This is an actively managed ETF with a fund-of-funds structure that holds core equity ETFs investing in US and international blue-chip companies. It uses an upgrading strategy that adjusts the weights of its ETF holdings in line with market trends.

It suits long-term investors who want broad diversification and prefer to rely on an active management team's asset allocation rather than picking individual stocks.

It is an ETF run with an active (actively managed) approach by FundX.

The fund does not track a specific index. Instead, the management team runs it with an upgrading strategy, adjusting the weights of core equity ETFs according to market trends. Most of its assets are placed in ETFs centered on US blue-chip stocks, and a portion is also allocated to developed international and emerging market ETFs to pursue global diversification.

• A fund-of-funds structure that holds ETFs rather than individual stocks
• Active management that adjusts holding weights in line with market trends

Assets under management (AUM) stand at $181.7M, and the expense ratio is 1.15% per year.

Because its holdings consist of other ETFs, investors should also consider that the fees of the underlying ETFs may be added indirectly on top of the fund's own fee.

Because the combined performance of the underlying ETFs is reflected in the fund, it moves with US large-cap stocks and international equity markets, and the manager's weight adjustments give it a trend-following character. Short-term fluctuations are tied to the global equity market environment.

Given its active management and fund-of-funds structure, its asset base tends to be limited compared with passive core ETFs, and fund flows are affected by market trends and management performance.

Its strength is securing broad global diversification in one step through the management team's asset allocation, while its weakness is the fee burden that comes with an active fund-of-funds structure.

Passive international ETFs focused on a specific region, such as EZU, VPL, AIA, and ILF shown in the table, are worth considering for investors who want to build global diversification themselves. If you want broad combined US and international exposure at a lower fee, combining passive core ETFs is also a comparable approach, such as VTI for the total US market, VEA for developed markets outside the US, and VWO for emerging markets.

Here are the points to review before investing in XCOR. Given the fund-of-funds structure and active management, it is wise to check costs, dependence on the manager, and diversification scope in advance.

Results depend on the management team's asset allocation rather than on an index, and the fund-of-funds structure can mean a higher cost burden. Investors also take on currency and volatility risks from international and emerging market exposure.

It suits long-term investors who do not want to pick individual stocks or regions themselves and prefer to diversify across global blue-chip stocks in one step. If cost matters more to you, it is advisable to compare a low-fee combination of passive core ETFs as well.