Motley Fool Innovative Growth ETF

Key Statistics

Historical Performance

Total return including reinvested distributions, from adjusted closing prices.

Top Holdings

Top 25 holdings as of Feb 28, 2026 · source: SEC N-PORT. Full holdings & prospectus →

About MFIG

The Innovative Growth Fund is an exchange-traded fund (“ETF”) and employs a “passive management” – or indexing – investment approach designed to track the total return performance, before fees and expenses, of the Innovative Growth Index. Motley Fool Asset Management, LLC (the “Adviser”) serves as the investment adviser to the Innovative Growth Fund. The Motley Fool Innovative Growth Index The Innovative Growth Index was established in 2025 by Motley Fool Investment Analytics, LLC (the “Index Provider”), and isa proprietary, rules-based index designed to track the performance of the highest scoring stocks of U.S. companies, measured by a stock’sInnovative Growth Factor Score, that have been recommended by the analysts and newsletters of The Motley Fool, LLC (“TMF”)and that also meet certain liquidity requirements. Both the Index Provider and TMF are affiliates of the Adviser. Innovative Growth is a measure of a stock’s attractiveness based on measures of recent and expected future growth, such as realized sales growth, margin improvement, growth flow and investment intensity. The Index Provider’s “recommendation universe” includes all companies domiciled in the United States that are either active recommendations of a newsletter published by TMF or are among the 150 highest rated U.S. companies in TMF’s analyst opinion database, subject to universe continuity rules. With respect to universe continuity, the Innovative Growth Index is constructed utilizing a buffering methodology. The buffer is intended to reduce index turnover from movements in constituent weightings that could result in a company dropping out of the index only to be added back with the next rebalance. Specifically, stocks ranked in the top 105 positions based on TMF’s analyst opinion database (70% of the 150-stock target) are automatically included in the candidate universe. Additionally, companies that were previously eligible based on their TMF analyst ratings will still be included as long as their rank is equal to or better than 195 (130% of the 150-stock target). Stocks are then added based on conviction score rank until the 150-stock target is reached. Companies that meet the requirements for universe inclusion must also meet the minimum requirements for liquidity and for calculating the Innovative Growth Factor Score. Specifically, the liquidity requirements mandate that at least $1 million worth of a company’s shares trade daily, on average, during the preceding three months. With respect to calculating innovative growth, a stock must be assigned numerical values for each of the three component scores that comprise the Innovative Growth Factor Score. Additionally, stocks must have positive raw values for each Innovative Growth component score in order to be included in the candidate stock universe for the Innovative Growth Index on a given weighting date. The Index Provider’s proprietary Innovative Growth Factor Score is a composite score that utilizes modified calculations of growth metrics such as long-term growth, gross profit growth, earnings per share forecasts and revisions, and investment intensity to assess a company’s innovative growth attractiveness. To determine final index membership, candidate stocks are first ranked based on their composite Innovative Growth Factor Scores. The top 100 stocks are then selected based on index continuity rules. If fewer than 100 stocks remain after liquidity and metric-specific growth screens are applied, then all eligible securities are included in the index. Each selected company’s share of the Innovative Growth Index (or “weighting”) is set to equal the company’s share of all Innovative Growth Index companies’ aggregate market value multiplied by their respective Innovative Growth Factor Scores. A maximum position size limit of 4.8% is also enforced (tested at the time of rebalancing and subject to index continuity rules). The Innovative Growth Index is reconstituted and rebalanced quarterly. The index methodology for the Innovative Growth Index applies an enhanced calculation logic to reconstitutions and special month-end rebalances as needed to keep the Innovative Growth Index constituent weights in conformity with tax code diversification requirements for registered investment companies. When applicable, position weights will be adjusted during a reconstitution or special rebalance to ensure that no individual position exceeds 24% of the Innovative Growth Index and the percentage of the Innovative Growth Index comprised of individual positions in excess of 4.8% does not cumulatively exceed 48%.The Innovative Growth Index will typically include 70-100 companies at any one time and may contain companies of any size capitalization. The Innovative Growth Index is calculated and administered by VettaFi, LLC (the “Index Calculation Agent”), which is not affiliated with the Innovative Growth Fund or the Adviser. The Index Provider also serves as the Adviser to the Innovative Growth Fund. Additional information regarding the Innovative Growth Index, including its value, is available on the websites of the Innovative Growth Index at www.foolindices.com and the Index Calculation Agent, at www.vettafi.com. The Innovative Growth Fund’s Investment Strategy Under normal circumstances, at least 80% of the Innovative Growth Fund’s total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the Innovative Growth Index. The Adviser expects that, over time, if it has sufficient assets, the correlation between the Innovative Growth Fund’s performance and that of the Innovative Growth Index, before fees and expenses, will be 95% or better. The Innovative Growth Fund will generally use a “replication” strategy to achieve its investment objective, meaning it generally will invest in all of the component securities of the Innovative Growth Index. However, the Innovative Growth Fund may use a “representative sampling” strategy, meaning it may invest in a sample of the securities in the Innovative Growth Index whose risk, return and other characteristics closely resemble the risk, return and other characteristics of the Innovative Growth Index as a whole, when the Adviser believes it is in the best interests of the Innovative Growth Fund (e.g., when replicating the Innovative Growth Index involves practical difficulties or substantial costs, a Innovative Growth Index constituent becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations that apply to the Innovative Growth Fund but not to the Innovative Growth Index). The Innovative Growth Fund generally may invest up to 20% of its total assets (exclusive of any collateral held from securities lending) in securities or other investments not included in the Innovative Growth Index, but which the Adviser believes will help the Innovative Growth Fund track the Innovative Growth Index. For example, the Innovative Growth Fund may invest in securities that are not components of the Innovative Growth Index to reflect various corporate actions and other changes to the Innovative Growth Index (such as reconstitutions, additions and deletions). The Innovative Growth Fund is non-diversified for the purposes of the Investment Company Act of 1940, as amended (“1940 Act”), which means that the Innovative Growth Fund may invest in fewer securities at any one time than a diversified fund. To the extent the Innovative Growth Index concentrates (i.e., holds more than 25% of its total assets) in the securities of a particular industry, the Innovative Growth Fund will concentrate its investments to approximately the same extent as the Innovative Growth Index. The Innovative Growth Fund may also seek to increase its income by lending securities. The Innovative Growth Fund has elected to be, and intends to qualify each year for treatment as, a regulated investment company (“RIC”) under Subchapter M of Subtitle A, Chapter 1, of the Internal Revenue Code of 1986, as amended (the “Code”).

MFIG News

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