LoCorr Investment Trust NPORT-P LoCorr Hedged Core Fund (Sep 2024 report)

LoCorr Hedged Core Fund

Consolidated Schedule of Investments

September 30, 2024 (Unaudited)

U.S. TREASURY SECURITIES - 27.2%	Par		Value
United States Treasury Note
0.25%, 10/31/2025	$	6,469,600	$	6,219,408
1.50%, 08/15/2026		4,023,000		3,865,695
3.50%, 01/31/2028		1,753,000		1,748,412
4.63%, 04/30/2029		2,916,400		3,043,537
TOTAL U.S. TREASURY SECURITIES (Cost $14,888,432)				14,877,052
CORPORATE BONDS - 10.4%	Par		Value
Aerospace & Defense - 0.4%
Boeing Co., 3.25%, 02/01/2028		110,000		104,174
L3Harris Technologies, Inc., 5.40%, 01/15/2027		60,000		61,568
RTX Corp., 4.13%, 11/16/2028		30,000		29,912
				195,654
Agriculture - 0.1%
Philip Morris International, Inc., 4.88%, 02/15/2028		55,000		56,192
Auto Manufacturers - 0.4%
Ford Motor Credit Co. LLC, 5.85%, 05/17/2027		100,000		101,808
Toyota Motor Credit Corp., 5.60%, 09/11/2025		65,000		65,830
Volkswagen Group of America Finance LLC, 1.25%, 11/24/2025 (a)		65,000		62,573
				230,211
Banks - 4.1%
Bank of America Corp.
4.38% to 04/27/2027 then SOFR + 1.58%, 04/27/2028		180,000		180,234
5.82% to 09/15/2028 then SOFR + 1.57%, 09/15/2029		260,000		273,471
Bank of America NA, 5.53%, 08/18/2026		250,000		256,670
Canadian Imperial Bank of Commerce, 3.45%, 04/07/2027		45,000		44,198
Citibank NA, 4.93%, 08/06/2026		100,000		101,470
Deutsche Bank AG/New York NY, 5.00% to 09/11/2029 then SOFR + 1.70%, 09/11/2030		30,000		30,149
Federation des Caisses Desjardins du Quebec, 5.70%, 03/14/2028 (a)		65,000		67,161
Goldman Sachs Group, Inc.
5.80% to 08/10/2025 then SOFR + 1.08%, 08/10/2026		195,000		196,710
6.48% to 10/24/2028 then SOFR + 1.77%, 10/24/2029		40,000		43,038
HSBC Holdings PLC, 6.16% to 03/09/2028 then SOFR + 1.97%, 03/09/2029		60,000		63,137
JPMorgan Chase & Co., 5.00% to 07/22/2029 then SOFR + 1.13%, 07/22/2030		230,000		236,558
Morgan Stanley, 5.04% to 07/19/2029 then SOFR + 1.22%, 07/19/2030		130,000		133,546
Morgan Stanley Bank NA, 4.95% to 01/14/2027 then SOFR + 1.08%, 01/14/2028		165,000		167,451
NatWest Markets PLC, 5.41%, 05/17/2029 (a)		60,000		62,368
Toronto-Dominion Bank
3.77%, 06/06/2025		40,000		39,779
1.25%, 09/10/2026		100,000		94,876
UBS Group AG, 6.33% to 12/22/2026 then 1 yr. CMT Rate + 1.60%, 12/22/2027 (a)		60,000		62,447
Wells Fargo & Co., 5.57% to 07/25/2028 then SOFR + 1.74%, 07/25/2029		155,000		161,189
				2,214,452
Beverages - 0.1%
PepsiCo, Inc., 5.13%, 11/10/2026		60,000		61,532
Biotechnology - 0.2%
Amgen, Inc., 5.15%, 03/02/2028		80,000		82,379
Building Materials - 0.1%
Trane Technologies Financing Ltd., 3.50%, 03/21/2026		30,000		29,653
Chemicals - 0.1%
Nutrien Ltd., 4.90%, 03/27/2028		30,000		30,580
Cosmetics & Personal Care - 0.3%
Haleon US Capital LLC, 3.38%, 03/24/2027		115,000		112,915
Unilever Capital Corp., 4.25%, 08/12/2027		75,000		75,730
				188,645
Diversified Financial Services - 0.4%
AerCap Ireland Capital/Global Aviation Trust, 6.10%, 01/15/2027		150,000		155,283
Air Lease Corp., 5.85%, 12/15/2027		65,000		67,754
				223,037
Electric - 0.7%
Duke Energy Progress LLC, 3.45%, 03/15/2029		45,000		43,791
Florida Power & Light Co.
5.05%, 04/01/2028		80,000		82,530
4.40%, 05/15/2028		95,000		96,092
Georgia Power Co., 5.00%, 02/23/2027		85,000		86,844
NSTAR Electric Co., 3.20%, 05/15/2027		60,000		58,635
Southern California Edison Co., 1.20%, 02/01/2026		20,000		19,171
				387,063
Electronics - 0.1%
Honeywell International, Inc., 4.88%, 09/01/2029		35,000		36,249
Entertainment - 0.1%
Warnermedia Holdings, Inc., 3.76%, 03/15/2027		45,000		43,501
Food - 0.1%
Sysco Corp., 3.25%, 07/15/2027		55,000		53,571
Healthcare-Products - 0.1%
Baxter International, Inc., 1.32%, 11/29/2024		75,000		74,496
Healthcare-Services - 0.1%
HCA, Inc., 3.13%, 03/15/2027		75,000		72,878
