361 Global Managed Futures Strategy Fund
As of 9/30/2017
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.
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 or visit our website at www.361capital.com. Please read the prospectus or summary prospectus carefully before investing.
Investing involves risk, including possible loss of principal. Futures prices can 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. Foreign investment entails additional risk from adverse changes in currency exchange rates, tax regulation, and potential market instability. 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 Overall Rating is derived from a weighted average of the fund’s three-, five- and 10-year risk-adjusted returns as of 9/30/2017. For the 3-year period, the Fund was rated 5-stars out of 96 funds in the Morningstar Managed Futures Category.
Past performance is no guarantee of future results. Ratings reflect fee waivers in effect; in their absence, ratings may have been lower.
t Reflects contractual agreement to waive and/or pay for certain fees and expenses until 2/2812018.
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. Morningstar Managed Futures Category is defined as funds that primarily trade liquid global futures, options, swaps, and foreign exchange contracts, both listed and over-the-counter. More than 60% of the fund’s exposure is invested through derivative securities. These funds obtain exposure primarily through derivatives; the holdings are largely cash instruments. It is not possible to invest directly in an index.
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. Volatility is measured by Standard Deviation which is a statistical measurement of performance fluctuations. Generally, the higher the standard deviation, the greater the expected volatility of returns. Downside Capture measures how well or poorly an investment manager performed relative to the benchmark during periods when the benchmark has dropped.
The 361 Global Managed Futures Strategy Fund ranked in the 5th percentile based on Total Return for the 3 year period as of 9/3012017 among 96 funds in the Morningstar Managed Futures Funds category. The lower the number rank, the better the Fund performed compared to other funds in its category.
Portfolio characteristics do not represent or predict the performance of the fund.
Effective May 1, 2017, the Fund changed its name from “361 Global Counter-Trend Fund.”
The 361 Funds are distributed by IMST Distributors, LLC.