0001319067 2026-09-28 2026-09-28 0001319067 mcscx:S000080760Member 2026-09-28 2026-09-28 0001319067 mcscx:S000080760Member mcscx:EquityRiskMember 2026-09-28 2026-09-28 0001319067 mcscx:S000080760Member mcscx:SmallCapitalizationCompanyRiskMember 2026-09-28 2026-09-28 0001319067 mcscx:S000080760Member mcscx:GrowthCompanyRiskMember 2026-09-28 2026-09-28 0001319067 mcscx:S000080760Member mcscx:IssuerRiskMember 2026-09-28 2026-09-28 0001319067 mcscx:S000080760Member mcscx:ManagementRiskMember 2026-09-28 2026-09-28 0001319067 mcscx:C000243293Member 2026-09-28 2026-09-28 0001319067 mcscx:S000080760Member oef:RiskLoseMoneyMember 2026-09-28 2026-09-28 0001319067 mcscx:C000243293Member 2024-01-01 2024-12-31 0001319067 mcscx:C000243293Member 2025-01-01 2025-12-31 0001319067 mcscx:C000243293Member 2023-06-28 2025-12-31 0001319067 mcscx:C000243293Member oef:AfterTaxesOnDistributionsMember 2025-01-01 2025-12-31 0001319067 mcscx:C000243293Member oef:AfterTaxesOnDistributionsMember 2023-06-28 2025-12-31 0001319067 mcscx:C000243293Member oef:AfterTaxesOnDistributionsAndSalesMember 2025-01-01 2025-12-31 0001319067 mcscx:C000243293Member oef:AfterTaxesOnDistributionsAndSalesMember 2023-06-28 2025-12-31 0001319067 mcscx:Russell2000GrowthTotalReturnIndexMember 2025-01-01 2025-12-31 0001319067 mcscx:Russell2000GrowthTotalReturnIndexMember 2023-06-28 2025-12-31 iso4217:USD pure false 485BPOS 0001319067 2026-09-28 N-1A 360 FUNDS 2026-09-28 SUMMARY OF M3SIXTY SMALL CAP GROWTH FUND Investment Objective. The investment objective of the M3Sixty Small Cap Growth Fund (the “Fund”) is to seek long-term capital appreciation over a complete market cycle. Fees and Expenses of the Fund. This table describes the fees and expenses you may pay if you buy, hold, and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below. <div id="xdx_A85_eoef--ShareholderFeesTableTextBlock_zNLmtLb2pg13"></div> <table cellpadding="0" cellspacing="0" id="xdx_A50_dU_zeUP9hhK6dB6" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Shareholder Fees"> <tr> <td style="padding: 1.5pt; vertical-align: top; width: 90%"> </td> <td id="xdx_495_20260928__20260928__oef--ClassAxis__custom--C000243293Member_zkxxSeciNiW6" style="border-bottom: black 1pt solid; padding: 1.5pt; vertical-align: bottom; width: 10%">Institutional Class shares</td></tr> <tr id="xdx_400_eoef--ShareholderFeeOther_dn_zqrOd5iXAP3f" style="background-color: gainsboro"> <td id="xdx_988_eoef--ShareholderFeesCaption_c20260928__20260928__dei--LegalEntityAxis__custom--S000080760Member_z1K8RjvhqPYj" style="padding: 1.5pt 1.5pt 1.5pt 9pt; vertical-align: top; text-align: justify; text-indent: -9pt">Shareholder Fees (fees paid directly from your investment) </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: center">None</td></tr> </table> Shareholder Fees (fees paid directly from your investment) 0 <div id="xdx_A82_eoef--AnnualFundOperatingExpensesTableTextBlock_zcvB18WzKEJd"></div> <table cellpadding="0" cellspacing="0" id="xdx_A55_dU_zzyhT9d79Qwi" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Annual Fund Operating Expenses"> <tr> <td id="xdx_98D_eoef--OperatingExpensesCaption_c20260928__20260928__dei--LegalEntityAxis__custom--S000080760Member_z43vKtpZIU5f" style="padding: 1.5pt; vertical-align: top; width: 90%">Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)</td> <td id="xdx_495_20260928__20260928__oef--ClassAxis__custom--C000243293Member_zvZdF9s102w9" style="border-bottom: black 1pt solid; padding: 1.5pt; vertical-align: bottom; text-align: center; width: 10%"> </td></tr> <tr id="xdx_409_eoef--ManagementFeesOverAssets_dpn_zj9BLZuLAVw5" style="background-color: gainsboro"> <td style="padding: 1.5pt 1.5pt 1.5pt 9pt; vertical-align: top; text-align: justify; text-indent: -9pt">Management Fees </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: center">0.80%</td></tr> <tr id="xdx_409_eoef--DistributionAndService12b1FeesOverAssets_dpn_zN8cZN9Iwoak" style="background-color: white"> <td style="padding: 1.5pt 1.5pt 1.5pt 9pt; vertical-align: top; text-align: justify; text-indent: -9pt">Distribution and Service (12b-1) Fees </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: