Table of Contents

Opening an Account

Q. Can I invest through an existing brokerage account?

A. You can invest in Motley Fool Independence Fund, Motley Fool Great America Fund, and Motley Fool Epic Voyage Fund through this site or through a growing number of leading U.S. brokers, including: Charles Schwab, E*TRADE, Fidelity, optionsXpress, Scottrade, Sharebuilder, TD Ameritrade, USAA, and Vanguard. We'll continue to add relationships with other well-known brokers, so check back often.

Please note brokerages determine which funds they offer their account holders based on investor interest. Please let your brokerage know you would like it to offer Motley Fool Funds.

Q. Is it better to invest directly with Motley Fool Funds or through my brokerage?

A. Brokerages provide the simplicity and convenience of a single account to manage your investments but typically charge fees and commissions for their services.

Opening an account with Motley Fool Funds allows you to avoid brokerage fees. We’ve made it easy to invest additional funds using Automated Clearing House transfers of money from your checking or savings account. By investing directly, you'll receive our monthly newsletter, Declarations, which provides commentary and questions and answers from Portfolio Manager Bill Mann. You’ll also be the first to know about in-person events, such as our annual party for shareholders, and conference calls with the portfolio team.

See a Prospectus for details about fund fees, and contact Shareholder Services at 1-888-863-8803 for wiring instructions. You can open an account now directly with Motley Fool Funds and transfer it to your brokerage at a later date if your brokerage chooses to offer the fund. Motley Fool Funds and your brokerage will provide the forms necessary to complete the transfer.

Q. What is the Motley Fool Independence Fund Investor Share Class' ticker symbol and CUSIP?

A. The ticker symbol for the Motley Fool Independence Fund Investor Share Class is FOOLX and the CUSIP is 619815103.

Q. What is the Motley Fool Great America Fund Investor Share Class' ticker symbol and CUSIP?

A. The ticker symbol for the Motley Fool Great America Fund Investor Share Class is TMFGX and the CUSIP is 619815202.

Q. What is the Motley Fool Epic Voyage Fund Investor Share Class' ticker symbol and CUSIP?

A. The ticker symbol for the Motley Fool Epic Voyage Fund Investor Share Class is TMFEX and the CUSIP is 619815301. 

Q. What is the Motley Fool Independence Fund Instutitional Share Class' ticker symbol and CUSIP?

A. The ticker symbol for the Motley Fool Independence Fund Instutitional Class is FOIIX and the CUSIP is 619815608.

Q. What is the Motley Fool Great America Fund Institutional Share Class' ticker symbol and CUSIP?

A. The ticker symbol for the Motley Fool Great America Fund Institutional Class is FOGIX and the CUSIP is 619815400.

Q. What is the Motley Fool Epic Voyage Fund Instituional Class' ticker symbol and CUSIP?

A. The ticker symbol for the Motley Fool Epic Voyage Fund Institutional Class is FOEIX and the CUSIP is 619815509. 

Q. How can I open an account?

A. First-time shareholders should visit the Open an Account page to apply online using our custom-built, four-step process or to request PDF versions of our application forms that you can send by regular or overnight mail. You can also open an account by wiring funds through your bank. Please contact Shareholder Services at 1-888-863-8803 for wiring details. If you already own shares in one Motley Fool Fund account type (such as an IRA or non-retirement account) and want to invest in a different account type, visit the Open an Account page to invest online or with PDF versions of our application forms. If you already own shares and want to invest in another fund in the same account type, visit the Your Account page, sign in and scroll over the "Trading" tab in the main navigation bar.

Q. Where can I find an application?

A. Visit the Open an Account page to apply online using our custom-built, four-step process or to request PDF versions of our application forms. You can find applications and additional documents, such as the Fund prospectus, on the Forms and Literature page.

Q. What's the minimum initial investment required to open an account?

A. The minimum initial investment is $500 for the Investor Share Class of each Fund. Investing $250 in one Fund and $250 in another does not meet the minimum initial investment. The minimum initial investment is $100,000 for the Institutional Share Class of each Fund. Subsequent investments may be made in any amount of $50 or more per Fund, regardless of share class.

Q. Will I receive today's net asset value (NAV) if I invest through your online process?

A. Yes, you will receive today's NAV for a purchase request received in good order prior to 4 p.m. Eastern, on any business day. Any purchase request received in good order after 4 p.m., over the weekend, or on a day on which the market is closed, will receive the NAV of the next business day.

