jun-22		635,817		629,051		6,766		-
	Gasoline RBOB (a)	2	Jul-22		248,018		255,452		-		(7,434)
	Gold (a)	100	Jun-22		19,540,000		19,263,752		276,248		-
	Hang Seng Index	2	Apr-22		280,725		282,746		-		(2,021)
	Hard Red Wheat (a)	17	May-22		875,288		914,113		-		(38,825)
	Hard Red Wheat (a)	243	Jul-22		12,511,463		10,945,830		1,565,633		-
	Heating Oil (a)	35	Apr-22		4,940,523		4,806,151		134,372		-
	Heating Oil (a)	2	May-22		268,876		270,593		-		(1,717)
	Heating Oil (a)	3	Jun-22		391,747		401,488		-		(9,741)
	Heating Oil (a)	1	Jul-22		127,638		137,674		-		(10,036)
	H-Shares Index	25	Apr-22		1,200,165		1,200,800		-		(635)
	Japanese 10 Yr Bond	1	Jun-22		1,229,670		1,232,630		-		(2,960)
	Lead (a)(b)	16	Jun-22		969,000		924,067		44,933		-
	Lead Based Metal - 90 Day Settlement (a)	1	May-22		60,564		58,017		2,547		-
	Lean Hogs (a)	16	Jun-22		772,000		799,317		-		(27,317)
	Long Gilt	306	Jun-22		48,731,516		48,805,504		-		(73,988)
	Low Sulphur Gasoil (a)	37	May-22		3,729,600		3,470,718		258,882		-
	Low Sulphur Gasoil (a)	10	Jun-22		962,250		944,961		17,289		-
	Low Sulphur Gasoil (a)	3	Jul-22		280,350		278,053		2,297		-
	Mexican Peso	56	Jun-22		1,392,440		1,389,920		2,520		-
	MSCI Taiwan Index	21	Apr-22		1,296,960		1,286,018		10,942		-
	Nasdaq 100 E-Mini Index	178	Jun-22		52,932,750		53,391,141		-		(458,391)
	Natural Gas (a)	337	Apr-22		19,013,540		17,638,337		1,375,203		-
	Natural Gas (a)	47	May-22		2,679,470		2,559,525		119,945		-
	Natural Gas (a)	37	Jun-22		2,129,720		1,956,437		173,283		-
	Natural Gas (a)	19	Jul-22		1,093,830		1,003,724		90,106		-
	Natural Gas (a)	4	Aug-22		229,240		223,347		5,893		-
	Nickel - 90 Day Settlement (a)	1	Apr-22		192,658		131,926		60,732		-
	Nickel - 90 Day Settlement (a)	1	Apr-22		192,686		133,389		59,297		-
	Nickel (a)(b)	17	Jun-22		3,274,200		2,628,117		646,083		-
	Nikkei 225 Index (SGX)	68	Jun-22		7,762,691		7,780,170		-		(17,479)
	Platinum (a)	3	Jul-22		149,370		148,216		1,154		-
	Russell 2000 Mini Index	99	Jun-22		10,228,680		10,429,037		-		(200,357)
	S&P 500 E-Mini Index	564	Jun-22		127,767,150		128,784,939		-		(1,017,789)
	S&P MidCap 400 E-Mini Index	14	Jun-22		3,764,880		3,823,632		-		(58,752)
	S&P/TSX 60 Index	91	Jun-22		19,174,675		19,069,512		105,163		-
	Silver (a)	5	May-22		628,325		627,235		1,090		-
	Soybean (a)	534	May-22		43,207,275		44,249,732		-		(1,042,457)
	Soybean Meal (a)	313	May-22		14,632,750		14,416,363		216,387		-
	Soybean Oil (a)	262	May-22		10,994,568		10,821,418		173,150		-
	SPI 200 Index	68	Jun-22		9,514,128		9,331,434		182,694		-
	Sugar (a)	188	Apr-22		4,103,814		4,093,968		9,846		-
	Swiss Franc	33	Jun-23		10,581,814		10,589,808		-		(7,994)
	Swiss Franc	190	Sep-23		60,853,837		60,993,123		-		(139,286)
	Swiss Franc	5	Sep-24		1,607,082		1,607,119		-		(37)
	Swiss Franc	26	Mar-23		8,354,691		8,359,575		-		(4,884)
	Swiss Franc	28	Jun-22		3,804,850		3,801,788		3,062		-
	U.S. 5 Yr Note	94	Jun-22		10,780,625		10,784,677		-		(4,052)
	Wheat (a)	226	May-22		11,367,800		11,186,228		181,572		-
	WTI Crude (a)	134	Apr-22		13,437,520		13,959,539		-		(522,019)
