Eventide Gilead Fund Announces Distribution Partnership with Multi-Funds
Boston, MA – February 21, 2012 – Eventide Gilead Fund (NASDAQ: ETGLX), a mutual fund practicing values-based and socially responsible investing, announced today the formation of a strategic marketing partnership with Multi-Funds, Inc., a financial services marketer of unique investment strategies.
“We are very excited to be working with Multi-Funds,” said Robin John, Eventide CEO. “Multi-Funds represents investment groups with highly differentiated strategies, making them the perfect marketing partner for our unique values-based investing mutual fund.”
The following table highlights the Fund’s performance over the past three years:
“We’re extremely excited to be chosen by Eventide as their strategic partner for sales and marketing,” said Mark Kamies, President of Multi-Funds. “Eventide is a firm with an unquestionable integrity level, noble goals, cutting-edge investment expertise and a worthy, non-correlating complement to our other great strategic partners.”
Eddie Finocchiaro, Multi-Funds’ Managing Partner and Regional Director for the northeast added, “The Eventide Gilead Fund is a story that begs to be told, and our 20 wholesalers nation-wide are excited to get going. We look forward to a long, strong and mutually beneficial relationship with Eventide.”
For Eventide, values-based investing means investing in companies that have bright financial return-prospects and that are at the same time shining examples of business. Eventide co-portfolio manager Finny Kuruvilla, MD, PhD explains:
“Values-based investing for us is a thick concept. It’s not just avoiding companies that lack certain values, but is a unified decision-making framework for finding companies that are both attractive for investment and truly admirable. At Eventide, we believe values-based investing actually provides the framework within which one can outperform.”
Since its inception on July 8, 2008, the Eventide Gilead Fund has generated a total annualized return of 9.13%, compared to a total annualized return of 1.89% for the S&P 500 index (as of 12/30/2011).
The following table highlights the Fund’s performance, as of 12/30/2011:
|Eventide Gilead Fund||
Expenses ratios: Gross Expenses 2.58%, Net Expenses 1.68%.
The advisor has agreed to maintain the Fund’s total annual operating expenses at 1.68% until at least October 31, 2012. Inception returns are annualized.
“The marketing partnership with Multi-Funds gives us national scale, from a team of regional directors with deep expertise and proven ability to execute,” said John of Eventide. “More exciting for us however, and a perfect alignment with values-based investing, is Multi-Funds’ commitment to creating value for financial advisors. Because Multi-Funds represents various mutual fund groups, they are able to serve as true consultants for advisors rather than having to promote any one fund or family of funds. Implicit in our partnership is Multi-Funds’ belief in the value of Eventide for advisors.”
Based in Nixa, MO, Multi-Funds, Inc. is comprised of 20 regional directors, each with an average of 17 years of industry distribution experience.
The Eventide Gilead Fund (ETGLX) is a mutual fund that seeks to sustain market outperformance by investing in companies that excel at creating value, operate with integrity, and profit from ethical and sustainable activities. The Gilead Fund is managed by Eventide Asset Management, LLC, a Boston-based investment advisor practicing values-based and socially responsible investing.
Multi-Funds, Inc., is a provider of wholesaling services to companies in the financial services industry and a marketer of several boutique investment managers, including Eventide.
The performance pertains to the no-load* class. The Fund offers multiple classes of shares for which performance will differ, based upon fees and commissions. *Other expenses that apply to a continued investment in the fund are described in the Fund’s prospectus.
The S&P 500 is an index created by Standard & Poor’s and is considered to represent the performance of the stock market generally. It is not an investment product available for purchase.
Morningstar Mid-Cap Growth Category Description: Category includes both mid-cap growth funds that invest in stocks of companies of all sizes, thus leading to a mid-cap profile, and those that focus on midsize companies. Normally, the Gilead Fund invests primarily in a broad range of equity securities without limitation to market capitalization.
Mid-cap stocks are subject to greater volatility and less financial resources than large –cap stocks.
Investments in mutual funds involve risks. Investment return and principal value will fluctuate with changing market conditions so that when redeemed shares may be worth more or less than their original cost. Please note that the Fund’s ethical screening criteria limit the potential universe of investments and could cause the advisor to avoid investments that, at least in the short term, may perform well in other funds. An investor should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information about the Eventide Gilead Fund can be found in the Fund’s prospectus. Please read the prospectus carefully before investing. Performance represents past performance. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. To obtain performance current to the most recent month-end, or to obtain a current prospectus please call the fund, toll free at 877-771-EVEN (3836). You can also obtain a prospectus at www.eventidefunds.com. The Eventide Gilead Fund is distributed by Matrix Capital Group, Inc., which is not affiliated with Eventide Asset Management, LLC.
The Eventide Gilead Fund
877-771-EVEN (3836) x.55