Category Archive: In the News

  1. 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.

  2. 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)

     

  3. Eventide Announces the Eventide Exponential Technologies Fund

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    BOSTON, MA (August 20, 2020) – Eventide is pleased to announce the launch of its sixth mutual fund, the Eventide Exponential Technologies Fund (ETAEX, ETCEX, ETNEX, ETIEX). With a primary objective of long-term capital appreciation, the Fund seeks to invest in companies primarily positioned in the information technology and communication services sectors with a high emphasis on the software, technology hardware and equipment, and semiconductor and communications groups of industries. Along with all Eventide Funds, the Exponential Technologies Fund seeks to invest in companies helping to create a better world by serving society, customers, employees, and other key stakeholders.

    The Fund will be managed by Eventide Portfolio Manager Anant Goel, who has served as the technology analyst for the Eventide Gilead Fund since 2016. Goel said, “Technological innovation is currently and will continue to be a powerful force in creating our future economy. I believe there are many exciting opportunities for investors to participate in the growth of some of these companies poised to bring about positive change in our world.” Eventide CIO, Finny Kuruvilla, MD, PhD, said of Goel’s appointment to manage the fund, “I have been impressed with Anant’s thought leadership and deep understanding of what drives long-term company performance in this area. He understands the importance of the intertwining connection between company performance and their ability to create value for society.”

    The Eventide Exponential Technologies Fund joins the existing Eventide Funds with more than $5 billion in net assets under management: the Eventide Gilead Fund, the Eventide Healthcare & Life Sciences Fund, the Eventide Multi-Asset Income Fund, the Eventide Dividend Opportunities Fund, and the Eventide Limited-Term Bond Fund. The 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: ETAEX), Class C (NASDAQ: ETCEX), Class N (NASDAQ: ETNEX), and Class I (NASDAQ: ETIEX).

    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 typically invests at least 80% of its net assets in technology companies defined as those in the information technology, communications, and healthcare technology and devices industries. The Fund invests primarily in companies that Eventide believes are participating in and benefitting from technologies, innovations, themes, or trends that have long-term exponential characteristics. The term “exponential” means the potential for accelerated advancements in underlying technologies that can positively impact capabilities and development cycles of a company’s products and services. Not every company in the Fund’s portfolio will experience exponential growth, and the Fund is not expected to deliver exponential returns. 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 invest in smaller-sized companies which may experience higher failure rates than larger companies and normally have a lower trading volume than larger companies. The Fund may experience higher volatility than the general market due to being concentrated in the technology industries. Companies in the technology industries have different risks including but not limited to products becoming obsolete, and entrance of competing products. The Fund has non-diversification risk as a high percentage of Fund assets may be invested in a limited number of companies. The Fund can have risk related to option investing. There are special risks associated with investments in foreign companies including exposure to currency fluctuations, less efficient trading markets, political instability and differing auditing and legal standards. The Fund can invest in private companies. Private investments include various risks including but not limited to lack of liquidity, capital commitment risk, and valuation risk. Private companies may not be financially profitable and have uncertain futures, subjecting them to additional risks. The Fund has a limited history of operations for investors to evaluate.

    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, which is not affiliated with Eventide Asset Management, LLC.

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

  4. Eventide expands Biotech expertise with new analysts

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    BOSTON, MA (July 20, 2020)—Eventide Asset Management, LLC, is pleased to welcome two new analysts to its portfolio team—Senior Research Analyst Joy Ghosh, Ph.D., and Associate Research Analyst Brian Chow, Ph.D.

    Ghosh and Chow support lead Portfolio Manager, Finny Kuruvilla, MD, PhD, on the Eventide Gilead Fund and the Eventide Healthcare & Life Sciences Fund. This support includes identifying new investment opportunities and monitoring existing investments in healthcare and life sciences.

    Dr. Ghosh has a cross-disciplinary background in biopharma/biotech R&D, business development/M&A, and healthcare investing. Prior to joining Eventide, from 2017-2020, Dr. Ghosh was an Associate and subsequently a Vice President at Bain Capital for their Life Sciences Fund. From 2016-2017, Dr. Ghosh was a Sr. Manager at Biogen. From 2009-2016, Dr. Ghosh was an Investigator at the Novartis Institutes of Biomedical Research. Prior to Novartis, Dr. Ghosh was a postdoctoral scientist at Brigham and Women’s Hospital/Harvard Medical School and Boston University School of Medicine. He holds a Ph.D. from the University of Washington, Seattle in Biomolecular Structure and Design and a bachelor’s degree from the University of Texas at Austin in Biochemistry.

