LoCorr Investment Trust NPORT-P LoCorr Dynamic Opportunity Fund (Sep 2024 report)

LoCorr Dynamic Opportunity Fund
Schedule of Investments
September 30, 2024 (Unaudited)
COMMON STOCKS - 61.4%	Shares		Value
Apparel - 1.3%
VF Corp.		33,522	$	668,764
Auto Parts & Equipment - 0.7%
Cooper-Standard Holdings, Inc. (a)		14,431		200,158
Fox Factory Holding Corp. (a)		3,762		156,123
				356,281
Banks - 1.8%
Comerica, Inc.		5,154		308,776
Fifth Third Bancorp		7,167		307,035
Western Alliance Bancorp		3,572		308,942
				924,753
Biotechnology - 0.7%
Avid Bioservices, Inc. (a)		28,481		324,114
ChromaDex Corp. (a)		4,676		17,067
				341,181
Building Materials - 0.7%
Trex Co., Inc. (a)		5,493		365,724
Commercial Services - 6.3%
Arlo Technologies, Inc. (a)		23,244		281,485
Driven Brands Holdings, Inc. (a)		18,142		258,886
Franklin Covey Co. (a)		8,015		329,657
Huron Consulting Group, Inc. (a)		4,495		488,606
Marqeta, Inc. - Class A (a)		100,701		495,449
Repay Holdings Corp. (a)		59,077		482,068
Sezzle, Inc. (a)		622		106,107
Shift4 Payments, Inc. - Class A (a)		4,920		435,912
Transcat, Inc. (a)		988		119,321
Universal Technical Institute, Inc. (a)		12,179		198,031
				3,195,522
Distribution/Wholesale - 0.7%
VSE Corp.		4,241		350,858
Diversified Financial Services - 0.9%
Dave, Inc. (a)		5,290		211,388
International Money Express, Inc. (a)		13,548		250,503
				461,891
Electronics - 1.6%
Coherent Corp. (a)		619		55,036
Enovix Corp. (a)		24,365		227,569
OSI Systems, Inc. (a)		2,534		384,737
Vicor Corp. (a)		3,961		166,758
				834,100
Engineering & Construction - 1.1%
Bowman Consulting Group Ltd. (a)		3,732		89,866
Fluor Corp. (a)		7,597		362,453
Limbach Holdings, Inc. (a)		1,696		128,489
				580,808
Entertainment - 5.5%
Genius Sports Ltd. (a)		44,186		346,418
Penn National Gaming, Inc. (a)		53,767		1,014,046
Rush Street Interactive, Inc. (a)		35,917		389,699
Sportradar Group AG - Class A (a)		19,264		233,287
TKO Group Holdings, Inc. (a)		6,425		794,837
				2,778,287
Food - 0.1%
Mama's Creations, Inc. (a)		8,438		61,597
Healthcare-Products - 7.4%
Adaptive Biotechnologies Corp. (a)		49,557		253,732
AtriCure, Inc. (a)		13,096		367,212
CONMED Corp.		4,225		303,862
Globus Medical, Inc. - Class A (a)		4,257		304,546
ICU Medical, Inc. (a)		2,072		377,560
Inari Medical, Inc. (a)		1,255		51,756
Inogen, Inc. (a)		23,235		225,379
Merit Medical Systems, Inc. (a)		1,031		101,894
MiMedx Group, Inc. (a)		30,343		179,327
Natera, Inc. (a)		2,208		280,306
Omnicell, Inc. (a)		5,062		220,703
Orthofix Medical, Inc. (a)		10,527		164,432
Pulmonx Corp. (a)		30,619		253,832
SI-BONE, Inc. (a)		13,726		191,889
Tandem Diabetes Care, Inc. (a)		8,449		358,322
TransMedics Group, Inc. (a)		844		132,508
				3,767,260
Healthcare-Services - 0.6%
Viemed Healthcare, Inc. (a)		42,228		309,531
Home Furnishings - 0.7%
Lovesac Co. (a)		12,497		358,039
Housewares - 0.5%
Scotts Miracle-Gro Co.		2,609		226,200
