FundX Upgrader (FUNDX)

The investment seeks to maximize capital appreciation over the long term without regard to income. The fund invests primarily in no-load and load-waived mutual funds. It invests primarily in other mutual funds that have an investment objective similar to the fund's or that otherwise are permitted investments under the fund's investment policies described herein. Nevertheless, the mutual funds purchased by the fund likely have certain investment policies and use certain investment practices that may be different from those of the fund and not described herein.