How Motley Fool Funds came to be.

Motley Fool Asset Management (MFAM) was established in 2008 by The Motley Fool Holdings, Inc., a multimedia financial-services company located in Alexandria, Va.

Launched in June 2009, the Motley Fool Independence Fund was the first of MFAM's envisioned family of mutual funds. Inspired by The Motley Fool's philosophy and values, the Independence Fund strives to deliver long-term performance, with an emphasis on independent investment thinking and disciplined financial analysis -- plus Foolishly clear shareholder communications. The Fund is managed by Bill Mann, a seasoned equities analyst who previously served as the senior advisor of the Motley Fool Hidden Gems and Hidden Gems Pay Dirt small-cap investment services, and was the founding advisor for the Motley Fool Global Gains international-stock newsletter.

In November 2010, MFAM introduced Motley Fool Great America Fund, which invests primarily in common stocks of companies organized in the United States. The Great America Fund is managed by the same portfolio team as the Independence Fund and follows the same investment strategy.

Founded in 1993 by brothers David and Tom Gardner, The Motley Fool is dedicated to building the world's greatest investment community. Reaching millions of people every month through a website, books, a newspaper column, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor.

The company's name was taken from Shakespeare, whose wise fools not only instructed and amused the king but could also speak the truth to him -- without getting their heads lopped off.