FundX Flexible Income Fund (INCMX)

The Lehman Brothers U.S. Aggregate Bond Index is a market-capitalization-weighted index of investment-grade fixed-rate debt issues, including government, corporate, asset-backed, and mortgage-backed securities, with maturities of at least one year. You cannot invest directly in an index.

The FundX Flexible Income Fund (INCMX - Inception 7/1/02) seeks a reasonable total return with minimal risk. It will only utilize funds from Class 4 and Class 5. (For more on our fund classifications, click here). The Fund's investment objective is to generate total return, which is capital appreciation plus current income.

INCMX may be appropriate for investors seeking growth of capital and current income consistent with the assumption of a low to moderate level of market risk associated with investing in a portfolio that depends largely on the value of fixed-income securities. This Fund may not be appropriate for investors seeking capital appreciation or to avoid current income.

INCMX is not intended for investors seeking a regular income stream - the fund will pay income annually, rather than monthly or quarterly. Dividends paid by the underlying funds accrue daily in INCMX's Net Asset Value (NAV), so investors reap the benefits of this income through increases in the Fund's portfolio value.

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.
* *The advisor has contractually agreed to reduce its fees and/or pay each Fund’s expenses for a period of at least ten years (three years for the ETF Upgrader Funds), and indefinitly thereafter. The figures shown represent the net expense ratios without Acquired Fund Fees and Expenses and are after the effects of fee waivers, recoupments and rebated fees.

Fund holdings are subject to change at any time and are not recommendations to buy or sell any of the underlying funds.

A Word About Risk
Mutual fund investing involves risk; loss of principal is possible. Foreign investments by the underlying funds involve risks, including changing currency values, different political and regulatory environments and other overall economic factors in those countries. The underlying funds will also be subject to interest rate, credit and high-yield risks. Underlying funds that are non-diversified will invest a larger percentage of their assets in individual companies than a diversified fund. This will result in greater volatility of a fund’s share price than a diversified fund. Derivatives will increase the velocity of potential losses and the underlying holdings will lose more than the original amount invested in the derivative. Furthermore, derivatives involve risk that other parties will fail to meet obligations, causing losses.

The Flexible Income Fund may be subject to interest rate, credit, and high-yield risks.

Please consult your investment professional regarding your particular investment situation. While the funds invest in noload mutual funds, all mutual funds charge management fees and other operating expenses. Please refer to the prospectus for important information about the FUNDX Upgrader Funds, including investment objectives, risks, charges and expenses.
The FUNDX Upgrader Funds are distributed by Quasar Distributors, LLC.

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