- What does XRLX invest in?
- XRLX, the FundX Investment Conservative ETF, is a multi-fund investment vehicle primarily designed to capitalize on global market trends. Its investment advisor employs a balanced strategy, allocating capital to underlying core equity, total return, and bond funds that are perceived to be aligned with prevailing market leadership. These core equity holdings are designed to offer broad-based exposure to dominant stock market trends, encompassing a diverse range of global equities across various market capitalizations and investment styles. Conversely, the total return and bond underlying funds serve to mitigate the risk and potential volatility inherent in the equity component. Specifically, the total return funds may employ diverse investment strategies aimed at delivering consistent income and reduced price fluctuations. The bond funds, on the other hand, invest in both domestic and international fixed-income securities, without specific restrictions on maturity or credit quality. As an actively managed fund, the advisor retains full discretion to dynamically adjust portfolio allocations in pursuit of more attractive investment opportunities. Notably, XRLX transitioned from a mutual fund structure to an ETF on October 9, 2023, initiating its operations with $58.2 million in assets.
- What is the expense ratio of XRLX?
- FundX Investment Conservative ETF (XRLX) charges an expense ratio of 1.20%. 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 2.67%, 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 $46.0M 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 1.20%) in exchange for the discretion to over- or under-weight positions.
- When was XRLX launched?
- FundX Investment Conservative ETF (XRLX) launched in July 2002 and is managed by FundX.
