LoCorr Investment Trust NPORT-P LoCorr Long/Short Commodities Strategy Fund (Sep 2024 report)

LoCorr Long/Short Commodities Strategy Fund

Consolidated Schedule of Investments

September 30, 2024 (Unaudited)

U.S. TREASURY SECURITIES - 29.5%	Par			Value
United States Treasury Note
0.25%, 05/31/2025		$	885,000		$	862,142
0.25%, 10/31/2025			2,400,000			2,307,188
0.75%, 05/31/2026			13,590,000			12,943,413
4.50%, 07/15/2026			11,085,000			11,236,986
1.50%, 08/15/2026			27,345,000			26,275,768
4.13%, 02/15/2027			11,930,000			12,064,678
4.50%, 04/15/2027			25,315,000			25,858,877
3.88%, 11/30/2027			10,320,000			10,406,672
3.50%, 01/31/2028			12,855,000			12,821,356
3.63%, 03/31/2028			14,185,000			14,207,164
1.38%, 10/31/2028			20,990,000			19,232,907
3.75%, 12/31/2028			18,345,000			18,458,940
4.25%, 02/28/2029			31,920,000			32,790,319
4.63%, 04/30/2029			17,385,000			18,142,877
TOTAL U.S. TREASURY SECURITIES (Cost $213,686,765)						217,609,287
COMMODITY POOL - 16.0%	Shares			Value
Galaxy Commodity - Polaris Fund LLC (a)(b)			–			118,062,679
TOTAL COMMODITY POOL (Cost $172,609,330)						118,062,679
CORPORATE BONDS - 15.1%	Par			Value
Aerospace & Defense - 0.5%
Boeing Co., 3.25%, 02/01/2028			2,100,000			1,988,767
L3Harris Technologies, Inc., 5.40%, 01/15/2027			1,195,000			1,226,232
RTX Corp., 4.13%, 11/16/2028			535,000			533,439
						3,748,438
Agriculture - 0.1%
Philip Morris International, Inc., 4.88%, 02/15/2028			1,050,000			1,072,758
Auto Manufacturers - 0.8%
Ford Motor Credit Co. LLC, 5.85%, 05/17/2027			1,905,000			1,939,435
General Motors Financial Co., Inc., 4.90%, 10/06/2029			1,785,000			1,786,623
Toyota Motor Credit Corp.
5.60%, 09/11/2025			550,000			557,024
4.55%, 08/07/2026			410,000			414,295
Volkswagen Group of America Finance LLC, 1.25%, 11/24/2025 (c)			1,200,000			1,155,191
						5,852,568
Banks - 5.9%
Banco Santander SA, 3.50%, 03/24/2025			1,105,000			1,098,198
Bank of America Corp.
4.38% to 04/27/2027 then SOFR + 1.58%, 04/27/2028			3,300,000			3,304,281
5.82% to 09/15/2028 then SOFR + 1.57%, 09/15/2029			4,660,000			4,901,461
Bank of America NA, 5.53%, 08/18/2026			4,340,000			4,455,798
Canadian Imperial Bank of Commerce, 3.45%, 04/07/2027			810,000			795,563
Citibank NA, 4.93%, 08/06/2026			1,890,000			1,917,791
Credit Suisse AG, 5.00%, 07/09/2027			700,000			715,114
Deutsche Bank AG/New York NY, 5.00% to 09/11/2029 then SOFR + 1.70%, 09/11/2030			480,000			482,381
Federation des Caisses Desjardins du Quebec, 5.70%, 03/14/2028 (c)			1,290,000			1,332,880
Goldman Sachs Group, Inc.
5.80% to 08/10/2025 then SOFR + 1.08%, 08/10/2026			3,485,000			3,515,564
6.48% to 10/24/2028 then SOFR + 1.77%, 10/24/2029			690,000			742,401
HSBC Holdings PLC, 6.16% to 03/09/2028 then SOFR + 1.97%, 03/09/2029			1,125,000			1,183,813
ING Groep NV, 3.87% to 03/28/2025 then SOFR + 1.64%, 03/28/2026			1,095,000			1,089,593
JPMorgan Chase & Co., 5.00% to 07/22/2029 then SOFR + 1.13%, 07/22/2030			4,080,000			4,196,348
Morgan Stanley, 5.04% to 07/19/2029 then SOFR + 1.22%, 07/19/2030			2,350,000			2,414,100
