Denver—October 11, 2017—361 Capital, a leading boutique asset manager offering distinctive investment solutions to institutions, investment advisors and their clients, today announced that its 361 Global Managed Futures Strategy Fund (AGFZX), received a 5‐star Overall Morningstar RatingTM, based on risk-adjusted returns as of September 30, 2017, among 96 funds in the Managed Futures Category.
Featuring a distinct counter-trend approach, the Fund returned 7.74% over the one-year period versus -5.33% for the Morningstar Managed Futures Category, and 5.02% over the three-year period versus -0.30 % for the Morningstar Managed Futures Category, as of September 30, 2017.
“After an extended bull market, investors are wary of where markets are headed and are stepping up efforts to add strategies that aren’t solely dependent on market direction,” said Cliff Stanton, CFA, Co-Chief Investment Officer of 361 Capital. “With its low correlation to the global markets, the 361 Global Managed Futures Strategy Fund seeks to provide true diversification, helping to dampen market volatility and provide consistent risk‐adjusted returns.”
The Fund, with over $100 million in assets under management, seeks to benefit from a broad opportunity set inclusive of equity markets around the globe. Its counter-trend approach provides investors with the ability to profit from short-term price movements arising from overbought or oversold conditions.
With an alpha of 3.66 and correlation of 0.10 to the MSCI World Index, based on monthly returns since inception through September 30, 2017, the 361 Global Managed Futures Strategy Fund seeks to provide diversification to investment portfolios.* In addition, the Fund has captured 60.14% of the MSCI World Index’s returns with only 26.03% net market exposure on average over its life. It invests primarily in long and short positions in equity index futures contracts, with a transparent fee structure.
For more information about the 361 Global Managed Futures Strategy Fund or for questions about implementing alternative investment products, contact 866‐361‐1720.
About 361 Capital
361 Capital is a leading boutique asset manager focused on delivering distinctive investment solutions to institutions, advisors and their clients. Founded in 2001, the Firm offers alternative and traditional long-only equity strategies at the cutting edge of evolving markets—uniquely designed to meet investor goals of growth, risk management and diversification.
361 Capital is majority employee-owned with strategic investments from Lovell Minnick Partners, a private equity firm and Lighthouse Investment Partners.
For more information, call 866-361-1720 or visit 361capital.com.
*Fund inception was February 12, 2014 and monthly correlation and alpha information became available on March 1, 2014. (Alpha measures the difference between a fund’s actual and expected returns, based on beta, and is generally used as a measure of a manager’s added value over a passive strategy.Correlation is a statistical measure of how two securities perform relative to each other.) Diversification does not assure a profit or protect against a loss.
†Includes dividend and interest expense on short sales, acquired fund fee and expenses. When excluded, the net with limitation expense ratio is: Class I 1.74%. See below for more information. Furthermore, the Adviser has contractually agreed to maintain the total annual fund operating expenses at stated levels, exclusive of certain expenses such as acquired fund expenses and dividend and interest expenses on short sales until 2/28/2018. See Prospectus for additional details.
Effective May 1, 2017, the Fund changed its name from “361 Global Counter-Trend Fund.”
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. Please read the prospectus or summary prospectus carefully before investing.
Investing involves risk, including possible loss of principal. Futures prices can 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. With short contracts, the loss 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 361 Global Managed Futures Strategy Fund’s Overall Rating is derived from a weighted average of the fund’s three-, five- and 10-year risk-adjusted returns as of 9/30/2017. For the 3 year period, the Fund was rated 5 stars out of 96 funds in the Morningstar Managed Futures Category. Past performance is no guarantee of future results. Ratings reflect fee waivers in effect; in their absence, ratings may have been lower. 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 three-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 three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-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 three-year period actually has the greatest impact because it is included in all three rating periods.
© 2017 Morningstar, Inc. All Rights Reserved.
The 361 Funds are distributed by IMST Distributors, LLC.