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Trending ETFs

Name

As of 04/08/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.68

$10 M

-

2.34%

Vitals

YTD Return

5.5%

1 yr return

7.4%

3 Yr Avg Return

0.0%

5 Yr Avg Return

1.7%

Net Assets

$10 M

Holdings in Top 10

90.8%

52 WEEK LOW AND HIGH

$10.7
$9.07
$10.68

Expenses

OPERATING FEES

Expense Ratio 2.34%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 0.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$2,500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 04/08/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.68

$10 M

-

2.34%

AGFQX - Profile

Distributions

  • YTD Total Return 5.5%
  • 3 Yr Annualized Total Return 0.0%
  • 5 Yr Annualized Total Return 1.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.18%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    361 Global Managed Futures Strategy Fund
  • Fund Family Name
    361 Funds
  • Inception Date
    Feb 12, 2014
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Blaine Rollins

Fund Description

In pursuing its investment objective, the Fund expects to primarily focus, under normal circumstances, on investment in long or short positions in futures contracts for which the underlying reference asset is an index comprised primarily of non-U.S. issuers, although for brief periods of time the Fund may take temporary cash positions when 361 Capital, LLC (“361” or the “Advisor”), the Fund’s advisor, investment methodology dictates that the Fund exit a number of its positions simultaneously. The Fund further expects that, under normal circumstances, such non-U.S. issuers will be from at least three different countries other than the United States.

In pursuing the Fund’s investment objective, the Advisor employs a counter-trend strategy by engaging a set of quantitative models to make investment decisions. In particular, the Fund’s counter-trend strategy follows an investment model designed to perform in volatile markets, regardless of direction, by taking advantage of market fluctuations. The Fund’s counter-trend strategy follows an investment model designed to perform in volatile markets, regardless of direction, by taking advantage of short-term bi-directional market fluctuations. Using a combination of market inputs, the model systematically identifies when to purchase and sell specific investments for the Fund. The Advisor may also use other quantitative models that focus on longer term market trends rather than on identifying short-term purchase and sale opportunities. The Fund’s investment strategy will involve active and frequent trading.

Futures contracts are typically exchange traded contracts that call for the future delivery of an asset at a certain price and date, or cash settlement of the terms of the contract. A “long” position arises when the Fund holds a security in its portfolio. The Fund will have a “short” position where it sells a security it does not own by delivery of a borrowed security. Generally, a “long” position in a futures contract is expected to provide a positive return if the price of the underlying instrument or reference obligation increases and a negative return if the price of the underlying instrument or reference obligation decreases. Conversely, a “short” position in a futures contract is expected to provide a positive return when the price of the underlying instrument or reference obligation decreases and a negative return if the price of the underlying instrument or reference obligation increases. If the Fund holds both long and short futures positions in the same underlying instrument or reference obligation, the Fund may experience an overall loss with respect to its investments in that instrument or obligation if losses on one position (long or short) exceed the gains on the other position (long or short).

The Fund will be required to use a portion of its assets as margin for the Fund’s futures positions. The amount of margin will be based on the notional value of the futures contracts held by the Fund. Assets of the Fund not invested in futures or used as margin will generally be invested in liquid instruments. The Fund may hold liquid money market instruments during periods when the Fund is already invested in futures positions to the extent dictated by its investment strategy, when the Fund is not invested in futures positions, or as needed to comply with current SEC guidance relating to asset coverage for derivatives investments held by investment companies. As a result, a substantial portion of the Fund’s portfolio may be invested in instruments other than futures contracts. While investments other than futures may contribute to the Fund’s performance, the Advisor expects that over time and under normal market conditions a majority of the Fund’s performance will be attributable to the Fund’s futures positions.

In addition, the Fund may write put and call options and purchase put and call options on futures, and securities indices. The Fund may purchase or write options in combination with each other (i.e., simultaneously writing call options and purchasing put options) to adjust the risk and return of its overall investment positions.

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AGFQX - Performance

Return Ranking - Trailing

Period AGFQX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.5% -6.5% 10.2% 24.49%
1 Yr 7.4% -16.1% 36.5% 43.30%
3 Yr 0.0%* -7.9% 13.3% 70.97%
5 Yr 1.7%* -5.3% 10.0% 37.93%
10 Yr N/A* -2.4% 4.3% N/A

* Annualized

Return Ranking - Calendar

Period AGFQX Return Category Return Low Category Return High Rank in Category (%)
2023 -7.1% -16.4% 12.9% 77.32%
2022 4.5% -9.3% 17.5% 21.88%
2021 -4.7% -25.8% 2.2% 37.78%
2020 2.7% -5.1% 21.0% 47.50%
2019 7.8% -20.3% 8.1% 2.67%