Q. Can I invest if I live outside the United States?

A. Shares of Motley Fool Funds are available only to investors and prospective investors who reside in the United States (including the territories of Guam, Puerto Rico, and the United States Virgin Islands). Shares of the Fund have not been registered in any other countries. The Fund generally does not sell shares to investors residing outside the United States, even if they are United States citizens or lawful permanent residents, except to investors with United States military APO or FPO addresses.

Q. I sent you a check to invest in your Fund. When will I know if you received it and what exact day it was opened?

A. Confirmations for Motley Fool Funds purchases are generated the business day after the purchase and mailed as soon as possible. If you require your new confirmation, please call Shareholder Services at the number below.

Once you have obtained your account number, you can enroll for online access here. If you have any questions regarding our website or your account, please contact Motley Fool Shareholder Services at 1-888-863-8803. Representatives are available Monday through Friday from 8 a.m. to 6 p.m. Eastern time.

Q. I own Independence Fund shares in a non-retirement account and would like to purchase Epic Voyage Fund and Great America Fund shares in a retirement account. How do I purchase the new shares online?

A. To purchase shares of another Motley Fool Fund in a different account type online, visit the Open an Account page and select the account type in which you'd like to invest.

Account Transactions

Q. How do I add to my investment?

A. The minimum subsequent investment is $50. You may add to your investment by visiting the Motley Fool Funds account access page. You can supplement your investment by sending a check to the Fund's transfer agent, BNY Mellon Global Investment Servicing Inc., along with the investment form that is included with the initial account confirmation and with quarterly statements. You can choose to invest additional funds using Automated Clearing House transfers of money from your checking or savings account. You can also make subsequent investments by wire. Contact Shareholder Services at 1-888-863-8803 for wiring details.

Q. Do I have to maintain a minimum balance?

A. Yes, all accounts must have at least $500 in invested assets per Investor Share Class of each Fund, or $100,000 in invested assets per Institutional Share Class of each fund for the holding to be considered active. Shareholders whose balances dip below $500 per Fund in the Investor Class or $100,000 in the Institutional Class holding will have 30 days to purchase more shares and reach or surpass the $500 account value. After 30 days, the Fund reserves the right to redeem the account if it remains below $500, or transfer the share class if the Institutional Share Class account remainds below $100,000. As a reminder, the initial minimum investment per Investor Share Class of each Fund is $500, and the initial minimum investment per Institutional Share Class of each Fund is $100,000. Motley Fool Funds encourages automatic investing as a way to grow assets over time. Please note that a $24 small-balance account fee will be assessed annually to investors with less than $10,000 total invested throughout the Funds, unless the investor has an Automatic Investment Plan (AIP) and enrolls in e-mail delivery of prospectus updates, annual and semiannual reports, and quarterly statements. This fee will not be assessed on accounts that have been maintained for less than six months. The fee, which is assessed every December, applies regardless of market conditions. The fee does not apply to shares held through a brokerage account, or to shares held through an omnibus account with the Fund maintained by a securities dealer or mutual fund marketplace. The fee also does not apply to Fund-sponsored retirement or education savings plan accounts, or to group retirement or employee savings plan accounts. The small-balance fee is intended to offset the higher costs, which all shareholders of the Fund indirectly bear, associated with maintaining small accounts. The small-balance account fee is distributed directly to the Funds to reinvest on behalf of shareholders.

Q. Can I transfer funds from my bank account to my Motley Fool Funds account?

A. Yes, you can establish an ACH (Automated Clearing House) transfer of money from your checking or savings account. The ACH service will automatically debit your pre-designated bank account for the desired amount. Shares purchased using an ACH transfer will be issued at the net asset value per share next computed after your transaction request is received.

Q. I am an Independence Fund investor, and I'd like to exchange some of my shares to open a position a different Motley Fool Fund. How do I make an exchange?

A. You can make an exchange online, by telephone or postal mail. To make an exchange online, visit the Motley Fool Funds Your Account page and select "Access Your Account." Sign in to your account, and then scroll over the "Trading" tab in the main navigation bar. Select "Exchange" and follow the instructions. As a reminder, an exchange involves the redemption of shares and uses the proceeds to purchase shares of another fund. If you have held the shares you are exchanging for 90 days or less, you may be charged a 2.00% redemption fee. In addition, the 90-day holding period begins again immediately following an exchange. To make an exchange by phone, call 1-888-863-8803. To make an exchange by mail, send a written request to: 

Regular Mail
Motley Fool Funds
P.O. Box 9780
Providence, RI 02940-9780

Express/Overnight Mail
Motley Fool Funds
4400 Computer Drive
Westborough, MA 01581-1722

Q. How is the price of my shares determined?

A. The net asset value (NAV) of the Fund's shares is determined once daily as of the close of regular trading on the floor of the New York Stock Exchange (the NYSE) (generally 4 p.m. Eastern time), on each day the NYSE is open for business. The Fund calculates NAV per share by dividing the value of its net assets (i.e., the value of its assets less its liabilities) by the total number of shares outstanding. The Fund's investments are valued at their market value or, if market quotations are not readily available, at their fair value as determined in accordance with procedures adopted by the board.

