Zacks Investment ResearchT3·33mo ago
TMFX Motley Fool Next Index ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
TMFX
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Key stats
About
Motley Fool Next Index ETF (TMFX) ETF
No description available.
- Exchange
- BATS
- Inception
- 2021-12-30
- Has Options
- No
Fund profile
holdings as of May 31, 2026SEC filingthrough May 2026flows, SEC filings
- Expense ratio
- 0.50% prospectus, filed Jan 5, 2026
- Assets
- $37M shares × price, Oct 9, 2026
- Trailing yield
- 0.04% paid annual
- Average daily volume
- $301K 30 sessions
- Holdings
- 190 top 10 are 17.5%
- Listed
- Dec 30, 2021 Cboe BZX
Cost39
Liquidity16
Scale21
Diversification100
Moves with. US large-cap stocks (58% of its variance, beta 1.08); Small caps over large (14% of its variance, beta 0.50); Bitcoin (4% of its variance, beta 0.03). These factors explain 71% of its daily moves over the last year.
Stated objective. The Motley Fool Next Index ETF (the Next Fund) seeks investment results that correspond (before fees and expenses) generally to the total return performance of the Motley Fool Next Index (the Next Index for more on this, see the Principal Investment Strategies section). (from the fund's prospectus)
All 190 holdingsFlow historySimilar fundsOverlap toolAll Mid Cap Blend ETFs
Fund flows
through May 2026SEC filings- May 2026
- −$1.1M latest reported month
- Latest 3 months
- −$1.7M −5.3% of assets
- Latest 12 months
- −$2.3M −7.2% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | −$1.1M |
| Apr 2026 | −$4.0M |
| Mar 2026 | +$3.4M |
| Feb 2026 | $0 |
| Jan 2026 | −$1.1M |
| Dec 2025 | $0 |
| Nov 2025 | $0 |
| Oct 2025 | −$2.7M |
| Sep 2025 | +$2.7M |
| Aug 2025 | $0 |
| Jul 2025 | $0 |
| Jun 2025 | +$502K |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 54 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| MFVLMotley Fool Value Factor ETF | 29% | 0.50% | $7.4M | — | compare |
| VBKVanguard Morningstar Small-Cap Growth ETF | 25% | 0.05% | $23.4B | +12.8% | compare |
| IVOGVanguard S&P Mid-Cap 400 Growth ETF | 22% | 0.10% | $1.6B | +16.0% | compare |
| ISCGiShares Morningstar Small-Cap Growth ETF | 21% | 0.06% | $967M | +11.3% | compare |
| QQQJInvesco NASDAQ Next Gen 100 ETF | 21% | 0.15% | $1.2B | +23.5% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of May 31, 2026SEC filing- Holdings vs fair value
- +7.1% 37% under, 28% over · 99% covered
- Price / earnings
- 32.1 14% loss-making · 99% covered
- Price / book · sales
- 3.7 · 2.2 revenue growth +12.6%
- Above 200-day average
- 51% 39% above 50-day · by weight
- Short interest
- 8.4% of float, weighted · 4.1 days to cover
- Insider buying
- 9% of weight had net insider buying, 90 days; 61% net selling
- 13F holders
- +2.1% change in shares held by institutions, latest quarter
- Reporting earnings
- 1.9% of weight in 7 days; 8.2% in 14
Holdings reporting in the next 14 days · weighted implied move this week 0.11%
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
What changed in the portfolio
