Total Returns (%)
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.
Market Turbulence Resulting from COVID-19. The outbreak of COVID-19 has negatively affected the worldwide economy, individual countries, individual companies and the market in general. The future impact of COVID-19 is currently unknown, and it may exacerbate other risks that apply to the Fund.
The 361 Global Long/Short Equity Fund Class I shares was rated 3 stars for the 3-year period and 4 stars for the 5-year period among 192 and 148 funds, respectively, in the Long-Short Equity funds category. Ratings reflect fee waivers in effect; in their absence, ratings may have been lower. 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. © 2020 Morningstar. All rights reserved.
^As of November 1, 2018 Analytic Investors has transitioned its investment advisory business and operations to Wells Capital Management Incorporated (“WellsCap”), a registered investment advisor and a wholly owned subsidiary of Wells Fargo Asset Management Holdings, LLC.
© 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.
Drawdown is the peak-to-trough decline during a specific record period of an investment, fund, or commodity. A drawdown is usually quoted as the percentage between the peak and the trough. 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 defined by standard deviation which is a statistical measurement of performance fluctuations. Generally, the higher the standard deviations, the greater the expected volatility of returns.
The MSCI World Index is a free float adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets. The index includes reinvestment of dividends, net of foreign withholding taxes. Morningstar Long/Short Equity Category is defined as long-short portfolios that hold sizable stakes in both long and short positions in equities and related derivatives. At least 75% of the assets are in equity securities or derivatives. It is not possible to invest directly in an index.
The 361 Funds are distributed by IMST Distributors, LLC.