Q. When are dividends and capital gains paid out?

A.  Dividends and capital gains distributions are generally paid once a year, typically during the last week in December. The Fund pays dividends from its net investment income and distributes any net capital gains that it realizes. Dividends and capital gains distributions are generally paid once a year. All dividends and other distributions will be reinvested in Fund shares unless a shareholder chooses to either (1) receive dividends in cash while reinvesting capital gains distributions in additional Fund shares, or (2) receive all distributions in cash. For detailed information and distribution dates, visit the Distributions & Taxes section available for the Independence Fund, Great America Fund, and Epic Voyage Fund.

Q. Do you accept third-party checks?

A. For security reasons, the Fund does not accept third-party checks, Treasury checks, cashier's checks, official checks, teller's checks, credit card checks, traveler's checks, or starter checks for the purchase of shares. The Fund does not accept payment in cash or money orders. The Fund is unable to accept post-dated checks, post-dated online bill-pay checks, or any conditional order or payment. In addition, undated checks, unsigned checks, and checks dated six months or more before their receipt by the Fund will be rejected. Checks for the purchase of shares must be made payable to the Fund in U.S. dollars and must be drawn on a bank located within the United States.

Q. Is there a fee for wiring money?

A. A $12 fee will be applied to your account if you request a redemption by federal funds wire transfer. The fee is subject to change.

Q. How often are statements mailed out?

A. We mail statements quarterly. All shareholders are registered to receive statements by postal mail. If you prefer to be notified by email when statements are available, select the "E-Delivery" option available to investors. Register by visiting the Motley Fool Funds Your Account page and selecting "Access Your Account." Sign in to your account, and then scroll over the "Account Options" tab in the main navigation bar. Click "E-Delivery Option" to update your preferences.

Q. How can I review my transaction history?

A. Visit the Motley Fool Funds Your Account page and select "Access Your Account." Sign in to your account, and then scroll over the "Account Information" tab in the main navigation bar. Select "Transaction History" and the purchases will appear in the transaction details table. You may also use the "Transaction Type" pulldown menu to find just additional purchases.

Questions About My Account

Q. How do I set up an Automatic Investment Plan?

A. Visit the Motley Fool Funds Your Account page and select "Access Your Account." Sign in to your account, and then scroll over the "Account Options" tab in the main navigation bar. Select "Automatic Investment Plan" and follow the detailed instructions.

Q. How do I change my Automatic Investment Plan withdrawals?

A. Visit the Motley Fool Funds Your Account page and select "Access Your Account." Sign in to your account, and then scroll over the "Account Options" tab in the main navigation bar. Select "Automatic Investment Plan" and then click the "Modify" button to make changes.

Q. How do I change my dividend or capital gains option?

A. Visit the Motley Fool Funds Your Account page and select "Access Your Account." Sign in to your account, and then scroll over the "Account Options" tab in the main navigation bar. Select "Distribution Options" and then click the "Modify" button at the bottom of the page to make changes.

Q. How do I add/remove/change a joint shareholder on my account?

A. Speak with a Motley Fool Funds Shareholder Services representative, by calling 1-888-863-8803. Representatives are available Monday through Friday from 8 a.m. to 6 p.m. Eastern time.

Q. How do I change or add beneficiary information on my retirement account?

A. You can update the beneficiaries on your account by submitting a letter of instruction to us with the new beneficiary listings. The allocations must be in whole percentages. Additionally, if you are married and are a resident of a community property or a marital property state and you are listing a beneficiary other than or in addition to your spouse, you will also need to complete and remit the "Spousal Consent to Beneficiary Designation" form found on our Forms and Literature page. 

