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361 Domestic Long/Short Equity Fund (ADMQX)

Mutual Fund · Currency in USD · Last updated May 27, 2023

The investment seeks to achieve long-term capital appreciation; the fund also seeks to preserve capital in down markets. In pursuing its investment objectives, the fund seeks to invest at least 80% of the value of its net assets (which include borrowings for investment purposes) in equity securities such as common stocks, warrants and rights of issuers that are organized in the United States and the securities of which are principally traded on a major U.S. exchange. It employs a strategy of taking long and short positions in equity securities publicly traded in the U.S.

Fund Info

ISINUS46141Q5273
CUSIP46141Q527
Issuer361 Funds
Inception DateMar 30, 2016
CategoryLong-Short
Minimum Investment$1,000
Asset ClassEquity

Asset Class Size

Mid-Cap

Asset Class Style

Value

Expense Ratio

The 361 Domestic Long/Short Equity Fund has a high expense ratio of 1.79%, indicating higher-than-average management fees.


1.79%
0.00%2.15%

Share Price Chart


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Performance

The chart shows the growth of an initial investment of $10,000 in 361 Domestic Long/Short Equity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%15.00%December2023FebruaryMarchAprilMay
-3.61%
6.09%
ADMQX (361 Domestic Long/Short Equity Fund)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

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Return

361 Domestic Long/Short Equity Fund had a return of -4.59% year-to-date (YTD) and -9.37% in the last 12 months. Over the past 10 years, 361 Domestic Long/Short Equity Fund had an annualized return of 4.84%, while the S&P 500 had an annualized return of 10.50%, indicating that 361 Domestic Long/Short Equity Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month-2.35%1.70%
Year-To-Date-4.59%9.53%
6 months-4.51%4.45%
1 year-9.37%1.14%
5 years (annualized)3.73%9.10%
10 years (annualized)4.84%10.50%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20231.48%-4.26%0.14%0.97%
20225.89%4.35%-0.50%

Risk-Adjusted Performance

This table presents a comparison of risk-adjusted performance metrics for 361 Domestic Long/Short Equity Fund (ADMQX) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
ADMQX
361 Domestic Long/Short Equity Fund
-0.32
^GSPC
S&P 500
0.27

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current 361 Domestic Long/Short Equity Fund Sharpe ratio is -0.32. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-1.00-0.500.000.501.00December2023FebruaryMarchAprilMay
-0.32
0.27
ADMQX (361 Domestic Long/Short Equity Fund)
Benchmark (^GSPC)

Dividend History

361 Domestic Long/Short Equity Fund granted a 16.42% dividend yield in the last twelve months. The annual payout for that period amounted to $1.16 per share.


PeriodTTM2022202120202019201820172016
Dividend$1.16$1.16$3.42$0.44$0.40$0.77$0.26$0.09

Dividend yield

16.42%15.67%44.74%7.04%6.68%14.45%4.60%1.85%

Monthly Dividends

The table displays the monthly dividend distributions for 361 Domestic Long/Short Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.00$0.00$0.00$0.00
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.16
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$3.42
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.44
2019$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.40
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.77
2017$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.26
2016$0.09

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-20.00%-15.00%-10.00%-5.00%0.00%December2023FebruaryMarchAprilMay
-16.53%
-12.32%
ADMQX (361 Domestic Long/Short Equity Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the 361 Domestic Long/Short Equity Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the 361 Domestic Long/Short Equity Fund is 22.24%, recorded on Mar 23, 2020. It took 91 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-22.24%Feb 20, 202023Mar 23, 202091Jul 31, 2020114
-17.47%Dec 9, 202263Mar 13, 2023
-14.89%Sep 14, 201870Dec 24, 2018147Jul 26, 2019217
-14.49%Apr 21, 2022121Oct 12, 202239Dec 7, 2022160
-10.84%Oct 14, 202099Mar 8, 202189Jul 14, 2021188

Volatility Chart

The current 361 Domestic Long/Short Equity Fund volatility is 2.02%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


5.00%10.00%15.00%20.00%December2023FebruaryMarchAprilMay
2.02%
3.82%
ADMQX (361 Domestic Long/Short Equity Fund)
Benchmark (^GSPC)