FundX Flexible Income Fund
Name
As of 10/06/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$63 M
Holdings in Top 10
100.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.61%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 73.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/06/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
INCMX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.11%
- Dividend Yield 4.8%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameFundX Flexible Income Fund
-
Fund Family NameFund X
-
Inception DateSep 02, 2014
-
Shares Outstanding2892333
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMartin DeVault
Fund Description
Because markets change, the Advisor actively manages the Fund’s portfolio using a proprietary investment strategy called Upgrading, which seeks to capture global market trends. The Advisor invests in the Underlying Funds that it considers to be in sync with current market leadership. The Advisor sells an Underlying Fund when it believes that the Underlying Fund is no longer performing in sync with current market leadership or if a new Underlying Fund is judged more attractive than a current holding. |
Upgrading |
When a fund begins to lag its peers, the Advisor redeems the shares and directs the proceeds to a better performing alternative. The Advisor classifies the pool of Underlying Funds into five risk/return categories: 1.Sector Equity Underlying Funds 2.Aggressive Equity Underlying Funds 3.Core Equity Underlying Funds 4.Total Return Underlying Funds 5.Bond Underlying Funds |
Under normal market conditions, the Flexible Income Fund will invest predominately in Bond Underlying Funds of varying maturity, credit |
quality (including high-yield securities, or “junk bonds”) and regional exposure. The Fund attempts to take advantage of bond market leadership trends by targeting those areas of the bond market that are excelling in the current market environment. The Fund aims to control downside risk by limiting exposure to more volatile areas of the bond market. The Flexible Income Fund may purchase, without limit, shares of Underlying Funds that invest in domestic and international corporate or government bonds. |
Flexible Income Depending on the Advisor’s perception of the bond market, the Fund will shift among bond funds of varying maturity, credit quality and regional exposure. | See “More about the Funds’ Investment Objectives, Strategies and Risks – The Advisor’s Process for Classifying the Underlying Funds” for more information on this system. |
INCMX - Performance
Return Ranking - Trailing
Period | INCMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -11.2% | 16.2% | 85.63% |
1 Yr | N/A | -13.7% | 14.5% | 87.18% |
3 Yr | N/A* | -17.5% | 18.7% | 58.66% |
5 Yr | N/A* | -12.1% | 13.8% | 79.16% |
10 Yr | N/A* | -13.0% | 6.0% | 64.29% |
* Annualized
Return Ranking - Calendar
Period | INCMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -12.8% | -31.8% | 18.4% | 47.18% |
2022 | 2.8% | -26.6% | 25.7% | 3.78% |
2021 | -0.7% | -49.2% | 18.7% | 70.24% |
2020 | 2.8% | -35.1% | 15.3% | 74.36% |
2019 | -6.2% | -48.0% | 3.4% | 65.39% |
Total Return Ranking - Trailing
Period | INCMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -11.2% | 16.2% | 85.63% |
1 Yr | N/A | -13.7% | 14.5% | 87.18% |
3 Yr | N/A* | -17.5% | 18.7% | 58.66% |
5 Yr | N/A* | -12.1% | 13.8% | 79.16% |
10 Yr | N/A* | -13.0% | 6.0% | 62.36% |
* Annualized
Total Return Ranking - Calendar
Period | INCMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -10.9% | -31.8% | 21.1% | 65.30% |
2022 | 5.1% | -13.5% | 49.9% | 9.61% |
2021 | 1.4% | -28.6% | 24.1% | 81.29% |
2020 | 7.9% | -4.8% | 19.1% | 59.34% |
2019 | -2.8% | -37.3% | 8.0% | 69.22% |
NAV & Total Return History
INCMX - Holdings
