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Conservative Upgrader Fund

The Conservative Upgrader Fund (RELAX) is an active balanced approach that seeks growth and stability. With RELAX, you'll own an all-in-one portfolio of core stock funds and bond funds in one fund purchase.

Inception date

07/01/02

Invest directly or at major brokers

Minimum Investment

$1,000

No load
No redemption fee

Fund facts

Top holdings

as of 01/31/2021

Permanent Portfolio
PRPFX
7.50
Fidelity Asset Mgr 70%
FASGX
6.20
Fidelity Adv Balanced
FAIOX
6.10
FPA Crescent Inst
FPACX
6.10
Value Line Capital Appr I
VLIIX
6.00
Pax Sustainable Alloc Fund Inst
PAXIX
5.90
Fidelity Puritan
FPURX
5.50
Vanguard Star
VGSTX
5.20
Vanguard Growth ETF
VUG
5.00
SPDR Barclays Convertible Sec
CWB
4.00
View more
Invesco Summit Y
ASMYX
3.80
Columbia Balanced Inst 2
CLREX
3.70
iShares Russell Top 200 Gr
IWY
3.50
TransAm Cap Growth
TFOIX
3.50
Fidelity Blue Chip Growth
FBGRX
3.10
Fidelity Adv Gr Opportunities I
FAGCX
3.00
Parnassus Endeavor I
PFPWX
2.70
Osterweis Strategic Inc
OSTIX
2.10
Fidelity Capital & Income
FAGIX
2.00
Vanguard Mega Cap 300 Growth
MGK
2.00
Vanguard Wellesley Inc Admiral
VWIAX
1.90
Metropolitan West HiYld Bnd I
MWHIX
1.90
SPDR BBG Barclays Hi Yld Bnd
JNK
1.90
Guggenheim Total Return Bond I
GIBIX
1.10
Fidelity Real Estate Income
FRIFX
1.10
Carillon Reams Unconstrained Bnd I
SUBFX
1.00
Fidelity Adv Hi Inc Advant I
FAHCX
1.00
Calvert Short Duration I
CDSIX
0.90
iShares Broad US$ Inv Gr Corp
USIG
0.90
iShrs iBoxx $ Inv Grd Corp Bnd
LQD
0.90
Vanguard Total Bond Mkt ETF
BND
0.90
Cash
CASH
-0.40

PORTFOLIO ALLOCATION

as of

% in portfolio

Core Equity
30.60
%
Balanced
32.60
%

FIXED INCOME

Low Volatility Equity
22.60
%
High Yield Bonds
6.80
%
Strategic Bonds
4.20
%
Intermediate Term Bonds
2.70
%
Short Term Bonds
0.90
%
Cash
-0.40
%
Total
100.00
%

Fund holdings are subject to change at any time and are not recommendations to buy or sell any of the underlying funds. References to other mutual funds should not be considered an offer of these securities. Global allocation is based on the most recent data available from Morningstar.

This chart illustrates the performance of a hypothetical $10,000 investment made in the Fund for the period ending 01/31/2021. It assumes reinvestment of dividends and capital gains, but does not reflect the effect of any applicable sales charge or redemption fees. This chart does not imply any future performance.

Month End
Performance % to 01/31/2021 1 Mo YTD 1 Yr
RELAX -0.63 -0.63 10.15
Mnst GlbMkt Lrg-Mid -0.44 -0.44 16.93
Balanced Index (60% S&P 500 / 40% Barc Agg Bond) -0.89 -0.89 12.86
Gross expense ratio 1.94%
Net expense ratio 1.94%

(includes underlying fund expenses) The advisor has contractually agreed to a fee waiver through January 31, 2021.

Quarter End
Performance % to 12/31/2020 1 Yr 5 Yrs 10 Yrs Annualized Cumulative
RELAX 11.64 8.76 7.44 7.14 258.34
Mnst GlbMkt Lrg-Mid 16.12 12.24 9.20 8.57 357.82
Balanced Index (60% S&P 500 / 40% Barc Agg Bond) 14.73 11.11 10.02 7.98 313.67
Gross expense ratio 1.94%
Net expense ratio 1.94%

(includes underlying fund expenses) The advisor has contractually agreed to a fee waiver through January 31, 2021.

