FundX Conservative ETF

Formerly FundX Conservative Upgrader Fund (RELAX)

The Conservative ETF (XRLX) is an actively managed balanced ETF that seeks growth and stability. With XRLX, you'll own an all-in-one portfolio of core stock ETFs and bond ETFs in one purchase.

Why Own XRLX?

Tax efficiency: ETFs may be a good fit for taxable accounts because they rarely make capital gains distributions.
Active management: FundX ETFs can take action as market and economic conditions change in an effort to mitigate risk and capitalize on new opportunities.
Diversification: FundX ETFs are an efficient way to diversify across different managers, strategies, and indexes. Own a full ETF portfolio in one ETF purchase.
Expertise: FundX has been managing portfolios of ETFs for decades through many market cycles and economic environments.

Actively Managed

Balanced ETF Portfolio

TICKER:
XRLX

Inception date

07/01/02

Fund facts

Fund holdings are subject to change at any time and are not recommendations to buy or sell any of the underlying funds. References to other mutual funds should not be considered an offer of these securities. Global allocation is based on the most recent data available from Morningstar.

1 Mo 3 Mo 1 Yr 5 Yrs 10 Yrs Since inception

This chart illustrates the performance of a hypothetical $10,000 investment made in the Fund for the period ending 05/30/2026. It assumes reinvestment of dividends and capital gains, but does not reflect the effect of any applicable sales charge or redemption fees. This chart does not imply any future performance.

Month End

Performance % to 05/31/2026	1 Mo	YTD	1 Yr
XRLX	4.26	7.87	18.35
XRLX Market	4.25	7.75	18.29
Mnst GlbMkt Lrg-Mid	5.15	12.39	30.50
Balanced Index (60% S&P 500 / 40% Barc Agg Bond)	3.28	6.95	19.53

Gross expense ratio 1.20%

Net expense ratio 1.20%

(includes underlying fund expenses)

Quarter End

Performance % to 03/31/2026	1 Yr	5 Yrs	10 Yrs	Annualized	Cumulative
XRLX	10.64	4.80	7.10	6.67	362.94
XRLX Market	10.57	4.80	7.10	N/A	N/A
Mnst GlbMkt Lrg-Mid	20.35	9.30	11.22	8.84	646.83
Balanced Index (60% S&P 500 / 40% Barc Agg Bond)	12.35	7.41	9.26	7.87	504.94

Gross expense ratio 1.20%

Net expense ratio 1.20%

(includes underlying fund expenses)

Top holdings

as of 09/30/2023

iShares Broad USD Invm Grd Corp

USIG

10.42

Janus Henderson AAA CLO

JAAA

8.26

Vanguard Growth Index

VUG

6.04

iShares Rusl Top 200 Gr

IWY

6.02

Vanguard Mega Cap Gr

MGK

5.97

iShares MSCI US Qlty Factor

QUAL

5.96

Schwab US Lg Cp Gr

SCHG

5.95

Invesco S&P 500 Top 50

XLG

5.61

iShares Russell 1000 Growth Etf

IWF

5.59

SPDR Portfolio High Yield Bond

SPHY

5.20

First Trust Senior Loan Fund

FTSL

5.19

VanEck Fallen Angel High Yield Bond

ANGL

5.14

SPDR Bloomberg High Yield Bond

JNK

5.13

Vanguard Russell 1000 Gr

VONG

5.11

Global X S&P500 Covered Call

XYLD

5.02

VanEck Morningstar Wide Moat

MOAT

3.51

PIMCO Enh Sht Mat Strat

MINT

2.76

First Trust TCW Unconstrained Plus Bd

UCON

2.56

Cash

CASH

0.55

Fidelity Instl Cash Portfolios Govt Cl I

FIGXX

0.02

Portfolio Allocation

PORTFOLIO ALLOCATION

as of

09/30/2023

% in portfolio

Core Equity

49.76

Balanced

0.00

FIXED INCOME

High Yield Bonds

15.47

Short Term Bonds

11.02

Intermediate Term Bonds

10.42

Floating Rate Bonds

5.19

Low Volatility Equity

5.02

Strategic Bonds

2.56

Cash

0.56

Total

100.00

Month End

Performance % to 05/31/2026	1 Mo	YTD	1 Yr
XRLX	4.26	7.87	18.35
XRLX Market	4.25	7.75	18.29
Mnst GlbMkt Lrg-Mid	5.15	12.39	30.50
Balanced Index (60% S&P 500 / 40% Barc Agg Bond)	3.28	6.95	19.53

Gross expense ratio 1.20%

Net expense ratio 1.20%

(includes underlying fund expenses)

Quarter End

Performance % to 03/31/2026	1 Yr	5 Yrs	10 Yrs	Annualized	Cumulative
XRLX	10.64	4.80	7.10	6.67	362.94
XRLX Market	10.57	4.80	7.10	N/A	N/A
Mnst GlbMkt Lrg-Mid	20.35	9.30	11.22	8.84	646.83
Balanced Index (60% S&P 500 / 40% Barc Agg Bond)	12.35	7.41	9.26	7.87	504.94