According to the home page it looks like they have five funds;
- Upgrader Fund (FUNDX)
- Aggressive Upgrader Fund (HOTFX)
- Conservative Upgrader Fund (RELAX)
- Flexible Income Fund (INCMX)
- Stock Upgrader Fund (STOCX)
The marketing department is very clever, those are great ticker symbols (not being sarcastic).
The funds are a blend of other open end funds and ETFs. I saw no CEFs in any of the funds. The returns for all four have been very good in terms of the funds doing what they are supposed to do. Morningstar gives FUNDX and HOTFX three stars, RELAX gets four stars and INCMX gets five stars.
What makes the rankings noteworthy is that these funds all look to be very expensive (as you might expect) with OERs in the mid and high twos, even the income fund. Morningstar places a lot of importance on fees. INCMX has five stars with a 2.41% expense. This is surprising to me.
I'm hard pressed to think a fund of funds is the best path but by and large the managers' approach does add risk adjusted value. There are plenty of drawbacks here and this type of thing gets written about a lot so I'll just leave it with a mostly positive post and say I will continue to watch these and see if I develop more of an opinion.
4 comments:
Here is more info on DAL Investments and FundX
http://moneycentral.msn.com/content/p28782.asp
Not too many reviews on DAL Investments and FUNDX, but I did check it out with Hulbert's Financial Digest. It's been highly rated for the past 25 years. So although the funds may be expensive, they consistently make money.
I am trying out the Hulbert digest as I've heard great things about it. That said, while this No Load X thing seems to make sense the costs seem a bit high.
Guess the question is if these funds charge a high front end load and have very low fees does it compare to those that have no front end/back end loads but slightly higher fees such as the usual mgmt fees imposed by even the best fund family?
I'm still on the fence with regards to this strategy--makes sense--but is it really making that much more $$$??
Regards
much more is the eye of the fund holder. This post is more than a year old and I have not looked at the fund since. I don't have much to say on them, sorry.
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