LEQIX Fees and Costs — LoCorr Dynamic Opportunity Fund, Class I
Data updated: 2026-08-25
The net expense ratio is 2.35%: a 1.50% management fee plus 1.17% other expenses, less a 0.32% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $365K in broker commissions, 0.8940% of average net assets, and portfolio turnover was 1506%.
LEQIX Fees and Expenses
Annual operating expenses and sales charges of LEQIX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.17% |
| Gross expense ratio | 2.67% |
| Fee waiver | −0.32% |
| Net expense ratio | 2.35% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
LEQIX Costs Over Time
On $10,000 invested in LEQIX, assuming 5% a year before costs, total costs come to $1,940 over 5 years, cutting the return by 3.41% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 2.35%) | $247 | $752 | $1,274 |
| Trading costs (broker commissions) | $94 | $286 | $485 |
| Lost growth on money paid in costs | $0 | $52 | $182 |
| Total costs | $341 | $1,090 | $1,940 |
| Value after costs | $10,159 | $10,486 | $10,823 |
| Impact on return, per year | 3.41% | 3.41% | 3.41% |
LEQIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.8940%
- Total broker commissions: $365K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 1506%
- Securities lending: none during the year
LEQIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| COWEN AND COMPANY LLC | $58K | 24.47% |
| MORGAN STANLEY & CO. LLC | $51K | 21.27% |
| PERSHING LLC | $34K | 14.33% |
| RBC CAPITAL MARKETS, LLC | $20K | 8.35% |
| UBS FINANCIAL SERVICES INC. | $16K | 6.80% |
| Cowen Execution Services LLC | $15K | 6.35% |
| INSTINET CLEARING SERVICES, INC. | $12K | 5.00% |
| COWEN PRIME SERVICES LLC | $11K | 4.57% |
| BTIG, LLC | $11K | 4.49% |
| NATIONAL FINANCIAL SERVICES LLC | $10K | 4.37% |
LoCorr Dynamic Opportunity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LEQIX | Class I | 2.35% | none |
| LEQAX | Class A | 2.60% | 5.75% |
| LEQCX | Class C | 3.35% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.