	WTI Crude (a)	27	May-22		2,660,040		2,773,209		-		(113,169)
	WTI Crude (a)	10	Jun-22		968,800		993,888		-		(25,088)
	WTI Crude (a)	6	Jul-22		570,480		574,471		-		(3,991)
	WTI Crude (a)	3	Aug-22		279,960		296,775		-		(16,815)
	WTI Crude (a)	2	Sep-22		183,640		181,374		2,266		-
	Zinc - 90 Day Settlement (a)	1	May-22		105,080		90,301		14,779		-
	Zinc - 90 Day Settlement (a)	1	May-22		104,923		89,929		14,994		-
	Zinc - 90 Day Settlement (a)	1	Jun-22		104,823		96,550		8,273		-
	Zinc (a)(b)	192	Jun-22		20,104,798		17,575,775		2,529,023		-
Total Purchase Contracts									17,291,795		(6,729,421)
Sale Contracts:
	10 Yr Mini JGB	(10)	Jun-22	$	1,231,395	$	1,228,761	$	-	$	(2,634)
	3 Mo Euro Euribor	(12)	Jun-23		3,284,418		3,281,138		-		(3,280)
	3 Mo Euro Euribor	(9)	Mar-23		2,471,528		2,469,396		-		(2,132)
	3 Mo Euro Euribor	(60)	Mar-24		16,376,459		16,409,311		32,852		-
	3 Mo Euro Euribor	(66)	Jun-24		18,017,755		18,043,982		26,227		-
	3 Mo Euro Euribor	(37)	Sep-23		10,106,491		10,131,897		25,406		-
	3 Mo Euro Euribor	(66)	Dec-23		18,015,930		18,059,014		43,084		-
	90 Day Euro	(145)	Mar-23		35,177,000		35,260,319		83,319		-
	90 Day Euro	(200)	Jun-23		48,435,000		48,551,395		116,395		-
	90 Day Euro	(275)	Sep-23		66,605,000		67,147,938		542,938		-
	90 Day Euro	(106)	Dec-22		25,795,100		25,846,706		51,606		-
	90 Day Euro	(340)	Dec-23		82,424,500		82,914,284		489,784		-
	90 Day Euro	(389)	Mar-24		94,405,438		94,830,894		425,456		-
	90 Day Euro	(428)	Jun-24		103,966,550		104,285,019		318,469		-
	90 Day Euro	(442)	Sep-24		107,444,675		107,387,258		-		(57,417)
	Aluminum - 90 Day Settlement (a)	(5)	Apr-22		435,139		357,733		-		(77,406)
	Aluminum - 90 Day Settlement (a)	(1)	Apr-22		87,032		73,437		-		(13,595)
	Aluminum - 90 Day Settlement (a)	(1)	Apr-22		87,084		74,805		-		(12,279)
	Aluminum - 90 Day Settlement (a)	(4)	Apr-22		348,522		307,574		-		(40,948)
	Aluminum - 90 Day Settlement (a)	(2)	May-22		174,418		149,368		-		(25,050)
	Aluminum - 90 Day Settlement (a)	(1)	May-22		87,106		77,843		-		(9,263)
	Aluminum - 90 Day Settlement (a)	(2)	May-22		174,218		166,212		-		(8,006)
	Aluminum - 90 Day Settlement (a)	(2)	May-22		174,168		170,851		-		(3,317)
	Aluminum - 90 Day Settlement (a)	(5)	Jun-22		435,826		456,177		20,351		-
	Aluminum - 90 Day Settlement (a)	(1)	Jun-22		87,204		86,294		-		(910)
	Aluminum - 90 Day Settlement (a)	(2)	Jun-22		174,500		165,004		-		(9,496)
	Aluminum - 90 Day Settlement (a)	(1)	Jun-22		87,257		91,362		4,105		-
	Aluminum (a)(b)	(348)	Jun-22		30,376,050		29,800,597		-		(575,453)
	Australian 10 Yr Bond	(1,772)	Jun-22		168,059,992		170,563,207		2,503,215		-
	Australian Dollar	(50)	Jun-22		3,748,250		3,679,332		-		(68,918)
	British Pound	(1)	Jun-22		82,069		81,998		-		(71)
	Canadian 10 Yr Bond	(740)	Jun-22		77,282,247		78,336,736		1,054,489		-
	Canadian Dollar	(31)	Jun-22		2,482,790		2,482,395		-		(395)
	Carbon Emission	(11)	Dec-22		930,671		948,174		17,503		-
	CBOE Volatility Index (a)	(172)	Apr-22		4,036,668		4,373,754		337,086		-
