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Trending ETFs

Name

As of 06/21/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$23.41

$18.1 M

0.60%

$0.14

1.45%

Vitals

YTD Return

-0.2%

1 yr return

0.7%

3 Yr Avg Return

-7.1%

5 Yr Avg Return

-4.5%

Net Assets

$18.1 M

Holdings in Top 10

84.4%

52 WEEK LOW AND HIGH

$23.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.45%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 154.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/21/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$23.41

$18.1 M

0.60%

$0.14

1.45%

SRIFX - Profile

Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return -7.1%
  • 5 Yr Annualized Total Return -4.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.09%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    FundX Sustainable Impact Fund
  • Fund Family Name
    Fund X
  • Inception Date
    Mar 31, 2017
  • Shares Outstanding
    729691
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Janet Brown

Fund Description

The Sustainable Impact Fund is a fund-of-funds, which invests in mutual funds and ETFs (“Underlying Funds”). Sustainable impact investing incorporates non-financial performance indicators that measure a company’s management of risks associated with environmental sustainability, social concerns, and corporate governance (“ESG Factors”) in an effort to generate long-term competitive investment performance and positive societal impact. These ESG Factors include, but are not limited to:
Environmental Social Governance
1climate change
2carbon footprint
3resource exploitation
4pollution and waste
5deforestation
6water usage
7renewable energy
8conservation
1working conditions, wage policies
2corporate diversity policies
3racial and gender diversification
4human rights and child labor policies
5employee relations
6effect on local communities
7health and safety
1executive pay
2accountability
3bribery and corruption
4political lobbying and donations
5board diversity and structure
6tax strategies
The Sustainable Impact Fund seeks to invest substantially all and, under normal circumstances, at least 80% of its net assets, plus borrowings for investment purposes, in sustainable impact investments. Sustainable impact investments are the following:
Underlying Funds that self-identify as socially responsible impact (“SRI”) funds or environmental, social and governance (“ESG”) funds (collectively, “ESG Funds”); and
Underlying Funds that have a better-than-average Portfolio Sustainability Rating (“Sustainability Rating”), as calculated by Morningstar, as described below.
ESG Funds
The Advisor employs a process of assessing Underlying Funds that self-identify as ESG Funds. The Advisor reviews an Underlying Fund’s policies, actions and effectiveness with respect to the Underlying Fund’s use of proxy votes and access to corporate management. The Advisor evaluates how an Underlying Fund uses proxy votes and access to corporate management to improve resource utilization, reign in excessive executive compensation, address climate change and other environmental, social and governance concerns. This process may include interviews with an Underlying Fund’s management and an examination of an Underlying Fund’s proxy voting records, prospectus and other published reports. The Advisor approves a select group of these ESG Funds for potential inclusion in the Sustainable Impact Fund’s portfolio regardless of their Morningstar Portfolio Sustainability Rating (the “ESG Rating”).
Morningstar Portfolio Sustainability Rating
Morningstar, an independent investment research firm specializing in mutual fund analysis, provides the Advisor with Morningstar Portfolio Sustainability Ratings on a monthly basis. The Advisor uses the data provided by Morningstar to screen Underlying Funds and identify those that have a base currency in U.S. dollars and have a better-than-average Sustainability Rating.
The Morningstar Sustainability Rating is a measure of the financially material environmental, social and governance (“ESG”) risks in a mutual fund or ETF portfolio. The Morningstar Portfolio Sustainability Rating is assigned to mutual funds and ETFs and is calculated based on underlying company-level environmental, social and governance (“ESG”) scores and company involvement in ESG related controversies. Morningstar’s methodology incorporates ESG scores on more than 9,000 companies globally, which are evaluated based on ESG Factors such as those described above.
The Morningstar Sustainability Rating is the result of a three-step process. First, Morningstar calculates the Morningstar Portfolio Sustainability Score for every portfolio reported within the trailing 12 months. Second, it uses these scores to calculate a portfolio’s Morningstar Historical Portfolio Sustainability Score. Third, it assigns a Morningstar Sustainability Rating for a portfolio based on its Morningstar Historical Portfolio Sustainability Score relative to its Morningstar Global Category.
To receive a Sustainability Rating, at least 67% of an Underlying Fund’s portfolio assets under management must have a company-level ESG Risk Rating. The company-level ESG Risk Rating measures the degree to which a company’s economic value may be at risk driven by ESG issues. To be considered material to the risk rating, an ESG issue must have a potentially substantial impact on the economic value of a company and therefore on the risk-return profile of an investment in the company. The ESG issues that are material vary across industry groups and companies. The ESG Risk Rating is an indicator of a company’s material ESG risks measured on the same scale across all economic sectors. For example, a company may be evaluated based on how it addresses a changing regulatory environment, measures and manages its carbon footprint, controls executive compensation, and/or monitors and encourages diversity among firm leadership.
The Advisor’s methodology in selecting funds aligns with changes made to Morningstar’s methodology in November 2019. The Advisor will periodically evaluate Morningstar’s services in relation to other third-party data service providers. The Advisor may determine it is appropriate to change its current third-party data provider when the Advisor becomes aware that an alternative provider can offer sustainability data that is either more timely, has more comprehensive coverage, offers more effective analysis or offers substantially better pricing for comparable service.
Upgrading Strategy
Underlying Funds that meet one of the two selection criteria described above, are then further considered for investment in the portfolio of the Sustainable Impact Fund based on the Advisor’s Upgrading process. The Advisor applies a performance-and risk-based ranking system to Underlying Funds and selects investments for the Sustainable Impact Fund based on these rankings. The Advisor first classifies Underlying Funds by risk, separating the most aggressive Underlying Funds from the most conservative Underlying Funds. Next, the Advisor ranks Underlying Funds by recent returns and invests in top performers. Underlying Funds that are no longer top performers or fail to maintain an above-average ESG Rating are sold and replaced with other top performing Underlying Funds. The Advisor to the Sustainable Impact Fund calls this process Upgrading and believes that this process will help the Sustainable Impact Fund adapt to changing markets. The Advisor’s Underlying Fund rankings are updated monthly.
The Advisor has constructed several risk classes for Underlying Funds in which it invests. These are: Sector Equity Underlying Funds, Aggressive Equity Underlying Funds, Core Equity Underlying Funds, Total Return Underlying Funds and Bond Underlying Funds. Sector Equity Underlying Funds include international funds that may concentrate in a particular country or region, including emerging markets. These funds may use investing techniques such as short positions or use of derivative instruments such as options or futures in ways that may lead to increased volatility. Aggressive Equity Underlying Funds include equity funds invested in small- or mid-sized companies. Many of these funds may lack diversification by focusing on a few industry sectors or concentrating their portfolios in a few individual holdings. Core Equity Underlying Funds include international (foreign) or global (foreign and domestic) funds, which tend to invest in larger companies in mature economies (e.g., Europe & Japan). Total Return Underlying Funds may employ a wide variety of investment strategies and some of these funds may use derivative instruments such as futures, put options or short selling to a limited extent to lessen volatility. Bond Underlying Funds have a primary objective of current income and preservation of capital.
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SRIFX - Performance

