LoCorr Macro Strategies Fund
Consolidated Schedule of Investments
March 31, 2023 (Unaudited)
		Maturity	Coupon	Principal
		Date	Rate	Amount		Value
ASSET BACKED SECURITIES: 4.86%
321 Henderson Receivables I LLC
	Series 2006-1A A1 (1 Month LIBOR USD + 0.200%) (a)(c)	03/15/2041	4.88%	$	20,416	$	20,386
	Series 2004-A A1 (1 Month LIBOR USD + 0.350%) (a)(c)	09/15/2045	5.03%	32,140		31,804
American Homes 4 Rent Trust, 2014-SFR2 A (a)		10/17/2036	3.79%	710,819		692,892
AmeriCredit Automobile Receivables Trust, 2021-2 A3		12/18/2026	0.34%	4,103,406		4,000,258
Bank of America Credit Card Trust, 2021-A1 A1		09/15/2026	0.44%	2,120,000		2,023,001
Carmax Auto Owner Trust, 2021-4 A3		09/15/2026	0.56%	3,805,000		3,612,973
Carvana Auto Receivables Trust
	Series 2021-P2 A3	03/10/2026	0.49%	4,499,458		4,350,915
	Series 2021-P4 A-3	01/10/2027	1.31%	7,270,000		6,891,157
	Series 2022-P3	11/10/2027	4.61%	4,800,000		4,693,854
Citibank Credit Card Issuance Trust, 2018-A3 A3		05/23/2025	3.29%	3,500,000		3,490,475
DB Master Finance LLC, 2021-1A A2I (a)		11/20/2051	2.05%	4,048,750		3,559,062
Diamond Resorts Owner Trust, 2021-1A A (a)		11/21/2033	1.51%	1,061,095		983,011
Elara HGV Timeshare Issuer, 2021-A A (a)		08/27/2035	1.36%	1,818,212		1,633,183
Entergy New Orleans Storm Recovery Funding LLC, 2015-1 A		06/01/2027	2.67%	345,059		336,628
Ford Credit Auto Owner Trust, 2018-2 A (a)		01/15/2030	3.47%	1,400,000		1,392,180
Freddie Mac STACR REMIC Trust, 2021-HQA4 M1 (SOFR30A + 0.950%) (a)(c)		12/26/2041	5.51%	5,493,397		5,292,188
GM Financial Consumer Automobile Receivables Trust
	Series 2021-1 A3	10/16/2025	0.35%	2,042,658		1,987,760
	Series 2021-3 A3	06/16/2026	0.48%	5,340,486		5,122,843
Hilton Grand Vacations Trust, 2019-AA A (a)		07/25/2033	2.34%	1,078,686		1,015,330
Hyundai Auto Receivables Trust, 2020-C A3		05/15/2025	0.38%	2,726,525		2,662,035
Invitation Homes Trust, 2018-SFR4 A (1 Month LIBOR USD + 1.100%) (a)(c)		01/19/2038	5.81%	880,184		876,601
John Deere Owner Trust, 2022-C		08/15/2025	4.98%	7,000,000		6,993,507
MVW Owner Trust
	Series 2019-1A A (a)	11/20/2036	2.89%	477,043		451,697
	Series 2019-2A A (a)	10/20/2038	2.22%	692,826		648,820
	Series 2021-1WA A (a)	01/22/2041	1.14%	1,796,709		1,635,031
Navient Student Loan Trust, 2021-A A (a)		05/15/2069	0.84%	1,931,858		1,687,883
PFS Financing Corp.
	Series 2020-G A (a)	02/17/2026	0.97%	2,288,000		2,199,838
	Series 2021-B A (a)	08/17/2026	0.77%	3,550,000		3,316,799
Planet Fitness Master Issuer LLC, 3.25100 (a)		12/05/2051	3.25%	3,168,000		2,770,657
Santander Drive Auto Receivables Trust, 2022-6 A3		11/16/2026	4.49%	4,500,000		4,460,916
Sierra Receivables Funding LLC, 2018-3A A (a)		09/20/2035	3.69%	462,593		458,704
SoFi Professional Loan Program LLC, 2016-D A2B (a)		04/25/2033	2.34%	133,689		131,345
SoFi Professional Loan Program Trust, 2021-B AFX (a)		02/15/2047	1.14%	1,654,065		1,380,874
Taco Bell Funding LLC, 2021-1A A21 (a)		08/25/2051	1.95%	5,796,625		5,036,322
Tesla Auto Lease Trust, 2021-A B (a)		03/20/2025	1.02%	2,900,000		2,811,045
Toyota Auto Loan Extended Note Trust, 2020-1 A (a)		05/25/2033	1.35%	1,950,000		1,809,956
Toyota Auto Receivables Owner Trust, 2022-C A3		04/15/2027	3.76%	3,000,000		2,940,463
Toyota Lease Owner Trust, 2021-B A3 (a)		10/21/2024	0.42%	5,992,155		5,882,270
Volkswagen Auto Loan Enhanced Trust, 2021-1 A3		06/22/2026	1.02%	5,570,000		5,324,393
TOTAL ASSET BACKED SECURITIES (Cost $109,719,219)						104,609,056
CORPORATE BONDS: 9.11%
Aerospace & Defense: 0.20%
Boeing Co.		02/04/2026	2.20%	3,655,000		3,392,168
Raytheon Technologies Corp.		02/27/2026	5.00%	870,000		882,636
						4,274,804
Agriculture: 0.06%
Philip Morris International, Inc.		02/15/2028	4.88%	1,400,000		1,411,777
Auto Manufacturers: 0.25%
General Motors Financial Co., Inc.		02/26/2027	2.35%	660,000		590,332
General Motors Financial Co., Inc.		06/20/2025	2.75%	1,400,000		1,324,934
Mercedes-Benz Finance North America LLC (a)		03/01/2024	0.75%	795,000		763,191
Volkswagen Group of America Finance LLC (a)		11/22/2023	0.88%	1,440,000		1,400,401
Volkswagen Group of America Finance LLC (a)		11/24/2025	1.25%	1,390,000		1,263,769
						5,342,627
Banks: 3.87%
Banco Santander SA (b)		03/24/2025	3.50%	1,175,000		1,129,527
Banco Santander SA (b)		05/28/2025	2.75%	815,000		768,185
Bank of America Corp. (SOFR + 1.150%) (c)		06/19/2026	1.32%	6,205,000		5,673,423
Bank of America Corp. (SOFR + 1.010%) (c)		10/24/2026	1.20%	4,215,000		3,781,562
Bank of America Corp. (SOFR + 1.580%) (c)		04/27/2028	4.38%	3,015,000		2,920,103
Barclays PLC (1 Year CMT  Rate + 0.800%) (b)(c)		12/10/2024	1.01%	2,465,000		2,374,855
Canadian Imperial Bank (b)		04/07/2027	3.45%	1,665,000		1,572,876
Citigroup, Inc. (SOFR + 1.372%) (c)		05/24/2025	4.14%	3,505,000		3,441,446
Citigroup, Inc. (SOFR + 0.528%) (c)		11/03/2025	1.28%	2,455,000		2,292,195
Citigroup, Inc. (SOFR + 0.765%) (c)		01/28/2027	1.12%	2,030,000		1,808,194
Citigroup, Inc. (SOFR + 1.887%) (c)		05/24/2028	4.66%	1,105,000		1,089,729
Credit Suisse AG (b)		05/05/2023	1.00%	2,610,000		2,583,900
Credit Suisse AG (b)		08/09/2023	0.52%	1,805,000		1,753,106
Credit Suisse AG (b)		07/09/2027	5.00%	1,425,000		1,371,563
Deutsche Bank NY (b)		05/28/2024	0.90%	1,115,000		1,046,361
Federation des Caisses Desjardins du Quebec (a)(b)		03/14/2028	5.70%	1,340,000		1,369,705