The documentation can be mailed to either of the following addresses:

Regular Mail
Motley Fool Funds
P.O. Box 9780
Providence, RI 02940-9780

Express/Overnight Mail
Motley Fool Funds
4400 Computer Drive
Westborough, MA 01581-1722

Q. Can I have a beneficiary on my non-IRA account?

A. You can add a beneficiary to your account by completing and returning the Transfer-on-Death (TOD) Registration Request form on our Forms and Literature page.

If the account is a joint tenant account, we require that both individuals sign the TOD form. The signatures on the form must bear an original Signature Validation. The purpose of the Signature Validation Program is to protect the shareholder against the possibilities of fraud. If your bank/financial institution is not currently participating in the Signature Validation Program, we will also accept a Medallion Signature Guarantee. 

A Signature Validation may be obtained from banks and brokerage firms that are members of the Signature Validation Program ("SVP") or members of either the Securities Transfer Association Medallion Signature Program (STAMP), the New York Stock Exchange Medallion Signature Program (MSP), or the Stock Exchange Medallion Program (SEMP). Likewise, a Medallion Signature Guarantee may also be obtained from banks or brokerage firms that are members of the programs referenced above (STAMP, MSP, or SEMP).

Q. How do I change my mailing address?

A. Visit the Motley Fool Funds Your Account page and select "Access Your Account." Sign in to your account, and then scroll over the "Account Options" tab in the main navigation bar. Select "Profile" and then click the "Modify" button to make changes. To change by phone, call our Shareholder Services representatives at 1-888-863-8803. Representatives are available Monday through Friday from 8 a.m. to 6 p.m. Eastern time.

Q. I've changed my name. How do I update my account?

A. Name changes can be completed by submitting a letter of instruction. The letter must detail name change, request a corresponding update to the account, and be signed with signatures corresponding to the old name and the new name. The letter should bear a Medallion Signature Guarantee stamp. To get started, speak with a Motley Fool Funds Shareholder Services representative by calling 1-888-863-8803. Representatives are available Monday through Friday from 8 a.m. to 6 p.m. Eastern time.

Q. How do I change the registration on an account?

A. Speak with a Motley Fool Funds Shareholder Services representative, by calling 1-888-863-8803. Representatives are available Monday through Friday from 8 a.m. to 6 p.m. Eastern time.

Q. My minor child has reached the age of majority for our state. How do I change a custodial (UGMA/UTMA) account to an individual account in his or her name?

A. Speak with a Motley Fool Funds Shareholder Services representative, by calling 1-888-863-8803. Representatives are available Monday through Friday from 8 a.m. to 6 p.m. Eastern time.

Q. I add $50 each month and I want to see the prices at which I buy the new shares. How do I do it?

A. Visit the Motley Fool Funds Your Account page and select "Access Your Account." Sign in to your account, and then scroll over the "Account Information" tab in the main navigation bar. Select "Transaction History" and the purchases will appear in the transaction details table. You may also use the "Transaction Type" pulldown menu to find just additional purchases.

Online Account Access

Q. How can I get access to my account online?

A. Visit the Your Account page on our site. If you created an account immediately after investing with Motley Fool Funds, click the "Account Access" button. If not, select "Setup Online Account Access." You'll be prompted to create a login ID and password and to answer a few additional questions to create a secure way to access your account online. The portfolio site is hosted by our partner, BNY Mellon Global Investment Servicing Inc.

Q. Is my account secure online?

A. Yes. We have worked closely with our partner, BNY Mellon Global Investment Servicing Inc., to secure all shareholders' accounts. Visit our Privacy and Security page to see the specific steps we've incorporated.

Q. What precautions should I take to maintain the security of my account?

A. Do not share your Motley Fool Funds account number or the login ID and password you created to access your account online. Always use a secure connection when logging in to the site.

Q. Why am I being asked for a user name and password when I set up online access to my Motley Fool Funds account?

A. We're asking all Motley Fool Funds shareholders to create new logins because the online account access is hosted by our partner, BNY Mellon Global Investment Servicing Inc. The security system our partner uses is separate from the security system used by The Motley Fool for Fool.com and its newsletters.

Q. I forgot my user name or password. How can I obtain this information?

A. If you have forgotten your user ID or password, call our Shareholder Services representatives at 1-888-863-8803. Representatives are available Monday through Friday from 8 a.m. to 6 p.m. Eastern time.

Q. How can I change my password?

A. Visit the Motley Fool Funds Your Account page and select "Access Your Account." Sign in to your account, and then scroll over the "Profile" tab in the main navigation bar. Select "Security Information" and click the "Modify" button in the "Password" section at the top of the page.