Insurance - 0.2%
Equitable Financial Life Global, 1.40%, 07/07/2025 (a)		45,000		43,884
Metropolitan Life Global Funding I, 5.05%, 01/06/2028 (a)		20,000		20,480
Principal Life Global Funding II, 0.88%, 01/12/2026 (a)		50,000		47,832
				112,196
Machinery-Diversified - 0.1%
John Deere Capital Corp., 4.95%, 07/14/2028		30,000		30,979
Media - 0.0%(b)
Charter Communications Operating LLC, 4.91%, 07/23/2025		15,000		14,975
Oil & Gas - 0.0%(b)
Marathon Oil Corp., 5.30%, 04/01/2029		20,000		20,730
Packaging & Containers - 0.1%
Amcor Group Finance PLC, 5.45%, 05/23/2029		30,000		31,065
Pharmaceuticals - 0.6%
AbbVie, Inc., 4.80%, 03/15/2029		35,000		36,000
Astrazeneca Finance LLC, 4.80%, 02/26/2027		30,000		30,575
CVS Health Corp.
2.88%, 06/01/2026		125,000		121,955
5.00%, 01/30/2029		20,000		20,409
Pfizer Investment Enterprises Pte Ltd., 4.45%, 05/19/2028		130,000		131,874
				340,813
Pipelines - 0.6%
Enbridge, Inc.
2.50%, 02/14/2025		40,000		39,630
6.00%, 11/15/2028		55,000		58,380
Energy Transfer LP, 6.05%, 12/01/2026		125,000		129,391
South Bow USA Infrastructure Holdings LLC, 4.91%, 09/01/2027 (a)		35,000		35,257
Williams Cos., Inc., 4.90%, 03/15/2029		40,000		40,614
				303,272
REITS - 0.5%
American Homes 4 Rent LP, 4.90%, 02/15/2029		30,000		30,397
Brixmor Operating Partnership LP
3.85%, 02/01/2025		40,000		39,772
4.13%, 06/15/2026		40,000		39,770
Essex Portfolio LP, 1.70%, 03/01/2028		30,000		27,470
Kite Realty Group LP, 4.00%, 10/01/2026		90,000		88,739
Prologis Targeted US Logistics Fund LP, 5.25%, 04/01/2029 (a)		70,000		72,056
				298,204
Retail - 0.2%
Home Depot, Inc., 4.88%, 06/25/2027		50,000		51,276
O'Reilly Automotive, Inc.
5.75%, 11/20/2026		70,000		72,162
4.20%, 04/01/2030		25,000		24,784
				148,222
Semiconductors - 0.1%
Texas Instruments, Inc., 4.60%, 02/08/2027		35,000		35,551
Software - 0.1%
Oracle Corp., 2.30%, 03/25/2028		50,000		46,934
Telecommunications - 0.5%
AT&T, Inc., 2.30%, 06/01/2027		75,000		71,601
T-Mobile USA, Inc.
4.80%, 07/15/2028		50,000		50,915
4.85%, 01/15/2029		95,000		96,950
Verizon Communications, Inc., 2.10%, 03/22/2028		80,000		74,609
				294,075
TOTAL CORPORATE BONDS (Cost $5,663,188)				5,657,109
COMMODITY POOL - 7.0%	Shares		Value
Galaxy Commodity-Polaris II Fund LLC (c)(d)		–		3,803,803
TOTAL COMMODITY POOL (Cost $3,982,000)				3,803,803
U.S. GOVERNMENT AGENCY ISSUES - 4.6%	Par		Value
Federal Farm Credit Banks Funding Corp
3.88%, 09/03/2026		400,000		400,884
3.50%, 06/23/2027		425,000		423,512
Federal Home Loan Banks
4.38%, 06/12/2026		500,000		505,182
3.63%, 09/04/2026		250,000		249,705
4.63%, 09/11/2026		250,000		254,374
4.13%, 09/10/2027		425,000		431,121
Federal National Mortgage Association, 1.88%, 09/24/2026		250,000		241,180
TOTAL U.S. GOVERNMENT AGENCY ISSUES (Cost $2,509,783)				2,505,958
ASSET-BACKED SECURITIES - 3.2%	Par		Value
Bank of America Auto Trust, Series 2024-1A, Class A3, 5.35%, 11/15/2028 (a)		250,000		255,290
Capital One Financial Corp., Series 2024-A1, Class A, 3.92%, 09/17/2029		250,000		249,860
CNH Equipment Trust, Series 2024-C, Class A3, 4.03%, 01/15/2030		250,000		249,427
Ford Credit Auto Owner Trust, Series 2024-C, Class A3, 4.07%, 07/15/2029		250,000		250,001
GM Financial Leasing Trust, Series 2024-3, Class A3, 4.21%, 10/20/2027		250,000		249,868
Toyota Lease Owner Trust, Series 2024-A, Class A3, 5.25%, 04/20/2027 (a)		250,000		253,522
World Omni Auto Receivables Trust, Series 2024-A, Class A3, 4.86%, 03/15/2029		250,000		253,015
TOTAL ASSET-BACKED SECURITIES (Cost $1,762,861)				1,760,983
TOTAL INVESTMENTS - 52.4% (Cost $28,806,264)				28,604,905
Money Market Deposit Account - 39.6% (e)(f)				21,557,544
Other Assets in Excess of Liabilities - 8.0%(g)				4,338,654
TOTAL NET ASSETS - 100.0%			$	54,501,103
Percentages are stated as a percent of net assets.

