XRLX Profile
The FundX Investment Trust, known by its ticker XRLX, operates as a fund-of-funds with the objective of leveraging global market trends through a diversified investment approach. The fund is designed to offer broad exposure to a range of asset classes, combining core equity, total return, and bond underlying funds to align with prevailing market conditions and trends. This diversified strategy aims to capture growth across various market segments while managing risk through strategic allocation.
The core equity component of XRLX includes investments in funds that provide access to broad stock market leadership trends. These funds span various sizes and styles of stocks from around the world, ensuring comprehensive coverage of global equity markets. This diversification enables participation in diverse growth opportunities, reflecting the fund's commitment to capturing expansive market trends and providing investors with robust equity exposure.
To mitigate risk and potential volatility associated with equity investments, XRLX incorporates total return and bond underlying funds into its portfolio. Total return funds are employed to deliver steady income and reduce volatility, utilizing various investment strategies tailored to generate reliable returns. The bond component includes investments in fixed income securities, both U.S. and international, with a focus on different maturities and credit qualities, further enhancing the fund’s risk management.
As an actively managed fund, XRLX grants its adviser the flexibility to adjust portfolio positions dynamically, seeking more attractive investment opportunities as market conditions evolve. Notably, on October 9, 2023, XRLX transitioned from a mutual fund to an ETF structure, beginning with $58.2 million in assets. This structural change aims to enhance liquidity and provide investors with more efficient access to the fund’s diversified investment strategy.
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