Skip to main content

Address And Details

4600 South Syracuse St, Ste 500 , Denver, CO 80237
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The investment objective of the 361 Domestic Long/Short Equity Fund (the Domestic Long/Short Equity Fund or Fund) is 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. The Fund employs a strategy of taking long and short positions in equity securities publicly traded in the United States. The Fund buys securities long that Wells Capital Management, Inc. (Wells Cap or the Sub Advisor), the Funds sub advisor, believes will outperform the equity market, and sells securities short that the Sub Advisor believes will under perform the equity market. The Funds long short exposure will vary over time based on the Sub Advisors assessments of market conditions and other factors. The Fund may invest in equity securities of issuers in all market capitalization ranges without limitation.The Sub Advisor anticipates that, in general, the net long exposure of the Fund will not exceed 100% and the Fund will not have a net short exposure. The Funds investment strategy involves active and frequent trading.The Funds strategy seeks to provide favorable performance while seeking to reduce certain risks relative to a portfolio comprised of only long positions in the same or substantially similar securities, but there can be no guarantee that its strategy will be successful in this regard.The Fund may also invest from time to time in futures, swaps and options contracts on securities, and securities indices. The Fund may also enter into options on futures contracts. The Fund may purchase or write options in combination with each other (i.e., simultaneously writing call options and purchasing put options) to seek to adjust the risk and return of its overall investment positions. The Fund may employ the types of derivatives referenced above in order to obtain short or long exposures to securities. The Fund will not count its derivatives positions,including futures,swaps and option positions,for purposes of determining whether it holds at least 80% of the value of its net assets(including investment related borrowings) in equity securities. The Fund may invest in exchange traded funds (ETFs) designed to track U.S. equity securities indices to manage the Funds cash holding sand gain exposure to the types of securities in which the Fund primarily invests. The Fund will count its ETF positions for purposes of determining whether it holds at least 80% of the value of its net assets (including investment-related borrowings) in equity securities of U.S.issuers.

Net Asset Value

as of 5:28 PM ET 10/29/2021


  • 1 Week
  • -0.17%
  • 1 Month
  • +2.14%
  • 3 Months
  • +2.87%
  • 1 Yr Return
  • +5.71%
  • 5 Yr Return
  • +15.98%

Equity Sector Breakdown

Technology 27.74%
NonDurables 17.12%
RetailTrade 12.21%
Health 10.30%
IndustrialCyclical 7.71%
Services 6.53%
Finance 4.26%
ConsumerDurables 2.28%
Utilities 2.16%
Energy n/a

Asset Allocation

Asset Type % Of Allocation
Stocks 97.53%
ForeignStocks 4.67%
Preferred 0.01%
Cash 0.00%
Bonds 0.00%
Convertible 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 3.20 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -2.39 -1.68 n/a
Beta 0.42 0.45 n/a
R Squared 0.54 0.55 n/a
Std Deviation 10.53 9.27 n/a
Sharpe Ratio 0.60 0.68 n/a

Purchase Information

as of 5:47 PM ET 10/28/2021
Minimum Initial $1000000
Minimum Additional $0
Minimum Initial IRA $1000000


Timeframe Average Annual Current Performance Monthly As Of n/a Average Annual Current Performance Quarterly As Of n/a Avg Annual Current Performance Monthly As Of n/a Avg Annual Current Performance Quarterly As Of n/a
1 Year
  • n/a
  • n/a
n/a n/a
3 Year
  • n/a
  • n/a
n/a n/a
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • n/a
  • n/a
n/a n/a

Top 10 Holdings

Symbol Company Name % Of Assets

Recent Articles from TheStreet

Pfizer BioNTech Moderna Lead

Moderna Stock Surges As Drugmaker Says It Can Have Omicron Vaccine Ready in Early 2022

Moderna's CMO told the BBC Sunday that a new vaccine could be ready "in large quantities" by early next year if the Omicron variant proves resistant to current doses.

Wall Street Lead

Omicron, Vaccines, Cyber Monday & Stock Markets - 5 Things You Must Know

Stocks rebound as investors eye Omicron details; Pfizer and Moderna extend gains, aim for early 2022 vaccine tweaks; Powell and jobs data highlight quiet week for earnings and data and Cyber Monday shopping in focus after a solid, but not spectacular, Black Friday tally.

New Covid Variant  Everything we know so far

Investors Brace for Omicron Variant, Volatility Impact on Stocks

Dr. Anthony Fauci, the White House chief medical adviser, said Sunday that the Omicron variant of Covid-19 will inevitably make its way to the U.S.

Even With Amazon, Online Shopping Is Still Small Compared to Brick-and-Mortar

Black Friday Sales Rocket As Shoppers Buy Online and Stay Home

The latest Mastercard SpendingPulse reports show retail sales up 30% compared to last year.

Mall Crowd Lead

New Coronavirus Variant Will Not Impact Black Friday, Cyber Monday Sales

The discovery of a new Covid variant that could be resistant to current vaccines, will not hurt sales this holiday weekend, said experts.

Elon Musk dances onstage during a delivery event for Tesla's China-made Model 3 cars in Shanghai on January 7, 2020.

Tesla Withdraws Request for German Aid for Battery Factory

'It has always been Tesla’s view that all subsidies should be eliminated,' Tesla CEO Elon Musk wrote on Twitter.

Bitcoin Down Lead

Bitcoin Drops, Showing Little Sign of Hedge Against Volatility

'To us [Bitcoin], it is still by and large a risk asset,' Ross Mayfield, investment strategy analyst at Baird, told Bloomberg.


Ives: Market Selloff is 'Golden Opportunity' for Tech Stocks

'We view [the move] as a clear buying opportunity, given our bullish view of the tech sector set up into 2022,' said Wedbush's Dan Ives.


VIX Soars to 10-Month High as Covid Variant Socks Stocks

The VIX is calculated from prices of S&P 500 index options with near-term expiration dates, offering a 30-day projection of volatility.

New York Stock Exchange Lead

Market Ends Down as Dow, Oil and Global Markets Feel Sting of New Covid Variant

The discovery of a new Covid variant that could be resistant to current vaccines, sent global markets plummeting Friday.