Eventide Announces the Eventide Limited-Term Bond Fund
Boston, MA – Eventide Asset Management, LLC, an adviser practicing ‘investing that makes the world rejoice,’ today announced the acquisition of the Epiphany FFV Strategic Income Fund, a mutual fund that seeks income by investing in short- and medium-duration bonds. The Epiphany Fund has been reorganized into the Eventide Limited-Term Bond Fund to become Eventide’s fifth mutual fund offering (ETABX, ETCBX, ETNBX, ETIBX). The Fund, now under Eventide’s management, retains and continues its more than eight-year history of values-based investment management.
Eventide CIO, Finny Kuruvilla, MD PhD, commented on the acquisition: “Our vision at Eventide is to provide a complete solution to equip investors to pursue ‘investing that makes the world rejoice’ throughout their entire portfolios. The Eventide Limited-Term Bond Fund represents an important step in that direction as it broadens our offerings for investors while continuing to invest in companies that we believe are creating value in the world.”
The Eventide Limited-Term Bond Fund will be overseen by Eventide Portfolio Manager Martin Wildy, CFA, who currently manages two other income-focused Funds for Eventide. Eventide is retaining Dana Investment Advisors, Inc. and Trinity Fiduciary Partners, LLC as sub-advisers to the Fund to ensure continuity of process. Mr. Wildy said: “Not only does this broaden our offering for income investors, the Fund comes with an existing track record. Since its inception in 2010, this Fund has been managed in a values-based way, and we are excited to continue and enhance that effort through Eventide’s Business 360 resources in security selection.”
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). The share classes, fees, and expenses have changed as part of the reorganization.
There is no guarantee that the Adviser’s approach will produce the desired results. Eventide’s Business 360 approach indicates a general framework of guiding principles that inform Eventide’s overall research process.
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.
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