AG - Aktiengesellschaft

CMT - Constant Maturity Treasury Rate

PLC - Public Limited Company

REIT - Real Estate Investment Trust

SOFR - Secured Overnight Financing Rate

(a)	Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of September 30, 2024, the value of these securities total $982,870 or 1.8% of the Fund’s net assets.
(b)	Represents less than 0.05% of net assets.
(c)	Non-income producing security.
(d)	Investment valued using net asset value per share as practical expedient. See Note 2. Galaxy Commodity – Polaris II Fund, LLC’s (“Galaxy”) investment objective is to generate diversified investment returns that are uncorrelated with the equity and debt markets by committing its assets to the investment discretion of a select group of experienced sub-managers that pursue various alternative investment strategies. Specifically, Galaxy accesses the sub-managers through an affiliated platform called Galaxy Plus Fund, LLC (the “Platform”). The Platform identifies sub-managers that, in its judgment, are capable of generating attractive investment returns whose correlations to the U.S. equity and fixed-income markets is minimal. In implementing their strategies, the sub-managers selected by the Platform will have the discretion to invest and trade in a broad variety of securities and other financial instruments (including derivatives). Galaxy has no unfunded commitments or redemption lock-up period, as the investment offers daily redemptions. However, the managers of Galaxy may temporarily suspend redemptions in certain limited circumstances.
(e)	A portion of this deposit account is pledged as collateral for derivative contracts. As of the reporting date, the value of this collateral totals $10,200.
(f)	The U.S. Bank Money Market Deposit Account (the “MMDA”) is a short-term 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 is subject to change daily. The rate as of September 30, 2024 was 4.70%.
(g)	Includes assets pledged as collateral and due to broker for derivative contracts. As of the reporting date, the net value of these assets totals $4,457,100.

