|Objective: Seeks long term positive absolute returns.|
|Manager: Blaine Rollins, CFA|
|Benchmark: FTSE 3 Month T-Bill Index and Blended Index|
|Morningstar Category: Multialternative|
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.
Using a combination of 361’s quantitative abilities and Blaine Rollins’ market expertise, the strategy is designed to find and focus on the best Macro investment opportunities worldwide and then determine how to implement the exposure for the largest potential gain.
Why Invest in the Fund
Alternative strategy designed to provide a multi-asset class tactical element to strategically constructed portfolios.
Fund applies both systematic and discretionary approaches to direct investments across asset classes.
Active Risk Management
Emphasis on risk management
in an attempt to protect capital in times of stress.
Returns include reinvestment of dividends and income.See Glossary of Terms >
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. Small- and mid-sized company securities tend to be less liquid and more volatile than those of large companies. High-yield bonds have higher default rates. Prices of commodities and related contracts may be very volatile for a variety of reasons, and may be difficult to liquidate in volatile markets. Commodity-related investments potentially may generate too much “non-qualifying income” that would jeopardize the Fund’s status as a “regulated investment company,” with significant adverse tax consequences for the Fund and its shareholders. 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.
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.
% 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 06/30/14.
Expense RatioThe Gross Expense Ratio includes dividend and interest expense on short sales of 0.18%. The Net Expense Ratio reflects the fee waiver by the Adviser of 1.05%. See below for more information.†
Equity Region Breakdown
Equity Sector Allocations
Equity Style Breakdown
The Morningstar Multialternative Category was up 0.54% for the quarter with a wide dispersion range in the category.
Positive trends for the quarter included short currency positions in the Euro and Pound as well as the Australian and New Zealand dollars; long bond trades globally were also positive. Negative trends came mostly from equities given the volatility spike in August.