0001319067 2026-09-11 2026-09-11 0001319067 mcgxx:S000084495Member 2026-09-11 2026-09-11 0001319067 mcgxx:S000084495Member mcgxx:InvestmentRiskMember 2026-09-11 2026-09-11 0001319067 mcgxx:S000084495Member mcgxx:GovernmentMoneyMarketFundRiskMember 2026-09-11 2026-09-11 0001319067 mcgxx:S000084495Member mcgxx:StableNetAssetValueRiskMember 2026-09-11 2026-09-11 0001319067 mcgxx:S000084495Member mcgxx:USGovernmentSecuritiesMember 2026-09-11 2026-09-11 0001319067 mcgxx:S000084495Member mcgxx:USGovernmentSponsoredEntitiesGSEsRiskMember 2026-09-11 2026-09-11 0001319067 mcgxx:S000084495Member mcgxx:RepurchaseAgreementsRiskMember 2026-09-11 2026-09-11 0001319067 mcgxx:S000084495Member us-gaap:CreditRiskMember 2026-09-11 2026-09-11 0001319067 mcgxx:S000084495Member mcgxx:ManagementRiskMember 2026-09-11 2026-09-11 0001319067 mcgxx:S000084495Member us-gaap:InterestRateRiskMember 2026-09-11 2026-09-11 0001319067 mcgxx:S000084495Member mcgxx:RedemptionRiskMember 2026-09-11 2026-09-11 0001319067 mcgxx:S000084495Member mcgxx:MoneyMarketRegulatoryRiskMember 2026-09-11 2026-09-11 0001319067 mcgxx:S000084495Member mcgxx:OtherInvestmentCompaniesMoneyMarketFundsRiskMember 2026-09-11 2026-09-11 0001319067 mcgxx:S000084495Member mcgxx:NewFundRiskMember 2026-09-11 2026-09-11 0001319067 mcgxx:S000084495Member mcgxx:AppAndWebPortalDevelopmentRiskMember 2026-09-11 2026-09-11 0001319067 mcgxx:S000084495Member mcgxx:BlockchainNetworksRiskMember 2026-09-11 2026-09-11 0001319067 mcgxx:S000084495Member mcgxx:RisksRelatedToSolanaNetworkMember 2026-09-11 2026-09-11 0001319067 mcgxx:S000084495Member mcgxx:BlockchainRegulationRiskMember 2026-09-11 2026-09-11 0001319067 mcgxx:S000084495Member mcgxx:CybersecurityRiskMember 2026-09-11 2026-09-11 0001319067 mcgxx:C000248887Member 2026-09-11 2026-09-11 0001319067 mcgxx:S000084495Member oef:RiskLoseMoneyMember 2026-09-11 2026-09-11 0001319067 mcgxx:S000084495Member oef:RiskMoneyMarketFundMayNotPreserveDollarMember 2026-09-11 2026-09-11 0001319067 mcgxx:S000084495Member oef:RiskNotInsuredMember 2026-09-11 2026-09-11 0001319067 mcgxx:S000084495Member oef:RiskMoneyMarketFundSponsorMayNotProvideSupportMember 2026-09-11 2026-09-11 0001319067 mcgxx:S000084495Member oef:RiskMoneyMarketFundMayImposeFeesOrSuspendSalesMember 2026-09-11 2026-09-11 0001319067 mcgxx:C000248887Member 2025-01-01 2025-12-31 0001319067 mcgxx:C000248887Member 2024-10-22 2025-12-31 0001319067 mcgxx:MorningstarUS13MonthTreasuryBillGrowthUSDIndexMember 2025-01-01 2025-12-31 0001319067 mcgxx:MorningstarUS13MonthTreasuryBillGrowthUSDIndexMember 2024-10-22 2025-12-31 iso4217:USD pure false 485BPOS 0001319067 2026-09-11 N-1A 360 FUNDS 2026-09-11 SUMMARY OF M3SIXTY ONCHAIN U.S. GOVERNMENT MONEY MARKET FUND Investment Objective. The investment objective of the M3Sixty Onchain U.S. Government Money Market Fund (the “Fund”) is to provide investors with a high level of current income consistent with the preservation of capital and liquidity and the maintenance of a stable $1.00 net asset value (“NAV”) per share. Fees and Expenses of the Fund. This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. <div id="xdx_A8D_eoef--AnnualFundOperatingExpensesTableTextBlock_z72GS0dbX7ii"></div> <table cellpadding="0" cellspacing="0" id="xdx_A53_dU_zj2P3YFIXWsh" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Annual Fund Operating Expenses"> <tr style="background-color: gainsboro"> <td style="vertical-align: top; padding-left: 9pt; text-align: justify; text-indent: -9pt"> </td> <td id="xdx_49D_20260911__20260911__oef--ClassAxis__custom--C000248887Member_z5frJDllRcuc" style="vertical-align: bottom; text-align: center">Shares</td></tr> <tr> <td id="xdx_98B_eoef--OperatingExpensesCaption_c20260911__20260911__dei--LegalEntityAxis__custom--S000084495Member_z9D6DilkgsD" style="vertical-align: top">Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)</td> <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: center"> </td></tr> <tr id="xdx_40D_eoef--ManagementFeesOverAssets_dpn_zFk6HyBoFvt4" style="background-color: gainsboro"> <td style="vertical-align: top; padding-left: 9pt; text-align: justify; text-indent: -9pt">Management Fees </td> <td style="vertical-align: bottom; text-align: center">0.50%</td></tr> <tr id="xdx_408_eoef--DistributionAndService12b1FeesOverAssets_dpn_z1fxMMvLOagc" style="background-color: gainsboro"> <td style="vertical-align: top; padding-left: 9pt; text-align: justify; text-indent: -9pt">Distribution and/or Service (12b-1) Fees</td> <td style="vertical-align: bottom; text-align: center">None</td></tr> <tr id="xdx_40C_eoef--Component1OtherExpensesOverAssets_dpn_zjCTC3zD6tM2" style="background-color: gainsboro"> <td style="vertical-align: top; padding-left: 9pt; text-align: justify; text-indent: -9pt">Sub-Transfer Agent Fee1</td> <td style="vertical-align: bottom; text-align: center">0.35%</td></tr> <tr id="xdx_40F_eoef--OtherExpensesOverAssets_dpn_z36UdARq9xj5" style="background-color: gainsboro"> <td style="vertical-align: top; padding-left: 9pt; text-align: justify; text-indent: -9pt">Other Expenses </td> <td style="vertical-align: bottom; text-align: center">161.82%</td></tr> <tr id="xdx_40D_eoef--ExpensesOverAssets_dpn_zKsIcRBCNVE4" style="background-color: white"> <td style="vertical-align: top; padding-left: 9pt; text-align: justify; text-indent: -9pt">Total Annual Fund Operating Expenses </td> <td style="vertical-align: bottom; text-align: center">162.67%</td></tr> <tr id="xdx_402_eoef--FeeWaiverOrReimbursementOverAssets_dp_zlDWR5IkdLRb" style="background-color: white"> <td style="vertical-align: top; padding-left: 9pt; text-align: justify; text-indent: -9pt">Fee Waiver and/or Expense Reimbursement2</td> <td style="vertical-align: bottom; text-align: center">(161.54)%</td></tr> <tr id="xdx_404_eoef--NetExpensesOverAssets_dpn_zTXXtdosLKb" style="background-color: white"> <td style="vertical-align: top; padding-left: 9pt; text-align: justify; text-indent: -9pt">Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement</td> <td style="vertical-align: bottom"> 1.13% </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in">1</td><td id="xdx_F1D_zGz6TlkT7wNl" style="text-align: justify">The Fund has entered into a Sub-Transfer Agency Agreement with CERES Coin TA, LLC to perform various on-chain sub-transfer agency, registrar, and shareholder services on behalf of the Fund and its shareholders.