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Flexible Income Fund

The Flexible Income Fund (INCMX) gives you a flexible approach to fixed income investing. With INCMX, you'll own a full portfolio of bond and total-return funds that adapts to changing bond markets, including changing interest rates. INCMX is designed for investors who seek the stability of fixed income and a buffer against the volatility of stocks.

Inception date

07/01/02

Invest directly or at major brokers

Minimum Investment

$1,000

No load
No redemption fee

Fund facts

Top holdings

as of 01/31/2019

Merger Fund I
MERIX
14.90
PIMCO Enhanced Short Mat Active
MINT
11.40
iShrs Core US Agg Bond
AGG
11.00
Thompson Bond
THOPX
11.00
Janus Hendrsn Short Duration
VNLA
10.40
DoubleLine Total Return Instl
DBLTX
9.90
Guggenheim Total Return Bond I
GIBIX
9.90
PIMCO Intl Bond USD Hedged I
PFORX
9.90
JPMorgan Ultra Sht Inc
JPST
5.40
Vanguard Total Intl Bond ETF
BNDX
5.20
View more
Cash
CASH
1.00

Fixed Income Allocation

as of 01/31/2019

Intermediate Term Bonds
30.80%
Ultra Short Bonds
27.20%
World Bonds
15.10%
Low Volatility Equity
14.90%
Strategic Bonds
11.00%

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.

This chart illustrates the performance of a hypothetical $10,000 investment made in the Fund for the period ending 01/31/2019. 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.

Month End
Performance % to 01/31/2019 1 Mo YTD 1 Yr
INCMX 1.26 1.26 -1.93
Barc Agg Bond Index 1.84 0.01 0.01
Gross expense ratio 1.70%
Net expense ratio 1.71%

(includes underlying fund expenses)
The advisor has contractually agreed to a fee waiver through January 31, 2020.

Quarter End
Performance % to 12/31/2018 1 Yr 5 Yrs 10 Yrs Annualized Cumulative
INCMX -2.81 2.08 3.86 4.62 110.63
Barc Agg Bond Index 0.01 2.52 3.48 4.14 95.25
Top holdings

as of 01/31/2019

Merger Fund I
MERIX
14.90
PIMCO Enhanced Short Mat Active
MINT
11.40
iShrs Core US Agg Bond
AGG
11.00
Thompson Bond
THOPX
11.00
Janus Hendrsn Short Duration
VNLA
10.40
DoubleLine Total Return Instl
DBLTX
9.90
Guggenheim Total Return Bond I
GIBIX
9.90
PIMCO Intl Bond USD Hedged I
PFORX
9.90
JPMorgan Ultra Sht Inc
JPST
5.40
Vanguard Total Intl Bond ETF
BNDX
5.20
Cash
CASH
1.00

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.

Fixed Income Allocation

as of 01/31/2019

Intermediate Term Bonds
30.80%
Ultra Short Bonds
27.20%
World Bonds
15.10%
Low Volatility Equity
14.90%
Strategic Bonds
11.00%
Month End
Performance % to 01/31/2019 1 Mo YTD 1 Yr
INCMX 1.26 1.26 -1.93
Barc Agg Bond Index 1.84 0.01 0.01
Gross expense ratio 1.70%
Net expense ratio 1.71%

(includes underlying fund expenses)
The advisor has contractually agreed to a fee waiver through January 31, 2020.

Quarter End
Performance % to 12/31/2018 1 Yr 5 Yrs 10 Yrs Annualized Cumulative
INCMX -2.81 2.08 3.86 4.62 110.63
Barc Agg Bond Index 0.01 2.52 3.48 4.14 95.25
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.

The Bloomberg Barclay's Aggregate 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. You cannot invest directly in an index.

How to Invest

Available at Charles Schwab, Fidelity, Etrade, TD Ameritrade and Vanguard.
Minimum investment: $1,000