Performance - Quarter-End Returns

Average Annualized Total Returns Period Ending Mar 31, 2012

  1 Yr 5 Yr 10 Yr Since Inception Inception Date
FundX Upgrader Fund -1.83 -1.26 4.83 5.96 11/1/01
FundX Aggressive Upgrader -2.25 -0.94 N/A 7.32 7/1/02
FundX Conservative Upgrader -1.09 1.16 6.27 7/1/02
FundX Flexible Income 0.85 4.43 5.85 7/1/02
FundX ETF Aggressive Upgrader -6.75 -0.15 -0.21 1/31/07
FundX ETF Upgrader Fund -1.20 -2.11 -1.87 1/31/07
FundX Tactical Upgrader 4.22 N/A -5.52 2/29/08
FundX Tactical Total Return 2.46 5.33 5/29/09
Expense Ratios Gross Net
FundX Upgrader Fund 1.83% 1.23%
FundX Aggressive Upgrader 1.86% 1.30%
FundX Conservative Upgrader 1.97% 1.31%
FundX Flexible Income 1.58% 0.92%
FundX ETF Aggressive Upgrader 1.85% 1.50%
FundX ETF Upgrader Fund 2.69% 1.50%
FundX Tactical Upgrader 1.63% 1.44%
FundX Tactical Total Return 3.32% 1.50%

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. Performance data shown does not reflect the 2.00% redemption fee imposed on shares held less than 30 days. If it did, total returns would be reduced. (There is no redemption fee for the FundX ETF Upgrader Funds (REMIX and UNBOX)).
The net expense ratios for the ETF Aggressive Updgrader Fund, the ETF Upgrader Fund and the Tactical Total Return Fund reflect contractual fee waivers through February 28, 2012 and do not include Acquired Fund Fees and Expenses, Interest Expenses, Taxes and Extraordinary Expenses.  The remaining funds' Net expense ratio reflects the Fund expenses without Acquired Fund Fees and Expenses.

  • Small- and medium-capitalization companies tend to have limited liquidity and greater price volatility than large-capitalization companies.
  • Investments in foreign securities involve greater volatility and political, economic and currency risks and differences in accounting methods.
  • Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities.
  • Non-Diversification Risk –The Underlying Funds may invest in a limited number of issuers and therefore may be considered non-diversified.
  • Short Sales Risk –The Underlying Funds may engage in short sales, which could result in such a fund’s investment performance suffering if it is required to close out a short position earlier than it had intended.
  • 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.

The net expense ratios for the ETF Aggressive Updgrader Fund, the ETF Upgrader Fund and the Tactical Total Return Fund reflect contractual fee waivers through February 28, 2012 and do not include Acquired Fund Fees and Expenses, Interest Expenses, Taxes and Extraordinary Expenses. Net expense ratios for all other funds reflect the Fund expenses without Acquired Fund Fees and Expenses.