LoCorr Hedged Core Fund

Consolidated Schedule of Futures Contracts

September 30, 2024 (Unaudited)

Description	Contracts Purchased	Expiration Date		Notional Value		Value / Unrealized Appreciation (Depreciation)
3 Month Euribor	5	06/16/2025	$	1,364,029	$	1,877
3 Month Euribor	4	09/15/2025		1,092,614		1,390
3 Month Euribor	32	12/15/2025		8,744,030		17,290
3 Month Euribor	5	03/16/2026		1,365,977		1,515
3 Month Euribor	4	06/15/2026		1,092,336		876
3-Month Secured Overnight Financing Rate	6	09/16/2025		1,451,850		1,565
3-Month Secured Overnight Financing Rate	6	12/16/2025		1,454,025		(2,510)
3-Month Secured Overnight Financing Rate	63	03/17/2026		15,277,499		3,395
3-Month Secured Overnight Financing Rate	5	06/16/2026		1,212,813		(1,496)
Arabica Coffee	3	12/18/2024		304,031		35,374
Austrailian Government 10 Year Bonds	12	12/16/2024		965,644		(7,084)
Australian Dollar	9	12/16/2024		623,205		6,654
Brent Crude Oil	2	10/31/2024		143,400		(522)
British Pound	8	12/16/2024		668,700		2,831
CAC40 10 Euro Index	3	10/18/2024		255,452		(4,000)
Canadian 10 Year Government Bonds	15	12/18/2024		1,386,484		9,245
Canadian Dollar	8	12/17/2024		592,720		(2,761)
Copper	2	12/27/2024		227,650		6,696
Corn No. 2 Yellow	6	12/13/2024		127,425		46
Crude Oil	2	10/22/2024		136,340		(5,404)
Crude Soybean Oil	1	12/13/2024		25,986		(237)
Dow Jones Industrial Average Index	7	12/20/2024		1,492,505		15,286
Euro	2	12/16/2024		279,163		(1,567)
Euro BUXL 30 Year Bonds	1	12/06/2024		151,700		(624)
Euro STOXX 50 Quanto Index	33	12/20/2024		1,847,721		9,972
Euro-BOBL	13	12/06/2024		1,737,241		3,123
Euro-BTP Italian Government Bonds	7	12/06/2024		946,502		2,879
Euro-Bund	9	12/06/2024		1,351,678		5,274
Euro-Schatz	43	12/06/2024		5,129,987		8,183
FTSE 100 Index	9	12/20/2024		997,319		(11,800)
FTSE China A50 Index	5	10/30/2024		69,500		1,864
German Stock Index	5	12/20/2024		2,713,725		55,259
Gold	8	12/27/2024		2,127,520		55,454
Hang Seng Index	8	10/30/2024		1,094,850		63,671
ICE 3 Month SONIA Rate	4	09/16/2025		1,287,284		(823)
ICE 3 Month SONIA Rate	3	12/16/2025		967,218		(153)
ICE 3 Month SONIA Rate	4	03/17/2026		1,290,827		664
Japanese Yen	2	12/16/2024		175,763		(1,124)
London Cocoa	1	12/12/2024		70,070		(857)
London Metals - Aluminum	3	12/16/2024		195,985		13,565
London Metals - Copper	2	12/16/2024		491,018		27,155
London Metals - Zinc	2	12/16/2024		154,635		8,016
Long Gilt	3	12/27/2024		394,789		(2,787)
MSCI Emerging Markets Index	8	12/20/2024		469,080		(3,742)
MSCI Singapore Index	1	10/29/2024		26,719		103
Nasdaq 100 Index	2	12/20/2024		810,450		(2,254)
Natural Gas	2	10/29/2024		58,460		2,465
New Zealand Dollar	2	12/16/2024		127,090		370
Nikkei 225 Index	1	12/12/2024		131,640		(4,193)
Nikkei 225 Index	1	12/12/2024		264,046		6,609
Russell 2000 Index	6	12/20/2024		674,760		3,612
S&P 500 Index	11	12/20/2024		3,197,837		30,735
SGX FTSE Taiwan Index	3	10/30/2024		223,920		(6,435)
Silver	2	12/27/2024		314,580		1,036
Soybean Meal	4	12/13/2024		136,640		1,230
Sugar #11	5	02/28/2025		125,832		(809)
TOPIX Index	1	12/12/2024		184,206		6,714
U.S. Treasury 10 Year Notes	24	12/19/2024		2,742,750		(5,663)
U.S. Treasury 2 Year Notes	48	12/31/2024		9,995,624		7,001
U.S. Treasury 5 Year Note	35	12/31/2024		3,845,897		(2,878)
U.S. Treasury Long Bonds	6	12/19/2024		745,125		(3,391)
U.S. Treasury Ultra Bonds	2	12/19/2024		266,188		(409)
					$	345,471