Morgan Stanley Bank NA, 4.95% to 01/14/2027 then SOFR + 1.08%, 01/14/2028			3,105,000			3,151,116
NatWest Markets PLC, 5.41%, 05/17/2029 (c)			1,150,000			1,195,374
Toronto-Dominion Bank
3.77%, 06/06/2025			745,000			740,889
1.25%, 09/10/2026			1,810,000			1,717,247
UBS Group AG
4.49% to 05/12/2025 then 1 yr. CMT Rate + 1.55%, 05/12/2026 (c)			450,000			448,670
6.33% to 12/22/2026 then 1 yr. CMT Rate + 1.60%, 12/22/2027 (c)			1,210,000			1,259,338
Wells Fargo & Co., 5.57% to 07/25/2028 then SOFR + 1.74%, 07/25/2029			2,895,000			3,010,588
						43,668,508
Beverages - 0.2%
PepsiCo, Inc., 5.13%, 11/10/2026			1,130,000			1,158,845
Biotechnology - 0.2%
Amgen, Inc., 5.15%, 03/02/2028			1,430,000			1,472,519
Building Materials - 0.1%
Trane Technologies Financing Ltd., 3.50%, 03/21/2026			595,000			588,127
Chemicals - 0.1%
Nutrien Ltd., 4.90%, 03/27/2028			560,000			570,832
Cosmetics & Personal Care - 0.5%
Haleon US Capital LLC, 3.38%, 03/24/2027			2,220,000			2,179,743
Unilever Capital Corp., 4.25%, 08/12/2027			1,325,000			1,337,897
						3,517,640
Diversified Financial Services - 0.6%
AerCap Ireland Capital/Global Aviation Trust, 6.10%, 01/15/2027			2,420,000			2,505,234
Air Lease Corp., 5.85%, 12/15/2027			1,335,000			1,391,555
Latam Airlines Group SA, 1.58%, 11/16/2024			575			572
Private Export Funding Corp., 3.25%, 06/15/2025			510,000			506,299
						4,403,660
Electric - 1.2%
Duke Energy Progress LLC, 3.45%, 03/15/2029			765,000			744,440
Florida Power & Light Co.
5.05%, 04/01/2028			1,375,000			1,418,478
4.40%, 05/15/2028			1,750,000			1,770,110
Georgia Power Co., 5.00%, 02/23/2027			1,480,000			1,512,104
NSTAR Electric Co., 3.20%, 05/15/2027			1,085,000			1,060,312
Southern California Edison Co., 1.20%, 02/01/2026			335,000			321,122
Virginia Power Fuel Securitization LLC, 5.09%, 05/01/2027			1,780,000			1,804,104
						8,630,670
Electronics - 0.3%
Honeywell International, Inc.
4.65%, 07/30/2027			1,385,000			1,412,584
4.88%, 09/01/2029			560,000			579,988
						1,992,572
Entertainment - 0.1%
Warnermedia Holdings, Inc., 3.76%, 03/15/2027			950,000			918,359
Food - 0.1%
Sysco Corp., 3.25%, 07/15/2027			935,000			910,699
Healthcare-Products - 0.2%
Baxter International, Inc., 1.32%, 11/29/2024			1,285,000			1,276,363
Healthcare-Services - 0.2%
HCA, Inc., 3.13%, 03/15/2027			1,345,000			1,306,947
Insurance - 0.2%
Equitable Financial Life Global, 1.40%, 07/07/2025 (c)			765,000			746,036
Metropolitan Life Global Funding I, 5.05%, 01/06/2028 (c)			375,000			384,003
Principal Life Global Funding II, 0.88%, 01/12/2026 (c)			780,000			746,176
						1,876,215
Machinery-Diversified - 0.1%
John Deere Capital Corp., 4.95%, 07/14/2028			570,000			588,610
Media - 0.1%
Charter Communications Operating LLC, 4.91%, 07/23/2025			399,000			398,340
Oil & Gas - 0.0%(d)
Marathon Oil Corp., 5.30%, 04/01/2029			355,000			367,963
Packaging & Containers - 0.1%
Amcor Group Finance PLC, 5.45%, 05/23/2029			510,000			528,111
Pharmaceuticals - 0.8%
AbbVie, Inc., 4.80%, 03/15/2029			560,000			576,005