Total Return Ranking - Trailing

Period AGFQX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.5% -6.5% 10.2% 22.45%
1 Yr 7.4% -20.3% 36.5% 38.14%
3 Yr 0.0%* -9.0% 11.1% 65.59%
5 Yr 1.7%* -5.7% 8.7% 33.33%
10 Yr N/A* -2.4% 4.3% N/A

* Annualized

Total Return Ranking - Calendar

Period AGFQX Return Category Return Low Category Return High Rank in Category (%)
2023 -7.1% -16.4% 12.9% 77.32%
2022 4.5% -9.3% 17.5% 21.88%
2021 -4.7% -20.3% 2.5% 37.78%
2020 8.0% -5.1% 21.0% 23.75%
2019 10.5% -20.3% 10.8% 2.67%

NAV & Total Return History


AGFQX - Holdings

Concentration Analysis

AGFQX Category Low Category High AGFQX % Rank
Net Assets 10 M 2.12 M 1.74 B 84.69%
Number of Holdings 12 3 876 88.78%
Net Assets in Top 10 10.8 M -284 M 2.04 B 74.49%
Weighting of Top 10 90.77% 20.3% 97.5% 27.59%

Top 10 Holdings

  1. Umb Money Mkt Fd 93.00%
  2. Federated Hermes Treasury Obl IS 90.29%
  3. United States Treasury Bills 0% 45.13%
  4. United States Treasury Bills 0% 21.45%
  5. Dax Future Sept 20 0.78%
  6. Dax Future Sept 20 0.78%
  7. Dax Future Sept 20 0.78%
  8. Dax Future Sept 20 0.78%
  9. Dax Future Sept 20 0.78%
  10. Dax Future Sept 20 0.78%

Asset Allocation

Weighting Return Low Return High AGFQX % Rank
Cash
101.30% -735.41% 117.03% 12.24%
Preferred Stocks
0.00% 0.00% 0.13% 37.76%
Convertible Bonds
0.00% 0.00% 2.20% 48.98%
Bonds
0.00% -50.36% 772.87% 73.47%
Stocks
-0.48% -1.78% 63.17% 97.96%
Other
-0.81% -0.81% 58.63% 98.98%

AGFQX - Expenses

Operational Fees

AGFQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.34% 0.75% 9.89% 32.99%
Management Fee 1.25% 0.65% 2.99% 45.92%
12b-1 Fee 0.25% 0.00% 1.00% 36.51%
Administrative Fee 0.10% 0.09% 0.45% 27.27%

Sales Fees

AGFQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% 16.95%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

AGFQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 17.26%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AGFQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 198.00% 5.41%

AGFQX - Distributions

Dividend Yield Analysis

AGFQX Category Low Category High AGFQX % Rank
Dividend Yield 0.00% 0.00% 0.00% 31.63%

Dividend Distribution Analysis

AGFQX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

AGFQX Category Low Category High AGFQX % Rank
Net Income Ratio -1.18% -3.14% 1.55% 84.54%

Capital Gain Distribution Analysis

AGFQX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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AGFQX - Fund Manager Analysis

Managers

Blaine Rollins


Start Date

Tenure

Tenure Rank

Feb 12, 2014

7.13

7.1%

Blaine Rollins, CFA is Chief Market Strategist. His responsibilities include investment research, portfolio construction and management, hedging and trading strategies. Mr. Rollins is also the author of the hugely popular 361 Weekly Research Briefing, which has a weekly circulation of over 80,000. Prior to joining 361 Capital in 2011, Mr. Rollins served as Executive Vice President at Janus Capital Group (now Janus Henderson) and Portfolio Manager of the Janus Fund, Janus Balanced Fund, Janus Equity Income Fund and the Janus Triton Fund. He began his career as a financial analyst at AMG in 1989 and has three decades of financial services industry experience. Mr. Rollins earned a Bachelor's degree in Finance from the University of Colorado. Mr. Rollins has also earned the designation of Chartered Financial Analyst (CFA).

Aditya Bhave


Start Date

Tenure

Tenure Rank

Dec 04, 2014

6.33

6.3%

Aditya Bhave is a Quantitative Analyst and is on the portfolio management team at 361 Capital. He focuses on research, development, and testing of systematic investment strategies. In addition, Mr. Bhave focuses on portfolio construction and management, risk management, trading, and trade impact analysis. He is also responsible for proprietary software development and database design. Mr. Bhave co-developed the firm’s proprietary trading, analysis, and backtesting software platforms. He has experience working with a variety of programming languages and database structures. His research interests include machine learning, advanced statistical analysis, behavioral biases, and general finance and economics. Mr. Bhave graduated from University of Denver’s Daniels College of Business with a Master of Science in Finance. He received his Bachelor of Arts degree with a double major in Finance and Economics from Franklin & Marshall College.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 14.09 5.46 3.59