It is not for the faint of heart. If a few of the largest holdings do poorly, the entire fund could suffer. On the upside, the fund has the potential to beat the market. There is a 2 percent redemption fee on the fund if you cash out within the first 90 days. Besides letting you view holdings online, the fund group plans on providing shareholders with lots of other information.
Detailed data are available on both the fund and each holding.
You'll be able to learn the average cost paid for the stock, percentage of the fund assets the company represents and stock's current value. Shareholders also can get e-mail notification when the fund managers post new commentary about the fund on the website. All this information sounds great. But the bottom line is whether the fund will deliver on its promise of super-charged returns. Only time will tell.