Goldman Sachs Group, Inc. (3 Month LIBOR USD + 1.201%) (c)		09/29/2025	3.27%	5,795,000		5,619,661
Goldman Sachs Group, Inc. (SOFR + 0.609%) (c)		02/12/2026	0.86%	1,520,000		1,389,957
Goldman Sachs Group, Inc. (SOFR + 0.789%) (c)		12/09/2026	1.09%	3,400,000		3,042,706
HSBC Holdings PLC (SOFR + 1.929%) (b)(c)		06/04/2026	2.10%	3,510,000		3,220,531
ING Groep NV (b)		04/09/2024	3.55%	1,955,000		1,913,241
ING Groep NV (SOFR + 1.640%) (b)(c)		03/28/2026	3.87%	2,085,000		2,015,044
JP Morgan Chase & Co. (SOFR + 0.800%) (c)		11/19/2026	1.05%	7,695,000		6,861,867
JP Morgan Chase & Co. (TSFR3M + 0.695%) (c)		02/04/2027	1.04%	2,980,000		2,657,934
Mitsubishi UFJ Financial Group, Inc. (b)		02/25/2025	2.19%	1,945,000		1,831,477
Morgan Stanley (SOFR + 0.525%) (c)		05/30/2025	0.79%	2,075,000		1,963,521
Morgan Stanley (SOFR + 1.152%) (c)		07/22/2025	2.72%	1,135,000		1,094,626
Morgan Stanley (SOFR + 0.858%) (c)		07/20/2027	1.51%	4,510,000		4,004,412
NatWest Markets PLC (a)(b)		08/12/2024	0.80%	1,475,000		1,379,694
Royal Bank of Canada (b)		07/26/2024	3.97%	1,860,000		1,834,233
Svenska Handelsbanken AB (a)(b)		06/11/2024	0.55%	930,000		879,972
Toronto-Dominion Bank (b)		06/06/2025	3.77%	1,845,000		1,795,335
Toronto-Dominion Bank (b)		09/10/2026	1.25%	2,260,000		1,996,777
UBS AG/London (a)(b)		06/01/2023	0.38%	1,390,000		1,379,132
UBS AG/London (a)(b)		08/09/2024	0.70%	1,880,000		1,755,926
UBS Group AG (1 Year CMT  Rate + 0.830%) (a)(b)(c)		07/30/2024	1.01%	750,000		734,897
UBS Group AG (1 Year CMT  Rate + 1.550%) (a)(b)(c)		05/12/2026	4.49%	1,100,000		1,060,295
						83,407,968
Building Materials: 0.04%
Trane Technologies Luxembourg Finance SA (b)		03/21/2026	3.50%	955,000		926,006
Chemicals: 0.06%
Nutrien Ltd. (b)		11/07/2025	5.95%	1,375,000		1,407,374
Cosmetics & Personal Care: 0.23%
Colgate-Palmolive Co.		03/02/2026	4.80%	2,380,000		2,432,293
Haleon US Capital LLC		03/24/2027	3.38%	2,675,000		2,534,362
						4,966,655
Diversified Financial Services: 0.70%
AerCap Ireland Capital/Global Aviation Trust (b)		10/29/2024	1.65%	5,960,000		5,566,782
AerCap Ireland Capital/Global Aviation Trust (b)		01/30/2026	1.75%	1,465,000		1,310,925
Air Lease Corp.		12/15/2027	5.85%	1,900,000		1,908,556
Capital One Financial Corp. (SOFR + 1.370%) (c)		05/09/2025	4.17%	2,015,000		1,951,350
Charles Schwab Corp.		03/03/2027	2.45%	1,500,000		1,342,542
OMERS Finance Trust (a)(b)		05/02/2024	2.50%	1,930,000		1,883,645
Private Export Funding Corp.		06/15/2025	3.25%	1,255,000		1,223,101
						15,186,901
Electric: 0.31%
Eversource Energy		08/15/2025	0.80%	335,000		304,428
Florida Power & Light Co.		04/01/2028	5.05%	1,105,000		1,140,745
NSTAR Electric Co.		05/15/2027	3.20%	2,490,000		2,358,983
Southern California Edison Co.		04/01/2024	1.10%	2,545,000		2,422,047
Southern California Edison Co.		02/01/2026	1.20%	510,000		458,670
						6,684,873
Entertainment: 0.22%
Warnermedia Holdings, Inc. (a)		03/15/2027	3.76%	5,005,000		4,688,424
Food: 0.25%
Conagra Brands, Inc.		08/11/2023	0.50%	1,075,000		1,056,630
General Mills, Inc.		11/18/2025	5.24%	855,000		857,422
Nestle Holdings, Inc. (a)		03/13/2026	5.25%	1,880,000		1,927,615
SYSCO Corp.		07/15/2027	3.25%	1,535,000		1,453,205
						5,294,872
Healthcare - Products: 0.39%
Baxter International, Inc.		11/29/2024	1.32%	4,640,000		4,364,725
PerkinElmer, Inc.		09/15/2024	0.85%	4,315,000		4,049,683
						8,414,408
Healthcare - Services: 0.05%
HCA, Inc. (a)		03/15/2027	3.13%	1,115,000		1,035,297
Household Products & Wares: 0.07%
Clorox Co.		10/01/2027	3.10%	1,495,000		1,409,444
Insurance: 0.57%
Equitable Financial Life Global (a)		07/07/2025	1.40%	1,780,000		1,645,265
Metropolitan Life Global Funding I (a)		06/07/2024	0.55%	2,620,000		2,492,860
Metropolitan Life Global Funding I (a)		07/02/2025	0.95%	1,565,000		1,440,013
Principal Life Global Funding II (a)		04/12/2024	0.75%	2,150,000		2,055,139
Principal Life Global Funding II (a)		01/12/2026	0.88%	2,045,000		1,822,802
Protective Life Global Funding (a)		07/05/2024	0.78%	2,905,000		2,750,894
						12,206,973
Media: 0.19%
Charter Communications Operating LLC / Charter Communications Operating Capital		07/23/2025	4.91%	2,785,000		2,755,465
Comcast Corp.		03/01/2026	3.15%	1,460,000		1,414,700
						4,170,165
Oil & Gas: 0.04%
Pioneer Natural Resources Co.		03/29/2026	5.10%	785,000		787,611
Packaging & Containers: 0.13%
Amcor Finance, Inc.		04/28/2026	3.63%	2,870,000		2,760,620
Pharmaceuticals: 0.15%
AbbVie, Inc.		05/14/2026	3.20%	860,000		829,733
CVS Health Corp.		06/01/2026	2.88%	2,505,000		2,378,407
						3,208,140
Pipelines: 0.20%
Enbridge, Inc. (b)		02/14/2025	2.50%	1,050,000		1,005,199
Enterprise Products Operating LLC		01/10/2026	5.05%	1,350,000		1,364,423
MPLX LP		03/01/2026	1.75%	2,105,000		1,919,517
						4,289,139
Real Estate Investment Trusts: 0.34%
Brixmor Operating Partnership LP		06/15/2026	4.13%	1,335,000		1,264,790
Realty Income Corp.		01/13/2026	5.05%	2,335,000		2,324,831
SITE Centers Corp.		02/01/2025	3.63%	1,115,000		1,054,429
SITE Centers Corp.		06/01/2027	4.70%	2,775,000		2,617,862
						7,261,912
Retail: 0.07%
Lowe’s Cos, Inc.		09/08/2025	4.40%	1,590,000		1,581,197
Software: 0.14%
Oracle Corp.		03/25/2028	2.30%	1,395,000		1,246,078
VMware, Inc.		08/15/2024	1.00%	1,770,000		1,669,709
						2,915,787
Telecommunications: 0.58%
AT&T, Inc.		06/01/2027	2.30%	2,125,000		1,947,682
