|Objective: Seeks to achieve long-term capital appreciation. The Fund also seeks to participate in rising markets and preserve capital in down markets.
|Sub-Advisor: Analytic Investors†|
|Benchmark: MSCI World Index “MSCI”|
|Category: Long/Short Equity|
|Alpha α (as of 9/30/2018)||4.26%|
Returns over one year are annualized.
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.
Please see page 64 of the prospectus for additional unregistered product performance.
The 361 Global Long/Short Equity Fund, sub-advised by Analytic Investors, seeks to deliver an equity-like return with significantly less variability by investing across global developed equity markets, taking advantage of the low volatility anomaly by going long lower volatility stocks and shorting higher volatility stocks, and dynamically allocating to high predicted alpha stocks.
Why Invest in the Fund
Enhance Core Allocations
Seeks to bolster traditional elements of a core allocation (stocks and bonds) enhancing the portfolio’s overall risk/return profile.
Growth While Managing Downside Risk
Quantitative approach that pursues equity-like returns with significantly less volatility than the benchmark.
Structural elements combined with dynamic factor models seeks meaningful alpha from both long and short exposures.
Growth of Hypothetical $10,000 Investment
Past performance does not guarantee future results.
Returns include reinvestment of dividends and income.† Analytic Investors, LLC is a part of Wells Capital Management, a registered investment advisor and a wholly owned subsidiary of Wells Fargo Asset Management Holdings, LLC.
The Analytic Global Long/Short Equity Fund, L.P. (the “Predecessor Account”) was a limited partnership that commenced operations on January 6, 2014 and reorganized into the Fund on December 12, 2014. The Fund’s objectives, policies, guidelines and restrictions are, in all material respects, equivalent to those of the Predecessor Account. Performance shown prior to December 12, 2014 is that of the Predecessor Account and has not been adjusted to reflect the expenses of the Fund’s Class I shares, which are lower than the expenses of the Predecessor Account. If the Class I expenses were reflected, the Predecessor Account returns would be higher than those shown. However, the Predecessor Account was not registered under the Investment Company Act of 1940 and therefore was not subject to certain restrictions on regulated investment companies. If the Predecessor Account had been registered its performance may have been lower.
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.
Investing involves risk, including possible loss of principal. The potential loss from a short sale 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.
HFMWeek U.S. Performance Awards, http://www.hfmweek.com. The 361 Global Long/Short Equity Fund was named a finalist in the '40 Act - Other category. Winners will be announced on October 19, 2017. The HFMWeek U.S. Performance Awards celebrate those funds that have stood out in the competitive market over the past twelve months, honoring those that have outperformed their peers and demonstrated impressive growth through the volatility of the last year.
The 361 Funds are distributed by IMST Distributors, LLC.
% Total Returns* Returns shown over one year are annualized. Returns include the reinvestment of dividends and income.
% Calendar Year ReturnsPast 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.
**2014 return is since the Fund's inception of 1/6/2014.
Expense Ratio (%)
Performance and Managing Drawdown Risk
† The Adviser has contractually agreed to maintain the total annual fund operating expenses at stated levels, exclusive of certain expenses such as acquired fund expenses and dividend and interest expenses on short sales until 2/28/2019. See Prospectus for additional details.
Our strategy combines decades of research into the low volatility anomaly, as well as research into drivers of stock returns over time, to build a portfolio that is 100% long stocks with low predicted beta/high predicted alpha and is 30% short stocks withhigh predicted beta/low predicted alpha. These two lenses of viewing stocks each provide separate contributions as far as return to the portfolio.