Description	Contracts Sold	Expiration Date		Notional Value		Value / Unrealized Appreciation (Depreciation)
10 Year Japanese Government Bonds	(18)	12/12/2024	$	1,811,084	$	(4,197)
10 Year U.S. Ultra Treasury Notes	(1)	12/19/2024		118,297		116
3-Month Secured Overnight Financing Rate	(1)	06/15/2027		242,325		(1)
ASX SPI 200 Index	(1)	12/19/2024		143,558		(1,418)
Austrailian Government 3 Year Bonds	(6)	12/16/2024		444,588		606
Australian Dollar	(3)	12/16/2024		207,735		(3,841)
Brent Crude Oil	(3)	10/31/2024		215,100		1,237
British Pound	(2)	12/16/2024		167,175		(1,073)
CAC40 10 Euro Index	(7)	10/18/2024		596,054		(8,503)
Canadian Dollar	(3)	12/17/2024		222,270		(471)
Corn No. 2 Yellow	(19)	12/13/2024		403,513		(17,871)
Cotton No.2	(2)	12/06/2024		73,610		(4,405)
Crude Oil	(1)	10/22/2024		68,170		(772)
Crude Soybean Oil	(6)	12/13/2024		155,916		(3,657)
Euro	(1)	12/16/2024		139,581		529
Euro STOXX 50 Quanto Index	(1)	12/20/2024		55,992		278
Euro-BOBL	(1)	12/06/2024		133,634		(290)
Euro-Bund	(1)	12/06/2024		150,186		255
Euro-Schatz	(5)	12/06/2024		596,510		(865)
FTSE 100 Index	(4)	12/20/2024		443,253		477
Hard Red Winter Wheat	(4)	12/13/2024		116,750		(5,273)
Japanese Yen	(13)	12/16/2024		1,142,456		8,564
London Metals - Aluminum	(3)	12/16/2024		195,985		(15,851)
London Metals - Copper	(1)	12/16/2024		245,509		(11,831)
London Metals - Zinc	(1)	12/16/2024		77,317		(8,744)
Long Gilt	(2)	12/27/2024		263,192		1,201
Low Sulphur Gas Oil	(6)	11/12/2024		396,150		(5,332)
Natural Gas	(4)	10/29/2024		116,920		(12,858)
NY Harbor ULSD	(5)	10/31/2024		452,424		(6,183)
Reformulated Gasoline Blendstock	(3)	10/31/2024		243,823		3,031
SGX TSI Iron Ore	(1)	11/29/2024		10,981		61
Soybean Meal	(3)	12/13/2024		102,480		(8,918)
Soybeans	(9)	11/14/2024		475,650		(16,187)
Swiss Franc	(1)	12/16/2024		148,881		89
U.S. Treasury 10 Year Notes	(5)	12/19/2024		571,406		1,026
U.S. Treasury 5 Year Note	(4)	12/31/2024		439,531		640
Wheat	(5)	12/13/2024		146,000		(6,888)
					$	(127,319)
Total Unrealized Appreciation (Depreciation)					$	218,152

