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361 Global Managed Futures Strategy Fund
Fund Details
| Objective: Seeks positive absolute returns that have a low correlation to the returns of global stock and bond markets. |
| Inception: 2/12/2014 |
| Benchmark: FTSE 3 Month T-Bill Index |
| Morningstar Category: Managed Futures |
Performance
| YTD | -3.80% |
| 1 Year | 1.24% |
| 3 Year | 5.34% |
| Since Inception | 3.32% |
| Alpha α (as of 3/31/18) | 1.93% |
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.
Fund Strategy
The 361 Global Managed Futures Strategy Fund seeks to generate performance by employing a suite of systematic trading models that take positions (long, short, or cash) in equity index futures contracts across the globe.
Why Invest in the Fund
Portfolio Diversification
Alternative mutual fund with low correlations to global markets offering true diversification.
Global Exposure
Fund seeks to benefit from increased and expanded opportunity set across global markets.
Contrarian Approach
Counter-trend approach seeks to profit from short-term price extremes independent of market direction.
True Diversifier with a Positive Impact
Returns include reinvestment of dividends and income.
The 361 Global Managed Futures Strategy Fund is among 94 in the Managed Futures funds derived from a weighted average of the fund’s three-, five- and 10-year risk-adjusted returns as of 3/31/2018. For the 3 year period, the Fund was rated 5 stars out of 94. Past performance is no guarantee of future results. Ratings reflect fee waivers in effect; in their absence, ratings may have been lower. The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds 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, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.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. 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.
See Glossary of Terms >The 361 Funds are distributed by IMST Distributors, LLC.
% Total Returns
% Calendar Year Returns
Market Allocations
Returns include reinvestment of dividends and income.
See Glossary of Terms >† Furthermore, 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.
Statistical Signature
Commentary
Executive Summary
As a result of equity market uncertainty, both international and U.S. stocks suffered their first quarterly declines in ten quarters. The Fund experienced its first quarterly loss since the third quarter of 2015, ending a nine-quarter streak of positive returns.
Strategy Overview
