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Flexible Income Fund

The Flexible Income Fund (INCMX) gives you a flexible approach to fixed income investing. With INCMX, you'll own a full portfolio of bond and total-return funds that adapts to changing bond markets, including changing interest rates. INCMX is designed for investors who seek the stability of fixed income and a buffer against the volatility of stocks.

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 07/31/2022

Janus Henderson Sht Dur Inc
VNLA
12.34
JPMorgan Ultra-Short Inc
JPST
12.31
iShares Short Tres Bond
SHV
12.29
iShares 0-5 Yr TIPS Bond
STIP
11.41
PIMCO 1-5 Yr U.S. TIPS
STPZ
11.40
Am Century Sht Dur Infl Prot Bond I
APOHX
11.20
Vanguard Market Neutral
VMNFX
10.14
Janus Henderson AAA CLO
JAAA
9.36
Thompson Bond
THOPX
9.32
Cash
CASH
0.23

Fixed Income Allocation

as of 07/31/2022

Short Term Bonds
80.31%
Low Volatility Equity
10.14%
Strategic Bonds
9.32%
Cash
0.23%

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 07/31/2022. 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 07/31/2022 1 Mo YTD 1 Yr
INCMX 1.09 -8.24 -7.28
Bloomberg Agg Bond Index 2.44 -8.16 -9.12
Gross expense ratio 1.57%
Net expense ratio 1.56%

(includes underlying fund expenses) 
The advisor has contractually agreed to a fee waiver through January 31, 2023.

Quarter End
Performance % to 06/30/2022 1 Yr 5 Yrs 10 Yrs Annualized Cumulative
INCMX -7.93 0.81 2.25 4.02 119.81
Bloomberg Agg Bond Index -10.29 0.88 1.54 3.56 101.43
Gross expense ratio 1.57%
Net expense ratio 1.56%

(includes underlying fund expenses) 
The advisor has contractually agreed to a fee waiver through January 31, 2023.

Top holdings

as of 07/31/2022

Janus Henderson Sht Dur Inc
VNLA
12.34
JPMorgan Ultra-Short Inc
JPST
12.31
iShares Short Tres Bond
SHV
12.29
iShares 0-5 Yr TIPS Bond
STIP
11.41
PIMCO 1-5 Yr U.S. TIPS
STPZ
11.40
Am Century Sht Dur Infl Prot Bond I
APOHX
11.20
Vanguard Market Neutral
VMNFX
10.14
Janus Henderson AAA CLO
JAAA
9.36
Thompson Bond
THOPX
9.32
Cash
CASH
0.23

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.

Fixed Income Allocation

as of 07/31/2022

Short Term Bonds
80.31%
Low Volatility Equity
10.14%
Strategic Bonds
9.32%
Cash
0.23%
Month End
Performance % to 07/31/2022 1 Mo YTD 1 Yr
INCMX 1.09 -8.24 -7.28
Bloomberg Agg Bond Index 2.44 -8.16 -9.12
Gross expense ratio 1.57%
Net expense ratio 1.56%

(includes underlying fund expenses) 
The advisor has contractually agreed to a fee waiver through January 31, 2023.

Quarter End
Performance % to 06/30/2022 1 Yr 5 Yrs 10 Yrs Annualized Cumulative
INCMX -7.93 0.81 2.25 4.02 119.81
Bloomberg Agg Bond Index -10.29 0.88 1.54 3.56 101.43
Gross expense ratio 1.57%
Net expense ratio 1.56%

(includes underlying fund expenses) 
The advisor has contractually agreed to a fee waiver through January 31, 2023.

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 Bloomberg US 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