    Dr. Chow holds a Ph.D. in Neuroscience from Harvard University’s Graduate School of Arts and Sciences, where he studied the biological mechanisms underlying the blood-brain barrier that have the potential to enhance drug delivery to the brain to treat neurological disorders. He published his discoveries as the first author in the journals Nature and Neuron. He has also written two review articles published in Nature Reviews Neuroscience and Trends in Neurosciences. He holds a B.S. in Biology and Chemistry from the University of California, San Diego.

    About Eventide

    Eventide Asset Management, LLC, is 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.

    For more information, please visit www.eventidefunds.com or contact Sherrie Johnson Smith, 877-771-EVEN (3836).

    Important Risk Information

    Mutual funds involve risk including the possible loss of principal. Past performance does not guarantee future results.

    The Eventide Gilead Fund can invest in smaller-sized companies which may experience higher failure rates than larger companies and normally have a lower trading volume than larger companies. The Fund can have risk associated with the biotechnology and pharmaceutical industry in which these companies may be heavily dependent on clinical trials with uncertain outcomes and decisions made by the U.S. Food and Drug Administration. 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. The Fund can have risk related to option investing. There are special risks associated with investments in foreign companies including exposure to currency fluctuations, less efficient trading markets, political instability and differing auditing and legal standards. The Fund can invest in private companies. Private investments include various risks including but not limited to lack of liquidity, capital commitment risk, and valuation risk. Private companies may not be financially profitable and have uncertain futures, subjecting them to additional risks.

    The Eventide Healthcare & Life Sciences Fund can invest in smaller-sized companies which may experience higher failure rates than larger companies and normally have a lower trading volume than larger companies. The Fund can have risk associated with the biotechnology and pharmaceutical industry in which these companies may be heavily dependent on clinical trials with uncertain outcomes and decisions made by the U.S. Food and Drug Administration. The Fund can have risk related to option investing. There are special risks associated with investments in foreign companies including exposure to currency fluctuations, less efficient trading markets, political instability and differing auditing and legal standards. The Fund can invest in private companies. Private investments include various risks including but not limited to lack of liquidity, capital commitment risk, and valuation risk. Private companies may not be financially profitable and have uncertain futures, subjecting them to additional risks.

    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, which is not affiliated with Eventide Asset Management, LLC.

  5. Eventide bolsters leadership of investment team with key promotions

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    BOSTON, July 10, 2020 — Eventide Asset Management announced that it is bolstering the leadership of its investment team with the promotion of Dolores Bamford, CFA, as Director of Investment Research and Andrew Singer, CFA, as Associate Portfolio Manager. All of Eventide’s investment research team, including the team dedicated to researching Business 360®—Eventide’s proprietary approach to values-based investing—will report directly to Ms. Bamford. Ms. Bamford will continue to report directly to Finny Kuruvilla, MD, PhD, Eventide’s Chief Investment Officer. Ms. Bamford will continue in her role as Lead Portfolio Manager for the Eventide Multi-Asset Income Fund, the Eventide Limited-Term Bond Fund, and the Eventide Dividend Opportunities Fund.

    As Associate Portfolio Manager, Andrew Singer, will work closely with and support lead Portfolio Manager, Dolores Bamford, on the Eventide Dividend Opportunities Fund, helping to evaluate securities and portfolio positioning appropriate for the Fund’s investment philosophy and criteria. This support will include identifying new ideas, monitoring existing investments, and assisting in the overall portfolio construction of the Fund.

    Ms. Bamford has over 25 years of investment management experience. Prior to joining Eventide this month, Ms. Bamford was with Goldman Sachs Asset Management for 13 years (2002-2015), most recently as Managing Director and Portfolio Manager on U.S. Value Equity. She also led Goldman Sachs’s U.S. Responsible Equity investments and co-led the Global Sustain Equity investments. Previously, Ms. Bamford was with Putnam Investments for 10 years (1992-2002), where she served as Senior Vice President and Portfolio Manager and Analyst on multiple value investments. Before that, Ms. Bamford was with Fidelity Investments (1988-1990), where she served in investment research.

    Ms. Bamford holds an S.M. in Management from the MIT Sloan School of Management, a dual M.A. in Theology and Church History from Gordon-Conwell Theological Seminary, and a B.A. in Economics from Wellesley College. She is a CFA Charterholder and member of the Boston Society of Security Analysts.

