FundX Flexible Income Fund
INCMX
Other OTC- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 101 Montgomery Street, Suite 2400 San Francisco CA 94104-4138
- IPO Date
- Jun 28, 2002
- CIK
- 0001602508
- Similar Companies
- Business
- FundX Flexible Income Fund (INCMX), a series of FundX Investment Trust, operates as a fund-of-funds that seeks total return through active investment primarily in no-load and load-waived mutual funds and exchange-traded funds (ETFs), including underlying funds focused on fixed-income securities such as domestic and international corporate or government bonds of varying maturities and credit qualities, encompassing investment-grade bonds, high-yield or junk bonds, ultra-short-term bonds, floating-rate securities, collateralized loan obligations (CLOs), and total-return bond strategies; it may also allocate to equity securities via underlying funds to enhance returns while prioritizing income generation and capital preservation for individual and institutional investors in the asset management industry. The fund, managed by FundX Investment Group, LLC, a division of One Capital Management, LLC since 2022, employs an "upgrading" strategy that dynamically selects underlying funds based on near-term performance trends to adapt to changing fixed-income market conditions, including interest rate shifts and credit cycles, with a dividend yield of approximately 4.70% and an expense ratio of 1.56% as of recent data. Founded in 1969 as part of FundX Investment Group in San Francisco, California, the fund commenced operations on June 28, 2002, and primarily serves U.S.-based investors through broker-dealers and financial advisors, with assets under management around USD 76.5 million. In recent major developments, FundX Flexible Income Fund underwent a significant reorganization on October 9, 2023, converting from a mutual fund structure (INCMX) to an actively managed ETF designated as FundX Flexible ETF (XFLX), retaining its historical 21-year performance track record, investment objectives, strategies, and portfolio management team while enhancing tax efficiency and intraday trading flexibility for shareholders. Concurrently, in 2022, FundX Investment Group integrated as a division of One Capital Management, LLC, bolstering resources for investment advisory services, financial planning, and portfolio management across equity, fixed-income, balanced, and sustainable strategies without altering the fund's core approach or fiduciary standards. These changes reflect a strategic shift toward ETF formats for improved shareholder benefits amid evolving market demands, following prior mutual fund-to-ETF conversions of sister funds like FundX ETF (XCOR) and FundX Aggressive ETF (XNAV) in October 2022.