Motley Fool Momentum Factor 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 MFMO

The Momentum 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 Momentum Index. Motley Fool Asset Management, LLC (the “Adviser”) serves as the investment adviser to the Momentum Fund. The Motley Fool Momentum Index TheMomentum Index was established in 2025 by Motley Fool Investment Analytics, LLC (the “Index Provider”), and is a proprietary,rules-based index designed to track the performance of the highest scoring stocks of U.S. companies, measured by a stock’s momentum,that have been recommended by the analysts and newsletters of The Motley Fool, LLC (“TMF”) and that also meet certain liquidityrequirements. Both the Index Provider and TMF are affiliates of the Adviser. Momentum is a measure of a stock’s relative strength based on its recent market performance and/or the performance of similar stocks. 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 Momentum 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 Momentum 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 momentum, a stock must be assigned numerical values for each of the three component scores that comprise the Momentum Factor Score. Additionally, stocks must have a positive Core Momentum score in order to be included in the candidate stock universe for the Momentum Index on a given weighting date. The Index Provider’s proprietary Momentum Factor Score is a composite score that incorporates price momentum, factor momentum, and other relative strength metrics in assessing a company’s composite momentum. To determine final index membership, candidate stocks are first ranked based on their composite scores. The top 100 stocks are then selected based on index continuity rules. If fewer than 100 stocks remain after liquidity and core momentum screens are applied, then all eligible securities are included in the index. Each selected company’s share of the Momentum Index (or “weighting”) is set to equal the company’s share of all Momentum Index companies’ aggregate market value multiplied by their respective Momentum 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 Momentum Index is reconstituted and rebalanced quarterly. The index methodology for the Momentum Index applies an enhanced calculation logic to reconstitutions and special month-end rebalances as needed to keep the Momentum 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 Momentum Index and the percentage of the Momentum Index comprised of individual positions in excess of 4.8% does not cumulatively exceed 48%.The Momentum Index will typically include 70-100 companies at any one time and may contain companies of any size capitalization. The Momentum Index is calculated and administered by VettaFi, LLC (the “Index Calculation Agent”), which is not affiliated with the Momentum Fund or the Adviser. The Index Provider also serves as the Adviser to the Momentum Fund. Additional information regarding the Momentum Index, including its value, is available on the websites of the Momentum Index at www.foolindices.com and the Index Calculation Agent, at www.vettafi.com. The Momentum Fund’s Investment Strategy Under normal circumstances, at least 80% of the Momentum Fund’s total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the Momentum Index. The Adviser expects that, over time, if it has sufficient assets, the correlation between the Momentum Fund’s performance and that of the Momentum Index, before fees and expenses, will be 95% or better. The Momentum 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 Momentum Index. However, the Momentum Fund may use a “representative sampling” strategy, meaning it may invest in a sample of the securities in the Momentum Index whose risk, return and other characteristics closely resemble the risk, return and other characteristics of the Momentum Index as a whole, when the Adviser believes it is in the best interests of the Momentum Fund (e.g., when  replicating the Momentum Index involves practical difficulties or substantial costs, a Momentum Index constituent becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations that apply to the Momentum Fund but not to the Momentum Index). The Momentum 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 Momentum Index, but which the Adviser believes will help the Momentum Fund track the Momentum Index. For example, the Momentum Fund may invest in securities that are not components of the Momentum Index to reflect various corporate actions and other changes to the Momentum Index (such as reconstitutions, additions and deletions). The Momentum Fund is non-diversified for the purposes of the Investment Company Act of 1940, as amended (“1940 Act”), which means that the Momentum Fund may invest in fewer securities at any one time than a diversified fund. To the extent the Momentum Index concentrates (i.e., holds more than 25% of its total assets) in the securities of a particular industry, the Momentum Fund will concentrate its investments to approximately the same extent as the Momentum Index. The Momentum Fund may also seek to increase its income by lending securities. The Momentum 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”).

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