Internet - 2.3%
Magnite, Inc. (a)		30,180		417,993
Match Group, Inc. (a)		20,263		766,752
				1,184,745
Iron/Steel - 0.6%
Carpenter Technology Corp.		1,887		301,128
Lodging - 2.0%
Las Vegas Sands Corp.		12,017		604,936
Wynn Resorts Ltd.		4,195		402,216
				1,007,152
Machinery-Diversified - 1.0%
AGCO Corp.		175		17,126
Flowserve Corp.		4,751		245,579
Middleby Corp. (a)		1,795		249,738
				512,443
Media - 1.5%
Cable One, Inc.		2,208		772,336
Miscellaneous Manufacturing - 0.3%
Sight Sciences, Inc. (a)		25,360		159,768
Oil & Gas - 2.2%
APA Corp.		21,151		517,354
Matador Resources Co.		3,169		156,612
Transocean Ltd. (a)		110,652		470,271
				1,144,237
Pharmaceuticals - 0.3%
Elanco Animal Health, Inc. (a)		8,764		128,743
Retail - 3.9%
Abercrombie & Fitch Co. - Class A (a)		751		105,065
Dollar Tree, Inc. (a)		10,573		743,493
Kura Sushi USA, Inc. - Class A (a)		1,790		144,202
Ollie's Bargain Outlet Holdings, Inc. (a)		1,059		102,935
Portillo's, Inc. - Class A (a)		8,379		112,865
RH (a)		302		100,998
Shake Shack, Inc. - Class A (a)		5,169		533,493
Victoria's Secret & Co. (a)		6,547		168,258
				2,011,309
Savings & Loans - 1.0%
New York Community Bancorp, Inc.		44,267		497,118
Semiconductors - 1.7%
FormFactor, Inc. (a)		2,170		99,820
Lattice Semiconductor Corp. (a)		1,937		102,797
Semtech Corp. (a)		9,593		438,016
SiTime Corp. (a)		1,384		237,370
				878,003
Software - 5.6%
AvePoint, Inc. (a)		37,323		439,292
Elastic NV (a)		6,642		509,840
Health Catalyst, Inc. (a)		35,885		292,104
PDF Solutions, Inc. (a)		8,417		266,650
PROS Holdings, Inc. (a)		1,182		21,891
SentinelOne, Inc. - Class A (a)		15,533		371,549
Zeta Global Holdings Corp. - Class A (a)		14,232		424,541
Zoom Video Communications, Inc. - Class A (a)		7,389		515,309
				2,841,176
Telecommunications - 4.9%
AT&T, Inc.		47,091		1,036,002
Calix, Inc. (a)		4,821		187,007
Ceragon Networks Ltd. (a)		44,337		121,483
Extreme Networks, Inc. (a)		10,031		150,766
Verizon Communications, Inc.		22,883		1,027,675
				2,522,933
Transportation - 3.5%
C.H. Robinson Worldwide, Inc.		3,375		372,499
Covenant Logistics Group, Inc.		2,748		145,204
United Parcel Service, Inc. - Class B		9,455		1,289,095
				1,806,798
TOTAL COMMON STOCKS (Cost $28,456,220)				31,348,685
EXCHANGE TRADED FUNDS - 2.1%	Shares		Value
SPDR S&P Biotech ETF		6,007		593,492
SPDR S&P Regional Banking ETF		8,660		490,156
TOTAL EXCHANGE TRADED FUNDS (Cost $1,008,585)				1,083,648
REAL ESTATE INVESTMENT TRUSTS - 2.0%	Shares		Value
Healthcare Realty Trust, Inc.		29,037		527,021
Kimco Realty Corp.		21,894		508,379
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $883,803)				1,035,400
TOTAL INVESTMENTS - 65.5% (Cost $30,348,608)				33,467,733
Money Market Deposit Account - 20.7% (b)				10,558,468
Other Assets in Excess of Liabilities - 13.8%(c)				7,026,539
TOTAL NET ASSETS - 100.0%			$	51,052,740
Percentages are stated as a percent of net assets.

