TMFC: Why This Closet Nasdaq 100 Fund Is Now Underperforming
Source: SeekingAlpha
2026-03-03 17:01:30 ET
I have never been a big fan of the Motley Fool 100 Index ETF ( TMFC ). My main issue with it is less about what it is and more about what it is not: a differentiated, value-add fund that helps its investors to produce alpha. This is due to the ETF's quasi-closet index properties: holding TMFC is very much like owning a lower-cost Nasdaq 100 fund ( QQQ ), but at a management fee premium to the ETF manager of just north of 30 bps (i.e., a total annual transfer of about $9 million from investors to Motley Fool Asset Management, given the current AUM of $1.88 billion )....
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TMFC: Why This Closet Nasdaq 100 Fund Is Now Underperforming
Motley Fool 100 Index ETF
NASDAQ: TMFC
TMFC Trading
0.77% G/L:
$ Last:
43,604 Volume:
$27.34 Open:
