Important Electronic Mail Notice

Click here to view the latest performance for the: 361 Global Counter-Trend Fund, 361 Global Long/Short Equity Fund, 361 Macro Opportunity Fund and 361 Managed Futures Strategy Fund.

For Investment Professional Use Only – Not for use with the Public

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. Please read the prospectus, or summary prospectus carefully before investing.

Past returns shown do not guarantee future results. Current performance may be lower or higher. Call 1-888-736-1227 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.

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. The potential loss from a short sale is theoretically unlimited since the appreciation of the underlying asset also is theoretically unlimited. Small- and mid-sized company securities tend to be less liquid and more volatile than those of large companies. Bond prices generally fall when interest rates rise. High-yield bonds have higher default rates. Prices of commodities and related contracts may be very volatile for a variety of reasons, and may be difficult to liquidate in volatile markets. The 361 Macro Opportunity Fund’s commodity-related investments potentially may generate too much “non-qualifying income” that would jeopardize the Fund’s status as a “regulated investment company,” with significant adverse tax consequences for the Fund or its shareholders. Foreign investment entails additional risk from adverse changes in currency exchange rates, lax regulation, and potential market instability. Frequent trading by a Fund may reduce returns and increase the number of taxable transactions. Concentration of its portfolio in relatively few issuers may make a Fund more volatile than a diversified fund.

The 361 Domestic Long/Short Equity Fund is new and has a limited operating history. As a result, prospective investors have a short track record on which to base their future investment decisions.

One cannot invest directly in an index.

The 361 Funds are distributed by IMST Distributors, LLC.