	CBOE Volatility Index (a)	(71)	May-22		1,774,127		1,926,202		152,075		-
	CBOE Volatility Index (a)	(18)	Jun-22		458,591		480,246		21,655		-
	CBOE Volatility Index (a)	(185)	Jun-22		25,061,719		24,869,200		-		(192,519)
	Cocoa (ICE) (a)	(148)	May-22		3,439,283		3,526,279		86,996		-
	Cocoa (NYBOT) (a)	(29)	May-22		768,500		751,959		-		(16,541)
	Copper - 90 Day Settlement (a)	(1)	May-22		259,275		243,909		-		(15,366)
	Copper - 90 Day Settlement (a)	(2)	May-22		518,591		494,459		-		(24,132)
	Copper - 90 Day Settlement (a)	(1)	May-22		259,363		250,033		-		(9,330)
	Copper - 90 Day Settlement (a)	(1)	May-22		259,298		248,097		-		(11,201)
	Copper (a)(b)	(157)	Jun-22		40,731,688		39,893,239		-		(838,449)
	DAX Index	(47)	Jun-22		18,760,745		18,837,835		77,090		-
	Dow Jones Industrial Average Mini E-Cbot Index	(37)	Jun-22		6,404,330		6,084,864		-		(319,466)
	Euro	(422)	Jun-22		58,547,225		58,644,748		97,523		-
	Euro-Bobl	(2,495)	Jun-22		355,667,570		356,195,030		527,460		-
	Euro-BTP	(10)	Jun-22		1,530,063		1,520,701		-		(9,362)
	Euro-Bund	(1,277)	Jun-22		224,137,198		224,078,890		-		(58,308)
	Euro-Buxl 30 Yr Bond	(15)	Jun-22		3,089,773		3,040,663		-		(49,110)
	Euro-OAT	(243)	Jun-22		40,728,946		40,318,658		-		(410,288)
	Euro-Schatz	(2,027)	Jun-22		248,310,023		250,175,635		1,865,612		-
	Euro-Stoxx 50 Index	(147)	Jun-22		6,216,948		6,248,404		31,456		-
	FTSE China A50 Index	(226)	Apr-22		3,107,274		3,102,253		-		(5,021)
	FTSE MIB Index	(19)	Jun-22		2,564,932		2,561,816		-		(3,116)
	Gold (a)	(4)	Jun-22		781,600		775,273		-		(6,327)
	Hang Seng Index	(181)	Apr-22		25,405,576		25,056,633		-		(348,943)
	IBEX 35 Index	(18)	Apr-22		1,675,825		1,690,404		14,579		-
	Japanese 10 Yr Bond	(131)	Jun-22		161,086,742		160,965,551		-		(121,191)
	Japanese Yen	(1,366)	Jun-22		140,655,313		140,105,315		-		(549,998)
	KOSPI 200 Index	(267)	Jun-22		20,139,826		19,981,587		-		(158,239)
	Lead (a)(b)	(16)	Jun-22		969,000		927,079		-		(41,921)
	Lead Based Metal - 90 Day Settlement (a)	(1)	May-22		60,565		58,282		-		(2,283)
	Live Cattle (a)	(52)	Jun-22		2,852,200		2,853,369		1,169		-
	Long Gilt	(282)	Jun-22		44,909,437		45,116,744		207,307		-
	Low Sulphur Gasoil (a)	(2)	May-22		201,600		196,048		-		(5,552)
	MSCI EAFE Index	(162)	Jun-22		17,369,640		17,645,301		275,661		-
	MSCI Emerging Markets Index	(357)	Jun-22		20,090,175		20,374,791		284,616		-
	New Zealand Dollar	(25)	Jun-22		1,731,000		1,735,675		4,675		-
	Nickel - 90 Day Settlement (a)	(1)	Apr-22		192,658		134,119		-		(58,539)
	Nickel - 90 Day Settlement (a)	(1)	Apr-22		192,686		138,293		-		(54,393)
	Nickel (a)(b)	(17)	Jun-22		3,274,200		3,013,606		-		(260,594)
	Nikkei 225 Index (OSE)	(29)	Jun-22		6,629,456		6,633,590		4,134		-
	Nikkei 225 Index (SGX)	(12)	Jun-22		1,369,887		1,375,747		5,860		-
	Russell 2000 Mini Index	(148)	Jun-22		15,291,360		14,846,658		-		(444,702)
	SET 50 Index	(153)	Jun-22		935,670		928,660		-		(7,010)
	SGX Nifty 50 Index	(164)	Apr-22		5,751,972		5,746,092		-		(5,880)
	Silver (a)	(64)	May-22		8,042,560		7,962,282		-		(80,278)