Astrazeneca Finance LLC, 4.80%, 02/26/2027			460,000			468,811
CVS Health Corp.
2.88%, 06/01/2026			2,240,000			2,185,440
5.00%, 01/30/2029			385,000			392,882
Pfizer Investment Enterprises Pte Ltd., 4.45%, 05/19/2028			2,260,000			2,292,570
						5,915,708
Pipelines - 0.7%
Enbridge, Inc.
2.50%, 02/14/2025			745,000			738,101
6.00%, 11/15/2028			975,000			1,034,917
Energy Transfer LP, 6.05%, 12/01/2026			2,200,000			2,277,282
South Bow USA Infrastructure Holdings LLC, 4.91%, 09/01/2027 (c)			585,000			589,293
Williams Cos., Inc., 4.90%, 03/15/2029			715,000			725,976
						5,365,569
REITS - 0.7%
American Homes 4 Rent LP, 4.90%, 02/15/2029			515,000			521,819
Brixmor Operating Partnership LP
3.85%, 02/01/2025			750,000			745,725
4.13%, 06/15/2026			640,000			636,318
Essex Portfolio LP, 1.70%, 03/01/2028			525,000			480,717
Kite Realty Group LP, 4.00%, 10/01/2026			1,610,000			1,587,446
Prologis Targeted US Logistics Fund LP, 5.25%, 04/01/2029 (c)			1,275,000			1,312,454
						5,284,479
Retail - 0.4%
Home Depot, Inc., 4.88%, 06/25/2027			940,000			963,986
O'Reilly Automotive, Inc.
5.75%, 11/20/2026			1,330,000			1,371,071
4.20%, 04/01/2030			480,000			475,847
						2,810,904
Semiconductors - 0.1%
Texas Instruments, Inc., 4.60%, 02/08/2027			685,000			695,793
Software - 0.1%
Oracle Corp., 2.30%, 03/25/2028			855,000			802,596
Telecommunications - 0.7%
AT&T, Inc., 2.30%, 06/01/2027			1,430,000			1,365,195
T-Mobile USA, Inc.
4.80%, 07/15/2028			895,000			911,374
4.85%, 01/15/2029			1,735,000			1,770,632
Verizon Communications, Inc., 2.10%, 03/22/2028			1,480,000			1,380,258
						5,427,459
TOTAL CORPORATE BONDS (Cost $108,877,257)						111,151,252
MORTGAGE-BACKED SECURITIES - 8.8%	Par			Value
Alen Mortgage Trust, Series 2021-ACEN, Class A, 6.36% (1 mo. Term SOFR + 1.26%), 04/15/2034 (c)			1,250,000			1,131,250
ARES Commercial Mortgage Trust, Series 2024-IND, Class A, 6.79% (1 mo. Term SOFR + 1.69%), 07/15/2041 (c)			500,000			500,625
Banc of America-Remic Trust, Series 2022-DKLX, Class A, 6.25% (1 mo. Term SOFR + 1.15%), 01/15/2039 (c)			3,750,000			3,725,391
BX Trust
Series 2021-CIP, Class A, 6.13% (1 mo. Term SOFR + 1.04%), 12/15/2038 (c)			2,927,443			2,903,657
Series 2021-XL2, Class B, 6.21% (1 mo. Term SOFR + 1.11%), 10/15/2038 (c)			2,450,000			2,425,500
Citigroup Commercial Mortgage Trust, Series 2021-PRM2, Class A, 6.16% (1 mo. Term SOFR + 1.06%), 10/15/2038 (c)			1,050,000			1,044,750
Commercial Mortgage Pass Through Certificates
Series 2015-3BP, Class A, 3.18%, 02/10/2035 (c)			1,030,000			968,329
Series 2015-CR27, Class AM, 3.98%, 10/10/2048			1,000,000			979,455
Credit Suisse Mortgage Capital Certificates, Series 2017-CALI, Class A, 3.43%, 11/10/2032 (c)			1,750,000			1,382,502
ELP Commercial Mortgage Trust, Series 2021-ELP, Class B, 6.33% (1 mo. Term SOFR + 1.23%), 11/15/2038 (c)			2,646,919			2,635,270
Fannie Mae Connecticut Avenue Securities
Series 2018-C05, Class 1M2, 7.74% (30 day avg SOFR US + 2.46%), 01/25/2031			1,014,951			1,042,721