Feb 28, 2026 → May 31, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Exit | FIXComfort Systems USA Inc | 2.32% | — | — |
| Exit | UIUbiquiti Inc | 2.21% | — | — |
| Exit | WABWestinghouse Air Brake Technol | 2.15% | — | — |
| Exit | SYYSysco Corp | 2.08% | — | — |
| Exit | COHRCoherent Corp | 1.93% | — | — |
| Exit | HEIHEICO Corp | 1.84% | — | — |
| Exit | EQTEQT Corp | 1.78% | — | — |
| Exit | LYVLive Nation Entertainment Inc | 1.77% | — | — |
| New position | RDDTReddit Inc | — | 1.69% | — |
| Exit | EMEEMCOR Group Inc | 1.55% | — | — |
17 new, 22 exited, 5 increased and 1 decreased between the fund's two latest holdings reports; turnover 26.9%. Full holdings and history
ETF Profile
holdings as of 2026-08-31
Holdings
196
AUM
$32.2M
Provider
Nport
Inception
2021-12-30
Exchange
BATS
Data As Of
2026-08-31
Expense Ratio
0.50%
Dividend Yield
0.04%
Distribution
Annual
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2025-12-18 | 2025-12-19 | $0.0109 | CD |
| 2024-12-17 | 2024-12-18 | $0.0121 | CD |
| 2023-12-13 | 2023-12-15 | $0.0277 | CD |
| 2022-12-14 | 2022-12-16 | $0.0314 | CD |
Asset Allocation
Top Holdings
top 50 of 196 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| FIX | Comfort Systems USA Inc | 2.32% | Equity (common) | US |
| UI | Ubiquiti Inc | 2.21% | Equity (common) | US |
| WAB | Westinghouse Air Brake Technol | 2.15% | Equity (common) | US |
| SYY | Sysco Corp | 2.08% | Equity (common) | US |
| COHR | Coherent Corp | 1.93% | Equity (common) | US |
| HEI | HEICO Corp | 1.84% | Equity (common) | US |
| EQT | EQT Corp | 1.78% | Equity (common) | US |
| LYV | Live Nation Entertainment Inc | 1.77% | Equity (common) | US |
| EME | EMCOR Group Inc | 1.55% | Equity (common) | US |
| IBKR | Interactive Brokers Group Inc | 1.51% | Equity (common) | US |
| CBOE | Cboe Global Markets Inc | 1.49% | Equity (common) | US |
| ULTA | Ulta Beauty Inc | 1.42% | Equity (common) | US |
| ROL | Rollins Inc | 1.39% | Equity (common) | US |
| BIIB | Biogen Inc | 1.34% | Equity (common) | US |
| TSCO | Tractor Supply Co | 1.30% | Equity (common) | US |
| MDB | MongoDB Inc | 1.27% | Equity (common) | US |
| MKL | Markel Group Inc | 1.25% | Equity (common) | US |
| CASY | Casey's General Stores Inc | 1.21% | Equity (common) | US |
| XPO | XPO Inc | 1.17% | Equity (common) | US |
| WSM | Williams-Sonoma Inc | 1.17% | Equity (common) | US |
| VLTO | Veralto Corp | 1.15% | Equity (common) | US |
| DGX | Quest Diagnostics Inc | 1.12% | Equity (common) | US |
| MTZ | MasTec Inc | 1.10% | Equity (common) | US |
| NVR | NVR Inc | 1.07% | Equity (common) | US |
| SOFI | SoFi Technologies Inc | 1.06% | Equity (common) | US |
| BR | Broadridge Financial Solutions | 1.03% | Equity (common) | US |
| ASTS | AST SpaceMobile Inc | 1.03% | Equity (common) | US |
| P | Pure Storage Inc | 1.01% | Equity (common) | US |
| MRNA | Moderna Inc | 1.00% | Equity (common) | US |
| FSLR | First Solar Inc | 0.99% | Equity (common) | US |
| ILMN | Illumina Inc | 0.98% | Equity (common) | US |
| ALAB | Astera Labs Inc | 0.95% | Equity (common) | US |
