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361 Managed Futures Strategy Fund

I: AMFZX | Investor: AMFQX
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Fund Details

Objective: Seeks positive absolute returns that have a low correlation to the returns of broad stock and bond markets.
Inception: 12/20/2011
Benchmark: FTSE 3 Month T-Bill Index
Morningstar Category: Managed Futures

Performance

As of 10/31/18 – Class I Shares
YTD -1.96%
1 Year -0.95%
3 Year 0.59%
5 Year 1.18%
Since Inception 2.96%
Alpha α (as of 9/30/2018) 2.76%

Click here for quarter-end performance.

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 Managed Futures Strategy Fund seeks to generate performance by employing a suite of systematic trading models that take positions (long, short, or cash) in U.S. equity index futures contracts.

Why Invest in the Fund

Portfolio Diversification

Alternative mutual fund with low correlations to broad markets offering true diversification.

Positive Absolute Returns

Fund seeks consistent, positive returns across all market cycles.

Contrarian Approach

Counter-trend approach seeks to profit from short-term price extremes independent of market direction.

Growth of Hypothetical $10,000 Investment

12/20/2011-9/30/2018

 

Past performance does not guarantee future results.

The HFM US Hedge Fund 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 last year. A panel of independent industry professionals appointed by HFMWeek selected the 361 Managed Futures Strategy Fund in the above mentioned category based on a combination of quantitative and qualitative data, including annual performance, volatility, risk management and track record from July 2017 to June 2018. See Glossary of Terms >

Investing involves risk, including possible loss of principal. Futures prices may 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. Fund assets not invested in futures are invested primarily in investment-grade bonds. Bond prices generally fall when interest rates rise. 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

As of 9/30/2018*
 * Returns shown over one year are annualized. Returns include the reinvestment of dividends and income.

% Calendar Year 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.

Correlation Matrix

Data from 1/1/2012-9/30/2018

Statistical Signature

As of 9/30/2018

Commentary

Executive Summary

Within the wide variety of programs in the category, our strategy is one of two single manager, short-term counter trend funds. Our models seek to exploit overreactions in equity markets and profit from the short-term mean reversion often observed following outsized moves (up or down). We expect the Fund to perform well in choppy or ‘noisy’ markets, while being more muted in steadilyrising markets. With the VIX again below its long-term average, and noise at low levels for most of the quarter, the Fund performed in line with expectations.