    Mr. Singer has over 23 years of investment management experience. Prior to joining Eventide, Mr. Singer held investment analyst positions at Credit Suisse, BlackRock, and John Hancock, where he focused on small- and mid-cap equities across a variety of sectors. He has a B.A. in Quantitative Economics from Tufts University and an M.B.A. from Babson College. Mr. Singer holds the Chartered Financial Analyst designation and is a member of the CFA Society Boston and CFA Institute.

    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, which is not affiliated with Eventide Asset Management, LLC.

    Contact:
    Sherrie Johnson Smith, 877-771-EVEN (3836)

  6. Eventide lowers fees on Multi-Asset Income Fund

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    BOSTON, March 16, 2020 — Eventide Asset Management, LLC, adviser to the Eventide Funds, today announced plans to lower fees for the Eventide Multi-Asset Income Fund (ETAMX, ETCMX, ETNMX, ETIMX).

    Effective March 1, 2020, fees for the Eventide Multi-Asset Income Fund will change as follows:

    Management fees will drop from 73 basis points to 60 basis points.
    Total annual operating expenses will drop by 13 basis points across all share classes.
    Eventide CEO, Robin John, commented on the change in fees: “We desire for our mission of promoting ‘investing that makes the world rejoice®’ to be accessible to as many investors as possible. Our Multi-Asset Income Fund gives investors a great opportunity to invest alongside their values in a mixture of equities and bonds. Lowering the fees on this fund should make it more accessible to more investors.”

    The Fund is available in four share classes: Class A (NASDAQ: ETAMX), Class C (NASDAQ: ETCMX), Class N (NASDAQ: ETNMX), and Class I (NASDAQ: ETIMX).

    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. 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. The intermediate-term bond portion of the Fund’s portfolio may represent 0% to 100% of the Fund’s portfolio with an average duration of between two and eight 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 convertible securities, credit, emerging markets, foreign securities, MLPs, preferred stocks, REITs, securities, small cap stocks, U.S. Agency securities, and yieldcos that are covered in the Fund’s prospectus and SAI.

    An investor 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.

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

  7. Eventide changes name of Global Dividend Opportunities Fund

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    Boston, MA—Eventide Asset Management, LLC, announced today changes to its Global Dividend Opportunities Fund (ETADX, ETCDX, ETIDX, ETNDX), a mutual fund that seeks to provide dividend income and long-term capital appreciation with a secondary objective of dividend growth. The changes include:

    • The name of the Fund will now be Eventide Dividend Opportunities Fund;
    • The following policy will no longer be an investment policy of the Fund: Under normal conditions, at least 40% of the Fund’s assets will be in securities of issuers domiciled in at least 3 countries outside of the United States.

    The changes represent a move for the fund to have a higher emphasis on domestic holdings. Dolores Bamford, CFA, Portfolio Manager for the fund, said this about the changes: “The changes are consistent with our expertise in investing in high quality companies with strong fundamentals and competitive equity dividend income. Our team and security selection process continue to be driven by bottom-up fundamental analysis to identify companies that are making a positive impact.” Eventide CIO, Finny Kuruvilla, MD, PhD, commented, “We believe that Ms. Bamford’s track record of excellence in portfolio management, her passion for values-based investing, and her style of quality investing are best fulfilled with the name change and emphasis on our core competencies.”
    The fund will continue to have the requirement of having 80% of its holdings in dividend paying companies. The Fund is available in four share classes: Class A (NASDAQ: ETADX), Class C (NASDAQ: ETCDX), Class I (NASDAQ: ETIDX), and Class N (NASDAQ: ETNDX).
    Eventide Asset Management, LLC, currently has five mutual fund offerings and practices ‘investing that makes the world rejoice’. The company’s mission statement is, “Eventide strives to honor God and serve its clients by investing in companies that create compelling value for the global common good.”

    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 it to under-perform similar funds that do not have such screening criteria. The Funds can have risk related to option investing. There are special risks associated with investments in foreign companies including exposure to currency fluctuations, less efficient trading markets, political instability and differing auditing and legal standards.