Series 2022-R03, Class 1M2, 8.78% (30 day avg SOFR US + 3.50%), 03/25/2042 (c)			2,137,057			2,246,225
Series 2022-R04, Class 1M2, 8.38% (30 day avg SOFR US + 3.10%), 03/25/2042 (c)			2,140,000			2,229,405
Series 2022-R05, Class 2M2, 8.28% (30 day avg SOFR US + 3.00%), 04/25/2042 (c)			130,000			134,225
Series 2022-R06, Class 1M2, 9.13% (30 day avg SOFR US + 3.85%), 05/25/2042 (c)			915,000			972,104
Series 2022-R07, Class 1M2, 9.91% (30 day avg SOFR US + 4.65%), 06/25/2042 (c)			1,870,000			2,021,404
Series 2022-R08, Class 1M2, 8.88% (30 day avg SOFR US + 3.60%), 07/25/2042 (c)			2,140,000			2,260,038
Series 2023-R01, Class 1M2, 9.01% (30 day avg SOFR US + 3.75%), 12/25/2042 (c)			2,830,000			3,033,572
Series 2023-R02, Class 1M2, 8.63% (30 day avg SOFR US + 3.35%), 01/25/2043 (c)			2,000,000			2,107,681
Series 2023-R04, Class 1M2, 8.81% (30 day avg SOFR US + 3.55%), 05/25/2043 (c)			2,000,000			2,137,112
Freddie Mac Multifamily Structured Pass Through Certificates
Series K050, Class A1, 2.80%, 01/25/2025			216,656			215,391
Series K052, Class A1, 2.60%, 01/25/2025			24,912			24,781
Series K059, Class A1, 2.76%, 09/25/2025			452,834			447,132
Freddie Mac Structured Agency Credit Risk Debt Notes
Series 2022-DNA3, Class M1B, 8.18% (30 day avg SOFR US + 2.90%), 04/25/2042 (c)			2,626,000			2,716,084
Series 2022-DNA5, Class M1B, 9.78% (30 day avg SOFR US + 4.50%), 06/25/2042 (c)			1,485,000			1,592,337
Series 2022-DNA6, Class M1B, 8.98% (30 day avg SOFR US + 3.70%), 09/25/2042 (c)			1,830,000			1,932,937
Series 2023-DNA1, Class M1B, 8.36% (30 day avg SOFR US + 3.10%), 03/25/2043 (c)			760,000			795,516
Series 2023-DNA2, Class M1B, 8.51% (30 day avg SOFR US + 3.25%), 04/25/2043 (c)			2,195,000			2,304,783
FRESB Multifamily Structured Pass Through Certificates
Series 2016-SB23, Class A10F, 2.31%, 09/25/2026 (e)			496,478			482,207
Series 2019-SB69, Class A5F, 2.25%, 10/25/2024 (e)			32,172			32,049
GCT Commercial Mortgage Trust, Series 2021-GCT, Class A, 6.01% (1 mo. Term SOFR + 0.91%), 02/15/2038 (c)			1,400,000			1,257,264
GS Mortgage Securities Corp. II, Series 2021-ARDN, Class A, 6.46% (1 mo. Term SOFR + 1.36%), 11/15/2036 (c)			3,685,000			3,648,621
GS Mortgage-Backed Securities Trust, Series 2021-NQM1, Class A3, 1.53%, 07/25/2061 (c)(e)			741,080			667,444
JP Morgan Chase Commercial Mortgage Securities, Series 2021-MHC, Class A, 6.26% (1 mo. Term SOFR + 1.16%), 04/15/2038 (c)			708,673			707,122
JPMBB Commercial Mortgage Securities Trust, Series 2014-C22, Class AS, 4.11%, 09/15/2047			1,314,637			1,255,534
MHC Commercial Mortgage Trust, Series 2021-MHC, Class A, 6.01% (1 mo. Term SOFR + 0.92%), 04/15/2038 (c)			1,677,753			1,670,413
New Residential Mortgage Loan Trust, Series 2016-1A, Class A1, 3.75%, 03/25/2056 (c)(e)			85,831			82,280
NRTH PARK Mortgage Trust, Series 2024-PARK, Class A, 6.74% (1 mo. Term SOFR + 1.64%), 03/15/2039 (c)			700,000			700,315
NYC Commercial Mortgage Trust, Series 2024-3ELV, Class A, 7.09% (1 mo. Term SOFR + 1.99%), 08/15/2029 (c)			1,000,000			1,003,744
