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Proper diversification is critical when constructing portfolios that can successfully navigate multiple market cycles. As such, Investors allocate to Managed Futures to seek uncorrelated returns, and in turn reduce overall portfolio risk. But not all Managed Futures funds are alike. While the majority of the category is trend following, there is a unique set of strategies that employ a counter-trend approach.
Total Returns (%)
Past returns shown do not guarantee future results. Current performance may be lower or higher. Click here 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.
The 361 Global Managed Futures Strategy Fund Class I shares was rated 4 stars for the 3-year period and 5 stars for the 5-year period among 100 and 82 funds, respectively, in the Managed Futures funds category. Ratings reflect fee waivers in effect; in their absence, ratings may have been lower. Morningstar Ratings™ are calculated for managed products including mutual funds with at least a three-year history. ETFs 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 and 60% five-year rating/40% three-year rating for 60-119 months of total returns.
The 361 Global Managed Futures Strategy Fund, Class I shares, received a Refinitiv 2019 Lipper Fund Award for the three-year time period among 84 funds in the Alternative Managed Futures Funds category. Lipper Awards are granted annually to the funds in each Lipper classification that achieve the highest score for Consistent Return, a measure of funds’ historical risk-adjusted returns, measured in local currency, relative to peers. Winners are selected using the Lipper Leader rating for Consistent Return for funds with at least 36 months of performance history as of 11/30/18. Awards are presented for the highest Lipper Leader for Consistent Return within each eligible classification over 3, 5 or 10 years. Other share classes may have different performance and expense characteristics. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. Lipper awards are not intended to predict future results.
© 2020 Morningstar. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
For Investment Professional Use Only – Not for use with the Public.
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.
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.
Correlation is a statistical measure of how two securities perform relative to each other. 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. The 361 Funds are distributed by IMST Distributors, LLC.
