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.
Beta measures a fund’s sensitivity to market movements. The beta of a market is 1.00 by definition.
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each 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 fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics. The 361 Managed Futures Strategy Fund was rated against the following numbers of U.S.-domiciled Managed Futures Funds over the following time period: 91 funds in the last three years. With respect to these Managed Futures category, the 361 Managed Futures Strategy Fund received a Morningstar Rating of five stars for the three-year period. Past performance is no guarantee of future results. Morningstar Rating is for the Class I Share only; other classes may have different performance characteristics.
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Alternative investments are speculative and involve substantial risks. It is possible that investors may lose some or all of their investment.
This website is not a solicitation for the Funds outside of the United States.
For more complete information about the Funds, including investment objectives, risks, fees and expenses, download a Prospectus for the 361 Managed Futures Strategy Fund, 361 Global Managed Futures Strategy Fund, 361 Global Macro Opportunity Fund, and 361 Global Long/Short Equity Fund read it carefully before you invest. Additional information on the Fund can be found throughout this site.
The 361 Funds are distributed by IMST Distributors, LLC.