Eventide Dividend Opportunities Fund Celebrates 3-Year AnniversaryLeave a Comment
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).
Harry Nelson 877-771-EVEN (3836)
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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.