I just used Yahoo! Finance's historical database to download all of this fund's adjusted closing prices (i.e., adjusted for splits and dividends). I then compared this fund's annualized performance to that of the S&P 500 Index and even the Russell 2000 Small Cap Index for the same historical period (8/20/2009 to 9/27/13).
By my calculations, here are my results:
Motley Fool Independence Fund (before fees and expenses):
Annualized Standard Deviation=16.89%
S&P 500 Index (before fees and expenses):
Annualized Standard Deviation=17.20%
Russell 2000 Small Cap Index (before fees and expenses):
Annualized Standard Deviation=23.97%
Clearly, one is better off ju8st investing in a low expense S&P 500 Index fund.
I think Head Fools Tom and David have lost some of their credibility.