	Swiss Franc	(15)	Jun-22		2,038,313		2,039,988		1,675		-
	Swiss Franc	(23)	Jun-24		7,381,624		7,386,726		5,102		-
	Swiss Franc	(36)	Dec-23		11,530,201		11,545,998		15,797		-
	Swiss Franc	(24)	Mar-24		7,691,924		7,696,779		4,855		-
	Tokyo Price Index	(42)	Jun-22		6,715,377		6,387,326		-		(328,051)
	U.S. 10 Yr Note	(3,787)	Jun-22		465,327,625		464,594,595		-		(733,030)
	U.S. 2 Yr Note	(439)	Jun-22		93,033,704		93,044,829		11,125		-
	U.S. 5 Yr Note	(4,288)	Jun-22		491,780,000		491,125,386		-		(654,614)
	U.S. Long Bond	(736)	Jun-22		110,446,000		109,756,876		-		(689,124)
	U.S. Ultra Bond	(74)	Jun-22		13,107,250		12,913,514		-		(193,736)
	Wheat (a)	(14)	May-22		704,200		749,381		45,181		-
	WTI Crude (a)	(3)	Apr-22		300,840		300,373		-		(467)
	Zinc - 90 Day Settlement (a)	(1)	May-22		105,080		89,775		-		(15,305)
	Zinc - 90 Day Settlement (a)	(1)	May-22		104,923		89,508		-		(15,415)
	Zinc - 90 Day Settlement (a)	(1)	May-22		104,823		96,719		-		(8,104)
	Zinc (a)(b)	(187)	May-22		19,581,238		17,924,897		-		(1,656,341)
Total Sale Contracts									9,833,888		(9,312,816)
Total Futures Contracts								$	27,125,683	$	(16,042,237)
Net Unrealized Appreciation								$	11,083,446

(a)	London Metal Exchange (''LME'') futures contracts settle on their respective maturity date.
COMEX	Commodity Exchange, Inc.
ICE	Intercontinental Exchange
NYBOT	New York Board of Trade
OSE	Osaka Securities Exchange
SGX	Singapore Exchange Limited

NOTES
Investment Valuation
Fair Value Measurement Summary
March 31, 2022  (Unaudited)
The LoCorr Macro Strategies Fund, LoCorr Long/Short Commodities Strategy Fund, LoCorr Market Trend Fund, LoCorr Dynamic Equity Fund and the LoCorr Spectrum Income Fund (individually a ''Fund'' and collectively the ''Funds'') follow fair valuation accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value and changes in valuation techniques and related inputs during the period. These inputs are summarized in three broad levels listed below:
Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities that the Funds have the ability to access.
Level 2 – Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
Level 3 – Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available; representing the Funds’ own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.
Generally, the Funds’ investments are valued each day at the last quoted sales price on each investment’s primary exchange. Investments traded or dealt in upon one or more exchanges (whether domestic or foreign) for which market quotations are readily available and not subject to restrictions against resale shall be valued at the last quoted sales price on the primary exchange or, in the absence of a sale on the primary exchange, at the last bid on the primary exchange. Investments primarily traded in the National Association of Securities Dealers’ Automated Quotation System (“NASDAQ”) National Market System for which market quotations are readily available shall be valued using the NASDAQ Official Closing Price.
