##  [# 2 Motley Fool Mutual Funds Convert To ETFs](/sections/etf-watch/2-motley-fool-mutual-funds-convert-etfs) 

 

# 2 Motley Fool Mutual Funds Convert To ETFs

 

 

Approximately $942 million in assets will move over.



 

 

 

 

 [![DanMika200x200.jpg](/sites/default/files/styles/author_image_icon/public/2023-02/DanMika200x200.jpg?itok=W3yFiWn- "DanMika200x200.jpg")](/contributors/dan-mika) 

[By Dan Mika](/contributors/dan-mika)

 Dec 13, 2021

 Edited by: Dan Mika

 

 

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Motley Fool Asset Management completed converting two of its mutual funds into ETFs, bringing over about $942 million in assets in the change.

The [**Motley Fool Global Opportunities ETF (TMFG)**](https://www.sec.gov/Archives/edgar/data/831114/000139834421019227/fp0068931_485apos.htm) and the [**Motley Fool Mid-Cap Growth ETF (TMFM)**](https://www.sec.gov/Archives/edgar/data/831114/000139834421019227/fp0068931_485apos.htm) debuted on Cboe Global Markets Monday, both with expense ratios of 0.85%. That amounts to a fee cut of 25 and 24 basis points, respectively, from their mutual fund costs.

MFAM first announced [plans to convert](https://www.etf.com/sections/daily-etf-watch/motley-fool-convert-2-mutual-funds?nopaging=1) in late September.

TMFG is an actively managed fund where asset managers select holdings based on a “quality growth” strategy. In normal economic conditions, the ETF will invest at least 40% of its assets into ADRs for non-U.S. companies.

TMFG beat its benchmark FTSE Global All Cap Net Tax Index in 2020 as a mutual fund, with total returns of 35.89% versus the index’s 16.46%. However, it has only returned 4.17% year-to-date.

TMFM aims to outperform the Russell Midcap Growth Total Return Index with an active strategy of holding around 30 stocks at a time. The fund produced returns of 32.57% last year but trailed its benchmark by 2.3% and has produced returns of just 2.44% year-to-date.

The amount of funds brought into the ETF industry by way of mutual fund conversion now stands at about $36.7 billion so far this year as of launch, with the majority coming from Dimensional Fund Advisors’ conversion of [$28.65 billion](https://www.etf.com/sections/features-and-news/dimensional-provides-etf-conversion-map?nopaging=1) in assets at the time in June.

J.P. Morgan intends to [convert four mutual funds](https://www.etf.com/sections/features-and-news/jp-morgan-convert-4-mutual-funds?nopaging=1) into ETFs sometime in 2022, with those funds having a combined value of just over $9 billion as of Dec. 9.

*Contact Dan Mika at* [***dan.mika@etf.com***](mailto:dmika@etf.com)*, and follow him on* [***Twitter***](https://twitter.com/DanMikaTweets)



 

 

 [ Dan Mika ](/contributors/dan-mika) 

 

 

  Dan Mika is a reporter for etf.com. He has previously covered business for the Ames Tribune and Cedar Rapids Gazette in Iowa, and BizWest Media in…   [View Bio](/contributors/dan-mika)

 



 

 


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