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At a Glance
Morningstar Rating
Overall rating applies to investor class shares only. Based on risk-adjusted returns, as of 09/30/2018, out of 540 Mid-Cap Growth Funds.

Quick Facts & Daily Price As of 10/13/2018
Category Class Ticker NAV Change ($) Change (%) Inception Date
Mid-Cap Growth Investor TMFGX $24.33 $0.36 1.50% 11/01/2010
Institutional FOGIX $24.49 $0.36 1.49% 06/17/2014

Fund Overview

The Motley Fool Small-Mid Cap Growth Fund seeks excellent small and mid-cap companies at what we consider to be attractive prices. We look for well-managed companies that boast strong financial positions and operate in industries that our management team truly understands. 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. We purchase high quality businesses with an intention to hold for years because long-term buy and hold investing allows for value to compound in a tax efficient manner. We will sell when business quality deteriorates or the valuation of the shares becomes unattractive. As part of our assessment to sell shares, we consider industry developments including technological advances, intensifying competition, and regulatory changes.
Top Holdings As of 09/30/2018
Holding Percentage
XPO Logistics Inc 7.69%
Align Technology Inc 5.02%
Paycom Software Inc 4.14%
Cooper Companies Inc 4.03%
Texas Roadhouse Inc 4.01%
GrubHub Inc 3.91%
ResMed Inc 3.58%
Paylocity Holdings Corp 3.30%
Splunk Inc 3.30%
Jones Lang LaSalle Inc 3.28%
LCI Industries 3.23%

1 Trailing Total Returns are shown net of fund management and operating expenses. For periods greater than one year, average annual total returns are shown.

The Morningstar RatingTM for funds, or 'star rating', is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. As of 09/30/2018, Motley Fool Small-Mid Cap Growth Fund was rated among 540 Mid-Cap Growth funds in the last three years and received a 3-star rating. As of 09/30/2018, Motley Fool Small-Mid Cap Growth Fund was rated among 483 Mid-Cap Growth funds in the last five years and received a 3-star rating.

Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10- year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Past performance is no guarantee of future results.

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