LoCorr Hedged Core Fund
Consolidated Schedule of Forward Currency Contracts
September 30, 2024 (Unaudited)
Counterparty	Settlement Date	Currency Purchased		Currency Sold		Unrealized Appreciation (Depreciation)
Bank of America	12/18/2024	AUD	472,000	USD	319,596	$	6,984
Bank of America	10/16/2024	CAD	280,000	USD	207,465		(355	)
Bank of America	12/18/2024	CAD	852,000	USD	629,355		1,928
Bank of America	12/18/2024	CHF	236,000	USD	281,402		(49	)
Bank of America	10/16/2024	EUR	250,000	USD	277,657		827
Bank of America	12/18/2024	EUR	634,000	USD	701,489		6,559
Bank of America	10/16/2024	GBP	440,000	USD	582,254		6,000
Bank of America	12/18/2024	GBP	1,663,000	USD	2,167,833		55,103
Bank of America	10/16/2024	JPY	92,000,000	USD	645,697		(4,052	)
Bank of America	12/18/2024	JPY	2,561,000	USD	18,197		(180	)
Bank of America	10/16/2024	MXN	6,510,000	USD	330,597		(831	)
Bank of America	12/18/2024	MXN	78,000	USD	4,014		(102	)
Bank of America	12/18/2024	NZD	694,000	USD	433,299		7,657
Bank of America	12/18/2024	USD	632,594	AUD	951,000		(25,409	)
Bank of America	10/16/2024	USD	1,134,443	CAD	1,540,000		(4,663	)
Bank of America	12/18/2024	USD	1,193,449	CAD	1,620,000		(6,877	)
Bank of America	12/18/2024	USD	13,059	CHF	11,000		(55	)
Bank of America	10/16/2024	USD	736,555	EUR	660,000		1,359
Bank of America	12/18/2024	USD	512,277	EUR	459,000		(332	)
Bank of America	10/16/2024	USD	1,388,842	GBP	1,050,000		(14,945	)
Bank of America	12/18/2024	USD	219,717	GBP	165,000		(839	)
Bank of America	10/16/2024	USD	1,447,245	JPY	206,000,000		10,520
Bank of America	12/18/2024	USD	803,118	JPY	113,066,000		7,694
Bank of America	10/16/2024	USD	24,328	MXN	480,000		13
Bank of America	12/18/2024	USD	520,111	MXN	10,503,000		(6,716	)
Bank of America	12/18/2024	USD	278,707	NZD	456,000		(11,028	)
Deutsche Bank	10/16/2024	AUD	390,000	USD	266,702		2,998
Deutsche Bank	10/16/2024	BRL	2,970,000	USD	537,613		6,491
Deutsche Bank	10/16/2024	CHF	750,000	USD	885,692		2,208
Deutsche Bank	10/16/2024	CLP	38,000,000	USD	40,879		1,370
Deutsche Bank	10/16/2024	ILS	480,000	USD	129,051		(248	)
Deutsche Bank	10/16/2024	INR	15,950,000	USD	189,967		221
Deutsche Bank	10/16/2024	KRW	90,000,000	USD	67,662		1,234
Deutsche Bank	10/16/2024	NOK	1,990,000	USD	187,120		1,487
Deutsche Bank	10/16/2024	NZD	220,000	USD	136,432		3,339
Deutsche Bank	10/16/2024	PLN	240,000	USD	61,916		415
Deutsche Bank	10/16/2024	SEK	2,430,000	USD	237,904		1,563
Deutsche Bank	10/16/2024	SGD	220,000	USD	170,209		1,109
Deutsche Bank	10/16/2024	USD	1,171,678	AUD	1,740,000		(31,599	)
Deutsche Bank	10/16/2024	USD	153,663	BRL	870,000		(5,721	)
Deutsche Bank	10/16/2024	USD	1,766,556	CHF	1,490,000		2,594
Deutsche Bank	10/16/2024	USD	35,546	CLP	33,000,000		(1,144	)
Deutsche Bank	10/16/2024	USD	98,460	ILS	370,000		(826	)
Deutsche Bank	10/16/2024	USD	12,670	INR	1,060,000		31
Deutsche Bank	10/16/2024	USD	91,916	KRW	123,000,000		(2,242	)
Deutsche Bank	10/16/2024	USD	513,437	NOK	5,490,000		(6,891	)
Deutsche Bank	10/16/2024	USD	686,335	NZD	1,100,000		(12,520	)
Deutsche Bank	10/16/2024	USD	114,240	PLN	440,000		(36	)
Deutsche Bank	10/16/2024	USD	238,915	SEK	2,430,000		(552	)
Deutsche Bank	11/20/2024	USD	46,455	SEK	470,000		60
Deutsche Bank	10/16/2024	USD	170,532	SGD	220,000		(786	)
Deutsche Bank	11/20/2024	USD	31,276	SGD	40,000		71
Deutsche Bank	10/16/2024	USD	97,575	ZAR	1,710,000		(1,258	)
Deutsche Bank	11/20/2024	USD	21,386	ZAR	370,000		65
Deutsche Bank	10/16/2024	ZAR	1,710,000	USD	97,375		1,458
Total Unrealized Appreciation (Depreciation)						$	(8,898	)
AUD - Australian Dollar
BRL - Brazilian Real
CAD - Canadian Dollar
CHF - Swiss Franc
CLP - Chilean Peso
EUR - Euro
GBP - British Pound
ILS - Israeli Shekel
INR - Indian Rupee
JPY - Japanese Yen
KRW - South Korean Won
MXN - Mexican Peso
NOK - Norwegian Krone
NZD - New Zealand Dollar
PLN - Polish Zloty
SEK - Swedish Krona
SGD - Singapore Dollar
USD - United States Dollar
ZAR - South African Rand

