Total Returns [%]
Annual Expense Ratio: Gross 2.40% / Net 2.35% and Net Excluding dividend and Interest on Short Sales: 1.50% for Class I. The Gross Expense Ratio includes dividend and interest expense on short sales of 0.85%, reflects the fee waiver by the Adviser of 0.85%. The Net Expense relects the fee waiver by the Adviser of 0.05%. †
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.
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 or visit our website at 361capital.com. 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, lax 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.
† The Adviser has contractually agreed to waive its fees and/or pay for operating expenses of the Fund to ensure that total fund annual operating expenses with certain limitations do not exceed 1.39% until 02/29/20. The expense limitation is exclusive of dividend and interest expenses on short sales, Rule l 2b-l fees, shareholder servicing fees and extraordinary expenses. See the Prospectus for additional details.
The Analytic Global Long/Short Equity Fund, L.P. /”Predecessor Account’) was a limited partnership that commenced operations an 01/06/14 and reorganized into the Fund on 12/12/14. The Fund’s objectives, policies, guidelines and restrictions are, in all material respects, equivalent to those of the Predecessor Account. Performance shown prior to 12/12/14 is that of the Predecessor Account and has not been adjusted ta reflect the expenses of the Funds 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 imposed by the Act or the Internal Revenue Code of 1986 an regulated investment companies, if it had been its performance may have been adversely affected.
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The 361 Funds are distributed by IMST Distributors, LLC.
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