Performance of NoLoad FundX

The best-performing momentum strategy over the long term according
to Marketwatch, "How to Bet on Stock Market Momentum," Jan 2017.

Year by Year Performance

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

  Monthly
Upgrader
Portfolio
MSCI ACWI DJIA S & P 500 NASDAQ
 
(Recommended)Index Returns Include Reinvested Dividends
2001 3.1% -16.2% -5.5% -11.9% -21.1%
2002 -11.1% -19.3% -15.0% -22.1% -31.5%
2003 31.9% 34.0% 28.3% 28.7% 50.0%
2004 16.6% 15.2% 5.6% 10.9% 8.6%
2005 15.3% 10.8% 1.7% 4.9% 1.4%
2006 21.8% 21.0% 19.0% 15.8% 9.5%
2007 17.8% 11.7% 8.9% 5.4% 9.8%
2008 -41.9% -42.2% -31.9% -37.0% -40.5%
2009 26.5% 34.6% 22.6% 26.5% 43.9%
2010 10.5% 12.7% 14.0% 14.9% 16.9%
2011 -6.0% -7.4% 8.4% 2.1% -1.8%
2012 14.4% 16.1% 10.2% 16.0% 15.9%
2013 31.0% 22.8% 29.6% 32.3% 38.3%
2014 9.6% 4.2% 10.0% 13.7% 13.4%
2015 3.1% -2.4% 0.2% 1.4% 5.7%
2016 7.9% 7.9% 16.5% 12.0% 7.5%
 
Cumulative Returns 225% 99% 171% 132% 118%
 
Avg. Annual Returns 7.7% 4.4% 6.4% 5.4% 5.0%

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
(From 6/30)
20.3% 55.2% 29.5%   21.8%
1981 -18.3% -12.6% -1.4%   -5.0%
1982 34.5% 25.6% 35.0%   21.6%
1983 8.0% 29.4% 25.7%   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% 19.6% 15.0% 23.0%
1997 10.8% 21.2% 26.8% 26.7% 33.4%
1998 25.3% 36.6% 29.8% 6.3% 28.6%
1999 155.7% 112.2% 44.1% 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% 15.8%
2007 40.6% 18.2% 9.5% 14.9% 5.4%
2008 -37.4% -37.9% -40.1% -22.4% -37.0%
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%
2012 16.1% 9.0% 12.5% 7.9% 15.9%
2013 31.1% 31.6% 31.3% 21.4% 32.3%
2014 9.6% 4.5% 8.6% 7.5% 13.7%
2015 -2.3% 4.8% 4.7% -5.0% 1.4%
2016 -2.3% 7.7% 10.4% 6.8% 12.0%
 
Growth of $10,000 $445,359 $1,245,940 $1,183,497 $183,054 $521,701
 
Avg. Annual Returns 11.0% 14.1% 14.0% 10.2% 11.4%

Classes 1, 2, and 3 inception 6/30/1980. Class 4 inception 12/31/1986.
** Results are computed by The Hulbert Financial Digest and Hulbert Ratings, LLC..


The Monthly Flexible Income Portfolio is NoLoad FundX's recommended bond portfolio.

  Monthly Flexible
Income Portfolio
BBgBarc Agg Bond Index
(w/divs)
8/31/2005-12/31/2005 0.7% -0.4%
2006 8.6% 4.3%
2007 5.1% 7.0%
2008 0.7% 5.2%
2009 11.6% 5.9%
2010 8.1% 6.5%
2011 3.2% 7.8%
2012 6.4% 4.2%
2013 4.0% -2.0%
2014 4.4% 6.0%
2015 -0.5% 0.5%
2016 6.6% 2.6%
 
Growth of $10,000 $17,663 $15,893
 
Annualized 5.2% 4.2%

Disclosures:
NoLoad FundX is published by FundX Investment Group and incorporates the firm's Upgrading strategy. The performance data above shows model portfolio performance results.  Such results do not represent actual trading and may not reflect the impact that material economic and market factors might have had on FundX's decision-making if FundX were actually managing clients' money.

