Fund Description
The Motley Fool Great America Fund seeks excellent companies at value prices.
We look for well-managed companies that boast strong financial positions and operate in industries that our management team truly understands. We will invest at least 80 percent of the Fund's net assets in securities issued by United States companies. Performing rigorous, fundamental analysis, we dissect each company's strategy, competitive position, operations, and performance, and we review all pertinent public documents and official communications about the company.
Although we will invest with an intention to hold for the long term, we will also insist on keeping a solid margin of safety on all Fund holdings. As a result, we will sell any holding that we believe has exceeded its intrinsic value.
Snapshot (as of 5/21/2013)
| Symbol | TMFGX |
|---|---|
| Net Asset Value Net asset value is the price of each share of a mutual fund. It is calculated by subtracting the fund's liabilities from its total assets, and dividing that figure by the number of shares outstanding. | $15.29 |
| Daily Change | $0.01 (0.07 %) |
| Year-to-Date Performance (as of 04/30/2013) | 11.21% |
| One Year (as of 04/30/2013) | 16.48% |
| One Year (as of 03/31/2013)* | 13.75% |
| Since Inception (11/1/2010) (as of 04/30/2013) | 16.18% (annualized) |
| Since Inception (11/1/2010) (as of 03/31/2013)* | 16.20% (annualized) |
| Minimum to Invest | $500 |
| Min. Subsequent Investment | $50 |
| Min. Auto Investment | $50 |
| Transaction Fees | None |
| Net Expense Ratio (11/01/2011- 04/30/2013) 1 The Net Expense Ratio is the percentage of total assets that go toward paying for mutual fund expenses. | 1.35%** |
| Gross Ratio as stated in the Prospectus (02/28/2013) | 1.74% |
*End of most recent quarter.
**The Net Expense Ratio includes a Monthly Performance Adjustment of .00% (as of May 1, 2013).
For periods less than one-year, total returns are reported; for periods more than one-year, average annual total returns are reported.
The performance data quoted represents past performance and does not guarantee future results. Current performance may be lower or higher. The investment return and principal of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost.
1 The Fund's net expense ratios reflect fee waivers and expense reimbursements by the investment advisor. The Adviser has contractually agreed to pay, waive or absorb a portion of the Independence Fund's expenses through the end of February 2014, or such later date as may be determined by the Independence Fund and the Adviser. The Fund's performance would have been lower if the waivers/reimbursements had not been in effect.
A redemption fee of 2.00% of the then-current value of the shares redeemed is imposed on redemptions of shares made within 90 days of purchase (i.e., the redemption is effective on or before the 90th day following the date of purchase), subject to certain exceptions.
An exchange occurs when a shareholder redeems shares from one series or fund in The Motley Fool Funds Trust and uses the proceeds to purchase shares of another fund in The Motley Fool Funds Trust. Minimum investment requirements apply to exchanges. If you have held the shares you are exchanging for 90 days or less, you may be charged a redemption fee.
William H. Mann III specializes in identifying companies with underappreciated competitive advantages and assets. He has experience analyzing a wide range of industries ... [