center">None</td></tr> <tr id="xdx_409_eoef--Component1OtherExpensesOverAssets_dpn_zyxeUxyTDzI" style="background-color: white"> <td style="padding: 1.5pt 1.5pt 1.5pt 9pt; vertical-align: top; text-align: justify; text-indent: -9pt">Shareholder Services Fee</td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: center">0.15%</td></tr> <tr id="xdx_409_eoef--Component2OtherExpensesOverAssets_dpn_zV4IDsyECyWi" style="background-color: gainsboro"> <td style="padding: 1.5pt 1.5pt 1.5pt 9pt; vertical-align: top; text-align: justify; text-indent: -9pt">Other Expenses </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: center">1.72%</td></tr> <tr id="xdx_403_eoef--ExpensesOverAssets_dpn_ztYIwV7fg5q9" style="background-color: white"> <td style="padding: 1.5pt 1.5pt 1.5pt 9pt; vertical-align: top; text-align: justify; text-indent: -9pt">Total Annual Fund Operating Expenses </td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: center">2.67%</td></tr> <tr id="xdx_40B_eoef--FeeWaiverOrReimbursementOverAssets_dpn_zrfkjvgMIACl" style="background-color: white"> <td style="padding: 1.5pt 1.5pt 1.5pt 9pt; vertical-align: top; text-align: justify; text-indent: -9pt">Fee Waiver and/or Expense Reimbursement1</td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: center">(1.68)%</td></tr> <tr id="xdx_400_eoef--NetExpensesOverAssets_dpn_zIEj1mHxK0Ze" style="background-color: white"> <td style="padding: 1.5pt 1.5pt 1.5pt 9pt; vertical-align: top; text-align: justify; text-indent: -9pt">Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement</td> <td style="padding: 1.5pt; vertical-align: bottom; text-align: center">0.99%</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 style="text-align: justify">M3Sixty Capital, LLC (the “Adviser”) has contractually agreed to reduce its fees and to reimburse expenses, at least through September 30, 2027, to ensure that total annual Fund operating expenses after fee waivers and reimbursements (exclusive of interest, borrowing expenses, distribution fees under Rule 12b-1 Plans, taxes, acquired fund fees and expenses, brokerage fees and commissions, dividend expenses on short sales, litigation expenses, expenditures which are capitalized following generally accepted accounting principles and, other extraordinary expenses not incurred in the ordinary course of such Fund’s business) will not exceed 0.99% of the average daily net assets of the Fund. 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) 0.0080 0 0.0015 0.0172 0.0267 -0.0168 0.0099 September 30, 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 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, the Fund’s operating expenses remain the same, and the contractual agreement to limit expenses remains in effect through September 30, 2027. Although your actual costs may be higher or lower, based on these assumptions, your cost would be: <div id="xdx_A8D_eoef--ExpenseExampleWithRedemptionTableTextBlock_z98nf4SpvU33"></div> <table cellpadding="0" cellspacing="0" id="xdx_A5A_dU_zYlayjgzNdRf" style="font: 10pt Times New Roman, Times, Serif; width: 80%; border-collapse: collapse" summary="xdx: Disclosure - Expense Example"> <tr style="vertical-align: top"> <td style="padding: 0; width: 20%; text-indent: 0">Period Invested</td> <td id="xdx_48D_eoef--ExpenseExampleYear01_zaJeHOXjMRe" style="padding: 0; width: 15%; text-align: center">1 Year</td> <td id="xdx_48D_eoef--ExpenseExampleYear03_zmAlsklO7TRb" style="padding: 0; width: 15%; text-align: center">3 Years</td> <td id="xdx_481_eoef--ExpenseExampleYear05_zl8N9X0hrB1d" style="padding: 0; width: 15%; text-align: center">5 Years</td> <td id="xdx_48F_eoef--ExpenseExampleYear10_zPkj6CqmmN0b" style="padding: 0; width: 15%; text-align: center">10 Years</td></tr> <tr id="xdx_410_20260928__20260928__oef--ClassAxis__custom--C000243293Member_zeA1OfIrYdrc" style="vertical-align: top"> <td style="padding: 0; text-indent: 0">Institutional Class</td> <td style="padding: 0; text-align: center">$101</td> <td style="padding: 0; text-align: center">$669</td> <td style="padding: 0; text-align: center">$1,265</td> <td style="padding: 0; text-align: center">$2,878</td></tr> </table> 101 669 1265 2878 Portfolio Turnover. The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the example, affect the Fund’s performance. For the fiscal year ended May 31, 2026, the Fund’s portfolio turnover rate was 32% of the average value of its portfolio. 