</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 0.25in">2</td><td style="text-align: justify">M3Sixty Capital, LLC (the “Adviser”) has contractually agreed to reduce its fees and to reimburse expenses, at least through December 31, 2027, to ensure that total annual Fund operating expenses after fee waivers and reimbursements (exclusive of interest, borrowing expenses, distribution fees pursuant to Rule 12b-1 Plans, taxes, acquired fund fees and expenses, brokerage fees and commissions, dividend expenses on short sales, sub-transfer agency fees and other shareholder service fees, litigation expenses, expenditures which are capitalized in accordance with generally accepted accounting principles and, other extraordinary expenses not incurred in the ordinary course of such Fund’s business) will not exceed 0.78% of the Fund’s average daily net assets. These fee waivers and expense reimbursements are subject to recoupment from the Fund within three years of the date on which the waiver or reimbursement occurs, provided that the recoupment payments do not cause Total Annual Fund Operating Expenses (after the repayment is taken into account) to exceed (i) the expense limitation then in effect, if any, and (ii) the expense limitation in effect at the time the expenses to be repaid were incurred. This agreement may be terminated only by the Board of Trustees (the “Board”) on 60 days’ written notice to the Fund’s Adviser.</td></tr></table> Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0050 0 0.0035 1.6182 1.6267 -1.6154 0.0113 December 31, 2027 Example. This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The expense example also assumes that your investment has a 5% return each year and the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your cost would be: <div id="xdx_A80_eoef--ExpenseExampleWithRedemptionTableTextBlock_z7cSTS1KhPd5"></div> <table cellpadding="0" cellspacing="0" id="xdx_A55_dU_zi19xe839hSf" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Expense Example"> <tr style="vertical-align: top"> <td style="width: 18%; padding-left: 2.75pt; text-align: center">Period Invested</td> <td id="xdx_48A_eoef--ExpenseExampleYear01_z9Bav9KM8fPa" style="width: 16%; padding-left: 14.55pt; text-align: center">1 Year</td> <td id="xdx_48D_eoef--ExpenseExampleYear03_zvytrJfzVpcd" style="width: 24%; padding-left: 1.5pt; text-align: center">3 Years</td> <td id="xdx_482_eoef--ExpenseExampleYear05_zbKVJYQPDCc6" style="width: 21%; padding-left: 1.5pt; text-align: center">5 Years</td> <td id="xdx_48E_eoef--ExpenseExampleYear10_ztYWblzz4MYb" style="width: 21%; padding-left: 1.5pt; text-align: center">10 Years</td></tr> <tr id="xdx_414_20260911__20260911__oef--ClassAxis__custom--C000248887Member_zTNeb7rdyYPi" style="vertical-align: top"> <td style="padding-left: 2.75pt; text-align: center"> </td> <td style="padding-left: 14.55pt; text-align: center">$115</td> <td style="text-align: center">$1,629</td> <td style="text-align: center">$2,132</td> <td style="text-align: center">$2,399</td></tr> </table> 115 1629 2132 2399 Principal Investment Strategy of the Fund. The Fund invests at least 99.5% of its total assets in Government securities, cash, and repurchase agreements collateralized fully by Government securities or cash. For purposes of this policy, “Government securities” means any securities issued or guaranteed as to principal or interest by the United States or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States under authority granted by the U.S. Congress; or any certificate of deposit for any of the preceding. Government securities include those issued by government agencies or instrumentalities, such as the Federal National Mortgage Association (Fannie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac), Federal Home Loan Banks, and Federal Farm Credit Banks, whose securities are neither issued nor guaranteed by the U.S. Government. The Fund intends to operate as a “Government money market fund,” as such term is defined in or interpreted under Rule 2a-7 under the Investment Company Act of 1940 (the “1940 Act”). The Fund will give shareholders at least 60 days’ advance notice of any change to the 99.5% policy. The Fund uses the amortized cost valuation method to seek to maintain a stable $1.00 share price and does not intend to impose liquidity fees or redemption gates on Fund redemptions. Please note, however, that the Board reserves the ability to subject the Fund to a liquidity fee and/or redemption gate in the future after providing prior notice to shareholders. The Fund invests in: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">U.S. government securities, which may include fixed, floating, and variable rate securities.</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Repurchase agreements, which are agreements by the Fund to buy Government securities and then to sell the securities back on an agreed-upon date (generally, less than seven days) at a higher price, which reflects prevailing short-term interest rates.