Top holdings

as of 01/31/2021

Permanent Portfolio
PRPFX
7.50
Fidelity Asset Mgr 70%
FASGX
6.20
Fidelity Adv Balanced
FAIOX
6.10
FPA Crescent Inst
FPACX
6.10
Value Line Capital Appr I
VLIIX
6.00
Pax Sustainable Alloc Fund Inst
PAXIX
5.90
Fidelity Puritan
FPURX
5.50
Vanguard Star
VGSTX
5.20
Vanguard Growth ETF
VUG
5.00
SPDR Barclays Convertible Sec
CWB
4.00
Invesco Summit Y
ASMYX
3.80
Columbia Balanced Inst 2
CLREX
3.70
iShares Russell Top 200 Gr
IWY
3.50
TransAm Cap Growth
TFOIX
3.50
Fidelity Blue Chip Growth
FBGRX
3.10
Fidelity Adv Gr Opportunities I
FAGCX
3.00
Parnassus Endeavor I
PFPWX
2.70
Osterweis Strategic Inc
OSTIX
2.10
Fidelity Capital & Income
FAGIX
2.00
Vanguard Mega Cap 300 Growth
MGK
2.00
Vanguard Wellesley Inc Admiral
VWIAX
1.90
Metropolitan West HiYld Bnd I
MWHIX
1.90
SPDR BBG Barclays Hi Yld Bnd
JNK
1.90
Guggenheim Total Return Bond I
GIBIX
1.10
Fidelity Real Estate Income
FRIFX
1.10
Carillon Reams Unconstrained Bnd I
SUBFX
1.00
Fidelity Adv Hi Inc Advant I
FAHCX
1.00
Calvert Short Duration I
CDSIX
0.90
iShares Broad US$ Inv Gr Corp
USIG
0.90
iShrs iBoxx $ Inv Grd Corp Bnd
LQD
0.90
Vanguard Total Bond Mkt ETF
BND
0.90
Cash
CASH
-0.40

Fund holdings are subject to change at any time and are not recommendations to buy or sell any of the underlying funds. References to other mutual funds should not be considered an offer of these securities. Global allocation is based on the most recent data available from Morningstar.

Portfolio Allocation

PORTFOLIO ALLOCATION

as of

% in portfolio

Core Equity
30.60
%
Balanced
32.60
%

FIXED INCOME

Low Volatility Equity
22.60
%
High Yield Bonds
6.80
%
Strategic Bonds
4.20
%
Intermediate Term Bonds
2.70
%
Short Term Bonds
0.90
%
Cash
-0.40
%
Total
100.00
%
Month End
Performance % to 01/31/2021 1 Mo YTD 1 Yr
RELAX -0.63 -0.63 10.15
Mnst GlbMkt Lrg-Mid -0.44 -0.44 16.93
Balanced Index (60% S&P 500 / 40% Barc Agg Bond) -0.89 -0.89 12.86
Gross expense ratio 1.94%
Net expense ratio 1.94%

(includes underlying fund expenses) The advisor has contractually agreed to a fee waiver through January 31, 2021.

Quarter End
Performance % to 12/31/2020 1 Yr 5 Yrs 10 Yrs Annualized Cumulative
RELAX 11.64 8.76 7.44 7.14 258.34
Mnst GlbMkt Lrg-Mid 16.12 12.24 9.20 8.57 357.82
Balanced Index (60% S&P 500 / 40% Barc Agg Bond) 14.73 11.11 10.02 7.98 313.67
Gross expense ratio 1.94%
Net expense ratio 1.94%

(includes underlying fund expenses) The advisor has contractually agreed to a fee waiver through January 31, 2021.

Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. For Performance data current to the most recent month end, please call 866-455-3863. Returns shown are cumulative, unless otherwise noted.

The Morningstar Global Market Large-Mid Cap Index measures the performance of developed and emerging countries across the world, targeting the top 90% of stocks by market capitalization. The S&P 500 Index is a broad based unmanaged index of 500 U.S. stocks, which is widely recognized as representative of the U.S. equity market. The Bloomberg Barclays Aggregate Bond Index is a market-capitalization-weighted index of investment-grade fixed-rate debt issues, including government, corporate, asset-backed, and mortgage-backed securities, with maturities of at least one year. You cannot invest directly in an index.

How to Invest

Available at Charles Schwab, Fidelity, Etrade, TD Ameritrade and Vanguard.
Minimum investment: $1,000