Eventide Gilead Fund Named Category King by the Wall Street Journal for the One-Year Period Ended September 30, 2009
Press Release Source: Eventide Asset Management On Wednesday October 7, 2009, 6:27 pm EDT
BOSTON, MA–(Marketwire – 10/07/09) – The Eventide Gilead Fund (NASDAQ:ETGLX – News), a mutual fund practicing values-based and socially responsible investing, was named as a Category King by the Wall Street Journal for the one-year period ending September 30, 2009 for its no-load retail class shares. This is the fifth time in 2009 the Fund has been named Category King by the Wall Street Journal, in recognition of ranking within the top ten funds in its category for fund performance. The Eventide Gilead fund was ranked #2 out of 380 midcap-core funds for the period based upon its investment return. During this period, the Fund generated a return of 15.67% compared with the S&P 500 Index return of (6.91%), an out-performance of 22.58%.
Details of performance are as follows:
Eventide Gilead Fund vs. S&P 500
|1 Month||3 Months||YTD||12 Months||Since Inception|
Eventide invests in companies that operate with integrity and create value for customer, shareholder and society. According to the fund portfolio manager, Finny Kuruvilla, MD, PhD, “In the midst of the market swings that we have witnessed over the past year, our convictions have grown that the best ways to invest include steady discipline, values-based thinking, and patience. We continue to study the Eventide Gilead Fund’s portfolio, the market and macroeconomic trends in our effort to continue our strong performance into the future.”
The Eventide Gilead Fund is managed by Eventide Asset Management, a Boston-based investment advisory firm that is committed to investing in values-based companies and was launched on July 8, 2008.
In the chart above, “Since Inception” returns use inception date of 07/08/08. The advisor has contractually agreed to waive fees and/or reimburse expenses but only to the extent necessary to maintain the Fund’s total annual operating expenses (excluding brokerage costs; borrowing costs, such as (a) interest and (b) dividend on securities sold short; taxes; costs of investing in underlying funds, 12b-1 fees and extraordinary expenses) at 1.47% of its average daily net assets through June 30, 2011.
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.
Performance is historic and does not guarantee future results. 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. Current performance may be lower or higher than the performance data quoted. To obtain the most recent month end performance information or the fund’s prospectus please call the fund, toll free at 1.877.453.7877. You can also obtain a prospectus at www.eventidefunds.com
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. The Fund is distributed by Matrix Capital Group, Inc., New York, NY 10017.
Chief Financial Officer