Q. I tried to log into my account and was asked to change my password. Why do I need to change it?

A. Our online account access system is designed to require a password change once every 365 days. We’ve included the periodic password change feature, along with the security word and image, as security precautions to protect your confidential information and prevent unauthorized access to your account. You also have the option of changing your password at any time. (See the previous question for details.)

Q. How can I sign up to receive communications by email?

A. You can register for email delivery of your annual and semiannual reports, statements, and prospectus updates. Visit the Motley Fool Funds Your Account page and select "Access Your Account." Sign in to your account, and then scroll over the "Account Options" tab in the main navigation bar. Select "E-Delivery Option" and follow the directions to register for electronic communications.

Q. How can I change or cancel my email delivery service?

A. Visit the Motley Fool Funds Your Account page and select "Access Your Account." Sign in to your account, and then scroll over the "Account Options" tab in the main navigation bar. Select "E-Delivery Option" and follow the directions to change or cancel email delivery.

Retirement Account Questions

Q. When will my IRA be transferred from my current fund custodian?

The transfer typically takes between 10 and 14 business days before the proceeds are received. Once the proceeds are received and applied to your account, a confirmation will be generated the following business day and mailed to your address of record. While you are waiting, you may want to contact the current custodian of your assets to confirm that they have received the paperwork and are in the process of completing the transfer.

Q. How do I roll over a 401(k) or other qualified retirement plan into a Motley Fool Funds account?

A. Rollover applications are available to print and mail from the Open an Account page. You may also speak with a Shareholder Services representative by calling 1-888-863-8803. Representatives are available Monday through Friday from 8 a.m. to 6 p.m. Eastern time.

Q. How do I roll over an IRA at another financial institution into a Motley Fool Funds account?

A. The IRA Transfer of Assets/Direct Rollover Form and IRA Rollover Certification Form are available to print and mail from the Forms and Literature page. You may also speak with a Shareholder Services representative by calling 1-888-863-8803. Representatives are available Monday through Friday from 8 a.m. to 6 p.m. Eastern time.

Investing for Children and Education

Q. What type of accounts does Motley Fool Funds offer for minors?

A. We offer the Uniform Gift to Minors Act Account (also called Uniform Transfer to Minors Act Account, depending on your state of residence).

Q. What are the advantages of opening a UGMA/UTMA account?

A. In this type of account, an adult gives an irrevocable gift (e.g., investment securities) to a child or children while maintaining custodial control over the account. The primary advantages come at tax time: A percentage of investment will not be taxed (up to $950), while an equal amount will be taxed at the minor's tax bracket, rather than the parents'. However, income above $1,900 is subject to the custodian's marginal tax bracket. UGMA accounts also present an opportunity for donors to deposit $14,000 per child annually and bypass gift taxes.

General Fund Questions

Q. How are Motley Fool Funds different? What makes them unique?

A. We think there are a number of things that set us apart. Start with our Guiding Principles, and read more at the Why Fool Funds? section.

Q. Who should invest in the Fund?

A. The Funds are open to all investors, but they are not for everyone. Their objective is to achieve long-term capital appreciation. You should consider an investment in the Funds if you are willing to accept the risks associated with the securities in which the Funds invest and with the investment strategies used by the Funds. You should also have an investment horizon of at least three years. The Funds are not designed for investors who are seeking current income or short-term gains. The Funds' strategy is discussed in detail in each Fund prospectus. Please read the prospectus before investing. All investors should consider the charges, risks, expenses, and investment objectives carefully before investing.

Q. What is the classification of the Motley Fool Epic Voyage Fund? Where does it fit in the standard "style box" I see on other fund sites?

A. The Epic Voyage Fund managers employ a value-based strategy and invest at least 90% of the Fund's net assets in securities of companies organized outside the United States.

Q. What is the classification of the Motley Fool Great America Fund? Where does it fit in the standard "style box" I see on other fund sites?

A. The Great America Fund managers employ a value-based strategy and invest at least 80% of the Fund's net assets in securities of companies organized in the United States.

Q. What is the classification of the Motley Fool Independence Fund? Where does it fit in the standard "style box" I see on other fund sites?

A.The Motley Fool Independence Fund is designed as a "go anywhere" fund, and therefore we intentionally don't have a style box on our site.

