|Objective: Seeks positive absolute returns that have a low correlation to the returns of broad stock and bond markets.
|Benchmark: Citigroup 3 Month T-Bill Index|
|Morningstar Category: Managed Futures|
Returns over one year are annualized.
Past returns shown do not guarantee future results. Current performance may be lower or higher. Call 888-736-1227 for the latest month-end returns. Return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than original cost. Other share class performance may vary.
The 361 Managed Futures Strategy Fund seeks to deliver an actively managed futures strategy in a mutual fund vehicle. The Fund follows a proprietary investment methodology that employs tactical trading signals based on a combination of medium-term price and volume trends and short-term technical indicators against those trends.
Why Invest in the Fund
Alternative mutual fund with low correlations to broad markets offering true diversification.
Positive Absolute Returns
Fund seeks consistent, positive returns across all market cycles.
Counter-trend approach seeks to profit from short-term price extremes independent of market direction.
Growth of Hypothetical $10,000 Investment
Past performance does not guarantee future results.
You should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing. For a prospectus, or summary prospectus, that contains this and other information about the Funds, call 1-888-736-1227. Please read the prospectus or summary prospectus carefully before investing.
The Citigroup 3 Month T-Bill Index measures monthly return equivalents of yield averages that are not marked to market. The Three-Month Treasury Bill Indexes consist of the last three three-month Treasury bill issues.
Investing involves risk, including possible loss of principal. Futures prices may be very volatile. The small margin required for futures contracts magnifies the effect of market volatility and allows the loss from a contract potentially to exceed the Fund’s initial investment. With short contracts, the loss is theoretically unlimited since the appreciation of the underlying asset also is theoretically unlimited. Fund assets not invested in futures are invested primarily in investment-grade bonds. Bond prices generally fall when interest rates rise. Frequent trading by the Fund may reduce returns and increase the number of taxable transactions. Concentration of its portfolio in relatively few issuers may make the Fund more volatile than a diversified fund.
The 361 Funds are distributed by IMST Distributors, LLC.
% Total Returns
% Calendar Year Returns
Alpha measures the difference between a fund’s actual and expected returns, based on beta, and is generally used as a measure of a manager’s added value over a passive strategy.
Beta measures a fund’s sensitivity to market movements. The beta of a market is 1.00 by definition.
Correlation is a statistical measure of how two securities perform relative to each other.
Standard Deviation is a statistical measurement of performance fluctuations. Generally, the higher the standard deviation, the greater the expected volatility of returns.
Sharpe ratio is a ratio developed to measure risk-adjusted performance.
Fund Hit Ratio
For the quarter ended December 2016, the 361 Managed Futures Strategy Fund returned -1.52% net of fees and expenses, bringing year-to-date performance to -0.81%. The Morningstar Managed Futures Category returned -3.36% for the quarter and finished the year with a loss of 3.53%. In contrast, the S&P 500 Index gained 3.82% for the quarter and 11.96% for 2016.