NBN Co. Ltd. (a)(b)		10/08/2024	0.88%	1,615,000		1,514,208
T-Mobile USA, Inc.		02/15/2026	2.25%	3,620,000		3,367,274
Verizon Communications, Inc.		11/20/2025	0.85%	3,595,000		3,269,875
Verizon Communications, Inc.		03/20/2026	1.45%	2,680,000		2,463,913
						12,562,952
TOTAL CORPORATE BONDS (Cost $202,603,351)						196,195,926
MORTGAGE BACKED SECURITIES: 7.41%
ACRE Commercial Mortgage Trust, 2021-FL4 A (1 Month LIBOR USD + 0.830%) (a)(b)(c)		12/18/2037	5.59%	778,690		765,107
Alen Mortgage Trust, 2021-ACEN A (1 Month LIBOR USD + 1.150%) (a)(c)		04/17/2034	5.83%	3,150,000		2,781,731
Angel Oak Mortgage Trust
	Series 2020-1 M1 (a)(d)	12/25/2059	3.16%	1,915,000		1,648,060
	Series 2020-5 A3 (a)(d)	05/25/2065	2.04%	123,215		111,894
Barclays Commercial Mortgage Securities LLC, 2015-VFM A1 (a)		03/12/2036	2.47%	753,060		701,736
BHP Trust, 2019-BXHP A (1 Month LIBOR USD + 0.975%) (a)(c)		08/15/2036	5.66%	1,895,755		1,819,223
BSREP Commercial Mortgage Trust, 2021-DC A (1 Month LIBOR USD + 0.950%) (a)(c)		08/16/2038	5.64%	4,330,000		3,997,882
BX Commercial Mortgage Trust
	Series 2019-XL A (1 Month LIBOR USD + 1.034%) (a)(c)	10/15/2036	5.86%	2,257,978		2,232,358
	Series 2021-XL2 B (1 Month LIBOR USD + 0.998%) (a)(c)	10/15/2038	5.68%	5,096,933		4,828,538
	Series 2021-CIP A (1 Month LIBOR USD + 0.921%) (a)(c)	12/15/2038	5.61%	6,050,000		5,830,055
BX Trust, 2022-PSB (TSFR1M + 2.949%) (a)(c)		08/15/2039	7.78%	1,087,419		1,080,632
Citigroup Commercial Mortgage Trust
	Series 2019-PRM B (a)	05/10/2035	3.64%	1,000,000		979,717
	Series 2021-PRM2 A (1 Month LIBOR USD + 0.950%) (a)(c)	10/15/2038	5.64%	5,250,000		5,039,361
Comm Mortgage Trust
	Series 2015-3BP A (a)	02/12/2035	3.18%	1,030,000		960,820
	Series 2014-UBS2 AM	03/12/2047	4.20%	2,450,000		2,390,436
	Series 2014-CR19 A5	08/12/2047	3.80%	1,380,133		1,336,940
	Series 2014-LC17 A5	10/11/2047	3.92%	724,000		702,739
	Series 2014-CR21 A3	12/10/2047	3.53%	1,561,832		1,504,804
	Series 2015-CR27 AM	10/13/2048	3.98%	2,000,000		1,894,188
Connecticut Avenue Securities Trust
	Series 2021-R01 1M2 (SOFR30A + 1.550%) (a)(c)	10/25/2041	6.11%	4,305,000		4,181,444
	Series 2021-R03 1M1 (SOFR30A + 0.850%) (a)(c)	12/26/2041	5.41%	3,852,340		3,794,759
	Series 2022-R04 (SOFR30A + 2.000%) (a)(c)	03/25/2042	6.56%	1,703,534		1,705,666
	Series 2022-R03 1M1 (SOFR30A + 2.100%) (a)(c)	03/25/2042	6.66%	4,001,430		4,006,258
	Series 2022-R06 (SOFR30A + 2.750%) (a)(c)	05/25/2042	7.31%	1,136,591		1,155,023
Credit Suisse Mortgage Capital Certificates, 2019-ICE4 A (1 Month LIBOR USD + 0.980%) (a)(c)		05/15/2036	5.66%	3,491,314		3,455,990
ELP Commercial Mortgage Trust, 2021-ELP B (1 Month LIBOR USD + 1.120%) (a)(c)		11/15/2038	5.81%	5,400,000		5,129,211
Fannie Mae Connecticut Avenue Securities
	Series 2018-C01 1EB1 (1 Month LIBOR USD + 0.450%) (c)	07/25/2030	5.30%	544,627		542,117
	Series 2021-R02 2M1 (SOFR30A + 0.900%) (a)(c)	11/25/2041	5.46%	1,805,304		1,782,836
FHLMC Multifamily Structured Pass Through Certificates, K059 A1		09/25/2025	2.76%	1,361,453		1,319,881
Freddie Mac STACR REMIC Trust
	Series 2021-DNA5 M2 (SOFR30A + 1.650%) (a)(c)	01/25/2034	6.21%	356,302		349,654
	Series 2021-DNA6 M1 (SOFR30A + 0.800%) (a)(c)	10/25/2041	5.36%	4,709,871		4,667,521
	Series 2021-DNA6 (SOFR30A + 1.500%) (a)(c)	10/25/2041	6.06%	1,355,927		1,290,143
	Series 2022-DNA1 M1A (SOFR30A + 1.000%) (a)(c)	01/27/2042	5.56%	2,425,757		2,377,409
	Series 2022-HQA1 M1A (SOFR30A + 2.100%) (a)(c)	03/25/2042	6.66%	3,930,934		3,943,218
	Series 2022-DNA3 (SOFR30A + 2.000%) (a)(c)	04/25/2042	6.56%	1,841,267		1,841,256
Freddie Mac STACR Trust, 2018-HRP2 M3AS (1 Month LIBOR USD + 1.000%) (a)(c)		02/25/2047	5.85%	3,228,296		3,204,341
Freddie Mac Structured Agency Credit Risk Debt Notes
	Series 2021-DNA2 (SOFR30A + 2.300%) (a)(c)	08/25/2033	6.86%	1,530,000		1,507,081
	Series 2021-DNA7 M1 (SOFR30A + 0.850%) (a)(c)	11/25/2041	5.41%	4,482,863		4,414,643
	Series 2022-DNA2 M1A (SOFR30A + 1.300%) (a)(c)	02/25/2042	5.86%	4,298,831		4,256,070
	Series 2018-HRP2 M3 (1 Month LIBOR USD + 2.400%) (a)(c)	02/25/2047	7.25%	1,694,257		1,692,008
FRESB Multifamily Mortgage Pass Through Certificates
	Series 2016-SB17 A7F (d)	05/25/2023	2.15%	244,727		243,181
	Series 2016-SB22 A7F (d)	09/25/2023	1.98%	1,116,422		1,101,127
	Series 2017-SB32 A7F (d)	04/25/2024	2.44%	706,672		685,970
	Series 2019-SB67 A5F (d)	07/25/2024	2.09%	1,380,382		1,325,525
	Series 2019-SB69 A5F (d)	10/25/2024	2.25%	4,403,638		4,223,741
	Series 2016-SB23 A10F (d)	09/25/2026	2.31%	1,056,622		997,162
GCT Commercial Mortgage Trust, 2021-GCT A (1 Month LIBOR USD + 0.800%) (a)(c)		02/15/2038	5.48%	3,850,000		3,526,837
GS Mortgage Securities Corp II, 2021-ARDN A (1 Month LIBOR USD + 1.250%) (a)(c)		11/17/2036	5.93%	5,400,000		5,212,380
GS Mortgage Securities Trust
	Series 2017-SLP A (a)	10/12/2032	3.42%	218,479		212,039
	Series 2019-600C A (a)	09/12/2034	2.94%	2,065,000		1,811,533
	Series 2021-ROSS A (1 Month LIBOR USD + 1.150%) (a)(c)	06/16/2036	5.84%	5,000,000		4,498,641
	Series 2013-GC16 B (d)	11/10/2046	5.16%	206,000		202,355
	Series 2015-GC28 A5	02/10/2048	3.40%	1,000,000		961,175
	Series 2021-NQM1 A3 (a)(d)	07/25/2061	1.53%	1,344,452		1,131,472
J.P. Morgan Chase Commercial Mortgage Securities Trust
	Series 2018-BCON A (a)	01/07/2031	3.73%	3,630,000		3,627,087
	Series 2021-MHC A (1 Month LIBOR USD + 0.800%) (a)(c)	04/15/2038	5.48%	4,157,546		4,032,265
