Author Archives: Nate Barksdale

  1. Eventide’s Business Continuity Plan

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    Eventide Asset Management, LLC has developed a business continuity plan addressing how we will respond to events that significantly disrupt our business. In short, our business continuity plan is designed to permit our firm to resume operations as quickly as possible, given the scope and severity of the significant business disruption. Significant business disruptions can vary in their scope, from impacting one of our locations to having an impact on multiple locations. Within each of these locations, the severity of the disruption can also vary from minimal to severe. In a disruption to only one location, we plan to transfer our operations to a different location when needed and expect to recover and resume business within a few hours. In a disruption affecting a specific region, we plan to transfer our operations to a site outside of the affected area, and recover and resume business within a couple of hours. In either situation, we plan to continue business operations and provide necessary updates through this website.

    If you have questions about our business continuity planning, you can contact us at info@eventidefunds.com

  2. Eventide Dividend Opportunities Fund Celebrates 3-Year Anniversary

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    BOSTON, MA (September 30, 2020) – The Eventide Dividend Opportunities Fund (NASDAQ: ETIDX) celebrated its 3-year anniversary on September 29, 2020. The Fund completed the three-year period ending September 30, 2020 with a 5-star overall rating from Morningstar. Additionally, the fund ranked in the top 3% of the Morningstar Mid Cap Blend category for total return out of 368 funds for the 3-year period and the top 5% out of 403 funds for the one-year period.

    The Eventide Dividend Opportunities Fund seeks to provide dividend income and long-term capital appreciation with a secondary objective of dividend growth by investing in companies that Eventide believes have sustainable and growing dividends.

    Eventide Director of Investment Research and Eventide Dividend Opportunities Fund lead portfolio manager Dolores Bamford had this to say about the Fund’s anniversary: “The Eventide Dividend Opportunities Fund was created three years ago to give investors an option to invest in dividend-paying companies they believe in while still pursuing their own financial goals. My team and I continually have the values and financial goals of our investors in mind as we seek to invest in high-quality, dividend-paying companies that we believe are creating value for their stakeholders and making a positive impact on the world and the wellbeing of society.”

    Eventide CEO Robin John also commented, “We couldn’t be more pleased with Dolores’s vision and execution in the Eventide Dividend Opportunities Fund. Eventide’s values-based approach to investing is at the heart of her investment philosophy, and the Fund’s track record reflects her competency as a portfolio manager. As with all of our funds, the Eventide Dividend Opportunities Fund gives investors the opportunity to change the world for the better through the very act of investing.”

    The Eventide Funds are managed by Eventide Asset Management, LLC, a Boston-based registered investment adviser managing more than $6 billion in net assets.

    The Fund is available in four share classes – Class A (NASDAQ: ETADX), Class C (NASDAQ: ETCDX), Class N (NASDAQ: ETNDX), and Class I (NASDAQ: ETIDX).

    Fund Contact:
    Harry Nelson 877-771-EVEN (3836)

    © 2020 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

    Morningstar is an independent provider of financial information. Morningstar rankings are not intended to constitute investment advice. Rather, you should use the rankings for informational purposes only. Rankings are only one form of performance measurement.

    Morningstar percentile ranking is an investment’s total return percentile rank against others in its Morningstar Category, ranging from 1 (best) to 100 (worst). The ranking does not account for sales loads, where applicable.

    Morningstar’s ranking of ETIDX is based on the Fund’s performance from its inception date of September 29, 2017 to September 30, 2020.

    Morningstar’s overall star rating is as of 9/30/2020 for the Fund’s Class I shares compared to 368 funds in the Mid Cap Blend category, based on Morningstar Risk-Adjusted Return. The Fund’s Class I was rated 5 stars against 381 US Open-End Mid-Cap Blend funds for the 3 Yr period.. The overall star rating is derived from a weighted average of performance associated with its 3-year, 5-year and 10-year (where applicable) Morningstar Rating metrics.

    There is no guarantee that the Fund will meet its objectives.

    Mutual funds involve risk including the possible loss of principal. Past performance does not guarantee future results. The Fund’s ethical values screening criteria could cause it to under-perform similar funds that do not have such screening criteria. The Fund can have risk related to option investing. Companies in the utilities sector are subject to interest rate risk and cash flow risk. Companies in the technology industries have different risks including but not limited to products becoming obsolete, and entrance of competing products. Companies in the industrial sector carry various risks including, but not limited to, risk related to debt loads, intense competition, and sensitivity to economic cycles. There are unique risks associated with convertible securities, emerging markets, foreign securities, MLPs, preferred stocks, REITs, small cap stocks, securities, and yieldcos that are covered in the Fund’s prospectus and SAI.