0.32 Principal Investment Strategy of the Fund. The Fund’s adviser, M3Sixty Capital, LLC (the “Adviser”), delegates the daily management of the Fund’s assets to Bridge City Capital, LLC (the “Sub-Adviser”). The Adviser is responsible for the overall management of the Fund and overseeing the Fund’s sub-adviser. Under normal circumstances, the Fund seeks to achieve its investment objective by investing at least 80% of its net assets (plus borrowings for investment purposes) in equity securities of small capitalization growth companies. The Fund defines: <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">“small capitalization” companies as issuers whose market capitalization is within the same market capitalization range as companies listed in the Russell 2000® Growth Index, which is subject to change over time. As of June 30, 2026, the median market capitalization of the companies in the Russell 2000® Growth Index was $1.559 billion, with the highest market capitalization being $13.4 billion.</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">“growth” as investments with above-average growth rates (high growth rates for revenue, earnings, expanding margins, and/or cash flow) as compared to their industry or the overall market, as determined by the Sub-Adviser.</td></tr></table> The Fund will invest primarily in U.S. common stocks that the Sub-Adviser believes have clear indicators of future potential for earnings growth, or that demonstrate other potential for growth of capital. In selecting companies for the Fund’s portfolio, the Sub-Adviser uses a bottom-up approach to select what it believes are quality companies with proven track records, strong financial characteristics, and above-average growth prospects at attractive valuations that lead to strong relative returns over a complete market cycle. The Sub-Adviser may sell or reduce its position in a security for a variety of reasons when appropriate and consistent with the Fund’s investment objectives and policies, which may include, but are not limited to, when the security: (i) position exceeds the Sub-Adviser’s internal position limit of 3% of the Fund’s market value; (ii) exceeds the Sub-Adviser’s internal market capitalization limit; or (iii) is no longer considered appropriate for the Fund based on a change in financial condition, management team, or other factor that either reduces the security’s overall score within the Sub-Adviser’s research and screening process or the Sub-Adviser’s conviction in the holding. Under normal circumstances, the Fund seeks to achieve its investment objective by investing at least 80% of its net assets (plus borrowings for investment purposes) in equity securities of small capitalization growth companies. An investment in the Fund is subject to investment risks, including the possible loss of some or all of the principal amount invested. <div id="xdx_A88_eoef--RiskTextBlock_hoef--RiskAxis__custom--EquityRiskMember_zFjwI0C7SYTh"></div> <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">●</td><td style="text-align: justify; padding-right: 10.7pt">Equity Risk. The value of equity securities may decline due to general market conditions not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, or adverse investor sentiment generally. The value of a company’s common stock may fall because of factors affecting a company, companies in the same industry or sector, or the financial markets overall. Common stock generally is subordinate to preferred stock upon the liquidation or bankruptcy of the issuing company. Preferred stock may be subject to liquidity risks.