	Series 2013-C15 A-S	11/17/2045	4.42%	3,325,000		3,267,704
	Series 2013-C13 A4 (d)	01/18/2046	3.99%	212,975		212,019
	Series 2014-C23 ASB	09/17/2047	3.66%	867,881		850,810
	Series 2014-C22 AS	09/17/2047	4.11%	3,650,000		3,517,475
	Series 2016-JP3 A-5	08/15/2049	2.87%	1,000,000		916,997
Ladder Capital Commercial Mortgage Trust, 2013-GCP A1 (a)		02/15/2036	3.57%	1,747,707		1,627,734
Natixis Commercial Mortgage Securities Trust, 2018-285M A (a)(d)		11/15/2032	3.79%	1,000,000		953,586
New Residential Mortgage Loan Trust
	Series 2016-1A A1 (a)(d)	03/25/2056	3.75%	669,367		612,796
	Series 2017-2A A3 (a)(d)	03/25/2057	4.00%	1,022,683		964,560
OBX Trust, 2018-1 A2 (1 Month LIBOR USD + 0.650%) (a)(c)		06/25/2057	5.50%	595,048		554,356
PKHL Commercial Mortgage Trust, 2021-MF A (1 Month LIBOR USD + 0.880%) (a)(c)		07/15/2038	5.57%	5,750,000		5,402,153
SREIT Trust, 2021-MFP2 A (1 Month LIBOR USD + 0.822%) (a)(c)		11/17/2036	5.51%	5,000,000		4,799,408
UBS-Barclays Commercial Mortgage Trust
	Series 2013-C5 B (a)(d)	03/12/2046	3.65%	165,113		160,153
	Series 2013-C6 B (a)(d)	04/12/2046	3.88%	700,000		697,235
Verus Securitization Trust
	Series 2020-1 A1 (a)(c)	01/25/2060	2.42%	417,636		394,374
	Series 2020-1 A3 (a)(c)	01/25/2060	2.72%	1,068,728		1,005,847
WFRBS Commercial Mortgage Trust
	Series 2013-C13 AS	05/17/2045	3.35%	650,000		648,112
	Series 2013-C14 A5	06/15/2046	3.34%	727,218		723,287
	Series 2014-C24 A5	11/18/2047	3.61%	1,000,000		963,457
	Series 2014-C22 AS (d)	09/17/2057	4.07%	350,000		330,483
TOTAL MORTGAGE BACKED SECURITIES (Cost $167,141,029)						159,617,786
MUNICIPAL BONDS: 0.55%
Forsyth County School District		02/01/2024	0.92%	1,330,000		1,291,350
Miami Dade County Florida Aviation Refunding Taxable Series B		10/01/2023	2.37%	1,350,000		1,332,709
Nebraska Public Power District		01/01/2024	2.22%	1,700,000		1,667,150
Pennsylvania State University		09/01/2023	1.35%	2,945,000		2,904,683
State of Hawaii		08/01/2025	1.03%	4,220,000		3,907,317
Water Works Board of the City of Birmingham		01/01/2024	2.20%	695,000		681,353
TOTAL MUNICIPAL BONDS (Cost $12,240,720)						11,784,562
U.S. GOVERNMENT AGENCY ISSUES: 4.41%
Federal Farm Credit Banks Funding Corp.		06/26/2023	1.77%	5,135,000		5,096,403
Federal Farm Credit Banks Funding Corp.		03/06/2024	3.63%	10,000,000		9,894,306
Federal Farm Credit Banks Funding Corp.		03/10/2025	5.00%	14,165,000		14,342,722
Federal Home Loan Banks		09/08/2023	3.38%	9,000,000		8,943,425
Federal Home Loan Banks		02/27/2024	4.42%	9,250,000		8,871,941
Federal Home Loan Banks		04/14/2025	0.50%	9,350,000		8,692,391
Federal Home Loan Banks		02/25/2028	1.10%	11,160,000		9,563,138
Federal Home Loan Mortgage Corp.		09/08/2023	0.25%	2,000,000		1,960,360
Federal National Mortgage Association		07/02/2024	1.75%	5,000,000		4,822,451
Federal National Mortgage Association		04/22/2025	0.63%	15,000,000		13,938,880
Federal National Mortgage Association		12/18/2026	0.88%	10,105,000		8,995,194
TOTAL U.S. GOVERNMENT AGENCY ISSUES (Cost $96,134,736)						95,121,211
U.S. GOVERNMENT NOTES: 13.27%
United States Treasury Note		06/30/2024	1.75%	21,495,000		20,798,932
United States Treasury Note		01/31/2025	4.13%	16,660,000		16,646,984
United States Treasury Note		02/15/2025	7.63%	1,500,000		1,593,867
United States Treasury Note		02/28/2025	4.63%	26,195,000		26,436,485
United States Treasury Note		04/15/2025	2.63%	6,375,000		6,192,466
United States Treasury Note		05/31/2025	0.25%	67,120,000		61,899,847
United States Treasury Note		06/15/2025	2.88%	12,605,000		12,301,200
United States Treasury Note		07/15/2025	3.00%	61,425,000		60,069,331
United States Treasury Note		09/15/2025	3.50%	46,550,000		46,073,590
United States Treasury Note		11/30/2027	3.88%	28,215,000		28,481,720
United States Treasury Note		01/31/2028	3.50%	5,520,000		5,486,362
TOTAL U.S. GOVERNMENT NOTES (Cost $287,858,359)						285,980,784
SHORT TERM INVESTMENTS: 55.40%
U.S. TREASURY BILLS: 1.00%
United States Treasury Bill (c)		06/15/2023	4.45%	4,025,000		3,987,199
United States Treasury Bill (c)		11/02/2023	4.41%	18,070,000		17,591,960
TOTAL U.S. TREASURY BILLS (Cost $21,601,638)						21,579,159
MONEY MARKET DEPOSIT ACCOUNT: 54.40%
U.S. Bank N.A. (e)(f)		N/A	4.73%	1,172,014,498		1,172,014,821
TOTAL MONEY MARKET DEPOSIT ACCOUNT (Cost $1,172,014,821)						1,172,014,821
SHORT TERM INVESTMENT (Cost $1,193,616,458)						1,193,593,980
TOTAL INVESTMENTS (Cost $2,069,313,872): 95.01%						2,046,903,305
Other Assets in Excess of Liabilities: 4.99% (g)						107,587,704
TOTAL NET ASSETS: 100.00%						$	2,154,491,009

(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, 2023, the value of these securities total $209,717,123 which represents 9.73% 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, 2023.
(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, 2023.
(e)	A portion of this deposit account is pledged as collateral for derivative contracts. At March 31, 2023, the value of this collateral totals $12,516.
(f)	The Money Market Deposit Account (“MMDA”) is a short-term investment vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and may change daily and by any amount. The rate shown is as of March 31, 2023.
(g)	Includes assets pledged as collateral for derivative contracts. At March 31, 2023, the value of these assets totals $104,441,737.
