AGFZX — 361 Global Managed Futures Strategy Fund
Data updated: 2021-03-26
AGFZX — 361 Global Managed Futures Strategy Fund. Commodity · $12.00M AUM · 2.08% expense ratio. Holdings, fees, performance and SEC filings.
AGFZX Fund Overview
AGFZX — 361 Global Managed Futures Strategy Fund is a US mutual fund managed by Investment Managers Series Trust, categorised as Commodity. 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: Commodity
- Assets under management: $12.00M
- 1-year return: -5.6%
- Ticker: AGFZX
- SEC CIK: 0001318342
- SEC series ID: S000043915
- Share class ID: C000136263
AGFZX Investment Objective and Strategy
361 Global Managed Futures Strategy Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Investment Managers Series Trust.
Investment objective
"The 361 Global Managed Futures Strategy Fund (the ""Fund"") seeks positive absolute returns that have a low correlation to the returns of global stock and bond markets."
Principal investment strategy
"In pursuing its investment objective, the Fund expects to primarily focus, under normal circumstances, on investment in long or short positions in futures contracts for which the underlying reference asset is an index comprised primarily of non-U.S. issuers, although for brief periods of time the Fund may take temporary cash positions when the advisor's investment methodology dictates that the Fund exit a number of its positions simultaneously. The Fund further expects that, under normal circumstances, such non-U.S. issuers will be from at least three different countries other than the United States. In pursuing the Fund's investment objective, the Advisor employs a counter-trend strategy by engaging a set of quantitative models to make investment decisions. In particular, the Fund's counter-trend strategy follows an investment model designed to perform in volatile markets, regardless of direction, by taking advantage of market fluctuations.
The Fund's counter-trend strategy follows an investment model designed to perform in volatile markets, regardless of direction, by taking advantage of short-term bi-directional market fluctuations. Using a combination of market inputs, the model systematically identifies when to purchase and sell specific investments for the Fund. The Advisor may also use other quantitative models that focus on longer term market trends rather than on identifying short-term purchase and sale opportunities. The Fund's investment strategy will involve active and frequent trading. Futures contracts are typically exchange traded contracts that call for the future delivery of an asset at a certain price and date, or cash settlement of the terms of the contract. A ""long"" position arises when the Fund holds a security in its portfolio.
The Fund will have a ""short"" position where it sells a security it does not own by delivery of a borrowed security. Generally, a ""long"" position in a futures contract is expected to provide a positive return if the price of the underlying instrument or reference obligation increases and a negative return if the price of the underlying instrument or reference obligation decreases. Conversely, a ""short"" position in a futures contract is expected to provide a positive return when the price of the underlying instrument or reference obligation decreases and a negative return if the price of the underlying instrument or reference obligation increases. If the Fund holds both long and short futures positions in the same underlying instrument or reference obligation, the Fund may experience an overall loss with respect to its investments in that instrument or obligation if losses on one position (long or short) exceed the gains on the other position (long or short).
The Fund will be required to use a portion of its assets as margin for the Fund's futures positions. The amount of margin will be based on the notional value of the futures contracts held by the Fund. Assets of the Fund not invested in futures or used as margin will generally be invested in liquid instruments. The Fund may hold liquid money market instruments during periods when the Fund is already invested in futures positions to the extent dictated by its investment strategy, when the Fund is not invested in futures positions, or as needed to comply with current SEC guidance relating to asset coverage for derivatives investments held by investment companies. As a result, a substantial portion of the Fund's portfolio may be invested in instruments other than futures contracts. While investments other than futures may contribute to the Fund's performance, the Advisor expects that over time and under normal market conditions a majority of the Fund's performance will be attributable to the Fund's futures positions.
In addition, the Fund may write put and call options and purchase put and call options on futures, and securities indices. The Fund may purchase or write options in combination with each other (i.e., simultaneously writing call options and purchasing put options) to adjust the risk and return of its overall investment positions."
AGFZX Performance
Total returns for AGFZX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -5.6% |
AGFZX Risk Information
Risk metrics for AGFZX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.4%
AGFZX Costs and Fees
AGFZX costs about $208 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.08%
- Gross expense ratio: 2.10%
- Portfolio turnover: 0%
- Brokerage commissions: 23.89 bps of average net assets (SEC N-CEN)
AGFZX Cashflows
Over the 12 months to 2021-01, 361 Global Managed Futures Strategy Fund had net inflows of $47.66M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-01 | $609.16K |
| 2020-12 | $1.73M |
| 2020-11 | $2.84M |
| 2020-10 | $988.88K |
| 2020-09 | $862.15K |
| 2020-08 | $3.52M |
AGFZX Debt Constituents
No individual debt constituents are reported in 361 Global Managed Futures Strategy Fund's latest SEC N-PORT filing.
AGFZX Prospectus and SEC Filings
Official 361 Global Managed Futures Strategy Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-02-26
- Prospectus (485BPOS) — filed 2020-03-18
- Prospectus (485BPOS) — filed 2019-03-20
- Portfolio holdings (N-PORT) — filed 2021-03-26
- Portfolio holdings (N-PORT) — filed 2020-12-23
- Portfolio holdings (N-PORT) — filed 2020-09-23
- Annual census (N-CEN) — filed 2021-01-11
- Annual census (N-CEN) — filed 2020-01-14
Related Funds
Other Commodity 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.