Over the past 10 years, Managed Futures strategies have faced varying returns. Below outlines the main driver for the trend-following category compared to the returns for the 361 Managed Futures Strategy Fund and 361 Global Managed Futures Strategy Fund—highlighting 361’s unique counter-trend approach to Managed Futures.
Past performance is not indicative of future results. Source: Morningstar. Data from 01/01/08-12/31/19. Returns shown over one-year are annualized. Returns include the reinvestment of dividends and income.
361 Managed Futures Strategy Fund & 361 Global Managed Futures Strategy Fund As of 12/31/19
Returns shown over one year are annualized. 361 Managed Futures Strategy Fund Expense Ratio: Gross 1.93%. 361 Global Managed Futures Strategy Fund Expense Ratio: Net 1.77% / Gross 1.70%. Reflects a reimbursement from the fund. Subject to certain limitations, the adviser is permitted to seek reimbursement from the fund for a period ending three fiscal years after the date of the waiver or payment. Returns shown over one year are annualized. Includes dividend and interest expense on short sales, acquired fund fees and expenses. When excluded, the net with limitation expense ratio is 1.74%.†
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 contractual agreed to waive certain fees and/or pay expenses to limit expenses to 1.74% for Class I shares as a percent of the average daily net assets until 02/29/21. The Adviser is permitted to seek reimbursement from the fund which is reflected in the Net Expense Ratio. See the Prospectus for additional details.
The FTSE 3 Month T-Bill Indexmeasures monthly return equivalents of yield averages that are not marked to market. The Three-Month Treasury Bill Indexes consist of the last three three-month Treasury bill issues.
Volatility is measured by Standard Deviation which is a statistical measurement of performance fluctuations. Generally, the higher standard deviation, the greater expected volatility of returns. The calculation benchmark for all statistics is the Credit Suisse Managed Futures Index which is the Morningstar assigned benchmark for the Managed Futures category. It is not possible to invest in an index.
Portfolio characteristics do not represent or predict the performance of the fund.