NoLoad Fund*X provides subscribers with the tools to follow the strategy. It can be pursued either by dealing directly with each fund family, or more efficiently, by using a discount broker.

There are many ways to implement the Upgrading system, and we invite you to tailor your approach to suit your own situation - your aptitude and interest, the type of account you're managing, and the time you have available.

DAL Investment Company developed the strategy over the past 35 years, and apply the strategy in managing our client portfolios.

Upgrading Follows Market Leadership
Upgrading is based upon the observation that few, if any, money managers consistently excel. Instead, we observe a wide range of performance returns, typically with only a small percentage of professional money managers ever invested in the right sectors of the equity market at any given time.

This is because each money manager has a particular style that works well in some, but not all market environments. Market leadership rotates between large-cap and small-cap stocks, growth and value styles of investing, international and domestic areas. Leadership changes because economic conditions change. But most fund managers don't change their particular styles when the market leadership changes.

Since market leadership is forever rotating, we move incrementally toward the top ranked funds by progressively selling the lower ranked funds and reinvesting in the new leaders. This continuous process provides an effective way to participate successfully in a broad range of investment opportunities as they develop.

Noload funds provide access to the talents and research of the country's leading money managers while they are at the peak of their game.

To learn how to use NoLoad Fund*X to pursue the Upgrading system, check out the "How To" page.