Q. Do the Epic Voyage Fund, Great America Fund, and Independence Fund include Motley Fool newsletter recommendations?

A. The Funds are available through Motley Fool Asset Management, which is entirely separate from The Motley Fool, publisher of investment newsletters and operator of the Fool.com website. There are literally hundreds of stocks in the pool of Motley Fool newsletter recommendations, so it stands to reason that some of these picks will be considered, and some may be selected, for the Funds. That said, the managers at Motley Fool Asset Management draw from the full breadth of U.S. and international markets to assemble their portfolios, and they will neither focus on nor favor Motley Fool newsletter picks.

Q. What are the top holdings in each fund?

A. You can find the Top 11 holdings (because Top 10 is so overdone) in the Holdings & Statistics section for each fund. We believe in showing you as much information about the funds as possible, so we also publish the full holdings every month.  Click to see holdings information for the Independence Fund, Great America Fund, and Epic Voyage Fund.

Q. Where can I review performance history?

A. You can visit the Performance page for the Independence FundGreat America Fund, and Epic Voyage Fund within the Our Mutual Funds section of this site to view performance history. We also provide information in the prospectus, annual, and semiannual reports, available in the Forms & Literature section of this site.

Q. What is the Motley Fool Epic Voyage Fund's benchmark?

A. The Russell Global ex-U.S. Index measures the performance of the the global equity market based on all investable equity securities, excluding companies assigned to the United States. The Russell Global ex-U.S. Index is constructed to provide a comprehensive and unbiased barometer for the global segment and is completely reconstituted annually to accurately reflect the changes in the market over time. See a prospectus for more information.

Q. What is the Motley Fool Great America Fund's benchmark?

A. The Russell MidCap Index is an unmanaged, free float-adjusted, market capitalization-weighted index that is designed to measure the performance of the mid-cap segment of the U.S. stock market. The performance of the Russell MidCap Index reflects reinvestment of all distributions and changes in market prices.  The Russell MidCap Index is rebalanced on a quarterly basis. See a prospectus for more information.

Q. What is the Motley Fool Independence Fund's benchmark?

A. The MSCI World Index, an unmanaged index, is compiled from a composite of securities traded in Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and the United States. It is widely recognized by investors in international markets as a benchmark for portfolios of global securities. The MSCI World Index reflects reinvestment of all distributions and changes in market prices. See a prospectus for more information.

Q. Do the funds pay dividends and/or capital gains?

A. The Funds pay dividends from their net investment income and distribute any net capital gains that they realize. Dividends and capital gains distributions are generally paid once a year, during the last week of December. All dividends and other distributions will be reinvested in Fund shares unless a shareholder requests to either (1) receive dividends in cash while reinvesting capital gains distributions in additional Fund shares, or (2) receive all distributions in cash.

Q. I have seen references to both BNY Mellon Global Investment Servicing and PNC Global Investment Servicing Inc. as the Fund's "Transfer Agent." What does all of that mean?

A. Motley Fool Funds conducted an exhaustive search for an experienced partner to manage the crucial "back-end" functions of a mutual fund, such as custody of our shareholders' invested assets, shareholder record-keeping, fund accounting, and regulatory administration. We selected PNC Global Investment Servicing Inc. as our partner because of its commitment to exceptional shareholder services and its other services, including transfer agency, custody, and distribution. On July 1, 2010, as part of a merger, PNC Global Investment Servicing became BNY Mellon Global Investment Servicing. The company continues to provide the same range of services for the Funds and their shareholders.  

Q. Are there other funds available?

A. The Epic Voyage Fund, Great America Fund, and Independence Fund are the first offerings of an envisioned family of retail mutual funds from Motley Fool Asset Management. Although MFAM currently offers no other retail funds, the company is considering the addition of other funds in the future.

Q. I'd like to know how your portfolio team voted their proxies. Where can I find this information?

You can find our most recent voting record, as well as our proxy voting philosophy and guidelines here

Fees, Charges, and Expenses

Q. Does Motley Fool Funds offer a performance-based fee structure?

A. No.  We previously offered a performance-based fee structure yo be as closely aligned with shareholders as possible.  However, the performance-based fee structure was complicated and confusing for shareholders.  After a proxy vote by shareholder, Motley Fool Funds now offers a simplified fee structure that makes our costs easier to understand and makes our funds more accessible to investors by lowering the advisory fee, which helps us achieve ourmission: To Help the World Invest: Better.

The performance based fee structure worked by calculating the fee in the following manner: Once each Fund has completed 12 calendar months of operations, the Adviser's monthly fee will increase or decrease if the investment performance of the Fund exceeds or trails the performance of its respective index during the previous 36 calendar months (or until the Fund has been operating for that long, since its inception) by 3 percentage points or more. This performance-based component of the advisory fee provides an incentive for the Adviser to consistently achieve returns for the Fund that exceed the Fund's benchmark, not just to pump up the Fund's assets.

