Daily Pricing (as of 2/3/2012)
| 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. | |
|---|---|
| Daily Change | |
| Year-to-Date Performance (as of 12/31/2011) | -3.34% |
| One Year (as of 12/31/2011) | -3.34% |
| One Year (as of 12/31/2011)* | -3.34% |
| Since Inception (6/16/2009) (as of 12/31/2011) | 15.61% (annualized) |
| Since Inception (6/16/2009) (as of 12/31/2011)* | 15.61% (annualized) |
*End of the most recent quarter.
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.
The Fund's net expense ratio reflects fee waivers and expense reimbursements by the investment Adviser. This waiver and the reimbursement arrangements, if not extended, will end on February 28, 2013. Performance would have been lower without fee waivers in effect.
Account Requirements
| Minimum Balance | $3,000 |
|---|---|
| Minimum Automatic Investment To automatically increase your investment, you can contribute as little as $100 or as much as you want on a monthly or bi-monthly basis with no transaction costs. | $100 |
| Account Maintenance Fee (for accounts with balances less than $10,000) | $24 |
Fees and Expenses
| Total Net Expense Ratio The Net Expense Ratio is the percentage of total assets that go toward paying for mutual fund expenses. | 1.47%* |
|---|---|
| Gross Ratio as stated in the Prospectus | 2.20%* |
| Base Management Fee 1 | 0.95% |
| Short-Term Redemption Fee (90 days or less) | 2.00% |
*The Net Expense Ratio includes a Monthly Performance Adjustment of .12% (as of January 1, 2012). The actual Gross Expense Ratio (as of January 1, 2012) is 2.42%. See the Independence Fund Prospectus for additional information.
1 The Fund pays the Adviser a fee that is computed and paid monthly at the annual rate of 0.95% of the Fund's average daily net assets during the month (the "Basic Fee").
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.