AG - Aktiengesellschaft

NV - Naamloze Vennootschap

PLC - Public Limited Company

(a)	Non-income producing security.
(b)	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%.
(c)	Includes assets pledged as collateral for securities sold short and due to broker for derivatives. As of the reporting date, the net value of these assets totals $19,383,354

LoCorr Dynamic Opportunity Fund
Schedule of Securities Sold Short
September 30, 2024 (Unaudited)
COMMON STOCKS - (21.3)%	Shares			Value
Aerospace/Defense - (0.1)%
Mercury Systems, Inc.		(1,030	)	$	(38,110	)
Apparel - (0.6)%
Crocs, Inc.		(2,099	)		(303,956	)
Auto Manufacturers - (0.4)%
Wabash National Corp.		(10,551	)		(202,474	)
Auto Parts & Equipment - (0.4)%
Gentherm, Inc.		(4,724	)		(219,902	)
Banks - (1.7)%
Goldman Sachs Group, Inc.		(888	)		(439,658	)
JPMorgan Chase & Co.		(2,100	)		(442,806	)
					(882,464	)
Beverages - (0.4)%
Boston Beer Co., Inc. - Class A		(630	)		(182,158	)
Chemicals - (0.2)%
Olin Corp.		(2,694	)		(129,258	)
Commercial Services - (1.0)%
Block, Inc.		(2,933	)		(196,892	)
Cross Country Healthcare, Inc.		(2,916	)		(39,191	)
United Rentals, Inc.		(310	)		(251,017	)
					(487,100	)
Computers - (0.6)%
ASGN, Inc.		(1,025	)		(95,561	)
Crowdstrike Holdings, Inc. - Class A		(676	)		(189,597	)
					(285,158	)
Cosmetics/Personal Care - (0.3)%
elf Beauty, Inc.		(891	)		(97,146	)
Perrigo Co. PLC		(1,491	)		(39,109	)
					(136,255	)
Diversified Financial Services - (0.6)%
Evercore Partners, Inc. - Class A		(1,278	)		(323,769	)
Electronics - (0.8)%
Advanced Energy Industries, Inc.		(1,470	)		(154,703	)
Badger Meter, Inc.		(294	)		(64,212	)
Sanmina Corp.		(2,853	)		(195,288	)
					(414,203	)
Environmental Control - (0.2)%
CECO Environmental Corp.		(3,456	)		(97,459	)
Healthcare-Products - (0.5)%
BioLife Solutions, Inc.		(4,142	)		(103,716	)
RxSight, Inc.		(3,380	)		(167,073	)
					(270,789	)
Home Builders - (1.2)%
Dream Finders Homes, Inc. - Class A		(5,340	)		(193,361	)
Toll Brothers, Inc.		(1,648	)		(254,600	)
Tri Pointe Homes, Inc.		(4,120	)		(186,677	)
					(634,638	)
Home Furnishings - (0.5)%
Arhaus, Inc.		(15,757	)		(193,969	)
Ethan Allen Interiors, Inc.		(2,117	)		(67,511	)
					(261,480	)
Internet - (1.2)%
Etsy, Inc.		(743	)		(41,259	)
LifeMD, Inc.		(26,731	)		(140,070	)
Magnite, Inc.		(9,594	)		(132,877	)
Reddit, Inc. - Class A		(2,861	)		(188,597	)
Zillow Group, Inc. Class A - Class A		(2,084	)		(129,062	)
					(631,865	)
Leisure Time - (0.4)%
Brunswick Corp.		(1,889	)		(158,336	)
YETI Holdings, Inc.		(1,569	)		(64,376	)
					(222,712	)
Lodging - (1.1)%
Hilton Grand Vacations, Inc.		(6,516	)		(236,661	)
Wyndham Hotels & Resorts, Inc.		(4,064	)		(317,561	)
					(554,222	)
Machinery-Construction & Mining - (0.4)%
Caterpillar, Inc.		(485	)		(189,693	)
Metal Fabricate/Hardware - (0.1)%