PKHL Commercial Mortgage Trust, Series 2021-MF, Class A, 6.09% (1 mo. Term SOFR + 0.99%), 07/15/2038 (c)			3,250,000			3,103,878
SMR Mortgage Trust, Series 2022-IND, Class A, 6.75% (1 mo. Term SOFR + 1.65%), 02/15/2039 (c)			3,433,789			3,373,892
TX Trust, Series 2024-HOU, Class A, 6.69% (1 mo. Term SOFR + 1.59%), 06/15/2039 (c)			600,000			594,945
UBS Commercial Mortgage Trust, Series 2017-C6, Class ASB, 3.50%, 12/15/2050			585,659			575,320
Verus Securitization Trust, Series 2020-1, Class A1, 3.42%, 01/25/2060 (c)(f)			103,611			101,263
TOTAL MORTGAGE-BACKED SECURITIES (Cost $66,361,637)						65,166,468
U.S. GOVERNMENT AGENCY ISSUES - 8.5%	Par			Value
Federal Farm Credit Banks Funding Corp.
4.63%, 03/05/2026			8,685,000			8,781,328
4.38%, 03/08/2027			3,720,000			3,784,560
Federal Home Loan Banks
1.00%, 12/20/2024			5,835,000			5,788,339
2.07%, 08/28/2025			11,855,000			11,616,674
0.60%, 02/12/2026			3,100,000			2,964,363
4.75%, 04/09/2027			6,200,000			6,368,768
1.10%, 02/25/2028			6,475,000			5,925,945
Federal National Mortgage Association
1.88%, 09/24/2026			4,523,000			4,363,436
0.75%, 10/08/2027			14,670,000			13,482,820
United States of America Executive Branch, Series 2012-20K, Class 1, 2.09%, 11/01/2032			3,926			3,679
TOTAL U.S. GOVERNMENT AGENCY ISSUES (Cost $62,128,732)						63,079,912
ASSET-BACKED SECURITIES - 7.2%	Par			Value
321 Henderson Receivables I LLC, Series 2004-A, Class A1, 5.56% (1 mo. Term SOFR + 0.46%), 09/15/2045 (c)			1,506			1,501
American Express Travel Related Services Co., Inc., Series 2024-1, Class A, 5.23%, 04/15/2029			2,810,000			2,891,919
Angel Oak Mortgage Trust LLC, Series 2020-5, Class A3, 2.04%, 05/25/2065 (c)(e)			34,742			33,142
Argent Securities, Inc. Asset-Backed Pass-Through Certificates, Series 2003-W6, Class M1, 6.02% (1 mo. Term SOFR + 1.16%), 01/25/2034			279,233			285,637
Asset Backed Securities Corp. Home Equity Loan Trust, Series 2002-HE1, Class M1, 6.86% (1 mo. Term SOFR + 1.76%), 03/15/2032			108,595			111,416
Bank of America Auto Trust, Series 2024-1A, Class A3, 5.35%, 11/15/2028 (c)			3,475,000			3,548,539
Barclays Dryrock Funding LLC, Series 2023-1, Class A, 4.72%, 02/15/2029			4,900,000			4,935,971
CarMax Auto Owner Trust, Series 2021-4, Class A3, 0.56%, 09/15/2026			839,067			825,255
Carvana Auto Receivables Trust
Series 2021-P4, Class A3, 1.31%, 01/11/2027			1,329,496			1,311,144
Series 2022-P3, Class A3, 4.61%, 11/10/2027			3,079,212			3,075,532
DB Master Finance Parent LLC, Series 2021-1A, Class A2I, 2.05%, 11/20/2051 (c)			1,993,625			1,889,029
Dell Equipment Finance Trust, Series 2023-2, Class A2, 5.84%, 01/22/2029 (c)			420,577			421,401
Diamond Resorts Owner Trust, Series 2021-1A, Class A, 1.51%, 11/21/2033 (c)			241,033			233,232
Elara Depositor LLC, Series 2021-A, Class A, 1.36%, 08/27/2035 (c)			1,032,537			969,795
GM Financial Consumer Automobile Receivables Trust
Series 2021-3, Class A3, 0.48%, 06/16/2026			429,990			425,959
Series 2021-4, Class A3, 0.68%, 09/16/2026			566,022			557,646
Series 2023-4, Class A3, 5.78%, 08/16/2028			1,560,000			1,596,747