</td></tr></table> <div id="xdx_A84_eoef--RiskTextBlock_hoef--RiskAxis__custom--SmallCapitalizationCompanyRiskMember_zdHyvgDklcG7"></div> <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">●</td><td style="text-align: justify; padding-right: 0.15in">Small Capitalization Company Risk. The Fund is subject to the risk that securities of small capitalization companies may underperform other segments of the equity market or the equity market. Investing in the securities of small capitalization companies involves greater risk and the possibility of greater price volatility than investing in larger capitalization and more established companies. Because smaller companies may have inexperienced management and limited operating history, product lines, market diversification and financial resources, the securities of these companies may be more speculative, volatile and less liquid than securities of larger companies, and they can be particularly sensitive to expected changes in interest rates, borrowing costs and earnings or other adverse developments.</td></tr></table> <div id="xdx_A8C_eoef--RiskTextBlock_hoef--RiskAxis__custom--GrowthCompanyRiskMember_zhiVgZqrXg0h"></div> <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">●</td><td style="text-align: justify; padding-right: 0.15in">Growth Company Risk. Securities of growth companies can be more sensitive to the company’s earnings and more volatile than the market in general. Growth stocks may also fall out of favor and may underperform relative to the overall equity market at times.</td></tr></table> <div id="xdx_A89_eoef--RiskTextBlock_hoef--RiskAxis__custom--IssuerRiskMember_z89K0LdTXt01"></div> <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">●</td><td style="text-align: justify; padding-right: 10.85pt">Issuer Risk. The value of a security may decline or fail to reach the anticipated growth potential for a number of reasons related to the issue, such as management performance, financial leverage and reduced demand for the issuer’s goods or services, as well as the historical and prospective earnings of the issuer and the value of its assets.</td></tr></table> <div id="xdx_A87_eoef--RiskTextBlock_hoef--RiskAxis__custom--ManagementRiskMember_zYS4sb0EZg0i"></div> <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">●</td><td style="text-align: justify; padding-right: 10.75pt">Management Risk. The investment techniques and risk analyses applied by the Sub-Adviser may not produce the desired results or expected returns, causing the Fund to fail to meet its investment objective or underperform its benchmark index or funds with similar investment objectives and strategies. Active trading may result in higher brokerage costs or mark-up charges, which are ultimately passed on to shareholders of the Fund. Active trading may also result in adverse tax consequences.</td></tr></table> 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 is available at no cost by calling (877) 244-6235 or visiting its website at www.m3sixtyfunds.com. The bar chart below shows how the Fund’s investment results have varied yearly. 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_A85_eoef--BarChartTableTextBlock_zJooIZeGqPuj"></div> <table cellpadding="0" cellspacing="0" id="xdx_A56_dU_zOghVjqptQT4" style="font: 10pt Times New Roman, Times, Serif; display: none; border-collapse: collapse; width: 100%; visibility: hidden" summary="xdx: Disclosure - Annual Total Returns"> <tr style="display: none; vertical-align: top; text-align: left; visibility: hidden"> <td style="display: none; width: 50%; visibility: hidden"> </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">2024</td> <td id="xdx_985_eoef--AnnlRtrPct_dp_c20240101__20241231__oef--ClassAxis__custom--C000243293Member_zCNBLQ7wS9F5" style="display: none; visibility: hidden" title="2023">10.70%</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_984_eoef--AnnlRtrPct_dp_c20250101__20251231__oef--ClassAxis__custom--C000243293Member_zYFRHnkMM7j1" style="display: none; visibility: hidden" title="2023">3.96%</td></tr> </table> <img alt="" src="m3sixty485bpos001.jpg"/> 0.1070 0.0396 The Fund’s year-to-date return as of June 30, 2026, was 27.48%. During the periods shown in the bar chart, the highest return for a quarter was 9.30% during the quarter ended September 30, 2024, and the lowest return for a quarter was (10.97)% during the quarter ended March 31, 2025. year-to-date