ETF Evaluator:
Motley Fool Next ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Mid-Cap Growth Over the Last Year
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ETF Details
Motley Fool Next ETF Overview
Motley Fool Next ETF (TMFX) is a passively managed U.S. Equity Mid-Cap Growth exchange-traded fund (ETF). Motley Fool launched the ETF in 2021.
The investment seeks investment results that correspond (before fees and expenses) generally to the total return performance of the Motley Fool Next Index.
The index was established by TMF in 2021 and is a proprietary, rules-based index designed to track the performance of mid- and small-capitalization U.S. companies that have been recommended by TMF’s analysts and newsletters. Under normal circumstances, at least 80% of the fund’s total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. It is non-diversified.
About Motley Fool Next ETF (TMFX)
There are 3 members of the management team with an average tenure of 2.92 years: William Mann (2025), Anthony Arsta (2021) and Charles Travers (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Motley Fool Next TR USD index with a weighting of 100%. Motley Fool Next ETF has 200 securities in its portfolio. The top 10 holdings constitute 15.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Motley Fool Next ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Motley Fool Next ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.3% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Motley Fool Next ETF has 0.8% of the portfolio in cash.
Assets Under Management
The fund has $32 million in total assets, which is below the $1 billion average for the Mid-Cap Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
TMFX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Motley Fool Next ETF expense ratio is average compared to funds in the Mid-Cap Growth category. Motley Fool Next ETF has an expense ratio of 0.50%, which is 5% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Motley Fool Next ETF has a portfolio turnover rate of 27%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 166% for the Mid-Cap Growth category.
Recently, in the month of July 2026, Motley Fool Next ETF returned 0.8%, which earned it a grade of A, as the Mid-Cap Growth category had an average return of -6.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Motley Fool Next ETF has a trailing yield of 0.05%, which is below the 0.41% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Motley Fool Next ETF Grades
Year to date, the ETF has returned 6.9%, 2.6 percentage points worse than the category, which translates into a grade of C. The fund has returned 10.4% over the past year (grade of C) and 11.7% over the past three years (grade of D).
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TMFX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TMFX Return (NAV) | 0.8% | 10.1% | 10.4% | 11.7% | na | na |
| TMFX Return (Price) | 1.0% | 10.3% | 10.6% | 11.8% | na | na |
| NAV +/- Price Return | -0.238% | -0.209% | -0.268% | -0.092% | na | na |
| Mid-Cap Growth Avg | -6.0% | 2.2% | 13.8% | 14.5% | 4.1% | 11.9% |
| TMFX Grade (NAV) | A | A | C | D | na | na |
| +/- Category (NAV) | 6.8% | 7.9% | -3.4% | -2.8% | na | na |
| TMFX Tax-Cost Ratio | na | na | 0.0% | 0.0% | na | na |
TMFX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TMFX Return (NAV) | 6.9% | 10.3% | 16.0% | 17.9% | -27.9% | na | na | na | na | na | na |
| TMFX Return (Price) | 7.0% | 10.4% | 16.0% | 17.9% | -28.2% | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.014% | 0.007% | 0.005% | 0.001% | 0.010% | na | na | na | na | na | na |
| Mid-Cap Growth Avg | 9.5% | 11.5% | 20.5% | 23.6% | -30.6% | 9.4% | 50.3% | 29.2% | -8.2% | 29.5% | 7.9% |
| TMFX Grade (NAV) | C | B | D | D | C | na | na | na | na | na | na |
| +/- Category | -2.6% | -1.1% | -4.6% | -5.7% | 2.7% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.20 |
| R-Squared: | 75% |
| Standard Deviation: | 18.2% |
| Category Risk Index: | 0.86 |
| Category Risk Rating: | Average |
| Total Risk Index: | 1.48 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 0.1% |
| Total Assets: | $ 33 Mil |
| Share Class Assets: | $ 33 Mil |
| Turnover: | 27.0% |
| Expense Ratio: | 0.50% |
| Index Fund: | Yes |
| Index Tracked: | Russell 3000 TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 4.6 years | |||
| Average Tenure: 2.9 years | |||
| Managers (Year): Arsta Anthony (2021), Travers Charles (2023), Mann William (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 200 |
| % in Top 10 Holdings: | 15.6% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 99.3% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.0% |
| Cash: | 0.8% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Motley Fool |
| Phone Number: | 703-302-1100 |
| Website: | www.rbbfund.com |
| Inception Date: | December 30, 2021 |
Expenses and Fees
| Expense Ratio (%): | 0.50% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.53% |
