- What does XRLX invest in?
- XRLX is a fund-of-funds that aims to capture global market trends. The adviser pursues a balanced approach by investing in core equity, total return, and bond underlying funds it considers to be in sync with current market leaders. The core equity funds allow participation in broad stock market leadership trends through diversified exposure to stocks of any size or style from around the world. Whereas the total return and bond underlying funds intend to reduce the risk and potential volatility of the core equity funds. The total return funds may utilize different investment strategies designed to provide steady income and low volatility. The underlying bond funds invest in US and non-US fixed income securities of any maturity and credit quality. As an actively managed fund, the adviser has full discretion to adjust portfolio positions towards more attractive investments. On October 9, 2023, XRLX converted from a mutual fund to an ETF structure, starting with $58.2 million in assets.
- What is the expense ratio of XRLX?
- FundX Investment Conservative ETF (XRLX) charges an expense ratio of 1.23%. This is the annual fee deducted from fund assets to cover management and operations.
- What is XRLX's dividend yield?
- XRLX's trailing-twelve-month yield is 2.65%, calculated from the sum of dividends over the past year divided by the current price.
- How big is XRLX?
- FundX Investment Conservative ETF (XRLX) manages $53.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is XRLX actively managed or an index fund?
- XRLX is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (XRLX's is 1.23%) in exchange for the discretion to over- or under-weight positions.
- When was XRLX launched?
- FundX Investment Conservative ETF (XRLX) launched in October 2023 and is managed by FundX.
