Email
RSS
Print

PERFORMANCE

A Strategy that Checks Every Box

The 361 Global Long/Short Equity Fund has historically outperformed category peers on multiple performance fronts.

View Fact Sheet >

The 361 Global Long/Short Equity Fund is ranked in the 7th percentile based on Total Return since Fund inception as of 3/31/2018 among 191 funds in the Morningstar Long Short Equity Funds category. The lower the number rank, the better the Fund performed compared to other funds in its category. Source: Morningstar. Data from 1/1/2015 to 3/31/18, representing the Fund’s first full month of operation. This does not include data from the Analytic Global Long/Short Equity Fund, L .P. (“Predecessor Account”), a limited partnership that commenced operations on 1/6/2014 and was reorganized into the Fund on 12/12/2014. Peer Group (5-95%): Open End Funds – Long/Short Equity Category. The calculation benchmark for all statistics is the S&P 500 which is the Morningstar assigned benchmark for the Long/Short Equity category. Past performance is not indicative of future results.

Glossary of Terms >

Portfolio characteristics do not represent or predict the performance of the fund.

POTENTIAL BENEFITS

Performance While Managing Downside Risk

During the most recent MSCI World Index drawdown, the 361 Global Long/Short Equity Fund
was able to capture equity returns while managing downside risk.

View Fact Sheet >

Returns shown over one year are annualized. Returns include the reinvestment of dividends and income. Source: Morningstar. Data from 5/21/2015-12/8/2016. The timeframe was selected based on the beginning date and the end date of the MSCI World Index’s most recent drawdown.

Strategies that minimize drawdowns may leave investors in a better position to compound returns when stocks recover. Smaller drawdowns also dampen the psychological impact of market losses and keep investors from abandoning stocks at the wrong time.

A PROVEN TRACK RECORD OF PERFORMANCE THROUGH UP AND DOWN MARKETS

INSIGHTS

RESOURCES

FACT SHEET

ARTICLES

CONVERSATION TOOLS

View the Fund’s prospectus >

You should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing. View 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.

† Reflects contractual agreement to waive and/or pay for certain fees and expenses until 2/28/2019. See Prospectus for additional details.

The Overall Rating is derived from a weighted average of the fund’s 3-, 5- and 10-year risk-adjusted returns as of 3/31/2018. For the 3-year period, the Fund was rated 5-stars out of 191 funds in the Morningstar Long-Short Equity Category.

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 3-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 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% 3-year rating for 36-59 months of total returns, 60% 5-year rating/40% 3-year rating for 60-119 months of total returns, and 50% 10-year rating/30% 5-year rating/20% 3-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 3-year period actually has the greatest impact because it is included in all 3 rating periods.

The Analytic Global Long/Short Equity Fund, L.P. (“Predecessor Account”) was a limited partnership that commenced operations on 1/6/2014 and reorganized into the Fund on 12/12/2014. The Fund’s objectives, policies, guidelines and restrictions are, in all material respects, equivalent to those of the Predecessor Account. Performance shown prior to 12/12/2014 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.

Sustainability Rating as of 1/31/2018. Sustainalytics provides company-level analysis used in the calculation of Morningstar’s Sustainability Score. Out of 99 Long/Short Equity funds as of 1/31/2018. Based on 96.19% of AUM. The Morningstar Sustainability RatingTM is a measure of how well the holdings in a portfolio are managing their environmental, social, and governance, or ESG, risks and opportunities relative to their Morningstar Category peers. Morningstar ranks all scored funds within a category by their Portfolio Sustainability Scores and divides them into five groups along a bell curve distribution. A fund’s rating is depicted by one to five globes with one globe being the lowest score to five globes being the highest. Sustainability Ratings only reflect information on the ESG performance of a fund’s holdings and are not an evaluation of a fund’s performance or overall investment merit.

© 2018 Morningstar. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Glossary of Terms >

The 361 Funds are distributed by IMST Distributors, LLC.