FundX Flexible ETF (XFLX)
FundX Flexible ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in San Francisco, CA, US. The stock last traded at $22.73, up 0.09% on the session, giving a market capitalisation of $50.1M. Its beta of 0.61 implies it has historically moved less than the broad market.
This Exchange Traded Fund (ETF) functions as a 'fund of funds,' meaning its core strategy involves allocating capital primarily to other ETFs. Consequently, the ETFs in which this fund invests are themselves composed mainly of direct holdings like common stocks and a range of debt securities, such as corporate and sovereign bonds. Under normal operating conditions, the fund predominantly directs its investments towards underlying ETFs focused on fixed-income assets. These bond-centric ETFs are chosen for their varied attributes, including different maturities, a spectrum of credit risk (from high-quality to high-yield, or 'junk bonds'), and diverse geographical concentrations.
FundX Flexible ETF is most often compared with the following Financial Services names: