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361 Global Long/Short Equity Fund

I: AGAZX | Investor: AGAQX | Y: AGAWX

Overall Morningstar Rating^TM

Sub-advised by Analytic Investors

Seeks to achieve long-term capital appreciation. The Fund also seeks to preserve capital in down markets.

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As of
8/13/2018

361 Domestic Long/Short Equity Fund

I: ADMZX | Investor: ADMQX | Y: ADMWX

Sub-advised by Analytic Investors

Seeks to achieve long-term capital appreciation and preserve capital in down markets.

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As of
8/13/2018

361 Global Managed Futures Strategy Fund

I: AGFZX | Investor: AGFQX

Overall Morningstar Rating^TM

Seeks positive absolute returns that have a low correlation to the returns of global stock and bond markets.

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As of
8/13/2018

361 Managed Futures Strategy Fund

I: AMFZX | Investor: AMFQX

Overall Morningstar Rating^TM

Seeks positive absolute returns that have a low correlation to the returns of broad stock and bond markets.

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As of
8/13/2018

361 Macro Opportunity Fund

I: AGMZX | Investor: AGMQX

Seeks long term positive absolute returns focusing on the best Macro investment opportunities worldwide.

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As of
8/13/2018

361 U.S. Small Cap Equity Fund

I: ASFZX | Investor: ASFQX | Y: ASFWX

Seeks to achieve long-term capital appreciation that will exceed the Russell 2000® Index return over a three- to five-year time horizon.

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As of
8/13/2018

Morningstar Overall Rating^TM derived from a weighted average of the fund’s three-, five- and 10-year risk-adjusted returns as of 3/31/2018.

The 361 Global Long/Short Equity Fund Class I shares was rated 5 stars Overall and for the 3-year period among 191 funds in the Long/Short Equity funds category.

The 361 Global Managed Futures Strategy Fund Class I shares was rated 5 stars Overall and for the 3-year period among 94 funds in the Managed Futures category.

The 361 Managed Futures Strategy Fund Class I shares was rated 4 stars Overall and for the three-year period among 94 funds in the Managed Futures funds category. For the 5-year period, the Fund was rated 4 stars out of 58 funds.

All mutual fund investing involves risk. It is possible that investors may lose some or all of their investment.

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.

The 361 Funds are distributed by IMST Distributors, LLC.