return 2026-06-30 0.2748 highest return for a quarter 0.0930 2024-09-30 lowest return for a quarter -0.1097 2025-03-31 Average Annual Total Returns (for the periods ended December 31, 2025) <div id="xdx_A88_eoef--PerformanceTableTextBlock_zsU9eULpVaA8"></div> <table cellpadding="0" cellspacing="0" id="xdx_A59_dU_zvXyNuo9kT9i" 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: Black 1pt solid; padding-left: 5.4pt; vertical-align: bottom; width: 64%; padding-right: 5.4pt; text-align: center">M3Sixty Small Cap Growth Fund</td> <td id="xdx_493_20250101__20251231_zZtJF9dRvsg" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 5.4pt; vertical-align: bottom; width: 18%; padding-right: 5.4pt; text-align: center">One Year</td> <td id="xdx_494_20230628__20251231_zriWfra8NFCa" style="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 5.4pt; vertical-align: bottom; width: 18%; padding-right: 5.4pt; text-align: center">Since Inception 06/28/2023</td></tr> <tr id="xdx_40A_eoef--AvgAnnlRtrPct_hoef--ClassAxis__custom--C000243293Member_zRANvYmbNO6i" style="vertical-align: top"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 5.4pt; padding-right: 5.4pt">Return Before Taxes</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt; text-align: center">3.96%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt; text-align: center">7.79%</td></tr> <tr id="xdx_40B_eoef--AvgAnnlRtrPct_hoef--ClassAxis__custom--C000243293Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsMember_zjn0rORG6lVj" style="vertical-align: top"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 5.4pt; padding-right: 5.4pt">Return After Taxes on Distributions</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt; text-align: center">3.49%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt; text-align: center">6.84%</td></tr> <tr id="xdx_405_eoef--AvgAnnlRtrPct_hoef--ClassAxis__custom--C000243293Member__oef--PerformanceMeasureAxis__oef--AfterTaxesOnDistributionsAndSalesMember_zNAmdEZoFBP4" style="vertical-align: top"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 5.4pt; padding-right: 5.4pt">Return After Taxes on Distributions and Sale of Fund Shares</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt; text-align: center">2.90%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; padding-left: 5.4pt; padding-right: 5.4pt; text-align: center">5.96%</td></tr> <tr id="xdx_40C_eoef--AvgAnnlRtrPct_hoef--PerformanceMeasureAxis__custom--Russell2000GrowthTotalReturnIndexMember_zWmrMkpiltK2" style="vertical-align: top"> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">Russell 2000® Growth Total Return Index (reflects no deduction for fees, expenses, or taxes)</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"> 13.01%</td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom"> 13.86%</td></tr> </table> 2023-06-28 0.0396 0.0779 0.0349 0.0684 0.0290 0.0596 (reflects no deduction for fees, expenses, or taxes) 0.1301 0.1386 After-tax returns are calculated using the historical highest individual federal income tax rates in effect as of December 31, 2025, and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts (“IRAs”). After-tax returns are calculated using the historical highest individual federal income tax rates in effect as of December 31, 2025, and do not reflect the impact of state and local taxes. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts (“IRAs”). M3Sixty Capital, LLC (the “Adviser”) has contractually agreed to reduce its fees and to reimburse expenses, at least through September 30, 2027, to ensure that total annual Fund operating expenses after fee waivers and reimbursements (exclusive of interest, borrowing expenses, distribution fees under Rule 12b-1 Plans, taxes, acquired fund fees and expenses, brokerage fees and commissions, dividend expenses on short sales, litigation expenses, expenditures which are capitalized following generally accepted accounting principles and, other extraordinary expenses not incurred in the ordinary course of such Fund’s business) will not exceed 0.99% of the average daily net assets of the Fund. 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.