Funds and ETFs included in the newsletter are segregated into four risk classes based on historical volatility. Class 1 is invested primarily in sector and specialized stock funds; high risk and volatility.  Class 2 is invested primarily in stock funds seeking capital appreciation; above average risk and volatility.  Class 3 is invested primarily in stock funds seeking long term capital appreciation; average risk.

Monthly Upgrader Portfolio (MUP) is a core of Class 3 funds (typically 70%), and includes funds from Classes 1 and 2 (typically 30%).  With the exception of exchange traded funds, MUP funds are held for at least 90 days.

Monthly Flexible Income Portfolio (MFIP) is comprised primarily of bond funds and ETFs, and may include a component (typically up to 30%) of balanced or total return funds.

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 the four risk classes is not constant and includes both actively and passively managed funds. FundX managed accounts may experience different results.

The average annual return reflected in the chart (14.1%) is the average annual return for Class 3 funds only.

Hulbert Ratings, LLC and Hulbert Financial Digest are independent data services that track the performance of investment newsletters. Hulbert began tracking NoLoad FundX in mid-1980.

The Hulbert Financial Digest was closed at the end of January, 2016. Mark Hulbert formed Hulbert Ratings LLC in 2016. Hulbert Ratings LLC calculates newsletter performance from the date The Hulbert Financial Digest was closed, using The Hulbert Financial Digest pre-closing calculations as the base, and calculating all followed newsletter performance on its own since that time.

For the performance of Classes 1, 2, 3, and 4, Hulbert follows the Star Boxes. Initially, the Star Boxes mechanically updated to the top five funds (excluding any funds with redemption fees longer than 30 days). In 2012, the Star Boxes became managed portfolios: starting then, each fund was held a minimum of 90 days (ETFs may be held for shorter periods), and was “sold” when its rank falls below our set sell threshold. Such changes to the methodology over time may have had either a positive or negative effect on the performance results.

Hulbert’s methodology involves subscribing anonymously to each newsletter being tracked and executing recommended trades at the prices prevailing when an anonymous subscriber would have first been able to act on the recommendation. Specifically:

  • If the recommendation is received before the opening of NYSE trading, the recommended trade is executed at the average of the security’s high and low prices in that day’s session.
  • If the recommendation is received after the NYSE opens but before the close of trading, the trade is executed at that day’s closing price.
  • If the recommendation is received after the close of NYSE trading, the trade is executed at the average of the security’s high and low prices in the subsequent day’s session.

Regardless of whether a market order is executed at the closing or the average price, however, Hulbert adjusts that price upwards (when buying) or downwards (when selling) according to an estimate of that security’s bid-offer spread on that day.

Hulbert debits a commission on all transactions, the rate of which is based on average commissions at the nation’s largest discount brokers on average-sized transactions. (This rate changes periodically to reflect current conditions.) Taxes and any outside management fees are not included. If applicable, these additional costs would have a negative impact on one's actual returns.

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, the benchmark indexes do not include management fees.

The S&P 500 is a stock market index that tracks the 500 most widely held large capitalization stocks on the New York Stock Exchange or NASDAQ.

The Dow Jones Industrial Average (DJIA) is a price-weighted average of 30 large capitalization stocks traded on the New York Stock Exchange (NYSE) and the NASDAQ, a global electronic marketplace for buying and selling securities.

The NASDAQ Composite Index is the market capitalization-weighted index of approximately 3,000 common equities listed on the NASDAQ stock exchange, including American depositary receipts, common stocks, real estate investment trusts (REITs) and tracking stocks, as well as limited partnership interests.

The MSCI ACWI (Morgan Stanley Capital International All Country World Index) is comprised of stocks from both developed and emerging markets.

The Bloomberg Barclays US Aggregate Bond Index measures the performance of the U.S. investment grade bond market and includes government, corporate, asset-backed, and mortgage-backed securities with maturities of at least one year.

The indices assume the reinvestment of capital gains and dividends, but do not reflect the deduction of management fees. It is not possible to invest in an index.

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. Actual results may vary.