FundX Conservative Upgrader Fund 

This fund operates as a 'fund-of-funds,' primarily allocating its capital to other investment vehicles. These 'underlying funds' are comprised of no-load or load-waived mutual funds, alongside exchange-traded funds (ETFs). In turn, these underlying investments hold individual securities, such as common stocks and corporate or government bonds. The Advisor dynamically oversees the fund's portfolio, employing a proprietary investment strategy called 'Upgrading,' which seeks to capitalize on prevailing global market trends.