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With the FundX Upgrader Funds, you're invested in what we believe are the best performing mutual funds available - whatever the current market conditions. 
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FundX Upgrader Fund
(FUNDX)
FundX Aggressive
Upgrader Fund
(HOTFX)
FundX Conservative
Upgrader Fund

(RELAX)
FundX Flexible Income Fund (INCMX) FundX ETF Upgrader Fund
(REMIX)
FundX ETF Aggressive Upgrader Fund
(UNBOX)
FundX Tactical Upgrader Fund (TACTX) FundX Tactical Total Return Fund (TOTLX)

FundX ETF Upgrader Fund (REMIX)

The FundX ETF Upgrader Fund (REMIX - Inception 1/31/07) may be appropriate for long-term investors willing to accept an above average level of market risk associated with investing in a portfolio that depends largely on the value of common stock holdings.

REMIX consists primarily of funds categorized as Class 3, with the option of using choices from the other three risk classes for equity ETFs. For more information on fund classifications, click here

The ETF Upgrader Fund may not be appropriate for investors seeking regular income or stability of principal or those pursuing a short-term goal.

REMIX

The S&P 500 Index is a broad based unmanaged index of 500 stocks, which is widely recognized as representative of the equity market in general. You cannot invest directly in an index.

QTR End Fund Performance: Total Returns to 6/30/10
  12 mo Average
Annualized Return Since Inception 1/31/07

Cumulative Return
Since
Inception
(1/31/07)

Gross Expense Ratio * Net Expense Ratio
Fundx ETF Upgrader
13.52
-9.54
-28.95
2.53%
1.50%
S&P 500 Index
14.41
-7.31
-22.82
   

Current Fund Performance: Total Returns to 7/31/10
1 mo
3 mo
6 mo
YTD
12 mo
Average
Annualized Return
Cumulative Return Since
Inception
(1/31/07)
3 Years


Since
Inception
(1/31/07)

Fundx ETF Upgrader
6.21
-8.85
3.78
-0.97
10.24
-10.56
-7.74
-24.54
S&P 500 Index
7.00
-6.85
3.38
-0.29
13.58
-6.87
-5.36
-17.53

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 advisor has contractually agreed to reduce its fees and/or pay each Fund’s expenses for a period of at least ten years (three years for the ETF Upgrader Funds), and indefinitly thereafter. The figures shown represent the net expense ratios without Acquired Fund Fees and Expenses and are after the effects of fee waivers, recoupments and rebated fees.

FundX ETF Upgrader Fund (REMIX) Portfolio

Current Holdings: 7/31/10

Class 1 & 2    
iShrs C & S Realty Majo ICF 1.61%
iShrs S&P MidC 400 Gr IJK 1.58%
iShrs S&P SmCp 600 Gr IJT 1.51%
iShrs S&P SmCp 600 Idx IJR 0.77%
Market Vectors Gold Min GDX 2.14%
PowerShrs Hi Yld Div Ac PEY 0.96%
SPDR Gold Trust GLD 2.56%
SPDR S&P Emg Mkts SmCap EWX 0.74%
Vanguard Emerging Mkts VWO 0.93%
Vanguard REIT Idx ETF VNQ 1.35%
Vanguard Sm Cap Val ETF VBR 1.58%
Class 3    
Claymore/Sabrient Insid NFO 6.09%
Claymore/Zacks Multi-As CVY 6.40%
iShrs DJ Select Div Idx DVY 11.42%
iShrs Russell MidCp Val IWS 13.87%
iShrs S&P MidC 400 Val IJJ 9.96%
PowerShrs FTSE RAFI US PRF 9.81%
Rydex S&P Equal Weighte RSP 9.82%
S&P MidCap 400 SPDR MDY 10.18%
Class 4    
PowerShrs DB US Dollar UUP 1.37%
Bond Funds    
iShrs Barclays 7-10 Yrs IEF 1.56%
iShrs iBoxx $ Inv Grd C LQD 1.63%
SPDR Barclays Cap Hi Yl JNK 1.86%
Cash    
Cash CASH 0.30%
Total Class 1 & 2   15.73%
Total Class 3   77.55%
Total Class 4   1.37%
Total Bond Funds   5.05%
Total Cash   0.30%
Total # of Positions  
23

Fund holdings and/or sector allocations are subject to change at any time
and are not recommendations to buy or sell any security

FundX ETF Upgrader Fund (REMIX)

Ticker: REMIX Inception Date: Jan. 31, 2007
Minimum Investment: $1,000 ($1,000 for IRAs) Redemption Fee: 2% for shares sold in 7 days
Noload, no sales commissions, no transaction fees at most brokers. Expense Ratio: 1.5%

A Word about Risk -

The FundX ETF Upgrader Funds are considered “funds of funds”. Each of the ETF Upgrader Funds will bear its share of the fees and expenses of the underlying funds. Shareholders will pay higher expenses than would be the case if making direct investments in the underlying ETFs.

ETF Trading Risk – Because the Funds invest in ETFs, they 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 (“NAV”), 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.

Foreign - The Fund invests 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.

Small Company - The Fund invests in smaller companies, which involve additional risks such as limited liquidity and greater volatility.

Non-Diversified/Concentration - The Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings or sectors than a diversified fund. Therefore, the Fund is more exposed to individual issuer volatility than a diversified fund.

Short sales - The fund may make short sales of securities, which involves the risk that losses may exceed the original amount invested.

Interest rate/credit/high yield - Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investment by the Fund in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities.

While the fund is no-load, management and other expenses still apply. Please refer to the prospectus for further details.

 

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