Important Electronic Mail Notice

Click here to view the latest performance for the: 361 Global Long/Short Equity Fund and 361 Domestic Long/Short Equity Fund.

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, call 1-888-736-1227. Please read the prospectus, or summary prospectus carefully before investing.

Past returns shown do not guarantee future results. Current performance may be lower or higher. Call 1-888-736-1227 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.

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. 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. Bond prices generally fall when interest rates rise. High-yield bonds have higher default rates. Frequent trading by a Fund may reduce returns and increase the number of taxable transactions. Concentration of its portfolio in relatively few issuers may make a Fund more volatile than a diversified fund.

One cannot invest directly in an index.

The 361 Funds are distributed by IMST Distributors, LLC.

Registered representative is registered with IMST Distributors, LLC which is not affiliated with Hamilton Lane LLC., or its affiliates.