Alexandria, VA – In an effort to help more people invest better, Motley Fool Asset Management launched today The Motley Fool 100 ETF (Ticker: TMFC). It's the first ETF issued by The Motley Fool's family of companies.
The launch of the fund marks another step in the evolution of The Motley Fool as a financial services provider. For 25 years, The Motley Fool has been a beacon of education for investors hoping to reach their financial goals. The Motley Fool first entered the money management space in 2008 with the launch of a family of mutual funds.
"For years, we've heard investors say they don't have the time or desire to pick their own stocks and they want someone to do it for them," said Bryan Hinmon, Chief Investment Officer of Motley Fool Asset Management. "The Motley Fool 100 ETF is our latest answer. We can now provide investors with the stock-picking acumen of Motley Fool analysts with the ease of a passive investing vehicle."
The fund, which will list on the Cboe ETF Marketplace, will track the Motley Fool 100 index. The market-cap weighted index measures the performance of the 100 largest companies in The Motley Fool "recommendation universe." Companies in the index are incorporated and listed in the United States and are open "buy" recommendations in Motley Fool research publications or among the top 150 stocks in The Motley Fool's "Fool IQ" research database.
Media inquiries (including requests for more information or to schedule an interview with Bryan Hinmon, Chief Investment Officer of Motley Fool Asset Management) should be directed to Matt Trogdon at 814-933-6273 or email@example.com.
About Motley Fool Asset Management: Motley Fool Asset Management (MFAM) was established in 2008 by The Motley Fool Holdings, Inc., a multimedia financial-services company located in Alexandria, Va. MFAM exists to help the world invest better — effortlessly. We fulfill our mission by providing a suite of investment vehicles that adhere to our long-term buy-and-hold investing philosophy. The Motley Fool 100 ETF was created to provide investors with an easy way to invest in the Motley Fool 100 Index, composed of the 100 largest, most liquid companies recommended by The Motley Fool, LLC's research team. The Fund is managed by Bryan Hinmon, a seasoned equities analyst who also serves as MFAM's Chief Investment Officer.
*Holdings are subject to change. Holdings and percent of assets are based on security assets only, not including cash or receiveables (unpaid interest and dividends).
Please consider the charges, risks, expenses, and investment objectives carefully before you invest. Please see the prospectuses for the Motley Fool 100 Index ETF (the "Fund") containing this and other information. Read it carefully before you invest or send money.
The investment advisor for the Fund is Motley Fool Asset Management, LLC ("MFAM"). Shares of the Fund are distributed by Quasar Distributors, LLC, a registered broker-dealer not affiliated with The Motley Fool.
The net asset value ("NAV") of the Fund's shares is determined as of the close of regular trading on the NYSE (generally 4:00 p.m. Eastern time) each day the NYSE is open. Share are purchased and sold in secondary market transactions at negotiated market prices rather than at NAV. Shares of the Fund may be bought and sold throughout the day on the exchange through a brokerage account. However, shares are not individually redeemable, and may only be redeemed directly from the Fund by Authorized Participants in very large creation/redemption units. Shares may trade at, above or below NAV. Brokerage commissions will reduce returns.
Investing involves risk, including possible loss of principal. To the extent the Fund invests more heavily in particular sectors of the economy (e.g., technology), its performance will be especially sensitive to developments that significantly affect those sectors. Similarly, the Fund is non-diversified, which means that it may invest a high percentage of its assets in a limited number of securities and, as a result, gains or losses on a single stock may have a greater impact on the Fund.
In addition to normal risks associated with investing in equity securities, investments in the Fund are subject to those risks specific to ETFs. Unlike other funds managed by MFAM, the Fund is not actively managed and we do not attempt to take defensive positions in any market conditions, including adverse markets. Likewise, we would not sell shares due to current or projected underperformance of a security, industry, or sector, unless that security is removed from the Index or the selling of shares of that security is otherwise required upon a reconstitution of the Index. As with all index funds, the performance of the Fund and its Index may differ from each other for a variety of reasons, including the operating expenses and portfolio transaction costs not incurred by the Index. In addition, the Fund may not be fully invested in the securities of the Index at all times, or may hold securities not included in the Index. Finally, Fund shares may trade at a material discount to NAV, and this risk is heightened in times of market volatility or periods of steep market declines.
For these and other reasons, there is no guarantee the Fund will achieve its stated objective.
MFAM is a wholly owned subsidiary of The Motley Fool Holdings, Inc., which is a multimedia financial-services holding company. MFAM is a separate entity, and all investment decisions are made independently by the asset managers at MFAM. Neither of TMF co-founders, Tom Gardner and David Gardner, nor any other TMF analyst is involved in the investment decision-making or daily operations of MFAM.
Matt Trogdon owns shares of TMFC.
The Motley Fool has a disclosure policy.