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, 2023 (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, 2023		Abbreviation	Origination Date		Appreciation		(Depreciation)
Purchase Contracts:
	$	93,365,791	DB	04/19/2023	AUD	$	93,292,002	USD	$	93,365,791	$	–	$	(73,789	)
		30,404,864	BAML	06/23/2023	AUD		30,436,287	USD		30,404,864		31,423		–
		59,592,342	DB	04/19/2023	BRL		61,059,388	USD		59,592,342		1,467,046		–
		55,944,612	DB	04/19/2023	CAD		56,707,965	USD		55,944,612		763,353		–
		63,846,542	BAML	06/23/2023	CAD		64,764,077	USD		63,846,542		917,535		–
		72,587,483	DB	04/19/2023	CHF		73,290,102	USD		72,587,483		702,619		–
		45,163,098	BAML	06/23/2023	CHF		45,378,433	USD		45,163,098		215,335		–
		4,443,247	DB	04/19/2023	CLP		4,618,360	USD		4,443,247		175,113		–
		202,118,875	DB	04/19/2023	EUR		204,242,949	USD		202,118,875		2,124,074		–
		40,044,548	BAML	06/23/2023	EUR		40,694,386	USD		40,044,548		649,838		–
		119,283,236	DB	04/19/2023	GBP		121,668,505	USD		119,283,236		2,385,269		–
		15,917,190	DB	05/17/2023	GBP		15,904,357	USD		15,917,190		–		(12,833	)
		107,499,583	BAML	06/23/2023	GBP		109,551,853	USD		107,499,583		2,052,270		–
		4,469,368	DB	04/19/2023	ILS		4,490,208	USD		4,469,368		20,840		–
		16,436,105	DB	04/19/2023	INR		16,498,100	USD		16,436,105		61,995		–
		19,266,938	DB	04/19/2023	JPY		19,271,324	USD		19,266,938		4,386		–
		8,177,672	BAML	06/23/2023	JPY		8,190,562	USD		8,177,672		12,890		–
		7,595,800	DB	04/19/2023	KRW		7,600,516	USD		7,595,800		4,716		–
		60,058,385	DB	04/19/2023	MXN		61,612,714	USD		60,058,385		1,554,329		–
		65,052,074	BAML	06/23/2023	MXN		65,594,448	USD		65,052,074		542,374		–
		36,859,635	DB	04/19/2023	NOK		37,052,600	USD		36,859,635		192,965		–
		166,824	DB	05/19/2023	NOK		166,575	USD		166,824		–		(249	)
		102,284,576	DB	04/19/2023	NZD		102,703,598	USD		102,284,576		419,022		–
		19,623,765	BAML	06/23/2023	NZD		19,732,738	USD		19,623,765		108,973		–
		14,802,497	DB	04/19/2023	PLN		15,064,282	USD		14,802,497		261,785		–
		40,716,957	DB	04/19/2023	SEK		41,214,096	USD		40,716,957		497,139		–
		11,838,797	DB	04/19/2023	SGD		11,939,791	USD		11,838,797		100,994		–
		21,766,531	DB	04/19/2023	ZAR		22,306,190	USD		21,766,531		539,659		–
Total Purchase Contracts							1,355,046,406			1,339,327,335		15,805,942		(86,871	)
Sale Contracts:
	$	74,979,824	DB	04/19/2023	USD	$	75,545,985	AUD	$	74,979,824	$	–	$	(566,161	)
		44,507,963	BAML	06/23/2023	USD		44,682,132	AUD		44,507,963		–		(174,169	)
		21,120,407	DB	04/19/2023	USD		22,009,231	BRL		21,120,407		–		(888,824	)
		98,406,461	DB	04/19/2023	USD		99,738,517	CAD		98,406,461		–		(1,332,056	)
		161,271,346	BAML	06/23/2023	USD		163,008,291	CAD		161,271,346		–		(1,736,945	)
		76,579,658	DB	04/19/2023	USD		77,605,149	CHF		76,579,658		–		(1,025,491	)
		62,957,222	BAML	06/23/2023	USD		64,437,419	CHF		62,957,222		–		(1,480,197	)
		4,426,777	DB	04/19/2023	USD		4,447,636	CLP		4,426,777		–		(20,859	)
		154,190,997	DB	04/19/2023	USD		156,517,864	EUR		154,190,997		–		(2,326,867	)
		39,150,692	BAML	06/23/2023	USD		39,636,243	EUR		39,150,692		–		(485,551	)
		119,158,715	DB	04/19/2023	USD		121,668,506	GBP		119,158,715		–		(2,509,791	)
		105,468,151	BAML	06/23/2023	USD		108,244,532	GBP		105,468,151		–		(2,776,381	)
		2,346,183	DB	04/19/2023	USD		2,378,642	ILS		2,346,183		–		(32,459	)
		4,870,032	DB	04/19/2023	USD		4,888,312	INR		4,870,032		–		(18,280	)
		38,591,238	DB	04/19/2023	USD		38,882,596	JPY		38,591,238		–		(291,358	)
		8,256,790	BAML	06/23/2023	USD		8,190,562	JPY		8,256,790		66,228		–
		8,748,557	DB	04/19/2023	USD		8,796,388	KRW		8,748,557		–		(47,831	)
		31,030,525	DB	04/19/2023	USD		31,765,046	MXN		31,030,525		–		(734,521	)
		35,639,779	BAML	06/23/2023	USD		37,377,545	MXN		35,639,779		–		(1,737,766	)
		36,751,005	DB	04/19/2023	USD		37,052,600	NOK		36,751,005		–		(301,595	)
		68,165,284	DB	04/19/2023	USD		69,123,574	NZD		68,165,284		–		(958,290	)
		47,144,930	BAML	06/23/2023	USD		47,829,644	NZD		47,144,930		–		(684,714	)
		6,243,580	DB	04/19/2023	USD		6,358,933	PLN		6,243,580		–		(115,353	)
		31,294,424	DB	04/19/2023	USD		31,687,495	SEK		31,294,424		–		(393,071	)
		5,977,341	DB	04/19/2023	USD		6,045,083	SGD		5,977,341		–		(67,742	)
		11,727,974	DB	04/19/2023	USD		12,081,328	ZAR		11,727,974		–		(353,354	)
Total Sale Contracts							1,319,999,253			1,299,005,855		66,228		(21,059,626	)
Net Forward Currency Contracts						$	35,047,153		$	40,321,480	$	15,872,170	$	(21,146,497	)
Net Unrealized Depreciation													$	(5,274,327	)
Counterparty Abbreviations:
BAML	Bank of America Merrill Lynch
DB	Deutsche Bank
Currency Abbreviations:
AUD	AUSTRALIAN DOLLAR		INR	INDIAN RUPEE	SGD	SINGAPORE DOLLAR
BRL	BRAZILIAN REAL		JPY	JAPANESE YEN	USD	U.S. DOLLAR
CAD	CANADIAN DOLLAR		KRW	SOUTH KOREAN WON	ZAR	SOUTH AFRICAN RAND
CHF	SWISS FRANC		MXN	MEXICAN PESO
CLP	CHILEAN PESO		NOK	NORWEGIAN KRONE
EUR	EURO		NZD	NEW ZEALAND DOLLAR
GBP	BRITISH POUND		PLN	POLISH ZLOTY
ILS	ISRAELI NEW SHEQEL		SEK	SWEDISH KRONA

LoCorr Macro Strategies Fund
Consolidated Schedule of Open Futures Contracts
March 31, 2023(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		6		Jun-25	$	1,580,394	$	1,581,277	$	-	$	(883	)
	Aluminum - 90 Day Settlement (a)		2		Apr-23		118,863		115,317		3,546		-
	Aluminum - 90 Day Settlement (a)		1		Apr-23		59,613		66,175		-		(6,562	)
	Aluminum - 90 Day Settlement (a)		2		Apr-23		119,311		130,448		-		(11,137	)
