361 Long/Short Equity Class IALSZX

8.81
0.02 / 0.23%
8.59 - 9.60--
NAV in USDNAV change52-week range3-yr sharpe ratio

As of market close Apr 15 2014.

Total returns on $10,000

As of Mar 31 2014.Fund performance

Objective

The investment seeks to achieve long-term capital appreciation with moderate correlation to major equity market indices but with less volatility. 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 and shares of ETFs that are designed to provide the fund with exposure to underlying equity securities, equity indices, and equity markets. The Advisor anticipates that, in general, the portfolio of the fund will not be more than 100% long or short on a net basis. The fund is non-diversified.

Profile

Fund typeOpen Ended Investment Company
Investment style (stocks)
Market Cap: Mid
Investment Style: Blend
Morningstar categoryLong/Short Equity
Launch date20/12/2011
Price currencyUSD
DomicileUnited States
SymbolALSZX
Manager & start date
Blaine Rollins
20/12/2011
Brian Cunningham
20/12/2011
Thomas Florence
20/12/2011
Jeremy Frank
20/12/2011

Investment

Pricing frequencyDaily
Total net assets
2.57m USDAs of Mar 31 2014
Net expense ratio1.94%
Front end load--
Deferred load--
Redemption fee2.00%
Min. initial investment100,000 USD
Min. additional investment--
Initial IRA100,000 USD
Additional IRA--
Available for saleUnited States

Diversification

Asset type

Cash
60.37%
US stock
39.25%
Non-US stock
0.38%
Other
0.00%
US bond
0.00%
Non-US bond
0.00%

Top 5 sectors

Consumer Cyclical
23.28%
Industrials
19.94%
Technology
12.25%
Consumer Defensive
11.04%
Energy
6.54%

Top 5 Regions

United States
88.58%
United Kingdom
0.60%
Eurozone
0.30%

Sector and region weightings are calculated using only long position holdings of the portfolio.

Sector & regional holdings

Top 5 holdings

Company1 year
change
Portfolio
weight
Short
allocation
Long
allocation
SPDR S&P 500
SPY:PCQ:USD
+17.86%-17.19%
SPDR S&P MidCap 400
MDY:PCQ:USD
+19.01%-17.02%
iShares Russell 2000
IWM:PCQ:USD
+22.23%-16.83%
Fidelity Instl MM Fds Money Market I0.00%10.72%
Apollo Education Group Inc Class A
APOL:NSQ
+51.03%0.76%
As of Jan 31 2014.Data delayed by at least 15 minutes.Top 10 holdings

The performance data shown in tables and graphs on this page is calculated in USD of the fund / index / average (as applicable), on a Bid To Bid / Nav to Nav basis, with gross dividends re-invested on ex-dividend date. Past performance is not necessarily a guide to future performance; unit prices may fall as well as rise.

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