GM Financial Leasing Trust, Series 2024-2, Class A3, 5.39%, 07/20/2027			4,750,000			4,842,308
Hilton Grand Vacations, Inc.
Series 2019-AA, Class A, 2.34%, 07/25/2033 (c)			590,818			575,064
Series 2024-2A, Class A, 5.50%, 03/25/2038 (c)			1,464,761			1,497,903
Honda Auto Receivables Owner Trust
Series 2023-2, Class A2, 5.41%, 04/15/2026			1,610,629			1,613,150
Series 2024-1, Class A3, 5.21%, 08/15/2028			2,080,000			2,117,265
IPFS Corp., Series 2024-D, Class A, 5.34%, 04/15/2029 (c)			1,890,000			1,936,670
Marriott Vacations Worldwide Corp.
Series 2019-2A, Class A, 2.22%, 10/20/2038 (c)			166,902			162,393
Series 2021-1WA, Class A, 1.14%, 01/22/2041 (c)			399,832			379,781
MVW Owner Trust
Series 2018-1A, Class A, 3.45%, 01/21/2036 (c)			247,473			247,164
Series 2019-1A, Class A, 2.89%, 11/20/2036 (c)			124,377			122,822
Navient Student Loan Trust, Series 2021-A, Class A, 0.84%, 05/15/2069 (c)			507,517			460,865
Planet Fitness SPV Guarantor LLC, Series 2022-1A, Class A2I, 3.25%, 12/05/2051 (c)			2,340,000			2,277,505
SoFi Professional Loan Program LLC, Series 2021-B, Class AFX, 1.14%, 02/15/2047 (c)			1,277,712			1,123,479
Taco Bell Corp., Series 2021-1A, Class A2I, 1.95%, 08/25/2051 (c)			2,480,813			2,324,499
T-Mobile US Trust 2024-1, Series 2024-1A, Class A, 5.05%, 09/20/2029 (c)			1,330,000			1,348,993
Toyota Auto Loan Extended Note Trust, Series 2020-1A, Class A, 1.35%, 05/25/2033 (c)			1,050,000			1,027,691
Toyota Auto Receivables Owner Trust, Series 2024-B, Class A3, 5.33%, 01/16/2029			5,500,000			5,627,954
Volkswagen Auto Lease Trust, Series 2024-A, Class A3, 5.21%, 06/21/2027			2,000,000			2,029,049
Volkswagen Auto Loan Enhanced Trust, Series 2021-1, Class A3, 1.02%, 06/22/2026			672,683			665,553
TOTAL ASSET-BACKED SECURITIES (Cost $53,466,272)						53,493,973
COLLATERALIZED MORTGAGE OBLIGATIONS - 0.8%	Par			Value
BBCMS Trust, Series 2023-C19, Class A2B, 5.75%, 04/15/2056			2,750,000			2,814,820
BLP Commercial Mortgage Trust, Series 2024-IND2, Class B, 6.79% (1 mo. Term SOFR + 1.69%), 03/15/2041 (c)			1,325,000			1,320,031
Citigroup Commercial Mortgage Trust, Series 2016-C3, Class A4, 3.15%, 11/15/2049			300,000			290,161
Fannie Mae Connecticut Avenue Securities, Series 2023-R05, Class 1M2, 8.36% (30 day avg SOFR US + 3.10%), 06/25/2043 (c)			225,000			235,914
Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2023-HQA1, Class M1B, 8.78% (30 day avg SOFR US + 3.50%), 05/25/2043 (c)			1,010,000			1,069,148
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS (Cost $5,639,253)						5,730,074
MUNICIPAL BONDS - 0.3%	Par			Value
County of King WA Sewer Revenue, 0.80%, 07/01/2025			320,000			312,311
State of Hawaii, 1.03%, 08/01/2025			1,955,000			1,906,013
TOTAL MUNICIPAL BONDS (Cost $2,275,000)						2,218,324
TOTAL INVESTMENTS - 86.2% (Cost $685,044,246)						636,511,969
Money Market Deposit Account - 5.4% (g)(h)						40,178,421
Other Assets in Excess of Liabilities - 8.4%(i)						62,437,163
TOTAL NET ASSETS - 100.0%					$	739,127,553
Percentages are stated as a percent of net assets.

