Under typical market conditions, FundX ETF primarily allocates its capital to Core Equity Underlying Exchange-Traded Funds (ETFs). These Core Equity ETFs generally construct diversified portfolios consisting of shares from well-established domestic and international corporations, encompassing a wide range of market capitalizations. It's also possible for these Core Equity Underlying ETFs to include fixed income securities within their holdings. Furthermore, FundX ETF has the discretion to allocate up to half of its total assets to Underlying ETFs that specifically target emerging markets.