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 05/31/2021

Permanent Portfolio
PRPFX
8.00
FPA Crescent
FPACX
6.70
Fidelity Asset Mgr 70%
FASGX
6.50
Fidelity Adv Balanced
FAIOX
6.40
Fidelity Puritan
FPURX
5.90
Value Line Capital Appr I
VLIIX
5.90
Vanguard Star
VGSTX
5.30
Oakmark Equity And Incom Y
OAYBX
4.70
TransAm Cap Growth
TFOIX
3.30
Ariel Fund I
ARAIX
3.30
View more
Guggenheim S&P500 Pure Val
RPV
3.30
iShrs S&P MidC 400 Val
IJJ
3.30
Fidelity Blue Chip Growth
FBGRX
3.20
Parnassus Endeavor I
PFPWX
3.20
Fidelity Value Fund
FDVLX
3.10
Columbia Balanced Inst 2
CLREX
3.00
Fidelity Adv Gr Opportunities I
FAGCX
3.00
Royce Pennsylvania Mutual Instl
RPMIX
2.40
Fidelity Capital & Income
FAGIX
2.10
Osterweis Strategic Inc
OSTIX
2.00
Vanguard Wellesley Inc Admiral
VWIAX
1.90
Metropolitan West HiYld Bnd I
MWHIX
1.80
SPDR BBG Barclays Hi Yld Bnd
JNK
1.80
Invesco BuyBack Achvrs
PKW
1.80
Thompson Bond
THOPX
1.80
Fidelity Real Estate Income
FRIFX
1.10
Fidelity Adv Hi Inc Advant I
FAHCX
1.10
Ivy High Income Instl
IVHIX
1.00
Carillon Reams Unconstrained Bnd I
SUBFX
1.00
Calvert Short Duration I
CDSIX
0.90
Columbia Strategic Income Fund Instl
CTIVX
0.90
Cash
CASH
0.30

PORTFOLIO ALLOCATION

as of

% in portfolio

Core Equity
29.90
%
Balanced
44.40
%

FIXED INCOME

Low Volatility Equity
11.00
%
Strategic Bonds
5.70
%
Short Term Bonds
0.90
%
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 05/31/2021. 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 05/31/2021 1 Mo YTD 1 Yr
RELAX 0.80 6.86 26.29
Mnst GlbMkt Lrg-Mid 1.53 10.79 41.81
Balanced Index (60% S&P 500 / 40% Barc Agg Bond) 0.55 6.49 22.73
Gross expense ratio 1.85%
Net expense ratio 1.83%

(includes underlying fund expenses) 

Quarter End
Performance % to 03/31/2021 1 Yr 5 Yrs 10 Yrs Annualized Cumulative
RELAX 31.43 9.45 7.19 7.17 266.19
Mnst GlbMkt Lrg-Mid 54.98 13.18 9.21 8.71 378.80
Balanced Index (60% S&P 500 / 40% Barc Agg Bond) 31.71 11.15 9.87 8.00 323.21
Gross expense ratio 1.85%
Net expense ratio 1.83%

(includes underlying fund expenses) 

Top holdings

as of 05/31/2021

Permanent Portfolio
PRPFX
8.00
FPA Crescent
FPACX
6.70
Fidelity Asset Mgr 70%
FASGX
6.50
Fidelity Adv Balanced
FAIOX
6.40
Fidelity Puritan
FPURX
5.90
Value Line Capital Appr I
VLIIX
5.90
Vanguard Star
VGSTX
5.30
Oakmark Equity And Incom Y
OAYBX
4.70
TransAm Cap Growth
TFOIX
3.30
Ariel Fund I
ARAIX
3.30
Guggenheim S&P500 Pure Val
RPV
3.30
iShrs S&P MidC 400 Val
IJJ
3.30
Fidelity Blue Chip Growth
FBGRX
3.20
Parnassus Endeavor I
PFPWX
3.20
Fidelity Value Fund
FDVLX
3.10
Columbia Balanced Inst 2
CLREX
3.00
Fidelity Adv Gr Opportunities I
FAGCX
3.00
Royce Pennsylvania Mutual Instl
RPMIX
2.40
Fidelity Capital & Income
FAGIX
2.10
Osterweis Strategic Inc
OSTIX
2.00
Vanguard Wellesley Inc Admiral
VWIAX
1.90
Metropolitan West HiYld Bnd I
MWHIX
1.80
SPDR BBG Barclays Hi Yld Bnd
JNK
1.80
Invesco BuyBack Achvrs
PKW
1.80
Thompson Bond
THOPX
1.80
Fidelity Real Estate Income
FRIFX
1.10
Fidelity Adv Hi Inc Advant I
FAHCX
1.10
Ivy High Income Instl
IVHIX
1.00
Carillon Reams Unconstrained Bnd I
SUBFX
1.00
Calvert Short Duration I
CDSIX
0.90
Columbia Strategic Income Fund Instl
CTIVX
0.90
Cash
CASH
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
29.90
%
Balanced
44.40
%

FIXED INCOME

Low Volatility Equity
11.00
%
Strategic Bonds
5.70
%
Short Term Bonds
0.90
%
Cash
0.30
%
Total
100.00
%
Month End
Performance % to 05/31/2021 1 Mo YTD 1 Yr
RELAX 0.80 6.86 26.29
Mnst GlbMkt Lrg-Mid 1.53 10.79 41.81
Balanced Index (60% S&P 500 / 40% Barc Agg Bond) 0.55 6.49 22.73
Gross expense ratio 1.85%
Net expense ratio 1.83%

(includes underlying fund expenses) 

Quarter End
Performance % to 03/31/2021 1 Yr 5 Yrs 10 Yrs Annualized Cumulative
RELAX 31.43 9.45 7.19 7.17 266.19
Mnst GlbMkt Lrg-Mid 54.98 13.18 9.21 8.71 378.80
Balanced Index (60% S&P 500 / 40% Barc Agg Bond) 31.71 11.15 9.87 8.00 323.21
Gross expense ratio 1.85%
Net expense ratio 1.83%

(includes underlying fund expenses) 

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