    Investors should consider a fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information can be found in the prospectus, which can be obtained at www.eventidefunds.com or by calling 1-877-771-EVEN (3836). Please read the prospectus carefully before investing. Eventide Mutual Funds are distributed by Northern Lights Distributors, LLC, Member FINRA/SIPC, which is not affiliated with Eventide Asset Management, LLC.

  3. Eventide Announces the Eventide Core Bond Fund

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    BOSTON, MA (September 3, 2020) – Eventide is pleased to announce the launch of its seventh mutual fund, the Eventide Core Bond Fund (ETARX, ETCRX, ETNRX, ETIRX). With a primary objective of pursuing total return consistent with income generation, the Fund seeks to invest in bonds and other securities that offer a positive yield advantage, discounted price, and improving credit profile with an expected weighted average duration between three and nine years. The Core Bond Fund, along with all of Eventide’s funds, seeks to provide capital for companies who are serving society in a positive way.

    The Fund will be managed by Eventide Portfolio Manager Dolores Bamford, who serves as the Director of Investment Research at Eventide as well as the portfolio manager for Eventide’s Multi-Asset Income Fund, Dividend Opportunities Fund, and Limited-Term Bond Fund. Bamford said, “Bonds can be such an impactful conduit for providing companies and projects with capital and an important tool for investors to balance risk in their portfolios. The Eventide Core Bond Fund can help investors who want to have a positive impact on society while seeking an intermediate duration risk profile.” Eventide CEO, Robin John, commented on adding the Core Bond Fund to Eventide’s fund offerings: “We have continuously heard from investors and advisors that there is a need for more fixed-income options within the values-based investing space. Eventide is pleased to continue to provide the appropriate tools for people to develop a sound investment portfolio that is consistent with their values and Eventide’s Business 360® approach.”

    The Eventide Core Bond Fund joins the existing Eventide Funds—the Eventide Gilead Fund, the Eventide Healthcare & Life Sciences Fund, the Eventide Exponential Technologies Fund, the Eventide Multi-Asset Income Fund, the Eventide Dividend Opportunities Fund, and the Eventide Limited-Term Bond Fund—with more than $5 billion in net assets under management. Eventide Funds are managed by Eventide Asset Management, LLC, a Boston-based investment adviser that seeks to provide high performance by investing in companies that create compelling value for their customers, employees, supply chain, host communities, the environment, and society broadly.

    The Fund is available in four share classes – Class A (NASDAQ: ETARX), Class C (NASDAQ: ETCRX), Class N (NASDAQ: ETNRX), and Class I (NASDAQ: ETIRX).

    There is no guarantee that the Fund will meet its objectives.

    Mutual funds involve risk including the possible loss of principal. Past performance does not guarantee future results. The Fund’s ethical values screening criteria could cause it to under-perform similar funds that do not have such screening criteria. Investors in the Fund should be aware that interest rates may change at any time based on government policy. In general, the price of a fixed income security falls when interest rates rise. Longer term securities may be more sensitive to changes in interest rates. A rise in interest rates may result in volatility and increased redemptions, which in turn could result in the Fund being forced to liquidate portfolio securities at disadvantageous prices. Interest rates are sensitive to changes in inflation, and investing in bonds exposes investors to inflation risk. Bonds may be subject to default, causing loss of invested capital. Fixed income investments may be of any maturity or credit quality, but the Fund’s weighted average effective portfolio duration will be between three years and nine years. The Fund may invest, directly or indirectly, in “junk bonds.” Such securities are speculative investments that carry greater risks than higher quality debt securities. There are unique risks associated with asset backed securities, convertible securities, credit, duration, emerging markets, extension, foreign securities, income, mortgage back securities, municipal bonds, preferred stocks, pre-payment, securities, sovereign debt, and U.S. Agency securities that are covered in the Fund’s prospectus and SAI.

    Investors should consider a fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information can be found in the prospectus, which can be obtained at www.eventidefunds.com or by calling 1-877-771-EVEN (3836). Please read the prospectus carefully before investing. Eventide Mutual Funds are distributed by Northern Lights Distributors, LLC, Member FINRA/SIPC, which is not affiliated with Eventide Asset Management, LLC.

    4926-NLD-8/27/2020

    Fund Contact:

    Harry Nelson 877-771-EVEN (3836)

     

Mutual funds involve risk including the possible loss of principal. Past performance does not guarantee future results. The Funds’ ethical values screening criteria could cause them to under-perform similar funds that do not have such screening criteria.

Investors should consider a fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information can be found in the prospectus, which can be obtained at https://www.eventidefunds.com/prospectus or by calling 1-877-771-EVEN (3836). Please read the prospectus carefully before investing. Eventide Mutual Funds are distributed by Northern Lights Distributors, LLC, Member FINRA/SIPC, which is not affiliated with Eventide Asset Management, LLC.

9122-NLD-10/19/2020

4926-NLD-8/27/2020