Financial Highlights

3 Months Ended

Mar. 31, 2025

11.

Financial Highlights

The following information presents per unit operating performance data and other ratios for the three months ended March 31, 2025 and 2024, assuming the unit was outstanding throughout the entire period:


	Three Months Ended March 31, 2025
	Class A			Class A2			Class B			Class I			Class R
Per Unit Operating Performance

Net asset value per unit, beginning of period	$	4,010.26		$	1,110.61		$	6,867.44		$	1,198.65		$	1,153.41

Net realized and change in unrealized gain(loss) on investments ⁽¹⁾		(177.83	)		(49.54	)		(305.42	)		(53.35	)		(51.29	)
Net investment income (loss) ⁽¹⁾		(12.77	)		0.25			8.29			4.19			1.94
Total income (loss) from operations		(190.60	)		(49.29	)		(297.13	)		(49.16	)		(49.35	)

Net asset value per unit, end of period	$	3,819.66		$	1,061.32		$	6,570.31		$	1,149.49		$	1,104.06

Total return⁽⁴⁾		(4.75	)%		(4.44	)%		(4.33	)%		(4.10	)%		(4.28	)%

Other Financial Ratios
Ratios to average net asset value
Expenses prior to General Partner 1% allocation ⁽²⁾⁽³⁾		5.49	%		4.06	%		3.71	%		2.71	%		3.46	%
General Partner 1% allocation		(0.05	)%		(0.05	)%		(0.04	)%		(0.04	)%		(0.04	)%
Net total expenses		5.44	%		4.01	%		3.67	%		2.67	%		3.42	%

Net investment income (loss) ^(2)(3)(5)		(1.49	)%		(0.09	)%		0.31	%		1.25	%		0.51	%


	Three Months Ended March 31, 2024
	Class A			Class A2			Class B			Class I			Class R
Per Unit Operating Performance

Net asset value per Unit, beginning of period	$	4,052.52		$	1,106.83		$	6,816.97		$	1,178.69		$	1,142.67

Net realized and change in unrealized gain (loss) on investments ⁽¹⁾		701.45			192.10			1,181.50			204.48			198.09
Net investment income (loss)⁽¹⁾		(74.63	)		(16.46	)		(91.85	)		(12.85	)		(14.79	)
Total income (loss) from operations		626.82			175.64			1,089.65			191.63			183.30

Net asset value per unit, end of period	$	4,679.34		$	1,282.47		$	7,906.62		$	1,370.32		$	1,325.97

Total return⁽⁴⁾		15.47	%		15.87	%		15.98	%		16.26	%		16.04	%

Other Financial Ratios
Ratios to average net asset value
Expenses prior to General Partner 1% allocation ⁽²⁾⁽³⁾		10.36	%		9.04	%		8.47	%		7.48	%		8.26	%
General Partner 1% allocation		0.15	%		0.15	%		0.15	%		0.15	%		0.15	%
Net total expenses		10.51	%		9.19	%		8.62	%		7.63	%		8.41	%

Net investment income (loss) ^(2)(3)(5)		(6.30	)%		(4.93	)%		(4.42	)%		(3.45	)%		(4.22	)%

Total returns are calculated based on the change in value of a Class A, A2, B, I or R Unit during the period. An individual partner’s total returns and ratios may vary from the above total returns and ratios based on the timing of subscriptions and redemptions.

⁽¹⁾

The net investment income (loss) per unit is calculated by dividing the net investment income (loss) by the average number of Class A, A2, B, I or R Units outstanding during the period, Net realized and change in unrealized gain (loss) on investments is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information, Such balancing amount may differ from the calculation of net realized and change in unrealized gain (loss) on investment per unit due to the timing of investment gains and losses during the period relative to the number of units outstanding,

⁽²⁾

The net investment income (loss) includes interest income and excludes net realized and net change in unrealized gain (loss) from investment activities as shown in the statements of operations. The total amount is then reduced by all expenses, excluding brokerage commissions, which are included in net investment gain (loss) in the statements of operations. The resulting amount is divided by the average net asset value for the period,

⁽³⁾

Ratios have been annualized.

⁽⁴⁾

Ratios have not been annualized.

⁽⁵⁾

Ratio excludes General Partner 1% allocation.

LOCORR FUTURES PORTFOLIO FUND L.P. 10-Q