ADMQX — 361 Domestic Long/Short Equity Fund
Data updated: 2023-01-17
ADMQX — 361 Domestic Long/Short Equity Fund. United States Blend / Core Equity · $5.31M AUM. Holdings, fees, performance and SEC filings.
ADMQX Fund Overview
ADMQX — 361 Domestic Long/Short Equity Fund is a US mutual fund managed by Investment Managers Series Trust, categorised as United States Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Investment Managers Series Trust
- Category: United States Blend / Core Equity
- Assets under management: $5.31M
- 1-year return: 4.0%
- Ticker: ADMQX
- SEC CIK: 0001318342
- SEC series ID: S000053339
- Share class ID: C000167801
ADMQX Investment Objective and Strategy
361 Domestic Long/Short Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Investment Managers Series Trust.
Investment objective
"The investment objective of the 361 Domestic Long/Short Equity Fund (the ""Fund"") is to achieve long-term capital appreciation. The Fund also seeks to preserve capital in down markets."
Principal investment strategy
"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 U.S. The Fund buys securities ""long"" that Analytic Investors, LLC (the ""Sub-Advisor""), the Fund's sub-advisor, believes will outperform the equity market, and sells securities ""short"" that the Sub-Advisor believes will underperform the equity market. The Fund's long-short exposure will vary over time based on the Sub-Advisor's 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 Fund's investment strategy involves active and frequent trading. The Fund's 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 Fund's cash holdings and 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. The Fund is ""non-diversified"" under the 1940 Act, which means that it may invest more of its assets in fewer issuers than ""diversified"" mutual funds."
ADMQX Performance
Total returns for ADMQX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 4.0% |
| 3 years (annualised) | 6.3% |
ADMQX Risk Information
Risk metrics for ADMQX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.8%
ADMQX Costs and Fees
ADMQX costs about $297 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.97%
- Gross expense ratio: 4.80%
- Portfolio turnover: 479%
- Brokerage commissions: 20.45 bps of average net assets (SEC N-CEN)
ADMQX Cashflows
Over the 12 months to 2022-10, 361 Domestic Long/Short Equity Fund had net inflows of $16.13M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-10 | $463.37K |
| 2022-09 | $1.49M |
| 2022-08 | $907.36K |
| 2022-07 | $234.79K |
| 2022-06 | $813.65K |
| 2022-05 | $1.10M |
ADMQX Debt Constituents
No individual debt constituents are reported in 361 Domestic Long/Short Equity Fund's latest SEC N-PORT filing.
ADMQX Prospectus and SEC Filings
Official 361 Domestic Long/Short Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-02-28
- Prospectus (485BPOS) — filed 2021-02-26
- Prospectus supplement (497) — filed 2021-04-01
- Portfolio holdings (N-PORT) — filed 2022-12-29
- Portfolio holdings (N-PORT) — filed 2022-09-20
- Portfolio holdings (N-PORT) — filed 2022-06-22
- Annual census (N-CEN) — filed 2023-01-17
- Annual census (N-CEN) — filed 2022-01-12
Related Funds
Other United States Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.