The Funds may use independent pricing services to assist in calculating the value of the Funds’ investments. In addition, market prices for foreign investments are not determined at the same time of day as the net asset value (“NAV”) for the Funds. Because the Funds may invest in portfolio investments primarily listed on foreign exchanges, and these exchanges may trade on weekends or other days when the Funds do not price their shares, the value of some of the Funds’ portfolio investments may change on days when you may not be able to buy or sell the Funds’ shares. In computing the NAV, the Funds value foreign investments held by the Funds at the latest closing price on the exchange in which they are traded immediately prior to closing of the NYSE. Prices of foreign investments quoted in foreign currencies are translated into U.S. dollars at current rates. If events materially affecting the value of an investment in the Funds’ portfolio, particularly foreign investments, occur after the close of trading on a foreign market but before the Funds price their shares, the investment will be valued at fair value.
American Depositary Receipts
The Funds may invest in sponsored and unsponsored American Depositary Receipts (“ADRs”), which are receipts issued by an American bank or trust company evidencing ownership of underlying securities issued by a foreign issuer. ADRs, in registered form, are designed for use in U.S. securities markets. Unsponsored ADRs may be created without the participation of the foreign issuer. Holders of unsponsored ADRs generally bear all the costs of the ADR facility, whereas foreign issuers typically bear certain costs in a sponsored ADR. The bank or trust company depositary of an unsponsored ADR may be under no obligation to distribute shareholder communications received from the foreign issuer or to pass through voting rights. ADRs are generally categorized in Level 1 or Level 2 of the fair value hierarchy depending on inputs used and market activity levels for specific securities.
Equity Securities
Equity securities, including common stocks, preferred stocks, securities convertible into common stocks, such as convertible bonds, warrants, rights, options, master limited partnership (“MLP”) interests, real estate investment trusts (“REITs”), business development companies and royalty trusts, generally are valued by using market quotations, but may be valued on the basis of prices furnished by a pricing service when the Adviser believes such prices accurately reflect the fair market value of such securities. MLP interests are limited partnerships, the interests in which (known as “units”) typically trade publicly, like stock. Master limited partnerships are also called publicly traded partnerships and public limited partnerships. Securities that are traded on any stock exchange or on the NASDAQ over-the-counter market are generally valued by the pricing service at the last quoted sale price. Lacking a last sale price, an equity security is generally valued by the pricing service at its last bid price. Equity securities are generally categorized in Level 1 or Level 2 of the fair value hierarchy depending on inputs used and market activity levels for specific securities.
Exchange Traded Funds
The Funds may invest in Exchange Traded Funds (“ETFs”). They are managed by professionals and provide the investor with diversification, cost and tax efficiency, liquidity, marginability, are useful for hedging, have the ability to go long and short, and some provide quarterly dividends. Additionally, some ETFs are unit investment trusts (“UITs”), which are unmanaged portfolios overseen by trustees. ETFs generally have two markets. The primary market is where institutions swap “creation units” in block-multiples of shares, typically 25,000 or 50,000, for in-kind securities and cash in the form of dividends. The secondary market is where individual investors can trade as little as a single share during trading hours on the exchange. This is different from open-ended mutual funds that are traded after hours once the NAV is calculated. ETFs share many similar risks with open-end and closed-end funds. ETFs are generally categorized in Level 1 of the fair value hierarchy.
The Funds may invest in ETFs and other investment companies that hold a portfolio of foreign securities. Investing in securities of foreign companies and countries involves certain considerations and risks that are not typically associated with investing in U.S. government securities and securities of domestic companies. There may be less publicly available information about a foreign issuer than a domestic one, and foreign companies are not generally subject to uniform accounting, auditing and financial standards and requirements comparable to those applicable to U.S. companies. There may also be less government supervision and regulation of foreign securities exchanges, brokers and listed companies than exists in the United States. Interest and dividends paid by foreign issuers may be subject to withholding and other foreign taxes, which may decrease the net return on such investments as compared to dividends and interest paid to the Fund by domestic companies or the U.S. government. There may be the possibility of expropriations, seizure or nationalization of foreign deposits, confiscatory taxation, political, economic or social instability or diplomatic developments that could affect assets of the Fund held in foreign countries. Finally, the establishment of exchange controls or other foreign governmental laws or restrictions could adversely affect the payment of obligations.
Fixed Income Securities
Fixed income securities and certificates of deposit with maturities more than 60 days when acquired generally are valued using an evaluated price supplied by an independent pricing service. Inputs used by the pricing service for U.S. government and treasury securities are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker dealer quotes, yields, bids, offers, and reference data. Agency issued debt securities, foreign issued bonds and municipal bonds are generally valued in a manner similar to U.S. government securities. Evaluations for corporate bonds are typically based on valuation methodologies such as market pricing and other analytical pricing models as well as market transactions and dealer quotations based on observable inputs. Fixed income securities are generally categorized in Level 1 or Level 2 of the fair value hierarchy depending on inputs used and market activity levels for specific securities.