</td></tr></table> The Fund only buys securities that at the time of acquisition are “eligible securities,” as defined by applicable regulation (e.g., government securities, securities issued by a money market fund, and securities that the investment manager determines present minimal credit risks). The Fund maintains a dollar-weighted average portfolio maturity of 60 calendar days or less, maintains a dollar-weighted average life for its portfolio of 120 calendar days or less, and only buys securities that mature or are deemed to mature in 397 calendar days or less (or securities otherwise permitted to be purchased because of maturity shortening provisions under applicable regulation). The Fund invests only in U.S. dollar-denominated securities. The Fund does not invest in any crypto or digital assets. Use of Blockchain. CERES Coin TA, LLC (“CERES”), the Fund’s sub-transfer agent, maintains the record of share ownership via a patent-protected proprietary blockchain-integrated system that utilizes features of traditional book-entry form together with a private, permissioned access layer built on a public, permissionless blockchain network (the Solana network). Blockchain technology for mutual funds is relatively new and still evolving. CERES will reconcile these records with the official record of share ownership maintained by M3Sixty Administration, LLC (“M3Sixty”), the Fund’s transfer agent. Like traditional fund recordkeeping systems, all Fund and shareholder records in this blockchain-integrated system are under the complete control of the transfer agent. The Fund’s investment manager and transfer agent expect that the blockchain-integrated recordkeeping system will provide operational efficiencies without negatively impacting the quality of the transfer agency services. The shares are not currently traded on any exchanges. The Fund’s shares are not tokenized. Shares of the Fund are traditional, uncertificated book-entry equity securities of a registered investment company, and they are not digital assets, crypto assets, stablecoins, or any other form of token. The transfer agent issues the shares and maintains the sole official record of ownership; the sub-transfer agent’s blockchain-integrated system records corresponding share-ownership data on a secondary, non-authoritative layer, which is reconciled daily with that official record. The use of blockchain-based recordkeeping does not affect shareholders' rights in any respect. Shareholders of the Fund have the same voting rights, redemption rights, rights to dividends and distributions, rights to receive shareholder reports and other information, and protections under the Investment Company Act of 1940 and the Trust’s Declaration of Trust as shareholders of a mutual fund that does not use blockchain-based recordkeeping. In the event of any conflict between the sub-transfer agent’s blockchain records and the transfer agent’s official record, the transfer agent’s official record is determinative. The Fund uses the Solana network as the only public blockchain for recording Fund share ownership. Solana is a high-performance public blockchain utilizing a Proof of History combined with Proof of Stake consensus mechanism, enabling fast transaction processing and low transaction costs. The Fund issues traditional, uncertificated book-entry shares of a registered investment company. The sub-transfer agent’s implementation on the Solana network is a secondary, non-authoritative records corresponding share-ownership data using the Solana Program Library (“SPL”) token standard and reconciles it with M3Sixty’s official record. Generally, a blockchain is an immutable transaction ledger maintained within a distributed network of peer nodes. The immutability of the blockchain means that once an entry is accepted onto the ledger, it cannot be deleted or changed. Although the blockchain is an integral part of the Fund’s operations, the transfer agent is responsible for the accuracy of share ownership; a person holding shares due to errors or unauthorized transactions on the blockchain will have no legal claim to such shares. These nodes each keep a copy of the ledger by applying transactions validated by a consensus protocol, grouped into blocks that include a hash that binds each block to the preceding block. Many blockchains, such as Bitcoin, Ethereum, and Solana, are classified as permissionless public blockchain technology because they are public networks open to anyone, where participants interact anonymously. However, many enterprise use cases require performance characteristics that permissionless blockchain technologies cannot deliver currently. In addition, it is hard to identify the participants in a public but anonymous blockchain. Since such identity is necessary for financial transactions where Know-Your-Customer (“KYC”) and Anti-Money Laundering (“AML”) regulations must be followed, the sub-transfer agent uses a private, permissioned access layer, implemented through whitelisted wallets and freeze-authority controls at the SPL token program level, built on a public, permissionless blockchain network (the Solana network). The sub-transfer agent’s blockchain-integrated system is distinguishable from distributed ledgers/blockchains that lack access controls and other restrictions on which permissionless tokens are issued and transferred. Permissionless tokens include, for example, the native digital asset of distributed blockchains that are: (1) issued in a decentralized manner under no one entity’s control; and (2) unconstrained in accessibility and movement. The Fund’s blockchain-integrated recordkeeping system is a private, permissioned system created by the sub-transfer agent on the Solana public blockchain network using SPL token technology to incorporate a whitelist of permissioned wallets into the token configuration alongside various administrative control functions, including freeze authority. Unlike permissionless