LoCorr Hedged Core Fund

Consolidated Schedule of Swap Contracts

September 30, 2024

(Unaudited)

LONG TOTAL RETURN SWAP CONTRACTS

Termination Date

Reference Index

Financing Rate

Payment Frequency

Notional Amount

Value

Advance Receipt on Swap Contracts (Received)/Paid

Unrealized (Depreciation)

Counterparty

7/20/2029

LoCorr Hedged Core Index#

0.50

%

Quarterly

$

9,028,071

$

(179,379

)

$

–

$

(179,379

)

Deutsche Bank AG

#

Comprised of a proprietary basket of Commodity Trading Advisor's ''CTA'') Programs investing in various futures contracts, forward currency contracts, foreign currency and other similar investments.

The underlying components of the basket as of September 30, 2024 are shown below:#

			Number of Contracts			Concentration %
	Description	Expiration Date	Purchased (Sold)		Notional Amount	of Exposure
Futures Contracts:
Purchase Contracts:(1)
	Brent Crude (ICE)	Nov-24	30	$	2,141,573	5.80%
	Natural Gas	Jan-25	54		1,886,299	5.11%
	Gasoline RBOB	Oct-24	17		1,378,263	3.74%
	Natural Gas	Oct-24	41		1,197,288	3.24%
	Low Sulphur Gasoil	Oct-24	14		946,178	2.56%
	Gold	Dec-24	3		861,911	2.34%
	Soybean	Nov-24	15		775,767	2.10%
	Heating Oil	Oct-24	8		763,602	2.07%
	Brent Crude (ICE)	Dec-24	10		745,877	2.02%
	Endex Dutch TTF Gas Future	Dec-24	21		704,113	1.91%
	Corn	Mar-25	27		588,732	1.60%
	WTI Crude (NYMEX)	Nov-24	8		579,477	1.57%
	Endex Dutch TTF Gas Future	Jan-25	19		562,154	1.52%
	Copper (COMEX)	Mar-25	5		548,257	1.49%
	Endex Dutch TTF Gas Future	Nov-24	13		426,442	1.16%
	Natural Gas (NYMEX)	Oct-24	51		374,344	1.01%
	Endex Dutch TTF Gas Future	Feb-25	11		366,475	0.99%
	Coffee	Mar-25	3		281,586	0.76%
	Brent Crude (ICE)	Jan-25	4		275,063	0.75%
	Live Cattle	Oct-24	3		254,116	0.69%
	Sugar No.11	Feb-25	10		245,033	0.66%
	WTI Crude (NYMEX)	Dec-24	4		241,157	0.65%
	Copper (LME)	Dec-24	1		226,752	0.61%
	Crude Palm Oil	Dec-24	9		215,909	0.59%
	Cotton No.2	Mar-25	5		203,958	0.55%
	Corn	May-25	7		150,477	0.41%
	Soybean Meal	Dec-24	4		143,687	0.39%
	Hard Red Wheat	Dec-24	4		128,109	0.35%
	Natural Gas	Feb-25	4		130,047	0.35%
Total Purchase Contracts					17,342,646	46.99%
Sale Contracts:(1)
	Natural Gas	Dec-24	(99)	$	3,562,883	9.65%
	Brent Crude (ICE)	Oct-24	(45)		3,219,787	8.72%
	Endex Dutch TTF Gas Future	Oct-24	(63)		1,961,632	5.32%
	Gasoline RBOB	Nov-24	(16)		1,267,061	3.43%
	Corn	Dec-24	(45)		941,900	2.55%
	Low Sulphur Gasoil	Nov-24	(13)		850,908	2.31%
	Soybean	Jan-25	(15)		806,452	2.19%
	WTI Crude (NYMEX)	Oct-24	(11)		760,324	2.06%
	Heating Oil	Nov-24	(8)		704,963	1.91%
	Live Cattle	Dec-24	(7)		516,847	1.40%
	Natural Gas	Nov-24	(11)		352,577	0.96%
	Copper (COMEX)	Dec-24	(3)		344,450	0.93%
	Milling Wheat	Dec-24	(23)		288,521	0.78%
	Lean Hogs	Dec-24	(9)		277,139	0.75%
