Main page content

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 05/31/2020

Vanguard LifeStrat Inc
VASIX
10.50
iShrs 1-3 Year Treasury
SHY
7.80
Calvert Balanced I
CBAIX
6.00
George Putnam Balanced Fund I
PGEYX
6.00
Pax Sustainable Alloc Fund Inst
PAXIX
5.80
Janus Hndrsn Balanced I
JBALX
5.70
iShrs Shrt Treasury Bond
SHV
5.60
Polen Growth Fund I
POLIX
4.40
Vanguard Growth ETF
VUG
3.80
iShrs Edge USA Momentum Factor
MTUM
3.60
View more
Akre Focus I
AKRIX
3.50
Invesco Summit Y
ASMYX
3.40
iShares Russell Top 200 Gr
IWY
3.40
Merger Fund I
MERIX
3.30
Vanguard Intm-Tm Bnd
BIV
3.10
Fidelity Blue Chip Growth
FBGRX
2.50
iShrs Barclays 7-10 Yrs Tres
IEF
2.30
Infinity Q Diversi Alpha I
IQDNX
2.10
iShares Broad US$ Inv Gr Corp
USIG
2.00
iShrs Core US Agg Bond
AGG
1.90
Schwab Intermediate Term
SCHR
1.90
Vivaldi Merger Arbitrage Fund
VARBX
1.90
Vanguard Intm-Tm Treas Idx
VGIT
1.70
Vanguard Total Bond Mkt ETF
BND
1.40
Hussman Strategic Total Return
HSTRX
1.30
PIMCO Enhanced Short Mat Active
MINT
1.30
TCW Total Rtn Bond Fund I
TGLMX
1.20
Calamos Market Neutral Income I
CMNIX
1.00
Amplify BlackSwan Growth & Treasury Core
SWAN
1.00
Cash
CASH
0.30
Core Alternative ETF
CCOR
0.30

PORTFOLIO ALLOCATION

as of

% in portfolio

Core Equity
28.00
%
Balanced
34.00
%

FIXED INCOME

Intermediate Term Bonds
15.50
%
Short Term Bonds
7.80
%
Low Volatility Equity
7.50
%
Ultra Short Term Bonds
6.90
%
Cash
0.30
%
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 05/31/2020. 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 05/31/2020 1 Mo YTD 1 Yr
RELAX 2.77 -5.54 3.98
Mnst GlbMkt Lrg-Mid 4.58 -9.28 5.19
Balanced Index (60% S&P 500 / 40% Barc Agg Bond) 3.04 -0.45 12.09
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 03/31/2020 1 Yr 5 Yrs 10 Yrs Annualized Cumulative
RELAX -5.45 3.06 5.39 5.94 178.61
Mnst GlbMkt Lrg-Mid -11.58 2.79 6.00 6.56 208.95
Balanced Index (60% S&P 500 / 40% Barc Agg Bond) -0.39 5.63 8.08 6.80 221.32
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 05/31/2020

Vanguard LifeStrat Inc
VASIX
10.50
iShrs 1-3 Year Treasury
SHY
7.80
Calvert Balanced I
CBAIX
6.00
George Putnam Balanced Fund I
PGEYX
6.00
Pax Sustainable Alloc Fund Inst
PAXIX
5.80
Janus Hndrsn Balanced I
JBALX
5.70
iShrs Shrt Treasury Bond
SHV
5.60
Polen Growth Fund I
POLIX
4.40
Vanguard Growth ETF
VUG
3.80
iShrs Edge USA Momentum Factor
MTUM
3.60
Akre Focus I
AKRIX
3.50
Invesco Summit Y
ASMYX
3.40
iShares Russell Top 200 Gr
IWY
3.40
Merger Fund I
MERIX
3.30
Vanguard Intm-Tm Bnd
BIV
3.10
Fidelity Blue Chip Growth
FBGRX
2.50
iShrs Barclays 7-10 Yrs Tres
IEF
2.30
Infinity Q Diversi Alpha I
IQDNX
2.10
iShares Broad US$ Inv Gr Corp
USIG
2.00
iShrs Core US Agg Bond
AGG
1.90
Schwab Intermediate Term
SCHR
1.90
Vivaldi Merger Arbitrage Fund
VARBX
1.90
Vanguard Intm-Tm Treas Idx
VGIT
1.70
Vanguard Total Bond Mkt ETF
BND
1.40
Hussman Strategic Total Return
HSTRX
1.30
PIMCO Enhanced Short Mat Active
MINT
1.30
TCW Total Rtn Bond Fund I
TGLMX
1.20
Calamos Market Neutral Income I
CMNIX
1.00
Amplify BlackSwan Growth & Treasury Core
SWAN
1.00
Cash
CASH
0.30
Core Alternative ETF
CCOR
0.30

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
28.00
%
Balanced
34.00
%

FIXED INCOME

Intermediate Term Bonds
15.50
%
Short Term Bonds
7.80
%
Low Volatility Equity
7.50
%
Ultra Short Term Bonds
6.90
%
Cash
0.30
%
Total
100.00
%
Month End
Performance % to 05/31/2020 1 Mo YTD 1 Yr
RELAX 2.77 -5.54 3.98
Mnst GlbMkt Lrg-Mid 4.58 -9.28 5.19
Balanced Index (60% S&P 500 / 40% Barc Agg Bond) 3.04 -0.45 12.09
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 03/31/2020 1 Yr 5 Yrs 10 Yrs Annualized Cumulative
RELAX -5.45 3.06 5.39 5.94 178.61
Mnst GlbMkt Lrg-Mid -11.58 2.79 6.00 6.56 208.95
Balanced Index (60% S&P 500 / 40% Barc Agg Bond) -0.39 5.63 8.08 6.80 221.32
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