tokens, the corresponding share-ownership records maintained by the sub-transfer agent’s blockchain-integrated system are under the unilateral control of the sub-transfer agent. The sub-transfer agent is responsible for maintaining the accuracy of those share-ownership records and can correct errors and unauthorized entries in, and restrict updates to, those records. All fees associated with the use of public blockchain networks, including transaction fees denominated in the native digital assets of such networks (e.g., SOL on the Solana network), will be the responsibility of CERES or its affiliates. Fund investors will not be required to purchase any native digital assets of any public blockchain network. The sub-transfer agent or its affiliates also bear all fees of the third-party technology provider that develops and maintains the custom on-chain program through which the sub-transfer agent enforces its whitelist and related controls. No fee is payable by the Fund or its shareholders for use of the SPL Token Program or the Token-2022 program. The sub-transfer agent has implemented freeze authority and transfer restriction controls at the SPL token program level. These controls allow the sub-transfer agent to: (i) whitelist approved wallet addresses for which corresponding share-ownership data may be recorded on the shadow recordkeeping layer; (ii) freeze individual wallet accounts in the event of suspected unauthorized activity, regulatory requirement, or error correction; and (iii) correct and update the corresponding share-ownership data recorded on the shadow recordkeeping layer in connection with error corrections, which are then reconciled with the transfer agent’s official records. The shares themselves are issued, held, and transferred only by the Transfer Agent on the Fund’s official record of ownership; updates to the corresponding share-ownership data on the shadow recordkeeping layer may be recorded only between whitelisted, KYC-verified wallet addresses approved by the sub-transfer agent. “Freeze authority” is a control available under the Solana token program that allows the sub-transfer agent to freeze an individual wallet account, which prevents any further recordkeeping entries for that account until the sub-transfer agent unfreezes (or “thaws”) it. Freezing an account does not cancel, forfeit, or otherwise affect the shares the shareholder owns on the transfer agent’s official record, and it does not prevent the shareholder from redeeming shares directly with the Fund. The sub-transfer agent expects to exercise the freeze authority only in circumstances such as: sanctions screening, know-your-customer, or anti-money laundering ineligibility; suspected fraud or unauthorized account access; a lost or compromised wallet; a court order, regulatory directive, transfer agent instruction, or other legally valid restriction; a material reconciliation discrepancy that requires investigation; or another event specifically permitted under the sub-transfer agent’s compliance procedures. The Fund’s mobile application (the “App”), CERES Coin, is available for download and use from the Apple App Store; the Android version is pending approval for distribution through Google Play. The Fund’s web portal (the “Web Portal”) has been developed and is currently operating in a user-acceptance testing environment and has not been deployed to production. When deployed, the Web Portal will be available to individual investors at https://investorportal.cerescoin.io/ and to business and institutional investors at https://businessapp.cerescoin.io/. Upon the creation of an account through the App or the Web Portal, the sub-transfer agent will create an account (with a whitelisted wallet address) for each investor, and they can track the balance of any Fund shares in their account through the App or Web Portal after the sub-transfer agent reconciles any shareholder activity with the transfer agent. The Fund invests at least 99.5% of its total assets in Government securities, cash, and repurchase agreements collateralized fully by Government securities or cash. Investment Risk. You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor is not required to reimburse the Fund for losses, and you should not expect that the sponsor will provide financial support to the Fund at any time, including during periods of market stress. The Fund may impose a fee upon the sale of your shares if the Board determines it is in the best interest of shareholders. You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor is not required to reimburse the Fund for losses, and you should not expect that the sponsor will provide financial support to the Fund at any time, including during periods of market stress. The Fund may impose a fee upon the sale of your shares if the Board determines it is in the best interest of shareholders. Government Money Market Fund Risk. The Fund is a “government money market fund,” as such term is defined or interpreted under the rules governing money market funds. A “government money market fund” is a money market fund that invests 99.5 percent or more of its total assets in cash, government securities, and repurchase agreements that are collateralized fully. As a “government money market fund,” the Fund can value its securities using the amortized cost method to seek to maintain a stable $1.00 share price. The Fund must impose liquidity fees on fund redemptions if the Board determines that doing so is in the best interest of shareholders. Stable Net Asset Value Risk. If the Fund or another money market fund fails to maintain a stable net asset value (or such perception exists in the marketplace), the Fund could experience increased redemptions, which may adversely impact the Fund’s share