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Shareholder Letter Spring 2017

Dear Fellow Shareholders,

I’m delighted to announce that we’ve launched a sustainable investing fund: FundX Sustainable Impact Fund (SRIFX).

We’ve been working on this fund for a long time. I first started managing what were then called “socially responsible” portfolios for some of my clients about 20 years ago.

Sustainable investing has really changed in the last two decades. Today, it’s better known as sustainable responsible impact investing, and it’s one of the fastest growing areas of the investment world. It accounts for one in every five investment dollars under professional management in the U.S., according to the U.S. Forum on Sustainable Investing (USSIF).

There are many new investment opportunities as well. Previously, investors were limited to funds that self-identified as sustainable or socially responsible funds. Morningstar estimates that these funds make up just 2% of the fund universe. Today, there are new tools available that rate funds on sustainable criteria, and this gives investors many more funds to choose from. Click here to learn more about our Sustainable Impact Fund (SRIFX) and how it uses these new fund ratings.

Put high-yield bonds to work in your portfolio

Another hot topic these days is interest rates. One area of the bond market that could hold up if rates continue to rise gradually is high-yield bonds. But these are lower quality bonds, so they are best used carefully. Click here to get our tips.

Bridge the gap between stocks and bonds

With interest rates rising, bonds may produce lower returns than they have over the last 30 years, and this has led some investors to consider alternatives to the classic balance of stocks and bonds. We share what we call the new balanced portfolio here.

My team of portfolio managers and I are very grateful for your continued support, and we continue to work diligently to help you retire comfortably, reach your lifelong investment goals and navigate changing markets.

Janet Brown
President, FundX Investment Group

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