The Funds are currently in a winding down period, and for the next 18 months, the Independence Fund will be pay the lesser of the new, 0.85% fee structure, or the amount that would have been payable under the previous advisory fee arrangement. For more on this, please see the prospectus.

Q. What expenses do the funds charge?

A. Investors will not be socked with sales charges, also known as "loads," or 12b-1 marketing and distribution fees. Visit the Fees & Expenses page for each Fund (located within the Our Mutual Funds section of the site) for more details.

Q. Does Motley Fool Funds charge any sales or redemption fees?

A. Yes. Our Funds charge a 2.00% fee for redemptions that are effective on or before the 90th day following the date of purchase. The 2.00% fee will be based on the then-current value of the shares redeemed.  We believe that redemption fees are good news for long-term shareholders. They offset the transaction-cost impact of short-term investors, and the fees flow back to the Fund. The redemption fee also applies to exchanges. If you have held the shares you are exchanging for 90 days or less, you may be charged a redemption fee. In addition, the 90-day holding period begins again immediately following an exchange.

Q. Are there any recurring fees for regular investment accounts or retirement accounts?

A. A $24 small-balance fee will be assessed annually to investors with less than $10,000 total invested if the shareholder does not have an Automatic Investment Plan (AIP) and e-mail delivery of prospectus updates, annual and semiannual reports, and quarterly statements. The fee, which is assessed every December, applies regardless of market conditions. This fee will not be assessed on accounts that have been maintained for less than six months. The fee also does not apply to shares held through an account maintained by your mutual fund marketplace or securities dealer, to Fund-sponsored retirement, or to group retirement or employee savings plan accounts. The small-balance fee is intended to offset the higher costs, which all shareholders of the Fund indirectly bear, associated with maintaining small accounts. The small-balance account fee is distributed directly to the Funds to reinvest on behalf of shareholders. There is also a $15 fee per Social Security number for IRA accounts. This fee is charged by BNY Mellon Investor Services Trust Co. for its role as the custodian of the IRA accounts. Investors who hold shares for fewer than 90 days will be assessed a 2.00% redemption fee.

Q. I see two expense ratios on your site - a net expense ratio and a gross expense ratio. I also see a "fee waiver" and "expense reimbursement." What does all of that mean? What am I actually paying? 

A. The net expense ratio represents the expenses that are actually deducted from your Fund assets. This ratio is the total of management fees (the amount owed to the Adviser - Motley Fool Asset Management - for managing the Fund) plus other expenses related to ongoing operations of the Fund (such as costs attributed to custody of shareholder investments, legal expenses, and payment to the Fund Transfer Agent, Distributor, and other partners), minus the fee waiver or expense reimbursement that Motley Fool Asset Management has agreed to give up, in order to keep fund fees manageable for investors. The gross ratio is higher than the net ratio because it reflects the total costs of fund operations, assuming the Adviser took all the payment to which it would have been entitled. The current waiver has been extended through the end of February 2016. Motley Fool Funds updates the fee waiver expiration date every year when it updates the Fund prospectus.

So, to make things simple: the net ratio equals the gross ratio, minus the fees waived or expenses reimbursed.

Q. Do you charge a fee for exchanging shares?

A. There is no fee to exchange shares. Please be aware that an exchange involves the redemption of shares and uses the proceeds to purchase shares of another fund. If you have held the shares you are exchanging for 90 days or less, you may be charged a 2.00% redemption fee. In addition, the 90-day holding period begins again immediately following an exchange.

Tax Questions

Q: When should I expect to receive my tax forms?

A: We'll begin to distribute forms at the end of January. We will update this page with more information when it becomes available.

Q: Where can I find 1099 forms and statements online?

A: Visit the Motley Fool Funds Your Account page and select "Access Your Account." Sign in to your account, and then scroll over the "Account Information" tab in the main navigation bar. Select "Statements & Tax Forms" and then select the statement or form you'd like to view.

Q: When should I expect to any receive tax forms for my IRA account?

A: We'll begin to distribute forms at the end of January. We will update this page with more information when it becomes available.

Q: I didn't receive any of the forms mentioned here. What should I do?

A: Forms may take eight to 10 days to arrive by postal mail. It's important to note here that not all shareholders will receive tax forms. If you have no reportable activity, you will not receive a tax form. Make sure that your account type and account activity require a form (see the 1099-DIV FAQ below).