AG - Aktiengesellschaft

CMT - Constant Maturity Treasury Rate

NV - Naamloze Vennootschap

PLC - Public Limited Company

REIT - Real Estate Investment Trust

SA - Sociedad Anónima

SOFR - Secured Overnight Financing Rate

(a)	Non-income producing security.
(b)	Investment valued using net asset value per share as practical expedient. See Note 2. Galaxy Commodity - Polaris 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 correlation 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.
(c)	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 $92,487,854 or 12.5% of the Fund’s net assets.
(d)	Represents less than 0.05% of net assets.
(e)	Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of September 30, 2024.
(f)	Step coupon bond. The rate disclosed is as of September 30, 2024.
(g)	A portion of this deposit account is held by LCLSCS Fund Limited and pledged as collateral for derivative contracts. As of the reporting date, the value of this collateral totals $42,999.
(h)	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%.
(i)	Includes assets pledged as collateral for derivative contracts. As of the reporting date, the value of these assets totals $424,622.

LoCorr Long/Short Commodities Strategy 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 Appreciation

Counterparty

12/17/2027

LoCorr Commodities Index#

0.50

%

Quarterly

$

163,411,224

$

60,142,556

$

(19,855,301

)

$

40,287,255

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	973	$	70,028,458	5.78%
	Natural Gas	Jan-25	1,786		62,347,515	5.15%
	Gasoline RBOB	Oct-24	550		45,068,601	3.72%
	Natural Gas	Oct-24	1,348		39,493,058	3.26%
	Low Sulphur Gasoil	Oct-24	466		30,939,620	2.55%
	Gold	Dec-24	106		28,184,100	2.33%
	Soybean	Nov-24	477		25,367,236	2.10%
	Heating Oil	Oct-24	274		24,969,441	2.06%
	Brent Crude (ICE)	Dec-24	340		24,389,850	2.01%
	Endex Dutch TTF Gas Future	Dec-24	709		23,273,334	1.92%
	Corn	Mar-25	884		19,251,289	1.59%
	WTI Crude (NYMEX)	Nov-24	277		18,948,648	1.56%
	Endex Dutch TTF Gas Future	Jan-25	625		18,581,092	1.53%
	Copper (COMEX)	Mar-25	157		17,927,774	1.48%
	Endex Dutch TTF Gas Future	Nov-24	433		14,095,360	1.16%
	Natural Gas (NYMEX)	Oct-24	1,689		12,373,331	1.02%
	Endex Dutch TTF Gas Future	Feb-25	372		12,113,240	1.00%
	Coffee	Mar-25	93		9,207,735	0.76%
	Brent Crude (ICE)	Jan-25	125		8,994,444	0.74%
	Live Cattle	Oct-24	113		8,309,497	0.69%
	Sugar No.11	Feb-25	321		8,012,471	0.66%
	WTI Crude (NYMEX)	Dec-24	116		7,885,728	0.65%
	Copper (LME)	Dec-24	30		7,414,698	0.61%
	Crude Palm Oil	Dec-24	290		7,060,123	0.58%
	Cotton No.2	Mar-25	178		6,669,338	0.55%
	Corn	May-25	221		4,920,541	0.41%
	Soybean Meal	Dec-24	136		4,698,509	0.39%
	Natural Gas	Feb-25	135		4,298,493	0.36%