price. The Fund is permitted, among other things, to reduce or withhold any income and gains generated from its portfolio to maintain a stable $1.00 share price. U.S. Government Securities. Not all obligations of the U.S. Government, its agencies, and instrumentalities are backed by the full faith and credit of the United States. Some obligations are backed only by the credit of the issuing agency or instrumentality, and in some cases, there may be some risk of default by the issuer. Government agency or instrumentality issues have different levels of credit support. <p id="xdx_A88_eoef--RiskTextBlock_hoef--RiskAxis__custom--USGovernmentSponsoredEntitiesGSEsRiskMember_zpzIPxUgX9ef" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">U.S. government-sponsored entities (“GSEs”) Risk. GSEs, such as Fannie Mae and Freddie Mac, may be chartered by Acts of Congress, but their securities are neither issued nor guaranteed by the U.S. government. Although the U.S. government has provided financial support to Fannie Mae, Freddie Mac, and certain other GSEs, no assurance can be given that the U.S. government will continue to do so. Accordingly, securities issued by Fannie Mae and Freddie Mac may involve a risk of non-payment of principal and interest. Investors should remember that guarantees of timely repayment of principal and interest do not apply to the market prices and yields of the securities or to the net asset value or performance of the Fund, which will vary with changes in interest rates and other market conditions. Repurchase Agreements Risk. When the Fund enters into a repurchase agreement, it is exposed to the risk that the other party (i.e., the counterparty) will not fulfill its contractual obligation. In a repurchase agreement, there exists the chance that when the Fund buys a security from a counterparty that agrees to repurchase the security at an agreed-upon price (usually higher) and time, the counterparty will not repurchase the security. Credit Risk. A decline in the credit quality of an issuer, guarantor, or liquidity provider of a portfolio investment or a counterparty could cause the fund to lose money or underperform. The Fund could lose money if, due to a decline in credit quality, the issuer, guarantor, or liquidity provider of a portfolio investment or a counterparty fails to make or is perceived as unable or unwilling to make timely principal or interest payments or otherwise honor its obligations. Even though the Fund’s investments in repurchase agreements are fully collateralized, there is some risk to the Fund if the other party defaults on its obligations and the Fund is delayed or prevented from recovering or disposing of the collateral. The credit quality of the Fund’s portfolio holdings can change rapidly in specific market environments, and any downgrade or default on the part of a single portfolio investment could cause the Fund’s share price or yield to fall. Certain U.S. government securities that the Fund invests in are not backed by the full faith and credit of the U.S. government, which means they are neither issued nor guaranteed by the U.S. Treasury. Although maintained in conservatorship by the Federal Housing Finance Agency (“FHFA”) since September 2008, Fannie Mae and Freddie Mac have only kept lines of credit with the U.S. Treasury. The Federal Home Loan Banks maintain limited access to credit lines from the U.S. Treasury. Other securities, such as obligations issued by the Federal Farm Credit Banks Funding Corporation, are supported solely by the issuer’s credit. There can be no assurance that the U.S. government will provide financial support to securities of its agencies and instrumentalities if it is not obligated to do so under law. Also, any government guarantees on securities the Fund owns do not extend to the shares of the Fund itself. Management Risk. The Fund is subject to management risk because it is an actively managed investment portfolio. The investment manager applies investment techniques and risk analyses in making investment decisions for the Fund, but there can be no guarantee that these decisions will produce the desired results. Interest Rate Risk. Interest rate risk is the risk that the value of a debt security may fall when interest rates rise. In general, the market price of debt securities with longer maturities will go up or down more in response to changes in interest rates than the market price of shorter-term securities. Due to fluctuations in interest rates, the market value of such securities may vary during the period shareholders own shares of the Fund. Very low or negative interest rates may magnify interest rate risk. During exceptionally low or negative interest rates, the Fund may be unable to maintain positive returns or pay dividends to Fund shareholders. Changing interest rates may have unpredictable effects on markets, result in heightened market volatility, and detract from the Fund’s ability to achieve its investment objective. Redemption Risk. The Fund may experience periods of heavy redemptions that could cause the Fund to liquidate its assets at inopportune times or incur a loss or depressed value, particularly during periods of declining or illiquid markets. Redemptions by a few large investors in the Fund may significantly affect the Fund’s ability to maintain a stable $1.00 share price. If any money market fund fails to maintain a stable net asset value, other money market funds, including the Fund, could face a market-wide risk of increased redemption pressures, potentially jeopardizing the stability of their $1.00 share prices. Money Market Regulatory Risk. Changes in government regulations may adversely affect the value of a security held by the Fund. These changes may result in reduced yields for money market