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The Flexible Total Return Fund (TOTLX) is designed for investors who seek steady returns with dampened volatility. TOTLX invests in a mix of bond and total-return funds, targeting those areas excelling the in the current market environment.
TOTLX is less constrained than our Flexible Income approach: it doesn’t cap exposure to total-return funds, like balanced funds and alternative funds. If these funds are doing well, the Fund may have substantial exposure to them.
This chart illustrates the performance of a hypothetical $10,000 investment made in the Fund Since Inception through the period ending 9/30/2016. It assumes reinvestment of dividends and capital gains, but does not reflect the effect of any applicable sales charge or redemption fees. This chart does not imply any future performance. The Barclay’s Aggregrate Bond Index is a market-capitalization-weighted index of investment-grade fixed-rate debt issues, including government, corporate, asset-backed, and mortgage-backed securities, with maturities of at least one year. Morningstar Multialternative funds have a majority of their assets exposed to several different alternative strategies. You cannot invest directly in an index.
|1 Yr||5 Yrs||10 Yrs||Since Inception 05/29/09|
|1 Mo||3 Mo||6 Mo||YTD||1 Yr||5 Yrs||10 Yrs||Since Inception Average Annualized Return|
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data quoted is current to the most recent month end. Returns shown are cumulative, unless otherwise noted.
Fund holdings are subject to change at any time and are not recommendations to buy or sell any of the underlying funds.
References to other mutual funds should not be considered an offer of these securities.
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Mutual fund investing involves risk. Principal loss is possible. The FundX Upgrader Funds (“Funds") are considered “funds of funds” and an investor will indirectly bear the principal risks and its share of the fees and expenses of the underlying funds. Shareholders will pay higher expenses than they would if they invested directly in the underlying funds. The Funds employ an “Upgrading” strategy whereby investment decisions are based on near-term performance, however, the Funds may be exposed to the risk of buying underlying funds immediately following a sudden, brief surge in performance that may be followed by a subsequent drop in market value. The Funds invest in underlying funds and the underlying funds in HOTFX, FUNDX, RELAX, TACTX and TOTLX may invest in securities of small companies, which involve greater volatility than investing in larger, more established companies. The underlying funds may invest in foreign securities, which involve greater volatility and political, economic and currency risks and differences in accounting methods; these risks are greater for investments in emerging markets. The underlying funds in INCMX, RELAX and TOTLX may invest in debt securities, which typically decrease in value when interest rates rise; this risk is usually greater for longer-term debt securities. Lower-rated and non-rated securities present a greater risk of loss to principal and interest than higher rated securities. The underlying funds in FUNDX, HOTFX, TACTX and TOTLX may engage in short sales; an underlying fund’s investment performance may suffer if it is required to close out a short position earlier than intended. Some underlying funds may borrow money for leveraging and will incur interest expense. Some underlying funds may use derivatives, which involve risks different from, and in certain cases, greater than the risks presented by more traditional investments. ETFs are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF’s shares may trade at a discount to its net asset value, an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a Fund’s ability to sell its shares. The underlying funds in TOTLX may invest in asset-backed and mortgage-backed securities, which involve additional risks such as credit risk, prepayment risk, possible illiquidity and default, and increased susceptibility to adverse economic developments.
Past performance does not guarantee future results. While the Funds are no-load, management fees and other expenses will apply. The Fund is offered only to United States residents, and information on this site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of the Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction. Before you invest in the FundX Funds, please refer to the prospectus for important information about the investment company, including investment objectives, risks, charges and expenses. You may also obtain a prospectus by calling 866-455-3863. The prospectus should be read carefully before you invest or send money.
The FundX Upgrader Funds are distributed by Quasar Distributors, LLC.