Fund Evaluator:

M3Sixty Income and Opportunity A Overview

M3Sixty Income and Opportunity A (HROAX) is an actively managed Nontraditional Equity Derivative Income fund. M3Sixty launched the fund in 2016.

The investment seeks total return comprised of income and capital appreciation. The fund's investment objective is total return comprised of income and capital appreciation. To meet its investment objective, it will invest primarily in domestic equity securities that in the opinion of the manager have above average intellectual property portfolios and other characteristics, like strong earnings and dividend growth relative to their sector competitors and that are members of the S&P 1500 Composite. It is non-diversified.

About M3Sixty Income and Opportunity A (HROAX)

There are 1 members of the management team with an average tenure of 1.91 years: Vincent du Vigneaud (2024). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. M3Sixty Income and Opportunity A has 34 securities in its portfolio. The top 10 holdings constitute 49.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

M3Sixty Income and Opportunity A is part of the Equity global asset class and is within the Nontraditional Equity fund group. M3Sixty Income and Opportunity A has 21.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 63.8%. There is 21.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 5.9% (5.9% domestic bond, 0.0% foreign bond and 0.0% convertible bond). M3Sixty Income and Opportunity A has 9.2% of the portfolio in cash.

Assets Under Management

The fund has $59 million in total assets, which is below the $233 million average for the Derivative Income category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

HROAX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The M3Sixty Income and Opportunity A expense ratio is high compared to funds in the Derivative Income category. M3Sixty Income and Opportunity A has an expense ratio of 2.28%, which is 103% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. M3Sixty Income and Opportunity A has a portfolio turnover rate of 141%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 114% for the Derivative Income category.

Recently, in the month of July 2026, M3Sixty Income and Opportunity A returned 1.7%, which earned it a grade of C, as the Derivative Income category had an average return of 1.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

M3Sixty Income and Opportunity A has a trailing yield of 0.00%, which is below the 4.47% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

M3Sixty Income and Opportunity A Grades

Year to date, the fund has returned -3.1%, 11.1 percentage points worse than the category, which translates into a grade of F. The fund has returned -2.7% over the past year (grade of F), 7.8% over the past three years (grade of F) and 3.1% per year over the past five years (grade of F) and 5.2% per year over the past 10 years (grade of F).

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