funds, including the Fund, which may invest in other money market funds. The Securities and Exchange Commission (“SEC”) or other regulators may adopt additional money market fund reforms, impacting the Fund’s structure, operation, or performance. <p id="xdx_A87_eoef--RiskTextBlock_hoef--RiskAxis__custom--OtherInvestmentCompaniesMoneyMarketFundsRiskMember_zqGvxNNxGf17" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Other Investment Companies – Money Market Funds Risk. A money market fund may only invest in other investment companies that qualify as government money market funds under Rule 2a-7 of the 1940 Act. The risk of investing in such money market funds is that such money market funds may not comply with Rule 2a-7. You will pay a proportionate share of the expenses of those other investment companies (including management fees, administration fees, and custodial fees) in addition to the costs of the Fund. The investment policies of the other investment companies may not be the same as those of the Fund; as a result, an investment in the other investment companies may be subject to additional or different risks than those to which the Fund is typically subject. New Fund Risk. The Fund is relatively new and, as a result, carries specific risks inherent in unestablished mutual funds, including the chance that the performance of a new or smaller fund may not represent how the fund is expected to or may perform over the long term. In addition, new funds may not benefit from the same economies of scale, experience, or name recognition that larger, older funds might. If the Fund does not attract or maintain sufficient assets, its expense ratio may remain elevated and the Fund may not be viable over the long term. <p id="xdx_A84_eoef--RiskTextBlock_hoef--RiskAxis__custom--AppAndWebPortalDevelopmentRiskMember_zGDSKiXFfJAg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">App and Web Portal Development Risk. The Fund’s App, CERES Coin, is available on the Apple App Store, but the Android version of the App has not been approved for distribution on Google Play. The Web Portal is operating in a user-acceptance testing environment and has not been deployed to production. There is no assurance that the Android version of the App will be approved, or that the Web Portal will be deployed to production, on the expected timetable or at all. The peer-to-peer transfer functionality described under “Peer-to-Peer Transfer of Shares” is available only within the App or the Web Portal, and account statements and other communications may be delivered by traditional means. If the App or the Web Portal becomes unavailable because of a technology failure, cybersecurity incident, service-provider disruption, or blockchain network outage, investors may be unable to access account information or submit instructions through those channels and would need to transact directly with the transfer agent, which may delay processing of purchase, redemption, or transfer requests. Blockchain Networks Risk. The suitability of the blockchain networks (and their underlying blockchain ledgers) on which direct shareholders rely could decline due to various causes, adversely affecting the functionality of the shares and an investment in the Fund. Blockchain networks are based on software protocols that govern the peer-to-peer interactions between computers connected to these networks. The Solana public blockchain network will publicly retain a complete history of the share-ownership data recorded, updated, and reconciled on the sub-transfer agent’s shadow recordkeeping layer. All transactional data relating to share ownership—that is, the wallet addresses involved and the corresponding share-ownership entries, with the number of shares in each entry encrypted under the Confidential Transfers extension described below—is recorded by the sub-transfer agent on the blockchain, and all personally identifiable information relating to shareholders is maintained by the transfer agent and the sub-transfer agent in traditional databases off-chain. No personally identifiable information is recorded on the blockchain. Transactions on the blockchain are therefore associated only with pseudonymous wallet addresses; however, those addresses are linked to specific shareholders in the sub-transfer agent’s off-chain records. If a security breach or other unauthorized disclosure compromised the sub-transfer agent’s wallet-to-identity mapping, or if a shareholder’s wallet address otherwise became publicly associated with that shareholder, the public transaction history on the Solana network could be used to determine that shareholder’s complete investing history in the Fund. Risks Related to the Solana Network. As a public, permissionless Layer-1 blockchain, the Solana network presents a different risk profile than a private, permissioned network. The network is open to anyone with an internet connection and is maintained by a globally distributed set of independent validators outside the Fund’s and the sub-transfer agent’s control. Fund share transactions are recorded on a public ledger visible to all network participants, although transfers are restricted at the SPL token program level to whitelisted, KYC-verified wallets controlled by the sub-transfer agent. Share-ownership data is recorded and updated on the shadow recordkeeping layer using the SPL token program and related on-chain programs, which, like any software, may contain bugs, vulnerabilities, or design flaws that could result in failed transactions, incorrect balances, or temporary loss of access to Fund shares. Upgrades to the SPL token program or to the underlying Solana network software may introduce disruptions or compatibility issues affecting the recordkeeping system. Private and