SRIFX — FundX Sustainable Impact Fund
Data updated: 2023-04-27
SRIFX — FundX Sustainable Impact Fund. Japan Blend / Core Thematic Equity · $13.78M AUM · 1.83% expense ratio. Holdings, fees, performance and SEC filings.
SRIFX Fund Overview
SRIFX — FundX Sustainable Impact Fund is a US mutual fund managed by FundX Investment Trust, categorised as Japan Blend / Core Thematic Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: FundX Investment Trust
- Category: Japan Blend / Core Thematic Equity
- Assets under management: $13.78M
- 1-year return: -11.3%
- Ticker: SRIFX
- SEC CIK: 0001602508
- SEC series ID: S000055223
- Share class ID: C000173656
SRIFX Investment Objective and Strategy
FundX Sustainable Impact Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by FundX Investment Trust.
Investment objective
The FundX Sustainable Impact Fund (the Sustainable Impact Fund) seeks long-term capital appreciation.
Principal investment strategy
The Sustainable Impact Fund is a fund-of-funds, which invests in mutual funds and ETFs (Underlying Funds). Sustainable impact investing incorporates non-financial performance indicators that measure a companys management of risks associated with environmental sustainability, social concerns, and corporate governance (ESG Factors) in an effort to generate long-term competitive investment performance and positive societal impact. These ESG Factors include, but are not limited to: Environmental Social Governance climate change working conditions, wage policies executive pay carbon footprint corporate diversity policies accountability resource exploitation racial and gender diversification bribery and corruption pollution and waste human rights and child labor policies political lobbying and donations deforestation employee relations board diversity and structure water usage effect on local communities tax strategies renewable energy health and safety conservation The Sustainable Impact Fund seeks to invest substantially all and, under normal circumstances, at least 80% of its net assets, plus borrowings for investment purposes, in sustainable impact investments.
Sustainable impact investments are the following: Underlying Funds that self-identify as socially responsible impact (SRI) funds or environmental, social and governance (ESG) funds (collectively, ESG Funds); and Underlying Funds that have an above-average ESG rating (ESG Rating), as calculated by the Advisor using Morningstar Portfolio Sustainability and ESG Scores, as described below. ESG Funds The Advisor employs a process of assessing Underlying Funds that self-identify as ESG Funds. The Advisor reviews an Underlying Funds policies, actions and effectiveness with respect to the Underlying Funds use of proxy votes and access to corporate management. The Advisor evaluates how an Underlying Fund uses proxy votes and access to corporate management to improve resource utilization, reign in excessive executive compensation, address climate change and other environmental, social and governance concerns.
This process may include interviews with an Underlying Funds management and an examination of an Underlying Funds proxy voting records, prospectus and other published reports. The Advisor approves a select group of these ESG Funds for potential inclusion in the Sustainable Impact Funds portfolio regardless of their ESG Rating. ESG Rating Morningstar, an independent investment research firm specializing in mutual fund analysis, provides the Advisor with Morningstar Portfolio Sustainability and ESG Scores on a monthly basis. The Advisor uses the data provided by Morningstar to screen Underlying Funds and identify those that have a base currency in U.S. dollars and have an above-average ESG Rating as calculated by the Advisor using Morningstar Portfolio Sustainability and ESG Scores. The Advisor uses the data provided by Morningstar to perform a calculation to determine which Underlying Funds have an above-average ESG Rating.
The Morningstar Portfolio Sustainability and ESG Score is calculated based on company-level environmental, social and governance (ESG) scores and company involvement in ESG related controversies. Morningstars methodology incorporates ESG scores on more than 6,500 companies globally, which are evaluated based on ESG Factors such as those described above. In addition, Morningstar considers ESG related controversial incidents on more than 10,000 companies globally. The Morningstar Portfolio Sustainability Score is calculated as follows: Morningstar Portfolio Sustainability Score = Portfolio ESG Score Portfolio Controversy Deduction To receive a portfolio controversy score, at least 50% of an Underlying Funds portfolio assets under management must have a company controversy score. These ESG related controversies may include environmental grievances, discriminatory behavior, fraud or other business related scandals.
