ETF Research Center

XCOR is an actively managed fund-of-funds that provides broad exposure to stocks from around the world of various market capitalization that are perceived to be in sync with market leaders.

FUND BASICS
Category	Global Equities
Fund Sponsor	CI Financial
Website	fundxfunds.com/
Inception date	Oct 17, 2022
Assets (mns)	$172
Currency	USD
Expense ratio	139 bp
Distributions	Annually

FUND STRUCTURE
Regulation	Open-Ended Fund
Custodian
Weighting	Proprietary
Index replication
Uses derivatives	No
Options available	No

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	10
Wgt avg mkt cap (mns)	$1,368,290
Large cap (>$10bn)	98.4%
Mid cap ($2-10bn)	0.8%
Small cap (<$2bn)	0.1%
Developed mkts	99.7%
Emerging mkts	0.0%

TOP TEN HOLDINGS
Total	99.7 %
ISHARES RUSSELL TOP 200 GROWTH ETF	12.1 %
VANGUARD GROWTH ETF	11.9 %
ISHARES RUSSELL 1000 GROWTH ETF	11.8 %
VANGUARD RUSSELL 1000 GROWTH ETF	11.6 %
INVESCO EXCHANGE-TRADED FUND TRUST	11.4 %
VANGUARD MEGA CAP GROWTH ETF	10.7 %
SCHWAB U.S. LARGE-CAP GROWTH ETF	10.6 %
INVESCO S&P 500 MOMENTUM ETF	9.8 %
INVESCO S&P 500 PURE GROWTH ETF	6.3 %
VANGUARD S&P 500 GROWTH ETF	3.6 %

TOP COUNTRY EXPOSURE
	UNITED STATES	97.1 %
	IRELAND	0.7 %
	BRITAIN	0.2 %
	BERMUDA	0.1 %
	LUXEMBOURG	0.1 %
	SWITZERLAND	0.1 %
	CAYMAN ISLANDS	0.0 %
	SOUTH KOREA	0.0 %
	CANADA	0.0 %
	PUERTO RICO	0.0 %

HISTORICAL PERFORMANCE info

	Custom date range	Compare to
	thru

Standardized Annual Returns (thru December 31)
Year-to-date	1 year	5 years	10 years	Since Incep.
27.5%	27.5%	--	--	34.2%

Market Correlations
versus...	Beta	R-squared
S&P500	1.12	95%
MSCI EAFE	0.63	43%
MSCI Emg. Mkts.	0.64	34%

Technical Indicators
Recent close	$71.10
30d moving avg.	$72.65
Annualized volatility	14.2%
Short interest (ETF)	0.1%
Relative strength (RSI)	55

Liquidity measures
Avg. volume (thou.)	2
Turnover	0.1%
Bid/Ask (% of price)	0.11%
ADV underlying (mns)	$152,583

Distributions

FINDING ALTERNATIVE FUNDS

Below is a list of 2 potential alternatives to the FundX ETF ETF based on the alternatives' overlap in portfolio holdings with XCOR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

XCOR

Expense:

139 bp

ALTAR Score™:

2.8%

ALTERNATIVE ETFs BASED ON OVERLAP WITH XCOR
Ticker	Fund Name	Overlap¹ vs XCOR (%)	Expense ratio (bp)	Savings vs XCOR (bp)	ALTAR Score™ (%)	ALTAR vs XCOR (%)
XNAV	FundX Aggressive ETF	43.8	141	-2	3.1	+0.3
MOHR	Collaborative Investment Series Trust - Mohr Growth ETF	22.9	106	33	3.4	+0.7

¹Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

	2019	2020	2021	2022	2023	2024E	2025E
Sales per share	**	**	**	**	**	**	**
Earnings per share	**	**	**	**	**	**	**
Dividends per share	**	**	**	**	**	**	**
Book value per share	**	**	**	**	**	**	**

Sales per share growth		**%	**%	**%	**%	**%	**%
EPS growth		**%	**%	**%	**%	**%	**%

Sales per share growth		**%	**%	**%	**%	**%	**%
EPS growth		**%	**%	**%	**%	**%	**%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est.	**%		Debt-to-equity	**x
Asset turnover	**%		Assets-to-equity	**x

Return on equity

Revision activity*

*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS

	2023	2024E	2025E
Price-to-sales	**	**	**
Price-to-earnings	**	**	**
Price-to-cash flow	**	**	**
Price-to-growth	**	**	**
Price-to-book value	**	**	**
Yield	**	**	**

Historical valuation trends

Forward multiple:	FundX ETF
Relative to:	S&P500	MSCI EAFE	MSCI Emg. Mkts.	Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™

Calculation of ALTAR Score™
Avg. Return on Equity	25.7	%
Divided by: Fwd. P/BV	6.2	x
Less: Expense ratio	139	bp
Equals: ALTAR Score	2.8	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.49	CATEGORY AVERAGE	1.54

The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale: BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3. Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.