confidential shareholder information is maintained off-chain by the sub-transfer agent rather than on the Solana network, but remains subject to a risk of data leakage if not handled correctly by the sub-transfer agent or its service providers. From a technical perspective, additional risks include network congestion and full network outages (which Solana has experienced in the past and during which block production has halted for extended periods), validator concentration or simultaneous validator failure, and transaction reordering or censorship by block producers, including activity related to maximal extractable value (“MEV”). MEV refers to the profit that a validator or other block producer can capture by choosing which transactions to include in a block and in what order — for example, by placing its own transaction ahead of another participant’s transaction in order to benefit from the resulting price movement. Because updates to the Fund’s share-ownership data on the shadow recordkeeping layer may be recorded only between whitelisted, know-your-customer-verified wallet addresses, are not executed against an automated market maker or any other trading venue, and are not priced by reference to any on-chain market, the Fund does not believe MEV presents a meaningful risk of economic harm to shareholders. MEV activity by block producers could nonetheless contribute to network congestion or to the reordering or delayed inclusion of the sub-transfer agent’s recordkeeping transactions, which could delay the recording of share-ownership data on the shadow recordkeeping layer. Any such delay would not affect the shares a shareholder owns on the transfer agent’s official record, the Fund’s net asset value, or the price at which purchases, redemptions, or transfers are processed. The Solana network uses a Proof-of-History mechanism combined with a delegated Proof-of-Stake consensus model, and the Fund and the sub-transfer agent have no control over which entities operate validators or the stake distribution among them. Operation of programs on the Solana network requires payment of transaction fees denominated in SOL, the network’s native digital asset; the sub-transfer agent (or its affiliates) will pay these fees, and Fund investors will not be required to acquire or hold SOL. However, significant volatility in the price or availability of SOL, regulatory action affecting SOL (including any determination that SOL is a security under U.S. federal securities laws), or technical changes to the way fees are assessed could increase the sub-transfer agent’s operating costs or impair its ability to record transactions on the network. Blockchain Regulation Risk. New or changing laws and regulations or interpretations of existing laws and regulations may adversely impact the Fund’s ability to issue and redeem shares or otherwise make distributions to shareholders, any secondary market liquidity and market price of shares (should such secondary market liquidity be available in the future), shareholders’ ability to access or otherwise utilize an exchange or platform for trading of the shares (should such a platform or exchange exist in the future and such activity be permitted by the Fund), and the structure, rights and transferability of the shares held by. Various foreign jurisdictions may adopt laws, regulations, or directives that affect a blockchain network and its users, developers, and service providers that fall within such jurisdictions’ regulatory scope. Such laws, regulations, or directives may conflict with those of the United States or directly and negatively impact the Fund and its service providers. The effect of any future regulatory change is impossible to predict, but such change could be substantial and adverse to the shareholders, the Fund, and the Fund’s service providers. Cybersecurity Risk. Cybersecurity incidents, both intentional and unintentional, may allow an unauthorized party to gain access to Fund assets, Fund or customer data (including private shareholder information), or proprietary information, cause the Fund, the investment manager, authorized participants, or index providers (as applicable) and listing exchanges, or their service providers (including, but not limited to, Fund accountants, custodians, sub-custodians, transfer agents, and financial intermediaries) to suffer data breaches, data corruption or loss of operational functionality or prevent Fund investors from purchasing, redeeming shares or receiving distributions. The Fund’s service providers to the Fund have limited ability to prevent or mitigate cybersecurity incidents affecting third-party service providers, and such third-party service providers may have limited indemnification obligations to the Fund or its service providers. Cybersecurity incidents may result in financial losses to the Fund and its shareholders, and substantial costs may be incurred to prevent or mitigate future cybersecurity incidents. Issuers of securities in which the Fund invests are also subject to cybersecurity risks, and the value of these securities could decline if the issuers experience cybersecurity incidents. Because technology is frequently changing, new ways to carry out cyber-attacks are constantly developing. Therefore, there is a chance that some risks have not been identified or prepared for or that an attack may not be detected, which limits the Fund’s ability to plan for or respond to a cyber-attack. Like other funds and business enterprises, the Fund, the investment manager, and their service providers are subject to the risk of cyber incidents occurring from time to time. Performance. The bar chart below shows how the Fund’s investment results have varied yearly. The table below shows how the Fund’s average annual total