DENVER, CO--(Marketwire - Jan 9, 2013) - 361 Capital, a provider of alternative investment mutual funds to RIAs, institutions, financial intermediaries, and high-net-worth investors, reports that strong performance has propelled the firm's 361 Managed Futures Strategy Fund to the top of both its Morningstar and Lipper peer group categories.
The Fund, which employs a distinctive counter-trend methodology, gained 11.47% (Class I shares) for the one year period ended December 31, 2012. This performance handily out-performed the average return of funds in the Morningstar U.S. Managed Futures Category, which declined by 7.39%. This performance landed the 361 Managed Futures Strategy Fund, Class I shares, as the top performing fund in both its Morningstar category -- ranking 1 among 100 funds -- and in its Lipper category ranking 1 out of 47 funds -- for the one year period ended December 31, 2012.*
Recently passing the one year milestone, the 361 Managed Futures Strategy Fund was launched in December 2011 by 361 Capital as a way to offer its managed futures strategy in a fully transparent '40-Act mutual fund structure. The 361 Managed Futures Strategy Fund is a single strategy, single manager product that systematically invests only in equity futures and does not invest in commodities.
According to Brian Cunningham, 361 Capital's President and CIO, the Fund's counter-trend strategy is thriving in these uncertain markets. "The performance of this Fund emphasizes that counter-trend strategies work because they are counter-intuitive and do not require lengthy, sustained trends to produce returns," says Mr. Cunningham. "Since this Fund can be invested 100% long, short, or in cash, it was able to capture 72% of the S&P 500 return while being invested less than 30% of the time."
The 361 Managed Futures Strategy Fund, with assets under management of $127.5 million as of December 31, 2012, is available in two classes -- A Shares (AMFQX) and I Shares (AMFZX) -- covering retail and institutional audiences. The Fund is available through most mutual fund platforms and financial intermediaries.
"Without a clear trend, many managed futures funds have struggled in recent years causing advisers and investors frustration," said Tom Florence, CEO of 361 Capital. "The performance of this Fund once again reminds advisers how valuable an allocation to a counter-trend approach can be during times of uncertainty in the market, especially with its low correlation to other managed futures funds."
Founded in 2001, 361 Capital has a single focus of creating robust alternative investment products that meet the needs of its clients. In early 2012, the firm expanded its capabilities through a strategic partnership with Lighthouse Partners, a $6.5 billion hedge fund of funds.
|Total Returns as of 12/31/2012||Ticker Symbol||4Q12||1 Year||Since Inception |
|361 Managed Futures Strategy Fund Class I||AMFZX||3.01%||11.47%||9.61%|
|361 Managed Futures Strategy Fund Class A with Maximum Sales Charge (5.75%)||AMFQX||-3.00%||4.79%||3.21%|
|361 Managed Futures Strategy Fund Class A at NAV||AMFQX||2.92%||11.17%||9.32%|
|Citigroup 3 Month T-Bill Index||0.02%||0.07%||0.07%|
|Morningstar's U.S. Managed Futures Category Average||-2.67%||-7.39%|| |
|S&P 500 Index||-0.38%||16.00%||17.04%|
Class I Shares - Annual Expense Ratio: Gross 2.98%/Net 2.38%**. Ratio after fee waiver and/or expense reimbursement (less 0.23% excluded expenses): 2.15%.
Class A Shares - Annual Expense Ratio Gross 3.23%/Net 2.63%**. Ratio after fee waiver and/or expense reimbursement (less 0.23% excluded expenses): 2.40%
The performance data quoted here represents past performance. Past performance is no guarantee of future results. Investment return and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information quoted. To obtain performance information current to the most recent month-end, please call 1-888-736-1227.
Attend the 361 Managed Futures Strategy Fund Quarterly Update Webinar
To learn more about the 361 Managed Futures Strategy Fund, please join Tom Florence, CEO, and Brian Cunningham, President & CIO, as they provide an update on the 361 Managed Futures Strategy Fund and its performance during both the fourth quarter and in its first year on Thursday, January 10 at 4:30p.m. ET. You can register by visiting: https://www2.gotomeeting.com/register/633024426.
About 361 Capital
361 Capital is a Registered Investment Advisor focused on managing portfolios of alternative investments that preserve capital in volatile markets through proven risk management strategies. Founded in 2001, the Denver-based firm launched its first mutual fund -- the 361 Absolute Alpha Fund -- in 2010. In 2011, it launched the 361 Long/Short Equity Fund and the 361 Managed Futures Strategy Fund. 361 Capital's products are distributed through investment advisors and institutions. For more information, call 866-361-1720 or visit www.361capital.com.