	Cotton No.2	Dec-24	(7)		253,271	0.69%
	Hard Red Wheat	Mar-25	(7)		219,414	0.59%
	Sugar No.11	Apr-25	(8)		195,931	0.53%
	Soybean	Mar-25	(3)		161,575	0.44%
	Wheat	Dec-24	(5)		147,686	0.40%
	Rapeseed	Oct-24	(5)		143,230	0.39%
Total Sale Contracts					16,976,551	46.00%
Other Futures Contracts					2,120,625	5.75%
Total Futures Contracts					36,439,822	98.74%
Cash and Foreign Currency:
Cash and Foreign Currency Purchased:(1)
	U.S. Dollar			$	270,187	0.73%
Other Cash and Foreign Currency					87,273	0.24%
Total Cash and Foreign Currency					357,460	0.97%
Forward Currency Contracts					108,368	0.29%
Total Underlying Positions				$	36,905,650	100.00%

#	The investment is not a direct holding of LoCorr Hedged Core Fund. The top 50 holdings and other futures contracts, other forward currency contracts, and other cash and foreign currency were determined based on the absolute notional amount of the positions within the underlying swap basket.
(1)	Represents the 50 largest components of the basket.
	The accompanying notes are an integral part of these consolidated financial statements.

Summary of Fair Value Disclosure as of September 30, 2024 (Unaudited)

LoCorr Hedged Core Fund has adopted authoritative fair value accounting standards which establish an authoritative 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, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has 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 Fund’s 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.

The following is a summary of the fair valuation hierarchy of the Fund’s securities as of September 30, 2024:

	Level 1			Level 2			Level 3		Total
Assets:
Investments:
U.S. Treasury Securities	$	–		$	14,877,052		$	–	$	14,877,052
Corporate Bonds		–			5,657,109			–		5,657,109
Commodity Pool(a)		–			–			–		3,803,803
U.S. Government Agency Issues		–			2,505,958			–		2,505,958
Asset-Backed Securities		–			1,760,983			–		1,760,983
Total Investments	$	–		$	24,801,102		$	–	$	28,604,905
Other Financial Instruments*:
Futures Contracts		437,101			–			–		437,101
Forwards		–			131,357			–		131,357
Total Other Financial Instruments	$	437,101		$	131,357		$	–	$	568,458
Liabilities:
Other Financial Instruments*:
Futures Contracts		(218,949	)		–			–		(218,949	)
Total Return Swaps		–			(179,379	)		–		(179,379	)
Forwards		–			(140,255	)		–		(140,255	)
Total Other Financial Instruments	$	(218,949	)	$	(319,634	)	$	–	$	(538,583	)
* The fair value of the Fund's investment represents the net unrealized appreciation (depreciation) as of September 30, 2024.
Refer to the Schedule of Investments for further disaggregation of investment categories.
(a) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amount of $3,803,803 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.