returns compare over time to those of a broad-based securities market index. This information provides some indication of the risks of investing in the Fund. Past performance of the Fund does not necessarily indicate how it will perform in the future. Updated performance information will be available at no cost by calling (877) 244-6235 or visiting its website at www.m3sixtyfunds.com. This information provides some indication of the risks of investing in the Fund. Past performance of the Fund does not necessarily indicate how it will perform in the future. (877) 244-6235 www.m3sixtyfunds.com Year-by-Year Total Return (for periods ended December 31) <div id="xdx_A8C_eoef--BarChartTableTextBlock_zTRR3pCyjnjg"></div> <table cellpadding="0" cellspacing="0" id="xdx_A57_dU_zD48sV4SPtOd" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Annual Total Returns"> <tr style="vertical-align: top; text-align: left"> <td style="width: 50%"> </td> <td style="display: none; width: 50%; visibility: hidden"> </td></tr> <tr style="display: none; vertical-align: top; text-align: left; visibility: hidden"> <td style="display: none; visibility: hidden">2025</td> <td id="xdx_988_eoef--AnnlRtrPct_dp_c20250101__20251231__oef--ClassAxis__custom--C000248887Member_zgAJMCWXrTF" style="display: none; visibility: hidden" title="2023">3.36%</td></tr> </table> <img alt="" src="funds485bpos001.jpg"/> 0.0336 During the periods shown in the bar chart, the highest return for a quarter was 1.03% during the quarter ended September 30, 2025, and the lowest return for a quarter was 0.66% during the quarter ended June 30, 2025. highest return for a quarter 0.0103 2025-09-30 lowest return for a quarter 0.0066 2025-06-30 Average Annual Total Returns (for the periods ended December 31, 2025) <div id="xdx_A8D_eoef--PerformanceTableTextBlock_zlwEx3rQ2V3b"></div> <table cellpadding="0" cellspacing="0" id="xdx_A57_dU_zpoolEwClIn1" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Average Annual Total Returns"> <tr style="vertical-align: top"> <td style="border-bottom: Black 1pt solid; width: 64%; text-align: center; padding-left: 5pt"> </td> <td id="xdx_499_20250101__20251231_zi1KgTkABF4f" style="border-bottom: Black 1pt solid; width: 18%; text-align: center; padding-left: 5pt">One Year</td> <td id="xdx_49F_20241022__20251231_zxjKxiszjmHe" style="border-bottom: Black 1pt solid; width: 18%; text-align: center; padding-left: 5pt">Since Inception 10/22/2024</td></tr> <tr id="xdx_401_eoef--AvgAnnlRtrPct_hoef--ClassAxis__custom--C000248887Member_zSGrL9k61Rkd" style="vertical-align: top"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 5pt">M3Sixty Onchain U.S. Government Money Market Fund</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 5pt">3.36%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 5pt">3.37%</td></tr> <tr id="xdx_405_eoef--AvgAnnlRtrPct_hoef--PerformanceMeasureAxis__custom--MorningstarUS13MonthTreasuryBillGrowthUSDIndexMember_zNWrPbwcQmIh" style="vertical-align: top"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 5pt">Morningstar U.S. 1-3 Month Treasury Bill Growth USD Index1 (reflect no deduction for fees, expenses, or taxes)</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 5pt">4.29%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-left: 5pt">4.38%</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right">1</td><td style="width: 5pt"></td><td id="xdx_F12_zwjc2TdGerr3" style="text-align: justify">The Morningstar U.S. 1-3 Month Treasury Bill Growth USD Index measures the performance of fixed-rate, investment-grade U.S. Treasury Bills with 1-3 months remaining until maturity. The index is market-capitalization weighted. Indices do not reflect the deduction of fees, expenses, or taxes, and individuals cannot invest directly in any index.</td> </tr></table> 2024-10-22 0.0336 0.0337 (reflect no deduction for fees, expenses, or taxes) 0.0429 0.0438 The Fund has entered into a Sub-Transfer Agency Agreement with CERES Coin TA, LLC to perform various on-chain sub-transfer agency, registrar, and shareholder services on behalf of the Fund and its shareholders. M3Sixty Capital, LLC (the “Adviser”) has contractually agreed to reduce its fees and to reimburse expenses, at least through December 31, 2027, to ensure that total annual Fund operating expenses after fee waivers and reimbursements (exclusive of interest, borrowing expenses, distribution fees pursuant to Rule 12b-1 Plans, taxes, acquired fund fees and expenses, brokerage fees and commissions, dividend expenses on short sales, sub-transfer agency fees and other shareholder service fees, litigation expenses, expenditures which are capitalized in accordance with generally accepted accounting principles and, other extraordinary expenses not incurred in the ordinary course of such Fund’s business) will not exceed 0.78% of the Fund’s average daily net assets. These fee waivers and expense reimbursements are subject to recoupment from the Fund within three years of the date on which the waiver or reimbursement occurs, provided that the recoupment payments do not cause Total Annual Fund Operating Expenses (after the repayment is taken into account) to exceed (i) the expense limitation then in effect, if any, and (ii) the expense limitation in effect at the time the expenses to be repaid were incurred. This agreement may be terminated only by the Board of Trustees (the “Board”) on 60 days’ written notice to the Fund’s Adviser. The Morningstar U.S. 1-3 Month Treasury Bill Growth USD Index measures the performance of fixed-rate, investment-grade U.S. Treasury Bills with 1-3 months remaining until maturity. The index is market-capitalization weighted. Indices do not reflect the deduction of fees, expenses, or taxes, and individuals cannot invest directly in any index.