Performance of NoLoad FundX

Year by Year Performance

The Monthly Upgrader Portfolio is NoLoad FundX’s
recommended equity portfolio.

  Monthly
Upgrader
Portfolio		 Russell 2000 DJIA S & P 500 NASDAQ
 
(Recommended)Index Returns Include Reinvested Dividends
2001 4.41% 2.49% -5.48% -11.92% -21.05%
2002 -10.60% -20.48% -15.03% -22.10% -31.53%
2003 32.30% 47.25% 28.29% 28.66% 50.01%
2004 16.52% 18.33% 5.56% 10.88% 8.59%
2005 15.67% 4.55% 1.74% 4.91% 1.37%
2006 22.68% 18.37% 19.02% 15.78% 9.52%
2007 18.20% -1.57% 10.31% 8.76% 7.83%
2008 -41.10% -33.79% -31.92% -37.03% -40.54%
2009 27.00% 27.17% 22.58% 26.41% 43.89%
2010 10.50% 26.85% 14.04% 14.88% 16.91%
2011 -6.02% -4.18% 8.31% 2.04% -1.80%
 
Cumulative Returns 177.96% 177.03% 149.80% 117.39% 103.54%
 
Avg. Annual Returns 5.38% 5.33% 3.74% 1.47% 0.32%

Long term performance of NoLoad FundX’s four equity risk classes.

  Class 1

Most Speculatative Funds		 Class 2

Speculatative Funds

 Class 3

Core
Funds

 Class 4

Total Return Funds		 S & P 500

(w/divs)
1980 20.3% 55.2% 29.5%   21.8%
1981 -18.3% -12.6% -2.7%   -5.0%
1982 34.5% 22.6% 35.0%   21.6%
1983 8.0% 30.9% 25.6%   22.6%
1984 -20.1% -6.8% 9.1%   6.3%
1985 22.7% 25.2% 38.1%   31.7%
1986 14.7% 26.9% 40.6%   18.7%
1987 -11.7% -11.0% -3.0% -5.2% 5.3%
1988 -3.6% 16.4% 15.2% 10.2% 16.6%
1989 33.4% 27.5% 28.3% 18.9% 31.7%
1990 -24.0% -12.3% -10.4% -3.8% -3.1%
1991 76.4% 39.2% 29.4% 23.4% 30.5%
1992 2.1% -2.8% 7.9% 9.1% 7.6%
1993 19.3% 25.2% 21.0% 21.4% 10.1%
1994 -23.4% -4.2% 1.9% -4.9% 1.3%
1995 34.9% 37.2% 30.5% 30.6% 37.6%
1996 17.4% 14.8% 18.6% 14.5% 23.0%
1997 10.8% 21.3% 27.1% 27.1% 33.4%
1998 25.3% 36.6% 29.8% 6.4% 28.6%
1999 155.7% 112.2% 43.3% 30.4% 21.1%
2000 -8.6% -7.9% 6.3% 0.7% -9.1%
2001 -11.2% 7.8% 8.3% 8.6% -11.9%
2002 6.1% -23.2% -14.0% -4.8% -22.1%
2003 42.2% 55.5% 40.0% 34.6% 28.7%
2004 -1.4% 10.0% 13.9% 12.5% 10.9%
2005 37.8% 17.2% 8.6% 8.8% 4.9%
2006 16.7% 30.4% 22.6% 20.9% 15.7%
2007 40.6% 18.2% 9.5% 14.9% 5.3%
2008 -37.4% -37.9 -40.1% -22.4% -39.4%
2009 25.6% 34.7% 24.0% 25.0% 26.6%
2010 20.0% 12.7% 9.5% 13.3% 14.9%
2011 -15.3% -1.2% -6.9% -0.1% 2.0%
 
Growth of $10,000 $279,799 $736,106 $640,394 $128,099 $252,380
 
Avg. Annual Returns 11.2% 14.6% 14.1% 8.4% 10.8%

** Class 3 Results are computed by FundX from its monthly Newsletter (NoLoad FundX) and checked by The Hulbert Financial Digest.
Index Returns are from Weisenberger Financial CO

Disclosures:
NoLoad FundX is published by FundX Investment Group and incorporates the firm’s Upgrading strategy. Funds and ETFs included in the newsletter are segregated into 4 risk classes based on historical volatility. Funds are reviewed periodically and may be moved to a different risk class if it is determined that recent performance justifies a change. Class 3 is our recommended risk category for building a core portfolio of mutual funds for long-term growth. The universe of funds in Class 3 is not constant and includes both actively and passively managed funds. FundX managed accounts may experience different results.

Hulbert Financial Digest is an independent publication that tracks the performance of investment newsletters. Hulbert began tracking NoLoad FundX in mid-1980. Initially, he maintained a hypothetical portfolio by purchasing the 5 funds in the Class 3 Starbox (page 4). He then held these positions until he received the next month's issue at which time he rebalances to that month's top 5 funds. In August 2009, Hulbert began tracking NoLoad FundX performance based on the Monthly Upgrader Portfolio (page 2). Although fund imposed redemption fees are factored into the results, brokerage fees, taxes and any outside management fees such as those imposed by FundX Investment Company are not. If applicable, these additional costs would have a negative impact on one's actual returns.

Results shown are based on calendar years only. Actual results fluctuate in value on a daily basis and therefore intra-year results would be different (either better or worse) than those shown. Some of the most volatile periods have historically occurred and corrected themselves within a given year. In 2000, for example, the S&P 500 lost 9.1% for the calendar year but lost as much as 15% between 3/24 and 12/21. All of the indexes shown are for comparison purposes only. Both the indexes and model portfolio assume reinvestment of dividends and capital gains. They do not represent actual investments and are simply used as commonly seen benchmarks to demonstrate the general market environment in each of the calendar years shown. While the model portfolio invests in mutual funds that have internal fees reflected in the reported performance, both the indexes and the model portfolio are presented without any external management fees.

As with all historical data, past performance is not an indication of future results. Investments in equity mutual funds such as those reflected in the performance figures above carry an inherent element of risk including the potential for an actual loss of principal. Hypothetical performance such as that shown above does not take into consideration a variety of real world factors including investment preferences or capital inflows and outflows and actual results may vary.