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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

$10.58

$22.4 M

0.00%

2.35%

Vitals

YTD Return

4.2%

1 yr return

3.8%

3 Yr Avg Return

-2.3%

5 Yr Avg Return

-0.9%

Net Assets

$22.4 M

Holdings in Top 10

97.5%

52 WEEK LOW AND HIGH

$10.6
$9.09
$10.58

Expenses

OPERATING FEES

Expense Ratio 2.35%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 28.00%

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

$10.58

$22.4 M

0.00%

2.35%

AMFQX - Profile

Distributions

  • YTD Total Return 4.2%
  • 3 Yr Annualized Total Return -2.3%
  • 5 Yr Annualized Total Return -0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.76%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    361 Managed Futures Strategy Fund
  • Fund Family Name
    361 Funds
  • Inception Date
    Dec 20, 2011
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Blaine Rollins

Fund Description

In pursuing the Fund’s investment objective, 361 Capital, LLC (“361” or the “Advisor”), the Fund’s advisor, employs a set of quantitative models to make investment decisions. Using a combination of market inputs, these models systematically identify when to purchase and sell specific investments for the Fund. The Advisor uses these models for the purpose of seeking to achieve favorable returns for the Fund from short-term movements in various U.S. and foreign markets. 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 Advisor may also base purchase and sale decisions for the Fund on its judgment regarding various market and economic factors rather than its quantitative models.

In pursuing its investment objective, the Fund will primarily seek to establish both long and short positions in futures contracts on various U.S. and foreign equity indices. However, the Advisor’s quantitative models will seek to identify periods during which the Fund should not enter into futures contracts. Accordingly, there will be significant periods of time during which the Fund will not hold any long or short futures positions. 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. The Advisor allocates the Fund’s assets not invested in futures or used as margin to a fixed income strategy that invests primarily in investment grade fixed income securities in order to generate interest income. These investments may include collateralized mortgage obligations, which are a type of mortgage-backed security, and other types of asset-backed securities. The Fund’s overall portfolio duration is expected to be less than one year with a weighted average maturity of less than two years.

The Fund may hold fixed income securities and liquid money market instruments during periods when the Fund is already invested in futures positions, 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 those other investments may contribute to the Fund’s performance, the Advisor expects that over time a majority of the Fund’s performance will be attributable to the Fund’s futures positions.

The Fund may also write put and call options and purchase put and call options on futures, securities indices and shares of ETFs. 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. Futures contracts and put and call options are among the types of instruments commonly referred to as derivatives.

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AMFQX - Performance

Return Ranking - Trailing

Period AMFQX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -6.5% 10.2% 41.84%
1 Yr 3.8% -16.1% 36.5% 58.76%
3 Yr -2.3%* -7.9% 13.3% 83.87%
5 Yr -0.9%* -5.3% 10.0% 77.01%
10 Yr N/A* -2.4% 4.3% N/A

* Annualized

Return Ranking - Calendar

Period AMFQX Return Category Return Low Category Return High Rank in Category (%)
2023 -13.9% -16.4% 12.9% 92.78%
2022 5.0% -9.3% 17.5% 19.79%
2021 -2.7% -25.8% 2.2% 25.56%
2020 5.7% -5.1% 21.0% 31.25%
2019 -1.0% -20.3% 8.1% 37.33%

Total Return Ranking - Trailing

Period AMFQX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -6.5% 10.2% 41.84%
1 Yr 3.8% -20.3% 36.5% 53.61%
3 Yr -2.3%* -9.0% 11.1% 83.87%
5 Yr -0.9%* -5.7% 8.7% 73.56%
10 Yr N/A* -2.4% 4.3% N/A

* Annualized

Total Return Ranking - Calendar

Period AMFQX Return Category Return Low Category Return High Rank in Category (%)
2023 -13.9% -16.4% 12.9% 92.78%
2022 5.0% -9.3% 17.5% 19.79%
2021 -2.7% -20.3% 2.5% 25.56%
2020 5.7% -5.1% 21.0% 33.75%
2019 -1.0% -20.3% 10.8% 37.33%

NAV & Total Return History


AMFQX - Holdings

Concentration Analysis

AMFQX Category Low Category High AMFQX % Rank
Net Assets 22.4 M 2.12 M 1.74 B 75.51%
Number of Holdings 8 3 876 95.92%
Net Assets in Top 10 24.2 M -284 M 2.04 B 61.22%
Weighting of Top 10 97.51% 20.3% 97.5% 3.45%

Top 10 Holdings

  1. Federated Hermes Treasury Obl Automated 97.46%
  2. VOLVO FINANCIAL EQUIPMENT MASTER 1.31% 3.19%
  3. PFS Financing Corp 1.36% 3.14%
  4. Occidental Petroleum Corporation 3.14% 2.03%
  5. SOFI CONSUMER LOAN PROGRAM TRUST 2.9% 1.85%
  6. Verizon Communications Inc. 2.23% 1.63%
  7. CANADIAN PACER AUTO RECEIVABLES TRUST 0.92% 1.62%
  8. Chesapeake Funding II Llc 1.26% 1.49%
  9. E-mini Russell 2000 Index Future Sept 20 0.06%
  10. E-mini Russell 2000 Index Future Sept 20 0.06%

Asset Allocation

Weighting Return Low Return High AMFQX % Rank
Cash
97.46% -735.41% 117.03% 17.35%
Other
2.59% -0.81% 58.63% 78.57%
Preferred Stocks
0.00% 0.00% 0.13% 98.98%
Convertible Bonds
0.00% 0.00% 2.20% 96.94%
Bonds
0.00% -50.36% 772.87% 82.65%
Stocks
-0.05% -1.78% 63.17% 96.94%

AMFQX - Expenses

Operational Fees

AMFQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.35% 0.75% 9.89% 30.93%
Management Fee 1.50% 0.65% 2.99% 80.61%
12b-1 Fee 0.25% 0.00% 1.00% 65.08%
Administrative Fee 0.10% 0.09% 0.45% 50.00%

Sales Fees

AMFQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% 80.95%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

AMFQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 26.32%

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.

AMFQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 28.00% 0.00% 198.00% 54.05%

AMFQX - Distributions

Dividend Yield Analysis

AMFQX Category Low Category High AMFQX % Rank
Dividend Yield 0.00% 0.00% 0.00% 96.94%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

AMFQX Category Low Category High AMFQX % Rank
Net Income Ratio -0.76% -3.14% 1.55% 65.98%

Capital Gain Distribution Analysis

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

Distributions History

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AMFQX - Fund Manager Analysis

Managers

Blaine Rollins


Start Date

Tenure

Tenure Rank

Dec 20, 2011

9.28

9.3%

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