	Aluminum - 90 Day Settlement (a)		1		May-23		59,775		62,595		-		(2,820	)
	Aluminum - 90 Day Settlement (a)		1		May-23		59,783		61,827		-		(2,044	)
	Aluminum - 90 Day Settlement (a)		2		Jun-23		120,149		121,237		-		(1,088	)
	Aluminum - 90 Day Settlement (a)		6		Jun-23		361,388		342,174		19,214		-
	Aluminum - 90 Day Settlement (a)		1		Jun-23		60,263		56,995		3,268		-
	Aluminum - 90 Day Settlement (a)		2		Jun-23		120,598		117,910		2,688		-
	Aluminum - 90 Day Settlement (a)		2		Jun-23		120,630		118,965		1,665		-
	Aluminum - 90 Day Settlement (a)		1		Jun-23		60,325		60,342		-		(17	)
	Aluminum (a)(b)		296		Jun-23		17,837,700		18,235,536		-		(397,836	)
	Australian 10 Yr Bond		217		Jun-23		17,825,105		17,775,179		49,926		-
	Australian 3 Yr Bond		12		Jun-23		872,853		870,736		2,117		-
	Australian Dollar		31		Jun-23		2,077,310		2,077,889		-		(579	)
	Brent Crude (a)		326		Apr-23		26,044,140		25,356,917		687,223		-
	Brent Crude (a)		93		May-23		7,414,890		7,145,875		269,015		-
	Brent Crude (a)		27		Jun-23		2,145,150		2,067,361		77,789		-
	Brent Crude (a)		16		Jul-23		1,265,760		1,212,138		53,622		-
	Brent Crude (a)		9		Aug-23		708,390		684,320		24,070		-
	Brent Crude (a)		5		Sep-23		391,550		374,526		17,024		-
	British Pound		424		Jun-23		32,740,750		32,755,134		-		(14,384	)
	CAC 40 10 Euro Index		674		Apr-23		53,608,321		51,085,106		2,523,215		-
	Canadian 10 Yr Bond		102		Jun-23		9,521,509		9,573,751		-		(52,242	)
	Canadian Dollar		7		Jun-23		517,930		517,660		270		-
	Cocoa (ICE) (a)		183		May-23		4,873,890		4,548,187		325,703		-
	Copper - 90 Day Settlement (a)		1		Apr-23		225,088		206,536		18,552		-
	Copper - 90 Day Settlement (a)		3		Apr-23		675,413		658,381		17,032		-
	Copper - 90 Day Settlement (a)		4		Apr-23		899,850		938,522		-		(38,672	)
	Copper - 90 Day Settlement (a)		2		Apr-23		450,040		460,534		-		(10,494	)
	Copper - 90 Day Settlement (a)		1		May-23		224,848		219,474		5,374		-
	Copper - 90 Day Settlement (a)		1		Jun-23		224,869		221,632		3,237		-
	Copper - 90 Day Settlement (a)		2		Jun-23		449,675		429,579		20,096		-
	Copper - 90 Day Settlement (a)		1		Jun-23		224,792		224,501		291		-
	Copper - 90 Day Settlement (a)		1		Jun-23		224,813		223,229		1,584		-
	Copper - 90 Day Settlement (a)		1		Jun-23		224,817		223,949		868		-
	Copper (a)(b)		48		Jun-23		10,791,000		10,721,679		69,321		-
	Copper (a)(b)		131		Jun-23		29,450,438		29,273,830		176,608		-
	Corn (a)		34		May-23		1,122,850		1,148,209		-		(25,359	)
	DAX Index		131		Jun-23		56,107,035		55,176,893		930,142		-
	Dollar		136		Jun-23		13,897,296		14,232,585		-		(335,289	)
	Euro		445		Jun-23		60,650,719		60,890,859		-		(240,140	)
	Euro-Bobl		68		Jun-23		8,693,215		8,674,865		18,350		-
	Euro-BTP		14		Jun-23		1,751,366		1,739,238		12,128		-
	Euro-Bund		10		Jun-23		1,473,191		1,471,149		2,042		-
	Euro-OAT		24		Jun-23		3,389,641		3,370,957		18,684		-
	Euro-Schatz		240		Jun-23		27,510,411		27,505,916		4,496		(1	)
	Euro-Stoxx 50 Index		526		Jun-23		24,306,850		23,887,471		419,379		-
	FTSE 100 Index		1157		Jun-23		109,028,954		108,088,337		940,617		-
	FTSE China A50 Index		200		Apr-23		2,661,200		2,634,969		26,231		-
	FTSE MIB Index		50		Jun-23		7,227,139		7,044,731		182,408		-
	FTSE/JSE Top 40 Index		53		Jun-23		2,120,417		2,073,065		47,352		-
	Gasoline RBOB (a)		168		Apr-23		18,917,136		17,980,903		936,233		-
	Gasoline RBOB (a)		52		May-23		5,739,552		5,560,453		179,099		-
	Gasoline RBOB (a)		20		Jun-23		2,161,740		2,080,683		81,057		-
	Gasoline RBOB (a)		11		Jul-23		1,163,639		1,122,428		41,211		-
	Gold (a)		136		Jun-23		27,012,320		27,193,109		-		(180,789	)
	Hang Seng Index		77		Apr-23		10,044,950		9,880,361		164,589		-
	Hard Red Wheat (a)		57		May-23		2,501,588		2,333,804		167,784		-
	Heating Oil (a)		91		Apr-23		10,015,933		9,895,478		120,455		-
	Heating Oil (a)		29		May-23		3,126,606		3,105,247		21,359		-
	Heating Oil (a)		4		Jun-23		429,072		421,910		7,162		-
	H-Shares Index		89		Apr-23		3,975,006		3,911,309		63,697		-
	IBEX 35 Index		39		Apr-23		3,888,327		3,755,930		132,397		-
	Japanese 10 Yr Bond		38		Jun-23		42,391,715		42,501,262		-		(109,547	)
	Japanese Yen		34		Jun-23		3,239,563		3,228,691		10,872		-
	KOSPI 200 Index		399		Jun-23		24,802,454		24,733,312		69,142		-
	Lead (a)(b)		19		Jun-23		1,001,181		1,010,853		-		(9,672	)
	Long Gilt		158		Jun-23		20,143,714		20,318,352		-		(174,638	)
	Low Sulphur Gasoil (a)		104		May-23		7,818,200		7,771,618		46,582		-
	Low Sulphur Gasoil (a)		79		Jun-23		5,844,025		5,770,339		73,686		-
	Low Sulphur Gasoil (a)		17		Jul-23		1,248,650		1,235,369		13,281		-
	Mexican Peso		63		Jun-23		1,722,105		1,671,676		50,429		-
	Nasdaq 100 E-Mini Index		73		Jun-23		19,420,555		18,905,713		514,842		-
	Natural Gas (a)		103		Apr-23		2,282,480		2,242,376		40,104		-
	Natural Gas (a)		14		May-23		345,100		342,465		2,635		-
	Natural Gas (a)		10		Jun-23		273,200		271,148		2,052		-
	Natural Gas (a)		4		Jul-23		111,320		111,137		183		-
	Natural Gas (a)		1		Aug-23		27,500		27,372		128		-
	New Zealand Dollar		32		Jun-23		2,000,320		2,001,101		-		(781	)
	Nickel (a)(b)		8		Jun-23		1,143,792		1,295,851		-		(152,059	)
	Nikkei 225 Index (OSE)		221		Jun-23		46,671,737		46,517,079		154,658		-
	Nikkei 225 Index (SGX)		123		Jun-23		12,990,153		12,922,612		67,541		-
	Platinum (a)		4		Jul-23		200,620		196,957		3,663		-
	S&P 500 E-Mini Index		143		Jun-23		29,584,913		29,341,547		243,366		-
	SET 50 Index		268		Jun-23		1,517,791		1,507,371		10,420		-