    The Eventide Multi-Asset Income Fund and Eventide Dividend Opportunities Fund can invest in MLPs and Yieldcos. MLPs carry unique risks including risks surrounding its tax status and risk pertaining to rising interest rates, both of which can negatively impact share price. Yieldcos carry different risks including Yieldco Sponsor Risk and cash flow risk. The Eventide Dividend Opportunities Fund can invest in Industrials and Utilities. 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. Companies in the Utilities sector are subject to interest rate risk and cash flow risk. The Eventide Dividend Opportunities Fund is a new mutual fund and has a limited history of operations for investors to evaluate.

    An investor 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.

    7134-NLD-10/1/2019

  8. Eventide lowers fees on Limited-Term Bond Fund

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    BOSTON, Aug. 15, 2019 — Eventide Asset Management, LLC, adviser to the Eventide Funds, today announced plans to lower fees for the Eventide Limited-Term Bond Fund (ETABX, ETCBX, ETNBX, ETIBX).

    Effective September 1, 2019, fees for the Eventide Limited-Term Bond Fund will change as follows:

    Management fees will drop from 60 basis points to 33 basis points.
    Total annual operating expenses will drop by 23 basis points across all share classes.
    Eventide CEO, Robin John, commented on the change in fees: “We want every investor to experience the wholeness and purpose that comes from investing based on his or her values. With this goal in mind, we are excited to lower the fees of our Limited-Term Bond Fund to give more investors an opportunity to pursue values-based investing in their income investments as well as in their equities.”

    This decision accompanies approval from the Board of Directors to add a benchmark for the Fund. The added benchmark for the Eventide Limited-Term Bond Fund will be the Bloomberg Barclays 1-5 Year Government/Credit Index, also effective September 1, 2019.

    The Fund is available in four share classes: Class A (NASDAQ: ETABX), Class C (NASDAQ: ETCBX), Class N (NASDAQ: ETNBX), and Class I (NASDAQ: ETIBX).

    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 it to under-perform similar funds that do not have such screening criteria. The Fund can have risk related to option investing. There are special risks associated with investments in foreign companies including exposure to currency fluctuations, less efficient trading markets, political instability, and differing auditing and legal standards.

    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. 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. Longer-term securities may be more sensitive to changes in interest rates. The Fund’s weighted average effective portfolio duration may not exceed five years. The Fund may invest in other funds. If other funds are utilized, such underlying funds are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. As a result, your cost of investing in the Fund will be higher than the cost of investing directly in underlying funds and may be higher than other mutual funds that do not invest in underlying funds. The Fund may invest in ETFs and inverse ETFs for hedging purposes. Inverse or “short” ETFs seek to deliver returns that are opposite of the return of a benchmark. 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 REITs, preferred stocks, and convertible bonds that are covered in the Fund’s prospectus and SAI.

    An investor 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.

  9. Eventide Hires Portfolio Management Veteran to Lead Income

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    Boston, MA – Eventide Asset Management announced today the hire of Dolores Bamford, CFA, to lead income investing for Eventide. Starting May 1, 2019, Ms. Bamford was named as portfolio manager for Eventide’s income investments.

    Ms. Bamford has over 25 years of investment management experience. Prior to joining Eventide this month, Ms. Bamford was with Goldman Sachs Asset Management for 13 years (2002-2015), most recently as Managing Director and Portfolio Manager on U.S. Value Equity. She also led Goldman Sachs’s U.S. Responsible Equity investments and co-led the Global Sustain Equity investments. Previously, Ms. Bamford was with Putnam Investments for 10 years (1992-2002), where she served as Senior Vice President and Portfolio Manager and Analyst on multiple value investments. Before that, Ms. Bamford was with Fidelity Investments (1988-1990), where she served in investment research.

    Ms. Bamford holds an S.M. in Management from the MIT Sloan School of Management, a dualM.A. in Theology and Church History from Gordon-Conwell Theological Seminary, and a B.A. in Economics from Wellesley College. She is a CFA Charterholder and member of the Boston Society of Security Analysts.

    Ms. Bamford joins Eventide portfolio manager Martin Wildy, CFA, on income, and after a transition of responsibilities, will take over Eventide’s income investments at the end of May. Mr. Wildy commented on the transition, “I have loved working with Eventide and deeply believe in the firm’s mission and values. However, for a combination of family and community reasons, I have decided to pursue an opportunity in my hometown of State College, PA. I’m thankful to the Eventide team for supporting me in this transition and in finding my long-term replacement. I am confident that Dolores will do a wonderful job for Eventide and its shareholders. Working closely with her, I’ve been very impressed by her skill as an investor and her heart for Eventide’s mission.”