You can also check your online account for forms. To view the documents, visit the Motley Fool Funds Your Account page and select "Access Your Account." Sign in to your account, and then scroll over the "Account Information" tab in the main navigation bar. Select "Statements & Tax Forms" and then click the "Tax Forms" tab on the page.

Q: Can I view my year-end distribution information for Motley Fool Funds on the Web?

A: Visit the Motley Fool Funds Your Account page and select "Access Your Account." Sign in to your account, and then scroll over the "Portfolio" tab in the main navigation bar. Select "Portfolio Summary" and choose the account to research. Click the account number, and on the next page, click on "Distribution Options" on the right side of the page. Your year-end distribution information will appear.

Q: What is the IRA contribution limit and deadline for making contributions?

A: The contribution deadline for a given year is April 15 of the following year, or whatever date the IRS designates as the income tax filing deadline in that year. The maximum annual IRA contribution is $5,500 if you are under age 50 or $6,500 if you are 50 or over.

Q: How can I make a contribution to an existing IRA?

A: Visit the Motley Fool Funds Your Account page and select "Access Your Account." Sign in to your account, and then scroll over the "Trading" tab in the main navigation bar. Select "Buy" and follow the detailed instructions to make a contribution.

Q: How do I find my cost basis information?

A: Visit the Motley Fool Funds Your Account page and select "Access Your Account." Sign in to your account, and then scroll over the "Portfolio" tab in the main navigation bar. Select "Portfolio Summary" and choose the account to research. Click the account number, and on the next page, click on "Cost Basis Details" on the right side of the page.

Q: How do I remove excess contributions I've made to an IRA?

A: Please refer to the IRA Distribution Request form, which we post in our Forms and Literature section. You will need to fill out and submit the form to Motley Fool Funds, P.O. Box 9780, Providence, RI, 02940. If you have additional questions, please call a Shareholder Services representative at 1-888-863-8803. Representatives are available Monday through Friday from 8 a.m. to 6 p.m. Eastern time.

Q: How do I convert, recharacterize, or reconvert an IRA?

A: Please call a Shareholder Services representative at 1-888-863-8803. Representatives are available Monday through Friday from 8 a.m. to 6 p.m. Eastern time.

Q: How do I import my tax information into TurboTax®?

A: At this time, we are not able to offer our shareholders a method to import their Motley Fool Funds tax information into TurboTax®.

Q: Where can I find details about qualified dividend income and dividends-received deduction?

A: Visit the Distributions & Taxes section available for the Independence Fund, Great America Fund, and Epic Voyage Fund.

Q: What are qualified dividends?

A: Qualified dividends are the portion of ordinary dividends (net investment income and short-term capital gains) you received that may be eligible for reduced tax rates. The qualified dividends will be reflected in box 1B of Form 1099-DIV.

Q. Why didn't I receive a Form 1099-DIV?

A. A Form 1099-DIV is produced only for certain account types and for amounts greater than $10. Shareholders are encouraged to keep their mailing address up to date. For more details, speak with a Motley Fool Funds Shareholder Services representative by calling 1-888-863-8803. Representatives are available Monday through Friday from 8 a.m. to 6 p.m. Eastern time.

Q. How are taxes handled in a joint tenancy account?

A. Where applicable, transactions are reported to the IRS using the primary owner's Social Security number. Please consult with a tax advisor for specific questions about your tax situation.

Contact Information

Q. What is the mailing address for Motley Fool Funds?

A. The regular mailing address is:

Motley Fool Funds
P.O. Box 9780
Providence, RI 02940-9780

The overnight mailing address is:

Motley Fool Funds
4400 Computer Drive
Westborough, MA 01581-1722

Q. What is the telephone number for Motley Fool Funds?

A. The telephone number is 1-888-863-8803. Representatives are available Monday through Friday from 8 a.m. to 6 p.m. Eastern time. You may also use the voice-activated telephone system to access account balances and complete select transactions 24 hours per day.

Q. What is the email address for Motley Fool Funds?

A. To send a general question or account-specific question, visit the Contact Us page on this site.

Q. I am a member of the media. Whom can I speak with about scheduling an interview?

A. To request an interview with a member of the Motley Fool Funds team, please contact Matt Trogdon at 814-933-6273 or mtrogdon@foolfunds.com.

Q. I am an investment professional with questions about the funds. Who can answer my questions?

A. If you are a financial planner or investment professional and are interested in Motley Fool Funds, please visit our Financial Advisors page.