| MKC | McCormick & Co Inc/MD | 0.91% | Equity (common) | US |
| SSNC | SS&C Technologies Holdings Inc | 0.87% | Equity (common) | US |
| TWLO | Twilio Inc | 0.87% | Equity (common) | US |
| RBC | RBC Bearings Inc | 0.86% | Equity (common) | US |
| PODD | Insulet Corp | 0.83% | Equity (common) | US |
| TXT | Textron Inc | 0.83% | Equity (common) | US |
| IOT | Samsara Inc | 0.79% | Equity (common) | US |
| TOST | Toast Inc | 0.76% | Equity (common) | US |
| WSO | Watsco Inc | 0.76% | Equity (common) | US |
| INVH | Invitation Homes Inc | 0.74% | Equity (common) | US |
| H | Hyatt Hotels Corp | 0.73% | Equity (common) | US |
| TYL | Tyler Technologies Inc | 0.73% | Equity (common) | US |
| RPM | RPM International Inc | 0.70% | Equity (common) | US |
| ROKU | Roku Inc | 0.69% | Equity (common) | US |
| FIG | Figma Inc | 0.67% | Equity (common) | US |
| WCC | WESCO International Inc | 0.67% | Equity (common) | US |
| HAS | Hasbro Inc | 0.67% | Equity (common) | US |
| HUBS | HubSpot Inc | 0.66% | Equity (common) | US |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -- | -10.78% | 10.78% | -1.45% | 6.38% | -1.18% | 0.75% |
| Feb | -- | -2.14% | -4.47% | 4.18% | -4.72% | -0.24% | -1.48% |
| Mar | -- | 1.28% | -0.26% | 1.39% | -4.90% | -7.65% | -2.03% |
| Apr | -- | -12.73% | -2.08% | -5.20% | -1.49% | 4.49% | -3.40% |
| May | -- | -5.26% | 0.04% | 2.90% | 8.42% | 6.13% | 2.45% |
| Jun | -- | -6.41% | 7.05% | 1.00% | 3.80% | -0.09% | 1.07% |
| Jul | -- | 8.71% | 3.27% | 3.56% | 1.87% | -0.88% | 3.31% |
| Aug | -- | -1.83% | -3.97% | 3.27% | 4.11% | 5.15% | 1.35% |
| Sep | -- | -8.77% | -7.08% | 5.52% | 1.63% | -3.10% | -2.36% |
| Oct | -- | 5.10% | -6.52% | 0.24% | 0.33% | 2.82%* | 0.39% |
| Nov | -- | 3.58% | 12.26% | 11.16% | -0.86% | -- | 6.54% |
| Dec | 0.00% | -7.07% | 6.95% | -5.61% | 1.19% | -- | -0.91% |
| Total | 0.00% | -32.60% | 14.48% | 21.73% | 15.93% | 4.74% | 4.05% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $23.86
SMA 50: $24.10
SMA 200: $22.29
Current: $24.40
EMA 12: $23.97
EMA 26: $23.94
MACD: 0.0250 | Signal: 0.0650
BEARISH
ADX (14): 16.84
RANGE
+DI: 35.23
−DI: 23.18
Momentum Oscillators
RSI (14): 60.03
NEUTRAL
Stoch %K: 78.92
Stoch %D: 73.10
Williams %R: 0.00
Volume & Volatility
BB Upper: $24.27
BB Lower: $23.45
OVERBOUGHT
OBV: 114,362
Vol SMA 20: 12,988
Vol ROC: 308.26%
ATR: $0.31
True Range: $0.30
HV 20: 13.0%
HV 30: 14.6%
HV 60: 17.5%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-11T00:00:00 – 2026-10-09T00:00:00
AI Analysis
Click Frenzy-Pro™ for an AI analysis of this ticker.
Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.
News
All TMFX news →
TMFX Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 1.0112
Alpha: -3.10%
Correlation: 0.7360
R-Squared: 54.2%
Stock Volatility: 17.9%
Market Volatility: 13.0%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Above average volatility - stock moves with market amplification
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time
TMFX Institutional Ownership (13F)
Latest filings — 2026-06-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|