    Eventide CEO Robin John commented, “We are thrilled to have Dolores join Eventide. With her demonstrated track record of alpha generation throughout her career and shared passion for investing in companies serving the world, we believe Dolores is the perfect person to lead income investing for Eventide going forward.”

    Eventide CIO Finny Kuruvilla, MD, PhD, also commented, “At Eventide, we have a very high standard to uphold. In addition to our fiduciary responsibility to shareholders, our shareholders are entrusting us to invest their money in companies that they can be proud to own. In this way, we invest our shareholders’ integrity as well. There is a sacred trust implicit in our work, and that makes every hire for Eventide of utmost importance. Having closely examined Dolores’s work and character, we have full confidence that she will carry out these responsibilities with excellence.”

    Eventide is a Boston-based registered investment adviser practicing investing that makes the world rejoice.® Eventide manages more than $3.6B in assets across five investments, including three income investments.

    Registration of an investment adviser does not imply a certain level of skill or training.

    The material provided herein has been provided by Eventide Asset Management, LLC and is for informational purposes only. It is not meant as buy or sell advice.

    There is no guarantee that any investment will achieve its objectives, generate positive returns, or avoid losses. Past performance is not assurance of future results.

    Contact:

    Jason Myhre
    Director of Marketing
    877-771-EVEN (3836), x56

  10. Eventide Gilead Fund Named One of the 2019 Best Mutual Funds by Investor’s Business Daily

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    Boston, MA – The Eventide Gilead Fund (NASDAQ: ETGLX) was named one of the 2019 Best Mutual Funds by the investment publication Investor’s Business Daily. The annual award list recognizes the funds in each equity category that have outperformed the S&P 500 Total Return Index in each of the 1-, 3-, 5-, and 10-year periods as of the prior year-end. The Eventide Gilead Fund was one of 108 funds to achieve this result in the Growth Stock Funds category out of 439 funds, one of 111 funds to achieve this result in the U.S. Diversified Equity Funds category out of 1076 funds, and one of 10 funds to achieve this result in the Midcap Funds category out of 210 funds. For award consideration, funds were required to have at least $100 million in assets under management.

    The Eventide Funds are managed by Eventide Asset Management, LLC, a Boston-based registered investment adviser practicing investing that makes the world rejoice.®


    Registration of an investment adviser does not imply a certain level of skill or training.

    Investor’s Business Daily is a U.S.-based newspaper and website covering the stock market, international business, finance and economics.

    This press releaseis not intended to constitute investment advice. Rather, you should use the list for informational purposes only. Past performance is no guarantee of future results.

    The award list compared Fund performance against the S&P 500 Total Return Index. The Eventide Gilead Fund’s benchmarks are the Russell Midcap Growth Total Return Index and the S&P 500 Total Return Index.

    The S&P 500 is an index created by Standard & Poor’s of American stocks with the largest market capitalization. The Russell Midcap Growth Index measures the performance of the U.S. equity mid-cap growth segment. It includes mid-cap companies with higher price-to-book ratios and forecasted growth. Neither index is an investment product available for purchase. The volatility of the indices may be materially different than that of the Fund, and investors should not expect the Fund to achieve the same results as the indices listed.

    The award list pertained to the Fund’s Class N shares (NASDAQ: ETGLX). The Fund offers other share classes: NASDAQ: ETAGX, NASDAQ: ETCGX, and NASDAQ: ETILX.

    Eventide uses its trademark (“Investing that makes the world rejoice®”) in a figurative manner to help explain its focus on serving investors by helping to improve the world.

    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. There are special risks associated with investments in foreign companies including exposure to currency fluctuations, less efficient trading markets, political instability and differing auditing and legal standards.

    The Eventide Gilead Fund can invest in smaller-sized companies which may experience higher failure rates than larger companies and they normally have a lower trading volume than larger companies. The Fund can also have risk associated with the biotechnology and pharmaceutical industry in which these companies may be heavily dependent on clinical trials with uncertain outcomes and decisions made by the U.S. Food and Drug Administration. The Fund can invest in private companies. Private investments include various risks including but not limited to lack of liquidity, capital commitment risk, and valuation risk. Private companies may not be financially profitable and have uncertain futures, subjecting them to additional risks. Investors should be aware that 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 also carry various risks including, but not limited to, risk related to debt loads and intense competition.

    An investor should consider the 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.


    Fund contact:
    Jason Myhre
    Director of Marketing
    877-771-EVEN (3836), x56

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.

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