The fair value of asset backed securities and mortgage backed securities is estimated on models that consider the estimated cash flows of each tranche of the entity, establish a benchmark yield, and develop an estimated tranche-specific spread to the benchmark yield based on the unique attributes of the tranche. Additional inputs such as creditworthiness of the underlying collateral and quotes from outside brokers for the same or similar issuance may also be considered in the development of fair value. Asset backed and mortgage backed securities are generally categorized in Level 2 of the fair value hierarchy.
Short-term investments in fixed income securities and certificates of deposit with maturities of less than 60 days when acquired, or which subsequently are within 60 days of maturity, are valued using an amortized cost method of valuation, and are generally categorized in Level 2.
Investment Companies
With respect to any portion of the Funds’ assets that are invested in one or more open-end management investment companies, including money market funds, registered under the 1940 Act, the Funds’ net asset value is calculated based upon the net asset values of those open-end management investment companies, and the prospectuses for these companies explain the circumstances under which those companies will use fair value pricing and the effects of using fair value pricing.
The Funds generally will purchase shares of closed-end investment companies only in the secondary market. The shares of many closed-end investment companies, after their initial public offering, frequently trade at a price per share that is less than the net asset value per share, the difference representing the “market discount” of such shares. This market discount may be due in part to the investment objective of long-term appreciation, which is sought by many closed-end investment companies, as well as to the fact that the shares of closed-end investment companies are not redeemable by the holder upon demand to the issuer at the next determined net asset value but rather are subject to the principles of supply and demand in the secondary market. A relative lack of secondary market purchasers of closed-end investment company shares also may contribute to such shares trading at a discount to their net asset value. Closed-end investment companies are generally categorized in Level 1 or Level 2 of the fair value hierarchy depending on inputs used and market activity levels for specific securities.
Financial Derivative Instruments
Financial derivative instruments, such as forward currency contracts, futures contracts, swap agreements or options contracts, derive their value from underlying asset prices, indices, reference rates and other inputs or a combination of these factors. These contracts are normally valued on the basis of broker-dealer quotations, a pricing service at the settlement price determined by the relevant exchange or by the counterparty. Depending on the product and the terms of the transaction, the value of the derivative contracts can be estimated by a pricing service provider using a series of techniques, including simulation pricing models. The pricing models use inputs that are observed from actively quoted markets such as issuer details, indices, spreads, interest rates, curves, dividends and exchange rates.
Forward currency contracts represent the purchase or sale of a specific quantity of a foreign currency at the current or spot price, with delivery and settlement at a specified future date. Forward currency contracts are presented at fair value using spot currency rates and are adjusted for the time value of money (forward points) and contractual prices of the underlying financial instruments. Forward currency contracts are generally categorized in Level 2.
Futures contracts are carried at fair value using the primary exchange’s closing (settlement) price, and are generally categorized in Level 1.
Total return swap contracts are stated at fair value daily based on the fair value of the underlying futures and forward currency contracts constituting the contract’s stated index, taking into account any fees and expenses associated with the swap agreement. Total return swap contracts are generally categorized in Level 2.
Fund-linked options are stated at fair value based on the fair value of Galaxy Plus Fund – East Alpha Feeder Fund (548) LLC and Galaxy Plus Fund - CoreCommodity Feeder Fund (558) LLC, taking into account any fees and expenses associated with the fund-linked option. Fund-linked options are generally categorized in Level 2.
Fair Value Pricing
If market quotations are not readily available, investments will be valued at their fair value as determined in good faith by the Adviser in accordance with procedures approved by the Board of Trustees (the “Board”) and evaluated by the Board as to the reliability of the fair value method used. In these cases, a Fund’s NAV will reflect certain portfolio investments’ fair value rather than their market price. Fair value pricing involves subjective judgments and it is possible that the fair value determined for an investment is materially different than the value that could be realized upon the sale of that investment. The fair value prices can differ from market prices when they become available or when a price becomes available.