	Silver (a)		32		Jan-00		3,864,960		3,777,747		87,213		-
	Soybean (a)		360		May-23		27,099,000		27,371,206		-		(272,206	)
	Soybean Meal (a)		142		May-23		6,617,200		6,772,511		-		(155,311	)
	Soybean Oil (a)		17		May-23		565,998		565,058		940		-
	SPI 200 Index		120		Jun-23		14,420,454		14,065,967		354,487		-
	Sugar (a)		730		Apr-23		18,191,600		16,579,291		1,612,309		-
	Swiss Franc		5		Sep-24		1,479,464		1,480,995		-		(1,531	)
	Swiss Franc		23		Dec-24		6,816,528		6,835,144		-		(18,616	)
	Swiss Franc		10		Mar-25		2,966,175		2,973,492		-		(7,317	)
	Swiss Franc		31		Jun-23		4,274,319		4,277,801		-		(3,482	)
	Tokyo Price Index		280		Jun-23		42,250,424		41,977,124		273,300		-
	U.S. 10 Yr Note		937		Jun-23		107,681,800		107,567,599		114,201		-
	U.S. 2 Yr Note		56		Jun-23		11,561,375		11,550,834		10,541		-
	U.S. 5 Yr Note		282		Jun-23		30,881,203		30,945,407		-		(64,204	)
	U.S. Long Bond		98		Jun-23		12,853,313		12,764,961		88,352		-
	Wheat (a)		3		May-23		103,838		103,244		594		-
	WTI Crude (a)		50		Apr-23		3,783,500		3,742,104		41,396		-
	WTI Crude (a)		44		May-23		3,335,200		3,276,820		58,380		-
	WTI Crude (a)		19		Jun-23		1,438,870		1,410,134		28,736		-
	WTI Crude (a)		10		Jul-23		754,400		740,438		13,962		-
	WTI Crude (a)		6		Aug-23		450,000		440,081		9,919		-
	WTI Crude (a)		4		Sep-23		298,040		293,897		4,143		-
	Zinc - 90 Day Settlement (a)		1		May-23		73,327		79,190		-		(5,863	)
	Zinc - 90 Day Settlement (a)		1		May-23		73,315		79,573		-		(6,258	)
	Zinc - 90 Day Settlement (a)		1		May-23		73,195		74,869		-		(1,674	)
	Zinc - 90 Day Settlement (a)		1		Jun-23		73,181		76,773		-		(3,592	)
	Zinc - 90 Day Settlement (a)		1		Jun-23		73,166		74,506		-		(1,340	)
	Zinc (a)(b)		25		Jun-23		1,827,969		1,935,819		-		(107,850	)
	Zinc (a)(b)		119		Jun-23		8,701,131		9,195,816		-		(494,685	)
Total Purchase Contracts											12,918,310		(2,910,962	)
Sale Contracts:
	10 Yr Mini JGB		(12	)	Jun-23	$	1,335,974	$	1,341,850	$	5,876	$	-
	3 Mo Euro Euribor		(68	)	Mar-24		17,813,422		17,818,229		4,807		-
	3 Mo Euro Euribor		(960	)	Jun-24		251,887,038		250,832,421		-		(1,054,617	)
	3 Mo Euro Euribor		(68	)	Dec-23		17,783,923		17,790,398		6,475		-
	3 Mo Euro Euribor		(100	)	Sep-24		26,274,835		26,254,189		-		(20,646	)
	3 Mo Euro Euribor		(123	)	Dec-24		32,351,396		32,330,526		-		(20,870	)
	3 Mo Euro Euribor		(98	)	Mar-25		25,794,508		25,780,125		-		(14,383	)
	90 Day Euro		(132	)	Sep-25		31,937,400		31,899,840		-		(37,560	)
	Aluminum - 90 Day Settlement (a)		(2	)	Apr-23		118,863		113,533		-		(5,330	)
	Aluminum - 90 Day Settlement (a)		(1	)	Apr-23		59,613		66,143		6,530		-
	Aluminum - 90 Day Settlement (a)		(2	)	Apr-23		119,311		131,089		11,778		-
	Aluminum - 90 Day Settlement (a)		(1	)	May-23		59,775		61,866		2,091		-
	Aluminum - 90 Day Settlement (a)		(1	)	May-23		59,783		61,194		1,411		-
	Aluminum - 90 Day Settlement (a)		(2	)	Jun-23		120,149		120,454		305		-
	Aluminum - 90 Day Settlement (a)		(6	)	Jun-23		361,388		341,943		-		(19,445	)
	Aluminum - 90 Day Settlement (a)		(1	)	Jun-23		60,263		57,209		-		(3,054	)
	Aluminum - 90 Day Settlement (a)		(2	)	Jun-23		120,598		116,818		-		(3,780	)
	Aluminum - 90 Day Settlement (a)		(2	)	Jun-23		120,630		119,807		-		(823	)
	Aluminum - 90 Day Settlement (a)		(1	)	Jun-23		60,325		59,583		-		(742	)
	Aluminum (a)(b)		(508	)	Jun-23		30,613,350		30,411,047		-		(202,303	)
	Australian Dollar		(85	)	Jun-23		5,695,850		5,694,787		-		(1,063	)
	Bovespa Index		(780	)	Apr-23		15,716,805		15,893,188		176,383		-
	Brent Crude (a)		(142	)	Apr-23		11,344,380		10,892,803		-		(451,577	)
	Canadian 10 Yr Bond		(156	)	Jun-23		14,562,308		13,979,126		-		(583,182	)
	Canadian Dollar		(457	)	Jun-23		33,813,430		33,704,011		-		(109,419	)
	Carbon Emission		(32	)	Dec-23		3,190,352		3,068,986		-		(121,366	)
	CBOE Volatility Index (a)		(5	)	Jun-23		605,703		603,412		-		(2,291	)
	CBOE Volatility Index (a)		(144	)	Apr-23		2,990,045		3,025,088		35,043		-
	CBOE Volatility Index (a)		(101	)	May-23		2,234,979		2,254,666		19,687		-
	CBOE Volatility Index (a)		(24	)	Jun-23		550,997		556,356		5,359		-
	Cocoa (ICE) (a)		(91	)	May-23		10,990,980		9,373,751		-		(1,617,229	)
	Cocoa (NYBOT) (a)		(34	)	May-23		997,220		953,247		-		(43,973	)
	Coffee (a)		(108	)	May-23		6,905,250		7,080,795		175,545		-
	Copper - 90 Day Settlement (a)		(1	)	Apr-23		225,088		209,243		-		(15,845	)
	Copper - 90 Day Settlement (a)		(3	)	Apr-23		675,413		654,944		-		(20,469	)
	Copper - 90 Day Settlement (a)		(4	)	Apr-23		899,850		942,286		42,436		-
	Copper - 90 Day Settlement (a)		(2	)	Apr-23		450,040		454,081		4,041		-
	Copper - 90 Day Settlement (a)		(1	)	May-23		224,848		218,021		-		(6,827	)
	Copper - 90 Day Settlement (a)		(1	)	Jun-23		224,869		222,370		-		(2,499	)
	Copper - 90 Day Settlement (a)		(2	)	Jun-23		449,675		429,283		-		(20,392	)
	Copper - 90 Day Settlement (a)		(1	)	Jun-23		224,792		222,757		-		(2,035	)
	Copper - 90 Day Settlement (a)		(1	)	Jun-23		224,813		222,658		-		(2,155	)
	Copper - 90 Day Settlement (a)		(1	)	Jun-23		224,817		224,674		-		(143	)
	Copper (a)(b)		(158	)	Jun-23		35,520,375		34,952,964		-		(567,411	)
	Copper (a)		(29	)	May-23		2,968,513		2,960,534		-		(7,979	)
	Corn (a)		(43	)	May-23		1,420,075		1,396,066		-		(24,009	)
	Cotton No.2 (a)		(177	)	May-23		7,326,030		7,326,524		494		-
	Dow Jones Industrial Average Mini E-Cbot Index		(153	)	Jun-23		25,596,900		24,995,867		-		(601,033	)
