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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 08/31/2019

Vanguard Total Bond Mkt ETF
BND
12.80
iShrs iBoxx $ Inv Grd Corp Bnd
LQD
10.80
Metropolitan West HiYld Bnd I
MWHIX
10.60
iShrs Core US Agg Bond
AGG
10.40
Vanguard Wellesley Inc Admiral
VWIAX
9.90
PIMCO Active Bond ETF
BOND
9.90
Fidelity Real Estate Income
FRIFX
9.90
PIMCO Diversified Income I
PDIIX
9.80
PIMCO Intl Bond USD Hedged I
PFORX
9.30
Vanguard Total Intl Bond ETF
BNDX
6.10
View more
Cash
CASH
0.50

Fixed Income Allocation

as of 08/31/2019

Intermediate Term Bonds
34.00%
Low Volatility Equity
19.80%
Strategic Bond Funds
19.70%
World Bond Funds
15.40%
High Yield Bond Funds
10.60%
Cash
0.50%

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.

This chart illustrates the performance of a hypothetical $10,000 investment made in the Fund for the period ending 08/31/2019. 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 08/31/2019 1 Mo YTD 1 Yr
INCMX 1.84 7.20 4.18
Barc Agg Bond Index 2.59 9.10 10.17
Gross expense ratio 1.70%
Net expense ratio 1.71%

(includes underlying fund expenses) The advisor has contractually agreed to a fee waiver through January 31, 2020. The net expense ratio is higher than the gross expense ratio as a result of expense reimbursements.

Quarter End
Performance % to 06/30/2019 1 Yr 5 Yrs 10 Yrs Annualized Cumulative
INCMX 2.75 2.20 4.28 4.77 120.66
Barc Agg Bond Index 7.87 2.95 3.90 4.38 107.19
Gross expense ratio 1.70%
Net expense ratio 1.71%

(includes underlying fund expenses) The advisor has contractually agreed to a fee waiver through January 31, 2020. The net expense ratio is higher than the gross expense ratio as a result of expense reimbursements.

Top holdings

as of 08/31/2019

Vanguard Total Bond Mkt ETF
BND
12.80
iShrs iBoxx $ Inv Grd Corp Bnd
LQD
10.80
Metropolitan West HiYld Bnd I
MWHIX
10.60
iShrs Core US Agg Bond
AGG
10.40
Vanguard Wellesley Inc Admiral
VWIAX
9.90
PIMCO Active Bond ETF
BOND
9.90
Fidelity Real Estate Income
FRIFX
9.90
PIMCO Diversified Income I
PDIIX
9.80
PIMCO Intl Bond USD Hedged I
PFORX
9.30
Vanguard Total Intl Bond ETF
BNDX
6.10
Cash
CASH
0.50

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.

Fixed Income Allocation

as of 08/31/2019

Intermediate Term Bonds
34.00%
Low Volatility Equity
19.80%
Strategic Bond Funds
19.70%
World Bond Funds
15.40%
High Yield Bond Funds
10.60%
Cash
0.50%
Month End
Performance % to 08/31/2019 1 Mo YTD 1 Yr
INCMX 1.84 7.20 4.18
Barc Agg Bond Index 2.59 9.10 10.17
Gross expense ratio 1.70%
Net expense ratio 1.71%

(includes underlying fund expenses) The advisor has contractually agreed to a fee waiver through January 31, 2020. The net expense ratio is higher than the gross expense ratio as a result of expense reimbursements.

Quarter End
Performance % to 06/30/2019 1 Yr 5 Yrs 10 Yrs Annualized Cumulative
INCMX 2.75 2.20 4.28 4.77 120.66
Barc Agg Bond Index 7.87 2.95 3.90 4.38 107.19
Gross expense ratio 1.70%
Net expense ratio 1.71%

(includes underlying fund expenses) The advisor has contractually agreed to a fee waiver through January 31, 2020. The net expense ratio is higher than the gross expense ratio as a result of expense reimbursements.

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 Barclay's 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