About Lighthouse Partners
Lighthouse Investment Partners, with offices in Florida, Chicago, New York, London, and Hong Kong, is a fund of hedge funds and managed account investment adviser managing approximately $6.5 billion for institutional and private investors. The proprietary managed account program is a hallmark of Lighthouse's investment process.
*Morningstar Category: Managed Futures
Lipper Category: Managed Futures Funds
**The Funds' advisor has contractually agreed to waive its fees and/or pay for expenses of the Funds to ensure that total annual fund operating expenses (excluding any acquired fund fees and expenses, interest, taxes, dividends on short positions, brokerage commissions and extraordinary expenses such as litigation expenses) do not exceed 2.40% for Class A shares and 2.15% for Class I shares of the average daily net assets of the 361 Managed Futures Strategy Fund. This agreement is effective until February 28, 2013 and may be terminated by the Trust's Board of Trustees. The Funds' advisor is permitted to seek reimbursement from the Fund, subject to certain limitations, for fees it waived and Fund expenses it paid for three years from the date of any such waiver or payment to the extent a class's total annual fund operating expenses do not exceed the limits described above or any lesser limits in effect at the time of reimbursement.
Morningstar ranked the 361 Managed Futures Strategy Fund Class I and Class A Shares 1% and 2%, respectively, based on Total Return for the 1-year period ending 12/31/2012 among 100 funds in the Managed Futures Category. The Morningstar Percentile Ranking compares a Fund's Morningstar risk and return scores with all the Funds in the same Category, where 1% = Best and 100% = Worst. Morningstar defines the U.S. Managed Futures Category as funds that primarily trade liquid global futures, options, swaps, and foreign exchange contracts, both listed and over-the-counter. More than 60% of the fund's exposure is invested through derivative securities. These funds obtain exposure primarily through derivatives; the holdings are largely cash instruments.
Lipper ranked the 361 Managed Futures Strategy Fund Class I and Class A Shares #1 and #2, respectively, out of 47 Managed Futures Funds for the period ending 12/31/2012 based on Total Returns. Lipper rankings are based on a fund's average annual total return in its peer group. Lipper Managed Futures Funds are defined as Funds that invest primarily in a basket of futures contracts with the aim of reduced volatility and positive returns in any market environment. Investment strategies are based on proprietary trading strategies that include the ability to go long and/or short.
Investors 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 or visit www.361capital.com. Please read the prospectus or summary prospectus carefully before investing.
Past performance does not guarantee future results. The Funds' performance may be influenced by political, social and economic factors affecting investments in foreign markets, including exposure to currency fluctuations relative to the U.S. dollar, less liquidity, less developed or less efficient trading markets, lack of comprehensive company information, political instability, and differing auditing and legal standards. Emerging markets tend to be more volatile than the markets of more mature economies. The value of securities held by the Funds may fall due to general market and economic conditions. The securities of small-cap companies may be subject to more abrupt or erratic market movements; trading may be more erratic or have lower volume than securities of larger companies. Fixed income securities are subject to the risk that securities could lose value because of interest rate, inflation and credit changes.
Derivatives can be highly volatile, illiquid and difficult to value, and changes in the value of a derivative held by the Funds may not correlate with the underlying instrument or the Funds' other investments. The Funds may make short sales, which may expose the Funds to the risk that it will be required to "cover" the short position at a time when the underlying instrument has appreciated in value, thus resulting in a loss to the Funds. Losses may be incurred even if they are "covered." The use of leverage may further magnify the Funds' gains or losses.
Funds' performance may be more vulnerable to changes in the market value of a single position and more susceptible to risks associated with a single economic, political or regulatory occurrence than a diversified fund. The Funds may have limited or no track record on which to base investment decisions. Regulators may undertake rulemaking, supervisory or enforcement actions that would adversely affect the Funds. Active and frequent trading may lead to a greater proportion of the Funds' gains being treated for federal income tax purposes as short-term capital gains or to distribute taxable income to its shareholders sooner than it would have distributed income if the investments were held for longer periods of time. Frequent trading and overlapping security transactions including ETFs would also result in transaction costs, which could detract from performance.
Alternative Investments are speculative and involve substantial risks. It is possible that investors may lose some or all of their investment.
The Citigroup 3 Month T-Bill Index measures 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.
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The S&P 500 Index is a commonly recognized, market capitalization weighted index of 500 widely held equity securities, designed to measure broad U.S. equity performance.
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The 361 Funds are distributed by Foreside Fund Services, LLC.