Return Ranking - Trailing

Period SRIFX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -41.7% 48.6% 98.44%
1 Yr 0.7% -60.5% 72.7% 86.48%
3 Yr -7.1%* -44.4% 28.4% 84.32%
5 Yr -4.5%* -30.6% 23.2% 84.45%
10 Yr N/A* -16.7% 19.0% N/A

* Annualized

Return Ranking - Calendar

Period SRIFX Return Category Return Low Category Return High Rank in Category (%)
2023 -40.0% -85.9% 81.6% 77.81%
2022 2.3% -31.0% 26.7% 62.23%
2021 8.2% -13.0% 34.8% 47.58%
2020 2.0% -6.0% 10.6% 96.03%
2019 -1.2% -15.9% 2.0% 23.33%

Total Return Ranking - Trailing

Period SRIFX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -41.7% 48.6% 94.02%
1 Yr 0.7% -60.5% 72.7% 82.57%
3 Yr -7.1%* -44.4% 28.4% 84.11%
5 Yr -4.5%* -30.6% 23.2% 86.52%
10 Yr N/A* -16.7% 19.0% N/A

* Annualized

Total Return Ranking - Calendar

Period SRIFX Return Category Return Low Category Return High Rank in Category (%)
2023 -19.3% -85.9% 81.6% 3.17%
2022 -11.8% -31.0% 26.7% 97.05%
2021 8.2% -13.0% 34.8% 47.58%
2020 2.0% -6.0% 10.6% 96.03%
2019 -1.2% -15.9% 3.1% 45.62%