To receive a portfolio ESG score by Morningstar, at least 50% of an Underlying Funds portfolio assets under management must have a company-level ESG score. The company-level ESG score reflects how well a company is addressing ESG risks specific to its business. For example, a company may be evaluated based on how it addresses a changing regulatory environment, measures and manages its carbon footprint, controls executive compensation, and/or monitors and encourages diversity among firm leadership. The Advisor will periodically evaluate Morningstars services in relation to other third-party data providers services. The Advisor may determine it is appropriate to change its current third-party data provider when the Advisor becomes aware that an alternative provider can offer sustainability data that is either more timely, has more comprehensive coverage, offers more effective analysis or offers substantially better pricing for comparable service.
Upgrading Strategy Underlying Funds that meet one of the two selection criteria described above, are then further considered for investment in the portfolio of the Sustainable Impact Fund based on the Advisors Upgrading process. The Advisor applies a performance-and risk-based ranking system to Underlying Funds and selects investments for the Sustainable Impact Fund based on these rankings. The Advisor first classifies Underlying Funds by risk, separating the most aggressive Underlying Funds from the most conservative Underlying Funds. Next, the Advisor ranks Underlying Funds by recent returns and invests in top performers. Underlying Funds that are no longer top performers or fail to maintain an above-average ESG Rating are sold and replaced with other top performing Underlying Funds. The Advisor to the Sustainable Impact Fund calls this process Upgrading and believes that this process will help the Sustainable Impact Fund adapt to changing markets.
The Advisors Underlying Fund rankings are updated monthly. The Advisor has constructed several risk classes for Underlying Funds in which it invests. These are: Sector Equity Underlying Funds, Aggressive Equity Underlying Funds, Core Equity Underlying Funds, Total Return Underlying Funds and Bond Underlying Funds. Sector Equity Underlying Funds include international funds that may concentrate in a particular country or region, including emerging markets. These funds may use investing techniques such as short positions or use of derivative instruments such as options or futures in ways that may lead to increased volatility. Aggressive Equity Underlying Funds include equity funds invested in small- or mid-sized companies. Many of these funds may lack diversification by focusing on a few industry sectors or concentrating their portfolios in a few individual holdings.
Core Equity Underlying Funds include international (foreign) or global (foreign and domestic) funds, which tend to invest in larger companies in mature economies (e.g., Europe & Japan). Total Return Underlying Funds may employ a wide variety of investment strategies and some of these funds may use derivative instruments such as futures, put options or short selling to a limited extent to lessen volatility. Bond Underlying Funds have a primary objective of current income and preservation of capital.
SRIFX Performance
Total returns for SRIFX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -11.3% |
| 3 years (annualised) | 10.5% |
SRIFX Risk Information
Risk metrics for SRIFX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 21.4%
SRIFX Costs and Fees
SRIFX costs about $183 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.83%
- Gross expense ratio: 2.01%
- Portfolio turnover: 209%
- Brokerage commissions: 2.97 bps of average net assets (SEC N-CEN)
SRIFX Cashflows
Over the 12 months to 2023-03, FundX Sustainable Impact Fund had net inflows of $7.52M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-03 | $104.35K |
| 2023-02 | $79.81K |
| 2023-01 | $129.06K |
| 2022-12 | $2.40M |
| 2022-11 | $448.95K |
| 2022-10 | $165.49K |
SRIFX Debt Constituents
No individual debt constituents are reported in FundX Sustainable Impact Fund's latest SEC N-PORT filing.
SRIFX Prospectus and SEC Filings
Official FundX Sustainable Impact Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-01-26
- Prospectus (485BPOS) — filed 2022-01-28
- Prospectus (485BPOS) — filed 2021-01-29
- Portfolio holdings (N-PORT) — filed 2023-04-27
- Portfolio holdings (N-PORT) — filed 2023-02-13
- Portfolio holdings (N-PORT) — filed 2022-11-15
- Annual census (N-CEN) — filed 2022-12-12
- Annual census (N-CEN) — filed 2021-12-09
Related Funds
Related funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.