Fund Research for Flex-funds Total Return Utilities (FLRUX)

  • Fund Overview

    Fund Inception Date: Jun 21, 1995
    Category: Utilities
    Overall Risk: Above Average
    Fund Family: Flex-funds
    Return Since Inception: 6.75%
    YTD Return: 23.31%
    Yield (TTM): 1.57%
    Net Assets: 18.63 M
    Morningstar Rating:
    3 of 5

    The investment seeks total returns. The fund generally invests at least 80% of net assets in securities of domestic or foreign utility companies that provide electricity, natural gas, water, telecommunications or sanitary services to the public. The remaining assets may be invested in debt securities of public utility companies, or debt or equity securities of other issuers who stand to benefit from developments in the utilities industry.

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    Size
    Average Market Cap $6,844 M
    Market Capitalization Portfolio
    Giant 11.26%
    Large 22.12%
    Medium 60.85%
    Small 5.76%
    Micro 0.00%
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/23/2009    		 Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 12/31/1998 to 10/31/2009
    Mouseover the chart to see values for each month.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 23.31% 39.35% -2.78% 4.77% 1.49% 6.75%
    +/- Category 10.95% 18.57% 0.37% -0.30% -1.52% —
    +/- S&P 500 TR -0.21% -9.45% 3.12% 4.09% -0.95% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 18.41% 17.07% -3.06% 4.85% 1.49% 6.75%
    Quarter (as of 09/30/2009) 22.01% -2.51% -0.30% 5.78% 2.44% 7.02%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/23/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/23/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 06/21/1995
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    Information 26.44%
    Service 0.00%
    Manufacturing 72.08%

    Asset Allocation

    Short Long Net Assets
    Cash — 1.48% 1.48%
    Stocks — 98.52% 98.52%
    Bonds — 0.00% 0.00%
    Other — 0.00% 0.00%
    Foreign Stocks
    (as a % of assets)    		 — 16.08% 16.08%
    Data as of 10/31/2009 Data as of 10/31/2009 View Fund Portfolio

    Top 10 Holdings

    Sector P/E Return as of 10/31/2009 Net Assets
    + NII HLDGS INC (NIHD) Telecom 15.09 54.95% 5.23%
    = KINDER MORGAN ENERGY PARTNER (KMP) Energy 52.00 26.67% 4.53%
    + ENTERPRISE PRODS PARTNERS L (EPD) Energy 19.25 44.89% 4.46%
    + VERIZON COMMUNICATIONS INC (VZ) Telecom 16.34 -8.78% 4.39%
    + NORTHEAST UTILS (NU) Utilities 12.90 -2.57% 4.32%
    + AT&T INC (T) Telecom 13.42 -5.26% 4.20%
    + CHICAGO BRIDGE & IRON CO N V (CBI) Industrial Materials 8.94 81.59% 4.00%
    = MDU RES GROUP INC (MDU) Industrial Materials — -0.39% 3.88%
    + GENERAL CABLE CORP DEL NEW (BGC) Industrial Materials 12.42 82.53% 3.61%
    + NISOURCE INC (NI) Utilities 14.22 25.25% 3.60%
    + Increase - Decrease = No change * New since last portfolio
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    P/E as of 11/24/2009
    All other data as of 09/30/2009
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial —
    Deferred —
    Taken from prospectus dated 04/30/2009
    Expense Ratio (based on net assets) 1.96%
    Taken from annual report dated 12/31/2008

  • Fund Management

    Lowell Glaser Miller
    Start Date: 06/21/1995
    Miller, president and chief investment officer. He began his studies of the securities markets while still an undergraduate, and has continuously pursued the notion of disciplined investment strategies for over 30 years. He has been a featured guest on Louis Rukeyser’s Wall street Week and is often quoted in financial sources such as The Wall Street Journal, Dow Jones Newswires, Bloomberg, and Barron’s. He is founder of the firm which started in 1984.