Mueller Industries, Inc.		(885	)		(65,579	)
Packaging & Containers - (0.9)%
Ball Corp.		(3,783	)		(256,904	)
Crown Holdings, Inc.		(2,057	)		(197,225	)
					(454,129	)
Retail - (4.7)%
BJ's Restaurants, Inc.		(3,750	)		(122,100	)
Cava Group, Inc.		(1,495	)		(185,156	)
Cheesecake Factory, Inc.		(4,627	)		(187,625	)
Dick's Sporting Goods, Inc.		(739	)		(154,229	)
Floor & Decor Holdings, Inc. - Class A		(1,631	)		(202,521	)
Gap, Inc.		(4,228	)		(93,228	)
RH		(570	)		(190,625	)
Sweetgreen, Inc. - Class A		(5,434	)		(192,635	)
Target Corp.		(2,483	)		(387,000	)
Tractor Supply Co.		(739	)		(214,997	)
Urban Outfitters, Inc.		(6,725	)		(257,635	)
Williams-Sonoma, Inc.		(1,302	)		(201,706	)
					(2,389,457	)
Semiconductors - (0.5)%
Microchip Technology, Inc.		(786	)		(63,108	)
NVIDIA Corp.		(1,082	)		(131,398	)
ON Semiconductor Corp.		(854	)		(62,009	)
					(256,515	)
Software - (1.5)%
Appian Corp. - Class A		(2,750	)		(93,885	)
Dropbox, Inc. - Class A		(6,571	)		(167,100	)
Fastly, Inc. - Class A		(2,033	)		(15,390	)
Jamf Holding Corp.		(2,114	)		(36,678	)
Procore Technologies, Inc.		(4,758	)		(293,664	)
ROBLOX Corp. - Class A		(1,738	)		(76,924	)
Twilio, Inc. - Class A		(957	)		(62,415	)
					(746,056	)
Telecommunications - (0.2)%
Powerfleet, Inc. NJ		(21,145	)		(105,725	)
Transportation - (0.8)%
C.H. Robinson Worldwide, Inc.		(2,462	)		(271,731	)
Werner Enterprises, Inc.		(3,365	)		(129,855	)
					(401,586	)
TOTAL COMMON STOCKS (Proceeds $10,748,899)					(10,886,712	)
EXCHANGE TRADED FUNDS - (6.0)%	Shares			Value
iShares Russell 2000		(5,806	)		(1,282,487	)
iShares Russell 2000 Growth ETF		(1,581	)		(449,004	)
ProShares Ultra Russell2000		(1,265	)		(54,307	)
SPDR S&P500 Trust		(2,240	)		(1,285,222	)
TOTAL EXCHANGE TRADED FUNDS (Proceeds $2,998,737)					(3,071,020	)
REAL ESTATE INVESTMENT TRUSTS - (0.5)%	Shares			Value
Regency Centers Corp.		(3,546	)		(256,128	)
TOTAL REAL ESTATE INVESTMENT TRUSTS (Proceeds $251,616)					(256,128	)
TOTAL SECURITIES SOLD SHORT - (27.8)% (Proceeds $13,999,252)				$	(14,213,860	)
Percentages are stated as a percent of net assets.

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

LoCorr Dynamic Opportunity 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:
Common Stocks	$	31,348,685		$	–	$	–	$	31,348,685
Exchange Traded Funds		1,083,648			–		–		1,083,648
Real Estate Investment Trusts		1,035,400			–		–		1,035,400
Total Investments	$	33,467,733		$	–	$	–	$	33,467,733
Liabilities:
Investments:
Common Stocks		(10,886,712	)		–		–		(10,886,712	)
Exchange Traded Funds		(3,071,020	)		–		–		(3,071,020	)
Real Estate Investment Trusts		(256,128	)		–		–		(256,128	)
Total Investments	$	(14,213,860	)	$	–	$	–	$	(14,213,860	)
Refer to the Schedule of Investments for further disaggregation of investment categories.