As of 6/30/16, the 1-year and since inception total returns for the 361 Global Long/Short Equity Fund Class I Shares were 3.29% and 8.60%, respectively. Annual Expense Ratio – Capped Expense Ratio*: 1.69%, Net Expense Ratio: 2.47%, Gross Expense Ratio: 3.20%. The inception date for the Fund is 1/6/2014.
*The Advisor has contractually agreed to waive its management fee and/or pay for operating expenses of the Fund to the extent necessary to maintain the total annual fund operating expenses at the stated levels, exclusive of certain expenses such as acquired fund expenses and dividend and interest expenses on short sales until February 28, 2017. See Prospectus for additional details.
The Performance data quoted here represents past performance. Past Performance is no guarantee of future results. Investment return and principal value will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information quoted. To obtain performance information current to the most recent month-end, please call 1-888-736-1227.
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 361 Global Long/Short Equity 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 applicable Share Class, which are lower than the expenses of the Predecessor Account. If the applicable Share Class 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 funds’ investment objectives, risks, charges and expenses carefully before investing. For a prospectus, or summary prospectus, that contains this and other information about the Funds click here or call 1-888-736-1227. Please read the prospectus, or summary prospectus carefully before investing.
The 361 Global Long/Short Equity Fund’s performance may be influenced by political, social and economic factors affecting investments in foreign markets. The Funds’ risks also included, but are not limited to, emerging markets risks, small-cap companies risk, fixed income risk, derivative investment risk, short sales risk, leverage risk and non-diversified risk.
Regulators may undertake rulemaking, supervisory or enforcement actions that would adversely affect the Funds. Active and frequent trading may lead to a greater proportion of the Funds’ gains being treated for federal income tax purposes as short-term capital gains or to distribute taxable income to its shareholders sooner than it would have distributed income if the investments were held for longer periods of time. Frequent trading and overlapping security transactions including ETFs would also result in transaction costs, which could detract from performance.
The 361 Funds are distributed by IMST Distributors, LLC