Fair value determinations are required for the following securities:
●	securities for which market quotations are not readily available at the valuation time on a particular business day (including without limitation securities for which there is a short and temporary lapse in the provision of a price by the regular pricing source);
●	securities for which, in the opinion of the Adviser/relevant Sub-Adviser, the prices or values available do not represent the fair value of the instrument, based upon factors that may include, but are not limited to, the following: the availability of only a bid price or an ask price; the spread between bid and ask prices; the frequency of sales; the thinness of the market; the size of reported trades; and actions of the securitiesmarkets or regulators, such as the suspension or limitation of trading;
●	securities determined to be illiquid in accordance with the Trust’s Liquidity Procedures; and
●	securities with respect to which an event that will affect the value thereof has occurred subsequent to the determination by the Adviser/relevant Sub-Adviser of the closing prices reported on the principal exchange on which the securities are traded, but prior to the relevant Fund’s calculation of its NAV.
●	For any open-end mutual funds that do not provide timely NAV information, the Adviser/relevant Sub-Adviser shall evaluate those ‘similar’ funds and determine which are most appropriate based on funds having similar benchmarks or similar objectives. The Adviser/relevant Sub-Adviser shall then calculate the NAV percentage move of those ‘similar’ funds for the day to create an aggregate average percentage move, which it shall use to calculate the price movement for the day of the Fund at issue. For closed-end funds, the aforementioned practice shall be utilized, in addition to monitoring secondary market activity during the day.
Performing Fair Value Pricing
The Adviser considers all appropriate factors relevant to the value of securities for which market quotations are not readily available. No single standard for determining fair value can be established, since fair value depends upon the circumstances of each individual case. As a general principle, the current fair value of an issue of securities being valued by the Adviser would appear to be the amount that the owner might reasonably expect to receive for them upon their current sale.
As a general matter, the Funds’ Adviser will value the portfolio security or other asset primarily by reference to the public market if there is a public market for securities of the same class or similar securities; primarily by reference to private transactions if public market reference is not available and private transaction reports are available; and primarily by use of one or more analytical methods or models if public and private market references are not available or not reliable. The Adviser will use cost only if no better method of valuation is available.
The Adviser regularly evaluates whether its pricing methodologies continue to result in values that the Fund might reasonably expect to receive upon a current sale. In order to do this, the Adviser compares its fair value prices with values that are available from other sources (if there are any). The next actual sales price of a security might be one such source. However, the next-day opening prices or next actual sales prices for a security may differ from the fair value of that security as of the time for NAV calculation, given the subjectivity inherent in fair valuation and the fact that events could occur after NAV calculation. Thus, discrepancies between fair values and next-day opening prices or next actual sales prices may occur on a regular and recurring basis. These discrepancies do not necessarily indicate that the Adviser’s fair value methodology is inappropriate. Nonetheless, systematic comparisons of fair values to the next-day opening prices or next actual sales prices are useful to assist the Adviser with ongoing monitoring and evaluation of the appropriateness of its fair value methodologies.
The above guidance does not purport to delineate all factors that may be considered. The Adviser takes into consideration all indications of value available to it in determining the fair value assigned to a particular security.
	The following table summarizes LoCorr Macro Strategies Fund’s consolidated investments and other financial instruments as of March 31, 2022:

Security Classification	Level 1		Level 2		Level 3		Total
Investments
Asset Backed Securities	$	-	$	107,454,612	$	-	$	107,454,612
Corporate Bonds		-		353,183,333		-		353,183,333
Mortgage Backed Securities		-		227,490,869		-		227,490,869
Municipal Bonds		-		11,937,539		-		11,937,539
U.S. Government Agency Issues		-		186,077,617		-		186,077,617
U.S. Government Notes		-		300,897,192		-		300,897,192
Short Term Investments		323,194,185		5,631,107		-		328,825,292
Total Investments	$	323,194,185	$	1,192,672,269	$	-	$	1,515,866,454
Other Financial Instruments*
Forward Currency Contracts
Purchase	$	-	$	9,997,392	$	-	$	9,997,392
Sale		-		493,739		-		493,739
Total Forward Currency Contracts		-		10,491,131		-		10,491,131
Futures Contracts
Long		10,562,374		-		-		10,562,374
Short		521,072		-		-		521,072
Total Futures Contracts		11,083,446		-		-		11,083,446
Total Other Financial Instruments	$	11,083,446	$	10,491,131	$	-	$	21,574,577

See the Fund’s consolidated schedule of investments for the investments detailed by industry classification.

*The fair value of the Fund’s other financial instruments represents the net unrealized appreciation at March 31, 2022.

The LoCorr Macro Strategies Fund did not hold any Level 3 assets during the period.