LSAAX Fees and Costs — LoCorr Strategic Allocation Fund, Class A
Data updated: 2026-08-25
The net expense ratio is 1.84%: a 1.24% management fee, a 0.25% 12b-1 fee plus 1.32% other expenses, less a 0.97% fee waiver. This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $23K in broker commissions, 0.0630% of average net assets, and portfolio turnover was 72%.
LSAAX Fees and Expenses
Annual operating expenses and sales charges of LSAAX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.24% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.32% |
| Gross expense ratio | 2.81% |
| Fee waiver | −0.97% |
| Net expense ratio | 1.84% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
LSAAX Costs Over Time
On $10,000 invested in LSAAX, assuming 5% a year before costs, total costs come to $1,836 over 5 years, cutting the return by 3.21% 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 |
| Sales charges | $672 | $575 | $575 |
| Fund expenses (net expense ratio 1.84%) | $182 | $563 | $967 |
| Trading costs (broker commissions) | $6 | $19 | $33 |
| Lost growth on money paid in costs | $29 | $120 | $261 |
| Total costs | $889 | $1,277 | $1,836 |
| Value after costs | $9,611 | $10,300 | $10,927 |
| Impact on return, per year | 8.89% | 4.01% | 3.21% |
LSAAX 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): 0.0630%
- Total broker commissions: $23K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 72%
- Securities lending: none during the year
LSAAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Deutsche Bank Securities Inc. | $15K | 69.45% |
| J.P. MORGAN SECURITIES LLC | $1K | 5.49% |
| PIPER SANDLER & CO. | $963 | 4.35% |
| NATIONAL FINANCIAL SERVICES LLC | $948 | 4.28% |
| RBC CAPITAL MARKETS, LLC | $828 | 3.74% |
| S.G. SECURITIES LTD. | $783 | 3.54% |
| INSTINET CLEARING SERVICES, INC. | $780 | 3.52% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $467 | 2.11% |
| GOLDMAN SACHS & CO. LLC | $394 | 1.78% |
| UBS FINANCIAL SERVICES INC. | $385 | 1.74% |
LoCorr Strategic Allocation Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LSAIX | Class I | 1.59% | none |
| LSAAX | Class A | 1.84% | 5.75% |
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.