361 Domestic Long/Short Equity Fund (ADMQX)
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
| ISIN | US46141Q5273 |
|---|---|
| CUSIP | 46141Q527 |
| Issuer | 361 Funds |
| Inception Date | Mar 30, 2016 |
| Category | Long-Short |
| Minimum Investment | $1,000 |
| Asset Class | Equity |
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.
Share Price Chart
Loading data...
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.
Compare to other instruments
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.
| Period | Return | Benchmark |
|---|---|---|
| 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
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 1.48% | -4.26% | 0.14% | 0.97% | ||||||||
| 2022 | 5.89% | 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 ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
ADMQX 361 Domestic Long/Short Equity Fund | -0.32 | ||||
^GSPC S&P 500 | 0.27 |
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.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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, 2020 | 23 | Mar 23, 2020 | 91 | Jul 31, 2020 | 114 |
| -17.47% | Dec 9, 2022 | 63 | Mar 13, 2023 | — | — | — |
| -14.89% | Sep 14, 2018 | 70 | Dec 24, 2018 | 147 | Jul 26, 2019 | 217 |
| -14.49% | Apr 21, 2022 | 121 | Oct 12, 2022 | 39 | Dec 7, 2022 | 160 |
| -10.84% | Oct 14, 2020 | 99 | Mar 8, 2021 | 89 | Jul 14, 2021 | 188 |
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.