361 Managed Futures Strategy Fund

I: AMFZX | Investor: AMFQX

Fund Details

Objective: Seeks positive absolute returns that have a low correlation to the returns of broad stock and bond markets.
Inception: 12/20/2011
Benchmark: Citigroup 3 Month T-Bill Index
Morningstar Category: Managed Futures


As of 11/30/17 – Class I Shares
YTD 5.07%
1 Year 2.93%
3 Year 1.50%
5 Year 2.98%
Since Inception 3.62%
Alpha α (as of 9/30/17) 3.25%

Click here for quarter-end performance.

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.


Fund Strategy

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

Portfolio Diversification

Alternative mutual fund with low correlations to broad markets offering true diversification.

Positive Absolute Returns

Fund seeks consistent, positive returns across all market cycles.

Contrarian Approach

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.

Returns include reinvestment of dividends and income.

The 361 Managed Futures Strategy Fund is among 96 in the Managed Futures funds derived from a weighted average of the fund’s three-, five- and 10-year risk-adjusted returns as of 9/30/2017. For the three year period, the Fund was rated 3 stars out of 96 and for the five year period, the Fund was rated 4 stars out of 54. Past performance is no guarantee of future results. Ratings reflect fee waivers in effect; in their absence, ratings may have been lower. The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

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.

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.

See Glossary of Terms >

The 361 Funds are distributed by IMST Distributors, LLC.

% Total Returns

As of 9/30/2017*

% Calendar Year Returns

Correlation Matrix

Data from 1/1/2012-9/30/2017

Returns include reinvestment of dividends and income.

See Glossary of Terms >

Statistical Signature

As of 9/30/2017


Executive Summary

For the quarter ended September 2017, the 361 Managed Futures Strategy Fund gained 2.07% net of fees and expenses. Over the same time period, the Morningstar Managed Futures Category gained 0.62%, while the S&P 500 Index gained 4.48%. Through the first three quarters of 2017, the Fund has earned 2.53%, outperforming the Morningstar Managed Futures Category, which lost 2.01%. By way of comparison, the S&P 500 Index has gained more than 14% through the first nine months of the year with very little volatility.