Concentration Analysis
INCMX | Category Low | Category High | INCMX % Rank | |
---|---|---|---|---|
Net Assets | 63 M | 2.32 M | 127 B | 88.07% |
Number of Holdings | 9 | 3 | 11525 | 95.38% |
Net Assets in Top 10 | 63.6 M | -1.57 B | 47.7 B | 66.09% |
Weighting of Top 10 | 100.09% | 0.7% | 178.3% | 2.64% |
Top 10 Holdings
- Vanguard Intermediate-Term Bond ETF 22.04%
- iShares Broad USD Investment Grade Corporate Bond ETF 21.61%
- Osterweis Strategic Income Fund 11.93%
- Carillon Reams Unconstrained Bond Fund 11.86%
- Gateway Fund 11.42%
- Vanguard Total Bond Market ETF 10.13%
- Janus Henderson AAA CLO ETF 5.11%
- First Trust Senior Loan ETF 5.07%
- Fidelity Government Portfolio 0.91%
Asset Allocation
Weighting | Return Low | Return High | INCMX % Rank | |
---|---|---|---|---|
Stocks | 99.17% | -4.16% | 111.46% | 2.60% |
Convertible Bonds | 1.63% | 0.00% | 33.50% | 43.70% |
Cash | 0.91% | -94.66% | 258.91% | 82.25% |
Preferred Stocks | 0.00% | 0.00% | 29.97% | 81.24% |
Other | 0.00% | -57.67% | 100.00% | 77.92% |
Bonds | 0.00% | -150.81% | 194.41% | 95.38% |
Stock Sector Breakdown
Weighting | Return Low | Return High | INCMX % Rank | |
---|---|---|---|---|
Real Estate | 21.03% | 0.00% | 100.00% | 11.05% |
Technology | 18.38% | 0.00% | 29.61% | 10.00% |
Financial Services | 10.89% | 0.00% | 100.00% | 36.05% |
Healthcare | 10.12% | 0.00% | 100.00% | 10.79% |
Consumer Cyclical | 9.06% | 0.00% | 89.95% | 13.16% |
Industrials | 8.68% | 0.00% | 100.00% | 24.47% |
Consumer Defense | 6.70% | 0.00% | 99.97% | 16.84% |
Communication Services | 5.66% | 0.00% | 100.00% | 28.42% |
Energy | 4.20% | 0.00% | 100.00% | 60.26% |
Basic Materials | 2.77% | 0.00% | 100.00% | 24.74% |
Utilities | 2.52% | 0.00% | 100.00% | 28.95% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | INCMX % Rank | |
---|---|---|---|---|
US | 99.17% | -4.01% | 111.46% | 2.60% |
Non US | 0.00% | -0.15% | 17.73% | 73.59% |
INCMX - Expenses
Operational Fees
INCMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.61% | 0.01% | 35.38% | 32.85% |
Management Fee | 0.70% | 0.00% | 2.29% | 67.62% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.70% | 63.43% |
Sales Fees
INCMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
INCMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
INCMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 73.00% | 0.00% | 632.00% | 45.80% |
INCMX - Distributions
Dividend Yield Analysis
INCMX | Category Low | Category High | INCMX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.79% | 0.00% | 17.69% | 94.13% |
Dividend Distribution Analysis
INCMX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | SemiAnnual | Monthly | Monthly |
Net Income Ratio Analysis
INCMX | Category Low | Category High | INCMX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.11% | -1.55% | 11.51% | 76.21% |
Capital Gain Distribution Analysis
INCMX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jan 03, 2022 | $0.645 | OrdinaryDividend |
Jan 04, 2021 | $0.618 | OrdinaryDividend |
Jan 02, 2020 | $0.577 | OrdinaryDividend |
Jan 02, 2019 | $1.322 | OrdinaryDividend |
Jan 02, 2018 | $1.023 | OrdinaryDividend |
Jan 03, 2017 | $0.748 | OrdinaryDividend |
Jan 04, 2016 | $1.246 | OrdinaryDividend |
INCMX - Fund Manager Analysis
Managers
Martin DeVault
Start Date
Tenure
Tenure Rank
Jul 01, 2002
19.93
19.9%
Martin DeVault is Principal and Portfolio Manager with FundX Investment Group, LLC since 1992.
Janet Brown
Start Date
Tenure
Tenure Rank
Jul 01, 2002
19.93
19.9%
Janet Brown is a president and portfolio manager with FundX Investment Group, LLC since 1978.
Sean McKeon
Start Date
Tenure
Tenure Rank
Jul 01, 2002
19.93
19.9%
McKeon is principal and portfolio manager with FundX Investment Group, LLC since 1990.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 28.19 | 5.72 | 3.19 |