As of 9/30/16, the 1-year and since inception total returns for the 361 Managed Futures Strategy Fund Class I Shares were 0.72% and 3.78%, respectively. The inception date for the 361 Managed Futures Strategy Fund is 12/20/2011. Annual Expense Ratio – Net Expense Ratio*: 1.86% and Gross Expense Ratio: 1.87%. As of 9/30/16, 1-year and since inception total returns for the 361 Global Counter-Trend Fund Class I Shares were 12.04% and 3.29%, respectively. Annual Expense Ratio – Capped Expense Ratio**: 1.74%, Net Expense Ratio: 1.82%, Gross Expense Ratio 2.47%. The inception date for the 361 Global Counter-Trend Fund is 2/12/2014.
*Net expense ratio reflects contractual agreement in effect until February 28, 2017 under which the Fund’s adviser agreed to waive its fees and/or pay for operating expenses.
**The Advisor has contractually agreed to waive its management fee and/or pay for operating expenses of the Fund to the extent necessary to maintain the total annual fund operating expenses at the stated levels, exclusive of certain expenses such as acquired fund expenses and dividend and interest expenses on short sales until February 28, 2017. See Prospectus for additional details.
The Performance data quoted here represents past performance. Past Performance is no guarantee of future results. Investment return and principal value will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information quoted. To obtain performance information current to the most recent month-end, please call 1-888-736-1227.
You should consider the funds’ 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 or visit our website at 361capital.com. 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.
The 361 Funds are distributed by IMST Distributors, LLC