FundX Flexible ETF

Frequently Asked Questions About XFLX

What does XFLX invest in?

This Exchange Traded Fund (ETF) functions as a 'fund of funds,' meaning its core strategy involves allocating capital primarily to other ETFs. Consequently, the ETFs in which this fund invests are themselves composed mainly of direct holdings like common stocks and a range of debt securities, such as corporate and sovereign bonds. Under normal operating conditions, the fund predominantly directs its investments towards underlying ETFs focused on fixed-income assets. These bond-centric ETFs are chosen for their varied attributes, including different maturities, a spectrum of credit risk (from high-quality to high-yield, or 'junk bonds'), and diverse geographical concentrations.

What is the expense ratio of XFLX?

FundX Flexible ETF (XFLX) charges an expense ratio of 0.97%. This is the annual fee deducted from fund assets to cover management and operations.

What is XFLX's dividend yield?

XFLX's trailing-twelve-month yield is 9.73%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of XFLX?

Effective duration measures XFLX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. XFLX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of XFLX?

XFLX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of XFLX?

Yield to maturity (YTM) is the total return you'd earn from XFLX if every bond in the portfolio is held to maturity at the current price. XFLX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.