NAV & Total Return History


SRIFX - Holdings

Concentration Analysis

SRIFX Category Low Category High SRIFX % Rank
Net Assets 18.1 M 189 K 222 B 96.31%
Number of Holdings 16 2 3509 99.10%
Net Assets in Top 10 15.3 M -1.37 M 104 B 94.42%
Weighting of Top 10 84.35% 11.4% 116.5% 0.82%

Top 10 Holdings

  1. Boston Trust Walden Equity 13.68%
  2. Boston Trust Equity 13.49%
  3. Pax Large Cap Fund Institutional 11.28%
  4. Pioneer A 5.04%
  5. Russell Inv Sustainable Equity S 4.26%
  6. Praxis Value Index I 4.24%
  7. Amana Income Institutional 4.18%

Asset Allocation

Weighting Return Low Return High SRIFX % Rank
Stocks
97.77% 50.26% 104.50% 64.04%
Cash
2.00% -10.83% 49.73% 38.34%
Convertible Bonds
0.07% 0.00% 1.94% 2.46%
Bonds
0.07% -1.84% 25.77% 2.22%
Preferred Stocks
0.06% 0.00% 4.41% 8.87%
Other
0.02% -2.66% 17.15% 15.76%

Stock Sector Breakdown

Weighting Return Low Return High SRIFX % Rank
Technology
20.20% 0.00% 65.70% 94.33%
Healthcare
14.77% 0.00% 39.76% 30.54%
Financial Services
14.02% 0.00% 43.06% 16.34%
Industrials
12.59% 0.00% 30.65% 6.98%
Consumer Defense
8.31% 0.00% 25.50% 7.31%
Consumer Cyclical
7.56% 0.00% 62.57% 93.51%
Communication Services
7.31% 0.00% 66.40% 77.34%
Real Estate
5.77% 0.00% 16.05% 4.43%
Energy
3.52% 0.00% 41.09% 17.00%
Basic Materials
3.14% 0.00% 18.91% 15.85%
Utilities
2.80% 0.00% 16.07% 6.49%

Stock Geographic Breakdown

Weighting Return Low Return High SRIFX % Rank
US
93.72% 34.69% 100.00% 55.50%
Non US
4.05% 0.00% 54.22% 41.95%

Bond Sector Breakdown

Weighting Return Low Return High SRIFX % Rank
Cash & Equivalents
91.10% 0.00% 100.00% 91.62%
Corporate
8.86% 0.00% 100.00% 7.63%
Derivative
0.03% 0.00% 82.03% 2.07%
Securitized
0.00% 0.00% 43.70% 20.36%
Municipal
0.00% 0.00% 0.57% 20.36%
Government
0.00% 0.00% 12.45% 21.58%

Bond Geographic Breakdown

Weighting Return Low Return High SRIFX % Rank
US
0.07% -1.84% 21.29% 2.05%
Non US
0.00% 0.00% 4.48% 20.44%

SRIFX - Expenses

Operational Fees

SRIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.45% 0.01% 20.29% 19.01%
Management Fee 1.00% 0.00% 1.50% 97.20%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 1.02% N/A

Sales Fees

SRIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 8.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SRIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SRIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 154.00% 0.00% 316.74% 96.28%

SRIFX - Distributions

Dividend Yield Analysis

SRIFX Category Low Category High SRIFX % Rank
Dividend Yield 0.60% 0.00% 38.41% 35.54%

Dividend Distribution Analysis

SRIFX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

SRIFX Category Low Category High SRIFX % Rank
Net Income Ratio -1.09% -6.13% 1.75% 89.67%

Capital Gain Distribution Analysis

SRIFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

SRIFX - Fund Manager Analysis

Managers

Janet Brown


Start Date

Tenure

Tenure Rank

Mar 31, 2017

5.17

5.2%

Janet Brown is a president and portfolio manager with FundX Investment Group, LLC since 1978.

Sean McKeon


Start Date

Tenure

Tenure Rank

Mar 31, 2017

5.17

5.2%

McKeon is principal and portfolio manager with FundX Investment Group, LLC since 1990.

Martin DeVault


Start Date

Tenure

Tenure Rank

Mar 31, 2017

5.17

5.2%

Martin DeVault is Principal and Portfolio Manager with FundX Investment Group, LLC since 1992.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 54.45 8.15 2.92