	Hard Red Wheat	Dec-24	144		4,189,094	0.35%
Total Purchase Contracts					569,012,618	46.97%
Sale Contracts:(1)
	Natural Gas	Dec-24	(3,260)	$	117,762,783	9.73%
	Brent Crude (ICE)	Oct-24	(1,456)		105,285,638	8.70%
	Endex Dutch TTF Gas Future	Oct-24	(2,078)		64,841,887	5.36%
	Gasoline RBOB	Nov-24	(513)		41,432,329	3.42%
	Corn	Dec-24	(1,471)		30,799,704	2.54%
	Low Sulphur Gasoil	Nov-24	(422)		27,824,325	2.30%
	Soybean	Jan-25	(487)		26,370,640	2.18%
	WTI Crude (NYMEX)	Oct-24	(361)		24,862,273	2.05%
	Heating Oil	Nov-24	(252)		23,051,982	1.90%
	Live Cattle	Dec-24	(229)		16,900,661	1.40%
	Natural Gas	Nov-24	(345)		11,575,807	0.96%
	Copper (COMEX)	Dec-24	(99)		11,263,372	0.93%
	Milling Wheat	Dec-24	(762)		9,434,503	0.78%
	Lean Hogs	Dec-24	(309)		9,062,325	0.75%
	Cotton No.2	Dec-24	(226)		8,281,838	0.68%
	Hard Red Wheat	Mar-25	(240)		7,174,754	0.59%
	Sugar No.11	Apr-25	(274)		6,406,847	0.53%
	Soybean	Mar-25	(96)		5,283,421	0.44%
	Wheat	Dec-24	(165)		4,829,274	0.40%
	Rapeseed	Oct-24	(179)		4,683,559	0.39%
Total Sale Contracts					557,127,922	46.03%
Other Futures Contracts					69,391,318	5.73%
Total Futures Contracts					1,195,531,858	98.73%
Cash and Foreign Currency:
Cash and Foreign Currency Purchased:(1)
	U.S. Dollar			$	8,819,161	0.73%
Other Cash and Foreign Currency					2,863,626	0.24%
Total Cash and Foreign Currency					11,682,787	0.97%
Forward Currency Contracts					3,582,501	0.30%
Total Underlying Positions				$	1,210,797,146	100.00%

#	The investment is not a direct holding of LoCorr Long/Short Commodities Strategy 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 Long/Short Commodities Strategy 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
Investments:
U.S. Treasury Securities	$	–	$	217,609,287	$	–	$	217,609,287
Commodity Pool(a)		–		–		–		118,062,679
Corporate Bonds		–		111,151,252		–		111,151,252
Mortgage-Backed Securities		–		65,166,468		–		65,166,468
U.S. Government Agency Issues		–		63,079,912		–		63,079,912
Asset-Backed Securities		–		53,493,973		–		53,493,973
Collateralized Mortgage Obligations		–		5,730,074		–		5,730,074
Municipal Bonds		–		2,218,324		–		2,218,324
Total Investments	$	–	$	636,511,969	$	–	$	636,511,969
Other Financial Instruments*:
Total Return Swaps		–		40,287,255		–		40,287,255
Total Other Financial Instruments	$	–	$	40,287,255	$	–	$	40,287,255
* The fair value of the Fund's investment represents the net unrealized appreciation (depreciation) as of September 30, 2024.
Refer to the Consolidated 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 of $118,062,679 presented in the table are intended to permit reconciliations of the fair value hierarchy to the amounts listed in the Schedule of Investments.