	Euro-Bobl		(1,030	)	Jun-23		131,676,643		130,032,323		-		(1,644,320	)
	Euro-BTP		(91	)	Jun-23		11,383,883		11,303,975		-		(79,908	)
	Euro-Bund		(641	)	Jun-23		94,431,544		94,456,652		25,106		2
	Euro-Buxl 30 Yr Bond		(149	)	Jun-23		22,761,735		22,545,840		-		(215,895	)
	Euro-OAT		(145	)	Jun-23		20,479,079		20,361,764		-		(117,315	)
	Euro-Schatz		(1,047	)	Jun-23		120,014,169		120,209,918		195,749		-
	Hang Seng Index		(129	)	Apr-23		16,828,552		16,355,785		-		(472,767	)
	Hard Red Wheat (a)		(332	)	Jul-23		14,305,050		14,344,062		39,012		-
	Heating Oil (a)		(47	)	Apr-23		5,173,064		5,108,452		-		(64,612	)
	Japanese 10 Yr Bond		(110	)	Jun-23		122,712,860		120,543,770		-		(2,169,090	)
	Japanese Yen		(31	)	Jun-23		2,953,719		2,982,338		28,619		-
	Lead (a)(b)		(15	)	Jun-23		790,406		781,493		-		(8,913	)
	Lean Hogs (a)		(28	)	Jun-23		1,026,200		1,034,845		8,645		-
	Live Cattle (a)		(1	)	Jun-23		64,850		64,138		-		(712	)
	Long Gilt		(319	)	Jun-23		40,669,903		40,287,722		-		(382,181	)
	Low Sulphur Gasoil (a)		(7	)	May-23		526,225		525,942		-		(283	)
	MSCI EAFE Index		(32	)	Jun-23		3,354,400		3,250,027		-		(104,373	)
	MSCI Emerging Markets Index		(220	)	Jun-23		10,950,500		10,793,769		-		(156,731	)
	Nasdaq 100 E-Mini Index		(10	)	Jun-23		2,660,350		2,640,409		-		(19,941	)
	Natural Gas (a)		(224	)	Apr-23		4,963,840		5,205,745		241,905		-
	Nickel (a)(b)		(13	)	Jun-23		1,858,662		1,967,536		108,874		-
	Nikkei 225 Index (OSE)		(7	)	Jun-23		1,478,290		1,472,787		-		(5,503	)
	Russell 2000 Mini Index		(214	)	Jun-23		19,404,450		19,098,228		-		(306,222	)
	S&P 500 E-Mini Index		(14	)	Jun-23		2,896,425		2,791,151		-		(105,274	)
	S&P MidCap 400 E-Mini Index		(22	)	Jun-23		5,565,340		5,405,296		-		(160,044	)
	S&P/TSX 60 Index		(53	)	Jun-23		9,483,922		9,352,775		-		(131,147	)
	SGX Nifty 50 Index		(63	)	Apr-23		2,194,605		2,151,607		-		(42,998	)
	Soybean (a)		(58	)	May-23		4,365,950		4,268,647		-		(97,303	)
	Soybean Meal (a)		(11	)	May-23		512,600		505,435		-		(7,165	)
	Soybean Oil (a)		(224	)	May-23		7,457,856		7,952,269		494,413		-
	Swiss Franc		(305	)	Sep-24		90,247,289		90,330,379		83,090		-
	Swiss Franc		(7	)	Jun-24		2,066,500		2,065,677		-		(823	)
	Swiss Franc		(9	)	Mar-24		2,651,100		2,651,817		717		-
	Swiss Franc		(4	)	Jun-25		1,187,148		1,186,960		-		(188	)
	Swiss Franc		(3	)	Sep-25		890,870		890,760		-		(110	)
	Swiss Franc		(278	)	Sep-24		67,022,325		66,973,213		-		(49,112	)
	Tokyo Price Index		(27	)	Jun-23		4,074,148		3,979,824		-		(94,324	)
	U.S. 10 Yr Note		(251	)	Jun-23		28,845,391		28,378,717		-		(466,674	)
	U.S. 2 Yr Note		(969	)	Jun-23		200,053,082		199,926,838		-		(126,244	)
	U.S. 5 Yr Note		(719	)	Jun-23		78,736,118		76,931,359		-		(1,804,759	)
	U.S. Long Bond		(200	)	Jun-23		26,231,250		26,063,617		-		(167,633	)
	U.S. Ultra Bond		(226	)	Jun-23		31,894,250		31,815,107		-		(79,143	)
	Wheat (a)		(500	)	May-23		17,306,250		19,408,843		2,102,593		-
	WTI Crude (a)		(115	)	Apr-23		8,702,050		7,886,145		-		(815,905	)
	Zinc - 90 Day Settlement (a)		(1	)	May-23		73,327		78,260		4,933		-
	Zinc - 90 Day Settlement (a)		(1	)	May-23		73,315		77,608		4,293		-
	Zinc - 90 Day Settlement (a)		(1	)	May-23		73,195		74,523		1,328		-
	Zinc - 90 Day Settlement (a)		(1	)	Jun-23		73,181		76,734		3,553		-
	Zinc - 90 Day Settlement (a)		(1	)	Jun-23		73,166		73,767		601		-
	Zinc (a)(b)		(144	)	Jun-23		10,529,100		10,528,670		-		(430	)
Total Sale Contracts											3,841,692		(15,482,490	)
Total Futures Contracts										$	16,760,002	$	(18,393,452	)
Net Unrealized Depreciation												$	(1,633,450	)
(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
The accompanying notes are an integral part of these consolidated financial statements.

NOTES
Investment Valuation
Fair Value Measurement Summary
March 31, 2023 (Unaudited)
The LoCorr Macro Strategies Fund, LoCorr Long/Short Commodities Strategy Fund, LoCorr Market Trend Fund, LoCorr Dynamic Opportunity 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.
Certain investments such as commodity pools are measured based upon NAV as a practical expedient to determine fair value and are not required to be categorized in the fair value hierarchy.
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, 2023:

	Security Classification	Level 1			Level 2			Level 3		Total
	Investments
	Asset Backed Securities	$	-		$	104,609,056		$	-	$	104,609,056
	Corporate Bonds		-			196,195,926			-		196,195,926
	Mortgage Backed Securities		-			159,617,786			-		159,617,786
	Municipal Bonds		-			11,784,562			-		11,784,562
	U.S. Government Agency Issues		-			95,121,211			-		95,121,211
	U.S. Government Notes		-			285,980,784			-		285,980,784
	Short Term Investments		1,172,014,821			21,579,159			-		1,193,593,980
	Total Investments	$	1,172,014,821		$	874,888,484		$	-	$	2,046,903,305
	Other Financial Instruments*
	Forward Currency Contracts
	Purchase	$	-		$	15,719,071		$	-	$	15,719,071
	Sale		-			(20,993,398	)		-		(20,993,398	)
	Total Forward Currency Contracts		-			(5,274,327	)		-		(5,274,327	)
	Futures Contracts
	Long		10,007,348			-			-		10,007,348
	Short		(11,640,798	)		-			-		(11,640,798	)
	Total Futures Contracts		(1,633,450	)		-			-		(1,633,450	)
	Total Other Financial Instruments	$	(1,633,450	)	$	(5,274,327	)	$	-	$	(6,907,777	)
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 (depreciation) at March 31, 2023.
The LoCorr Macro Strategies Fund did not hold any Level 3 assets during the period.